Bitcoin price is maintaining the same level trajectory it held at the time of yesterday's analysis. The market has entered a consolidative phase, and there are two potential paths for price: one is up, and the other is, well... CoinCompetition invited participants in the upcoming…
Bitcoin price is maintaining the same level trajectory it held at the time of yesterday’s analysis. The market has entered a consolidative phase, and there are two potential paths for price: one is up, and the other is, well… CoinCompetition invited participants in the upcoming trading competition to test drive the new CoinArch demo platform – the competition’s chosen trading interface.
From the analysis pages of xbt.social, earlier today:
The BTC-e chart’s Hulk-like right arm is a sign that all is not as it appears in the market. Below the seemingly calm price waves, there is a lot of contained pressure, and it has the potential to explode out of this chart area.
xbt.social members assess the upside prospects:
The CoinArch demo platform will be the interface used by competing traders in CoinCompetition’s 1 May trading showdown. Prospective participants can sign up for a free demo account to familiarize themselves with CoinArch’s trading facilities and account options.
Join CoinCompetition and win 5 bitcoins. Start: May 1st.
Bitcoin price is consolidating prior to a breakout. Breakout to the downside seems the obvious route, but even based on gut-feel, continued downside to $100 and lower seems implausible, if not contrary to the principle of supply-and-demand. xbt.social is positioning to trade a breakout to the upside with a clean entry and defined price targets.
Bitfinex Buy/Sell Volume:
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The writer trades Bitcoin. Trade and Investment is risky. CCN accepts no liability for losses incurred as a result of anything written in this Bitcoin price analysis report.
Last modified: January 25, 2020 11:06 PM UTC