Top Menu

25.01.15 – Bitcoin – Update

Price at Bitfinex near intermediate resistance | 2HR time interval

Estimated long trade on confirmation above $242 has been active for almost 8 hours.

On the long side: At the time of writing, price is very near $251 intermediate resistance (white dotted line). A strong confirmation above this key level will increase the possibilities of testing $269 breakdown area (red dotted line) where resistance is heavy.

On the short side: Temporary support rests at $242 (light blue dotted line). A reversal below this point will possibly test $230 intermediate support (orange dotted line), which is also a strong consolidation area. A breach below $230 must be rapid in order to retest $223 breakout support (green dotted line). Lower target is estimated at $213 near term support (blue dotted line).

250115 - Bitfinex - BTCUSD

25.01.15 – Bitfinex – 2HR Candlestick Chart

Overall: Once more, indicators provide a mixed picture. RSI is retesting overbought and may stay elevated for a little longer. MACD has recovered, currently painting a healthy positive signal. On the contrary, Stochastic hints to possibilities of a temporary double top formation, which may be an early warning signal towards the long side.

Possible Scenarios:

Long: On a confirmed break above $251 – Price Target $269
Neutral: Price Range $242-$251
Short: On a confirmed break below $242 – Price Target $230

Our Stance: Carefully following current long trend. Protecting profits on recent positions with stops above breakeven. Will increase long exposure for a quick trade on relevant confirmation.


Price at Bitstamp near intermediate resistance | 2HR time interval

Possible Scenarios:

Long: On a confirmed break above $252 – Target $267
Neutral: Price Range $241-$252
Short: On a confirmed break below $241 – Target $230


Price at BTCe near intermediate resistance | 2HR time interval

Possible Scenarios:

Long: On a confirmed break above $248 – Target $264
Neutral: Price Range $238-$248
Short: On a confirmed break below $238 – Target $226


Price at Kraken near intermediate resistance | 2HR time interval

Possible Scenarios:

Long: On a confirmed break above €224 – Target €232
Neutral: Price Range €217-€224
Short: On a confirmed break below €217 – Target €206


Price at OKCoin near intermediate resistance | 2HR time interval

Possible Scenarios:

Long: On a confirmed break above ¥1537 – Target ¥1679
Neutral: Price Range ¥1461-¥1537
Short: On a confirmed break below ¥1461 – Target ¥1386


Price at Huobi near intermediate resistance | 2HR time interval

Possible Scenarios:

Long: On a confirmed break above ¥1537 – Target ¥1676
Neutral: Price Range ¥1459-¥1537
Short: On a confirmed break below ¥1459 – Target ¥1388

 

© 2015 – Cryptoalerts.netTip Me With ChangeTip

, , , , , , , , ,

No comments yet.

Leave a Reply