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Topic: [2015-07-20]BITCOIN PRICE SUCCESSFULLY TESTS SUPPORT (Read 259 times)

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Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior to advance).

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Bitcoin Price Analysis

Time of analysis: 04h45 UTC

Bitfinex 15-Minute Chart


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

Bitcoin price has made five declining subwaves and should now advance.

Advancing in 5 waves to the purple 800MA near $286 will be a sign that a new advance has begun.

Three waves of advance that fall short of the 800MA will warn us that the current sideways structure is incomplete or that decline may resume.

read further https://www.cryptocoinsnews.com/bitcoin-price-successfully-tests-support/
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