Tag: bitcoin technical analysis

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  Analysis

  Bitcoin Price Analysis 30/1/2015 – Hold, Hold, Hold,…….

  We spotted yesterday what seemed to be an attempt at reversing  the current bearish trend, as bitcoin price was well supported at the $220-$230 level; however, the attempted reversal was resisted shortly and the price began to fall again after reaching a high of around $243. By drawing...

  Jayanand Sagar | January 30, 2015 | 7:09 pm

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  Analysis

  Bitcoin Price Technical Analysis 28/1/2015 – Bears In Control

  Bitcoin price dropped further today to trade around $250 on most times of the day. The price touched values around the $230 support level earlier today could be considered a low of the current bearish trend line. By studying the 2 hour BTCE (BTC/USD) charts from tradingview.com, we...

  Jayanand Sagar | January 28, 2015 | 7:14 pm

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  Analysis

  BTC Price Technical Analysis for 28/1/15 – Correction Halts Bullish

  The market pulled the price of bitcoin downwards after rising to over $310 2 days ago which means that a high percentage of traders are taking profit by closing their long positions. The take-profit theme of yesterday’s market halted the bullish wave which started a few days ago....

  Jayanand Sagar | January 27, 2015 | 6:07 pm

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  Analysis

  BTC Price Tech Analysis for 26/1/2015: Settling Above $300 Soon

  Bitcoin price increased up to $310 yesterday, yet it declined down to $267 at the time of the writing of this article. As the price is now above the $256 resistance line, we are likely to see it settle above $300 soon. By observing the 1 hour Bitfinex...

  Jayanand Sagar | January 26, 2015 | 3:23 pm