当前位置: 首页 > 行情 > 正文

比特币价格冲高回落 BITCOIN PRICE RETURNS FROM ALTITUDE

Bike_slope

Bitcoin price made reentry last night and bounced at $300 and 1800 CNY after trading at almost double those prices less than a week ago. How low could it go?

This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.

Bitcoin Price Analysis

Time of analysis: 15h27 UTC

BTC-China 4-Hour Chart

BTC-China 4-Hour Chart

From the analysis pages of xbt.social, earlier today:

A massive move lower came as a shock – not because it declined – but because it did so without clear signaling in the chart – preventing us from taking advantage of the bulk of the decline.

Some observations:

1) A corrective instance on the left (magenta annotation on price and RSI, just above price) had made a higher low while RSI was reverse diverging. The present correction did the same, but just pushed lower regardless – most probably because it is a larger degree wave and playing out at the 4hr timeframe and not the 1hr chart indicators timeframe.

2) Once CNY prices dropped below the level of the 1day 20MA – the fate of the decline was sealed.

3) $300 and 1800 CNY have provided support today. Price had found support at two horizontal support & resistance levels, although (at the time of writing) price is trading below the 4-hour 200MA (red).

If horizontal support were to hold and price begins advancing soon, it would either be to correct the decline, thus far, or it may be a new wave of advance to the upside.

Summary

Advance from the current lows would be a welcome surprise after a year spent mostly below $250. If the current support level were to give way and price falls below $300 and 1870 CNY, then the lower horizontal support & resistance in the chart above would present a target as well as all those levels we have become so well-acquainted with during 2015: $280, $260, $240 and $220 at the support floor.

For now there is no clear technical indication of which way the market is likely to take this. Let’s hope $300 holds.

Bitfinex orderbook depth and Buy/Sell Volume:

 Bitfinex depth buysell volume 22h18 111115

Click here for the CCN.LA interactive bitcoin price chart.

固定链接: 比特币价格冲高回落 BITCOIN PRICE RETURNS FROM ALTITUDE | 三个硬币

该日志由 goldcoin 于2015年11月12日发表在 行情 分类下, 你可以发表评论,并在保留原文地址及作者的情况下引用到你的网站或博客。
原创文章转载请注明: 比特币价格冲高回落 BITCOIN PRICE RETURNS FROM ALTITUDE | 三个硬币

比特币价格冲高回落 BITCOIN PRICE RETURNS FROM ALTITUDE:等您坐沙发呢!

发表评论

快捷键:Ctrl+Enter