Archive for Technical Analysis Blog’ Category


Apr

25

2014

Sell off, thanks to the PBOC

Good Day Bitcoiners, Again, the price reacts thanks to the warning letter issue by the PBOC. Sellers are in full control and they are keeping the sell off going and the next target could be below $437,82 and if the sellers volume keeps coming there is a chance that counter trends will bring opportunities during the weekend. Buyers are not in the best position at…

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Apr

25

2014

Sell off, thanks to the PBOC

Good Day Bitcoiners, Again, the price reacts thanks to the warning letter issue by the PBOC. Sellers are in full control and they are keeping the sell off going and the next target could be below $437,82 and if the sellers volume keeps coming there is a chance that counter trends will bring opportunities during the weekend. Buyers are not in the best position at…

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Apr

24

2014

Sellers. “keeping the pressure on.”

Good Morning Bitcoiners, Sellers still have some control over the price and because of the lower volume there is a slow retracement that it’s working for the sellers side. This situation can help the price to reach $470,00.However, the bullish hypothesis still active and there is a chance that the buying orders near the the major support $470/472 could bring volatility and the retracements we…

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