Bitcoin Price Advancing For Second Day

Discussion in 'ESO - English Spoken Only' started by Gilang574, Jun 16, 2015.

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  1. Gilang574
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    Gilang574 Rajin Online

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    Bitcoin Price Advancing For Second Day
    The combination of upside regular divergence followed by an instance of reverse divergence to the downside, has the effect of continuing a trend. Once we see the reverse divergence fail to manifest while the Bitcoin price makes a new high accompanied by regular divergence – that is usually the sign that a high has been struck.

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

    Bitcoin Price Analysis

    Time of analysis: 16h59 UTC

    Bitfinex 1-Hour Chart
    From the analysis pages of xbt.social, earlier today:

    The regular/reverse divergence dynamic is still at play and we wait for an indication of reversal – or – if this wave will surprise by just advancing beyond expectation. It certainly looks like a persistent advance in the making if it holds above $230 and 1440 CNY, in which case we have to reconsider our outlook.

    For now the wave simply looks like the market is pausing prior to another wave of advance and its a catch 22: does one jump in a wave only to find that it reverses or do you wait and see if it will end and then find that hours have become days? The current chart area is critical and the purple 1-hour 800MA is a major level of resistance that will either cause reversal or open up $245 / 1600 CNY.

    CoinCompetition
    lenteracoinproject, kaymuddin and bonbon hold their long positions and lead in the standings. A few new names appear in the leaderboard, too, as the intra-day advance continues.

    The winner of last week’s round of CoinCompetition joined us at xbt.social today – Welcome, Siexpert!.

    Good Luck to all competitors for the coming week.



    Summary
    While Bitcoin price holds above the 20-period moving average (green curve in the chart above), it generally continues advancing until a new high is made without having been preceded by reverse divergence. Price is currently approaching the 4-hour chart’s 200MA (purple in the chart above) and the intersection of this moving average with the overhead trendline, as well as, a triangle apex could spell reversal. Breaking above that level opens higher targets in the chart, but for now, there is no compelling reason to look beyond $234 (Bitfinex) and 1440 CNY (BTC-China).

    Bitfinex orderbook depth gives no clues as to what we can expect in the coming hours and days:

    .
    andhi66 likes this.
  2. Selena
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    Selena Reguler

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    English :3 kaga paham :v
  3. yusuf fitroh ardhiyanto
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    yusuf fitroh ardhiyanto Populer

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    translet lah
  4. Paijoe
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    pakai bahasa indonesia aje bro, english saya masih ala kadarnya
  5. yusuf fitroh ardhiyanto
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    yusuf fitroh ardhiyanto Populer

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    di copy di google translit bisa gan
  6. hanan wibowo
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    hanan wibowo Reguler

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    yang nerjemahkan suka terbalik-balik kata2-nya
  7. yusuf fitroh ardhiyanto
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    yusuf fitroh ardhiyanto Populer

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    hahahaha ya begitulah google translt
    Paijoe likes this.
  8. Paijoe
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    Paijoe Reguler

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    makanya kita mesti pilih2 perkata aja
  9. yusuf fitroh ardhiyanto
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    yusuf fitroh ardhiyanto Populer

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    iya gan tapi juga lama klo perkata
  10. Adi2015
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    saya gak ngerti maksudnya apa itu
  11. yusuf fitroh ardhiyanto
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    yusuf fitroh ardhiyanto Populer

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    ngerti o a :smile:
  12. Putri
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    good news, i like it
  13. Putri
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    english please
  14. Putri
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    english please
  15. Putri
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    english please
  16. Putri
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    english please
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