Tagdecline

Global Economic Outlook: Currency Positioning

A widely anticipated US dollar rally is caught between the proverbial Horns of the Bull, leaving the dollar in grid-lock. Meanwhile, the mainstream media turns up the volume of their cries of market woes - just as the decline pauses for a breather. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators World Indexes   Forex Rates  ...

Bitcoin Technical Analysis - Price Reversal Underway

photo by OiMax https://www.flickr.com/photos/oimax/

Bitcoin Technical Analysis reveals that the uptrend is about to reverse from current levels. An exuberant breakout has fizzled out and lost critical momentum. Last week's article warned of a bull trap in the making. If the ensuing downturn is merely a correction, advance may return with a vengeance, but if large market players again fail to participate, matters look different. Takeaway Traders...

Bitcoin Price Breakout - Technical Analysis Warns Bull Trap!

Bitcoin Price advance had slowed down to a crawl. The week-long sideways movement in the chart showed signs of turning back down. Then the widely anticipated breakout. Some analysts argue that an advancing rally is underway. The chart technical argue otherwise. CCN Director's Note: The Bitcoin price now seems to be on the rise. This article was written before the sudden price jump of more than 20...

Bitcoin Chart Analysis - Bitstamp Sub $400 Targets

BTC/USD rebounded off its upper channel trendline and has resumed the downtrend. This outcome was discussed last week and with Bitcoin price action remaining inside the decline zone, the implication is a return to the $400 price level. I am going out on a limb here, writing this Bitcoin chart analysis during the Asian session before the European session shows it's hand. Whatever I commit to...

Bitcoin Price Decline Targets Below $400 (Bitcoin Analysis)

The Bitcoin price decline has resumed after bulls staged a weak rally to levels around $450. Last week's Bitcoin analysis forecast a retracement to the $450 area and, like clockwork, early Monday trade is showing signs of pushing to our interim target at $400 and perhaps lower. However, the price decline is about to run up against rising channel support. Takeaway Pattern analysis shows that trend...

Bitcoin Price Decline Confirms Forecast, Bitcoin and Litecoin in Terminal Decline

BTC Titanic

Bitcoin price decline has fallen below major support at $440 and is on its way to testing $400. Litecoin's chart confirms that the decline has some distance to go.   Takeaway Most market participants and analysts are expecting a reversal from current levels and an imminent flight of glory on board the Bitcoin Moon Rocket. However, the writer believes that it is not a moon rocket at all, and...