Although the 4-hour chart is, technically, turning bearish there is no well defined xbt.social sell signal in either the 4-hour or 1-hour chart.
Based on the two grey trendlines defining upper and lower range boundaries, we may get a period of sideways movement – ranging between the bottom boundary and the resistance ceiling.
The first wave down from the 8th January high was complex. A typical B-wave then set up the price drop and the last wave down is not as complex as the first wave down from the 8 January high. For this reason additional lows seem likely: if only to complete the downward C-wave with a final 5th subwave.
https://www.cryptocoinsnews.com/bitcoin-price-more-sideways/
Topic: [2016-01-14] Bitcoin Price: More Sideways (Read 201 times)
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