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比特币价格稳定慢跌 Bitcoin Price Decline Slow But Steady

 



Bitcoin price continues labored decline. Optimistic buying intermittently pulls price to lower highs while the technical indications in favor of additional decline are compounding.

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Bitcoin Price Decline Analysis

Time of analysis: 14h00 UTC

Bitstamp 1-Hour Chart

Bitcoin Price Decline

From the analysis pages of xbt.social, posted at 04h00:

The most recent lower high had formed reverse divergence in RSI (magenta annotation), and we can expect another wave down today.

The structure of the declining price action is complex – not the single long red candle variety that we’re accustomed to seeing – and this implies one of two things: Either the decline is corrective and another wave toward the resistance ceiling will follow, or this is the beginning wave of a large decline (and hence the observed complexity). The moving average signaling at both the 1hr and 4hr (not shown) timeframes implies that price is rolling over into decline, and our currently active xbt.social trade recommendation is based on this outcome.

There are still many buyers piling in at each new low, no doubt expecting a return to advance. Once the reality of decline grips the market there will be additional opportunities to increase position size, so traders should keep their short position small (approx. quarter size) for now. Buy-and-hold allocation should be approx. 35:65 (BTC vs fiat) at this time.

If a new advancing wave should commence, before price breaks below critical support at the up-sloping Fib line currently running through $416 (Bitstamp), then a smaller position will be easier to manage and exit. Always a good idea to build your positions as confirmation of trend strengthens, rather than make all-or-nothing directional bets.

Summary

Bitcoin price decline continues with effort. For now we observe the price reaction at the 1hr 200MA (blue circle). The next reaction level is the up-sloping support line. If price breaks below this line, then the primary target is $404 (at the purple circle) and a secondary target at the 1.618 Fibonacci extension (orange arrow) at $390 (Bitstamp).

Bitfinex Depth Chart and Buy/Sell Volume

Bitcoin Selling Into Decline

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

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该日志由 goldcoin 于2016年03月03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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