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比特币价格等在起跑线 BITCOIN PRICE HOLDING TO LINE OF ADVANCE

Line advance

Bitcoin price returned to a central line of advance, after temporarily dropping below it over the weekend. The price action now unfolding in the chart is characteristic of previous consolidative periods.

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Bitcoin Price Analysis

Time of analysis: 14h39 UTC

BTCC 1-Hour Chart

BTCC 1-Hour Chart

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

Price had fallen towards $300 and then promptly returned to its previous trading range at $330 and 2100 CNY.

The two diagonal lines along which price has been trading are Fibonacci fan lines that originate at the January and August 2015 lows. The red Fib line had been a central pivot to the recent rally, so price returning to it is an acknowledgment of its continuing significance.

This alternation between established price levels is characteristic of the price action we had witnessed in early June and from 14-21 September this year.

Presumably, the market is preparing for a larger move and we hope for a return to advance. While previous support and resistance gets tested there are few trade opportunities, since the moves are erratic and difficult to predict.

We wait for a trend to emerge and once we see price establish either a series of higher highs or lower lows we can look for trade signals in the chart.

Machines take me by surprise with great frequency. – Alan Turing

Summary

It seems odd that the market has not yet retested the $300 price level. Perhaps there is no need, and if the market can consolidate at current levels and then resume advance, the outcome will be more favorable than a return to the messy chart area between $200 and $300.

Bitfinex orderbook depth and Buy/Sell Volume:

 Bitfinex depth buysell volume 20h52 171115

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

from:https://www.cryptocoinsnews.com/bitcoin-price-holding-line-advance/

固定链接: 比特币价格等在起跑线 BITCOIN PRICE HOLDING TO LINE OF ADVANCE | 三个硬币

该日志由 goldcoin 于2015年11月18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。
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