Bitcoin-Chartanalyse

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@Boardfreak

ich bitte höflichst, von weiteren, an mich gerichteten, posts abzusehen.

 

 

 

@segeln

 

ich lasse mir nix verbieten - wenn ich dir zu unbequem bin dann setz mich halt wieder auf ignore - scheuklappen auf und tschakka

 

 

 

Jeder kann lesen, dass ich höflichst eine Bitte ausgesprochen habe.

Der Bitcoin-Kuh -Melker ,aka.auf den Boden aufstampfendes trotziges Kleinkind, macht daraus ein "verbieten". Weitere Bemerkungen zu ihm sind notwendig

[boardfreak]

@segeln

 

die mafia bittet ladenbesitzer auch monatlich höflichst um eine kleine spende und verbindet dies mit einem "ansonsten" im gleichen atemzug  zudem melke ich nicht den bitcoin wie du und zb eddi mich falsch verstehen wollt sondern warte seit nem halben jahr auf den richtigen zeitpunkt wieder ins boot zu steigen - ich schau hier regelmäßig rein um geballt aktuelle analysen zu überfliegen - ob man es als auf den boden stampfen bezeichnen sollte wenn ich die anregung gab dass eigene meinungen hier hilfreich wären wenn die kopierten analysen zu grundlegend verschiedenen ergebnissen (an dem tag: bullisch, bärisch und flat) kommen ist fraglich - wenn du in "deinem" thread keine diskussion wünscht dann lass es mich einfach wissen - ich werde es beherzigen - ansonsten aktuell: china hat mit viel weniger volumen als beim drop von 2300 im westen enormes volumen verursacht - stamp hielt die 350 wie ein fels in der brandung so dass china nochmal bis exakt 2100 runter ging um auch die 550 bei stamp fallen zu lassen - der supportbereich oberhalb 340 hat grandios gehalten und den bullen aufwind gegeben - seitdem gehts rauf - china klopft von unten an die 2200 und wird sich imho definitiv über diese hangeln - meinen take beim long habe ich deshalb erstma rausgenommen um ihn wenn möglich in kürze durch einen stop zu ersetzen

Bearbeitet 22. November 2014 von boardfreak

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Bitcoin Price Moving to Below $350?

http://www.marketoracle.co.uk/Article48313.html

 

For now, we focus on the charts.

On BitStamp, we saw a significant move down yesterday. The move brought Bitcoin down to $350 (dashed red line in the chart above). The volume was up and so the depreciation seemed quite important. Quite possibly it was, but it would appear that we might just need additional confirmation before accepting this as the case.

 

Right now, a move below $400 (solid green line) is confirmed. As such, the current environment is relatively bearish. On the other hand, from a longer perspective, we recently saw a first higher high in months. Based on that, the current situation might have implications for the medium or long term.

Today, the currency has gone down further (this is written after 10:30 a.m. ET). The volume is pretty much the same it was yesterday. Bitcoin went down almost to $340 before rebounding to $350. Is this a meaningful rebound? At the moment of writing we don't have enough signs to point to that.

It seems that if we see more depreciation and Bitcoin goes below $350, we might see a more violent continuation of the downtrend.

On the long-term BTC-e chart, yesterday’s move is clearly visible. Right now, $350 seems to be the level to observe. Yesterday, we wrote:

Now, we're at $350 which means that a move to $300 might be underway. If we see additional confirmation of that, we will consider going short and betting on a move down to $300. On the other hand, a move above $400 at this time could herald an attempt to form another higher high.

 

 

At the moment of writing, down looks like the direction for the short term but this is far from certain and the fact that we're still at $350, should make traders cautious before going long just now. If we in fact see the currency staying below $350, we might be inclined to bet on lower prices then. This is not the case at the moment.

 

Summing up, we don't support any short-term positions at the moment.

Trading position (short-term, our opinion): no positions.

[Gargelkark]

@segeln

 

die mafia bittet ladenbesitzer auch monatlich höflichst um eine kleine spende und verbindet dies mit einem "ansonsten" im gleichen atemzug  zudem melke ich nicht den bitcoin wie du und zb eddi mich falsch verstehen wollt sondern warte seit nem halben jahr auf den richtigen zeitpunkt wieder ins boot zu steigen - ich schau hier regelmäßig rein um geballt aktuelle analysen zu überfliegen - ob man es als auf den boden stampfen bezeichnen sollte wenn ich die anregung gab dass eigene meinungen hier hilfreich wären wenn die kopierten analysen zu grundlegend verschiedenen ergebnissen (an dem tag: bullisch, bärisch und flat) kommen ist fraglich - wenn du in "deinem" thread keine diskussion wünscht dann lass es mich einfach wissen - ich werde es beherzigen - ansonsten aktuell: china hat mit viel weniger volumen als beim drop von 2300 im westen enormes volumen verursacht - stamp hielt die 350 wie ein fels in der brandung so dass china nochmal bis exakt 2100 runter ging um auch die 550 bei stamp fallen zu lassen - der supportbereich oberhalb 340 hat grandios gehalten und den bullen aufwind gegeben - seitdem gehts rauf - china klopft von unten an die 2200 und wird sich imho definitiv über diese hangeln - meinen take beim long habe ich deshalb erstma rausgenommen um ihn wenn möglich in kürze durch einen stop zu ersetzen

2200 ist geschafft. Geht er jetzt wieder Richtung 400 USD?

 

Mein Bauch sagt ja... Siehe auch mein Post mit den steigenden Böden seit Oktober (erst 300, dann 320 und jetzt 340).

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Bitcoin Undecided as Price Swings Around $350

http://www.forexnews.com/blog/2014/11/22/bitcoin-undecided-price-swings-around-350/

 

By Petar Kotevski on Nov 22, 2014 03:31:43 GMT

 

Bitcoin is still trading undecided as prices continue to swing around the $350 figure. After opening at $348.10 bitcoin fell to a low of $345.15. From here, BTC rallied to hit $362 per coin. But the move up soon fizzled out and prices came back down near the $350 mark. We are currently trading at $352 on BTC-E, compared to $354 on OKCoin and $357 on BitStamp.

The chart above shows bitcoin indecisiveness during the past 48 hours. The stalling of the down move at the $345-$350 area was expected, although the initial spike lower briefly took prices to $339 per coin . In several of our previous articles we mentioned that this area is previous support, turned into resistance and now back into support. Let’s take a look at the daily chart.

For the past few months, the medium-term trend has been down. The momentum has also shifted to the downside after prices dived below the $400 mark few days ago. In addition, we have two daily Pin bars with long bearish wicks[gelb] on November 13th and November 17th.

While there is some weak support at $339, the first important level on the downside is $319. A break lower would lead to a resumption of the short-term trend lower. Below $319 we find two weak support levels at $300 and $285. These are followed by the previous bubble high at $266. While prices are still above this high, we are now trading not far off at $352. A clean break below $266 could lead to a long-term downtrend in BTC prices.

 

On the upside, there is a weak resistance level at $365-$370. A break higher may lead to some follow-through toward the $400-$408 resistance area. Higher still, the $454 swing high will be an important milestone for BTC. A break higher could pave the way for a new bitcoin rally.

 

Hinweis: der Grundtrend seit 2011/2012 liegt etwa bei 230 $

Bearbeitet 22. November 2014 von segeln

[boardfreak]

@analyse segeln

 

"...Hinweis: der Grundtrend seit 2011/2012 liegt etwa bei 230 $..." - bitte erklär mir dummdödel was dieser hinweis bei der von dir kopierten analyse zu suchen hat - danke

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Bitcoin Range Continues as Auction Draws Near

http://www.forexnews.com/blog/2014/11/23/bitcoin-range-continues-auction-draws-near/

 

By Petar Kotevski on Nov 23, 2014 08:03:42 GMT

 

 

Bitcoin’s range around $350 continues for another day, although the last 24 hours showed a bullish bias. After opening at $354.10 prices fell to $348.42 only to rise back above the $350 mark one hour later. The rally took BTC/USD to a daily high $360.99, just shy of yesterday’s high at $362.13. We are currently quoted at $358.65 on BTC-E, compared to $361.76 on BitStamp and $362 on OKCoin.

A break past the weak resistance level at $365-$370 may lead to some follow-through toward the $400-$408 resistance area. But this will depend largely on the results of the coming bitcoin auction. As we’ve written about previously, the initial reaction to first bitcoin auction back in June was a substantial market sell-off that lasted almost three days, followed by a complete reversal of prices back to pre-auction levels.

This time, the sell-off lasted for 4.5 days before prices stabilized around the $350 figure. Whether we will now reverse course depends largely on if the bids received at the auction will be higher then the current market price. There are some favorable signs.

Tim Draper, the winner of the first bitcoin auction, told Bloomberg News that he plans to bid again:

”I am a big believer in bitcoin, and I believe it to be one of the most important technologies that have come along in our lifetime. The price is even better than the last auction.”

 

Barry Silbert, founder of SecondMarket and the BitcoinTrust, is again organizing a syndicate that will allow smaller buyers to participate in the auction. For interested parties, here’s a link to the participation form. The deadline for the auction of 50,000 BTC (around $18 million) is December 4th, not December 1st, apologies for my mistake in previous articles.

[azu393]

doch so schnell ? WOW... dachte das kommt next jahr...

 

 

Barry Silbert, founder of SecondMarket and the BitcoinTrust, is again organizing a syndicate that will allow smaller buyers to participate in the auction. For interested parties, here’s a link to the participation form. The deadline for the auction of 50,000 BTC (around $18 million) is December 4th, not December 1st, apologies for my mistake in previous articles.

[segeln]

_{Will Crowdfunding Save Bitcoin?}

_{http://www.dailyforex.com/forex-technical-analysis/2014/11/Will-Crowdfunding-Save-Bitcoin-November-23-2014/37056?utm_expid=3673405-7.v9TXkD4lS1aCSQjYnNh02w.0&utm_referrer=http%3A%2F%2Fwww.dailyforex.com%2Fforex-technical-analysis%2Fbitcoin-forecast%2Fpage-1}

 

_{Technical Analysis:}

_{A look at the daily chart suggests that the only direction in which Bitcoin is going is down. The crypto-currency is unable to move up and every rally is being sold into by bears. Bulls have lost total control and now require one or two stellar rallying trading sessions in order to take charge of the crypto-currency. Bitcoin currently has strong support near $315 whereas on the upside it is imperative that it closes above $365, $375 in order to have any chance at a rally.}

_{Actionable Insight:}

_{Sell the BTC/USD for target of $340, $325 with stop-loss of $360.}

 

[segeln]

Bitcoin Trading- BTC/USD Technical Analysis, Nov 23: BTC bearish again after hitting 2-week low

http://dcmagnates.com/bitcoin-trading-btcusd-technical-analysis-nov-23-btc-bearish-again-after-hitting-2-week-low/

This weekend, Bitcoin (BTC/USD) has kept up its bearish behavior, after hitting a 2-week low of $339.62 on BTC-e.

The behavior over the past 72 hours confirms earlier assessments that a return to the low $300’s was in the making. All the damage took place on Thursday and Friday when BTC plunged by over 10%. In the ensuing 48 hours, BTC’s retracement was unimpressively protracted and appears to be completing the final couple of legs of a head-and-shoulders pattern back into the $340’s.

The pair currently trades at $356 on BTC-e. The retracement was enough to send BTC back to about par with its 50-day moving average (MA), holding steady at $360.

[segeln]

doch so schnell ? WOW... dachte das kommt next jahr...

The remaining 94,341 bitcoins from Ulbricht’s hardware will be auctioned “in the coming months,” said Lynne Donahue, a Marshals Service spokeswoman

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Bitcoin May be Weak But Many Still Optimistic

http://www.forexminute.com/forex-news/bitcoin-may-weak-many-still-optimistic-50520

Nov 24, 2014 10:37AM GMT

 

 

When looking at the daily chart, the BTC/USD was unable to sustain itself above its $370 support zone. During last night’s session, the crypto-currency slid below $370 and is now trading below that level. It is however, showing some signs of strength but many analysts feel that all rallies are now being used as selling opportunities by bears.

During today’s trading session, the BTC/USD is trading flat but is continuing to exhibit a negative bias. A lower-low still lingers, and its stochastic oscillator remains trending lower indicative of the strong momentum present on the sell side. Additionally the BTC/USD’s relative strength index is forming a lower-low, which is of course a bearish indicator.

 

As now the digital currency is trading below its daily moving average and is now finding support at its 50-day moving average. Its next level of support is approximately $340, and if it breaches, traders believe it will head towards $300 in very short span of time. Lastly, volumes on the downside are quiet high, which implies a bearish sign in the near future.

[segeln]

Bitcoin Analysis: Week of Nov 23 (Concept Review)

http://cointelegraph.com/news/112975/bitcoin-analysis-week-of-nov-23-concept-review

by Tone Vays @ 2014-11-24 10:50 AM

 

Once again Bitcoin price movements are proving to be extremely more difficult to forecast from both a technical and fundamental perspective. It should now be a fact that the great rally in early November was nothing more than traders moving the market. The evidence for that is now that things have settled the price is lower than it was prior to the start of the rally. This is not the type of pricing action that takes place during any kind of fundamental improvements. However, there is nothing wrong with traders controlling the price, it happens all the time in the stock market with companies way more liquid than Bitcoin is today.

As for last week’s action, our primary case that prices should remain elevated was not meant to be and once again we are forced to have the less likely scenarios play out in the price action. Yes, this can be very discouraging but that’s why it’s only recommended to trade with 10-20% of your Bitcoin wealth and leave this career to those who can actually watch it continuously or those with enough coins to move the market. Once the price action was not able to hold the level of the breakout at the 50-day SMA at US$375, it was over and the market fell an additional US$25+.

The long term chart is hanging on to its Bullish view by a thread and will stay that way as long as we remain above the broken descending trend line.

It should be very clear from the chart above that this breakout is very different from the one back in May and we will definitely need another week or two to determine whether it was a false breakout or the start of something going into year-end.

[segeln]

Kurz zur Visualisierung:

Der Kurs bewegt sich wieder im " Niemandsland" der Aufwärtsbewegung seit dem 3.November 2014 und dem Abwärtstrend seit Dezember 2013

Die letzten geposteten TA zeigen die Unsicherheit  der Kursbewegung und die folgerichtige Unentschlossenheit der Analysten in der Bewertung: weiter bärisch oder doch noch bullisch. Auch die Indikatoren zeigen in den TA ein gemischtes Bild

 

Bearbeitet 24. November 2014 von segeln

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Bitcoin Close to Reversing Auction Announcement Losses -

http://www.forexnews.com/blog/2014/11/24/bitcoin-close-reversing-auction-losses/#sthash.nm4WNpUh.dpuf

 

The bullish bias cited in my roundup yesterday extended to a small rally today. The break of the $365-370 resistance lead to more gains toward $380 with prices hitting a high of $384.65 two hours ago. We are currently trading just below the highs at $381 per coin. As usual, prices are quoted slightly higher on BitStamp at $385 and OKCoin at $388.

 

We are now very close to reversing the losses of the November 17th auction announcement. Bitcoin was quoted around $390 per coin on BTC-E right before the news about the auction hit the market. We seem to be repeating the pattern exhibited during the first bitcoin auction back in June, an initial sell-off followed by a market rally back to pre-auction prices. So far I can’t find any news stories/speculation about auction bids. We may need to see some confirmation articles that the submitted bids are higher then the current market price to generate a sustained move up.

The first resistance area to keep an eye on will be $400-$408. A move higher may extend the rise toward the important $454 swing high. A break above here may trigger a new bitcoin rally.

 

On the downside, a move below the $339-$350 support will likely end the current upmove and may result in more losses toward $319 per coin. 

[segeln]

Bitcoin and Litecoin Staying Resilient After Price Bottoms

http://www.fxpips.com/bitcoin-litecoin-staying-resilient-price-bottoms/

posted by  Fan Yang on

November 24, 2014 at 2:59 pm

 

Virtual currencies, Bitcoin and Litecoin are resilient as we wind down the month. Let’s take a look at their charts and assess the current upswings off the recent price bottoms.

Bitcoin (BTCUSD) 1H Chart 11/24

(click to enlarge)

Price Bottom: Bitcoin ended last week testing but failing to break below 340. It then consolidated over the weekend and popped up above 360, which formed a price bottom. As we begin the week, we saw a test and confirmation of this price bottom after which bitcoin surged even faster. Price is now above the 200-, 100-, and 50-hour simple moving averages (SMAs), and the RSI has tagged above 70, showing bullish momentum.  We also, saw price respect the 200-hour SMA as support after breaking it as resistance. This is known as the bullish sling-shot signal.
Bullish Structure: Earlier in the 11/24 session, we could have interpreted price action as a flag pattern, with bearish bias. But now, as bitcoin accelerates higher, the structure does not look corrective anymore. There is upside risk first to the 400-405 area which contains a psychological level and some common resistance. Above that, the 452 November high comes into play.

 

Bearish Continuation: At this point, a failure to break 400, and a return below 360 could revive a bearish outlook.

 

Otherwise, bitcoin has neutralized in the medium-term, and appears to be in a bullish cycle entering the week.

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Cryptocurrency Trading News: Bitcoin, Litecoin Ascending; Dogecoin Dips

http://www.forexminute.com/bitcoin/cryptocurrency-trading-news-bitcoin-litecoin-ascending-dogecoin-dips-50575

 

ForexMinute.com – Last 24 hours in the cryptocurrency market have been satisfactory, as both Bitcoin and Litecoin continues to climb the bullish ladder amid reasonable buying volume. The similar price movement could also be seen among top altcoins, where Darkcoin, Peercoin and NXT ascended comfortably amid a favorable market sentiment. Meanwhile, Dogecoin price fell extensively over the last 24 hours in an act of ‘dumping’.

Our focus now is on a marvelous report published on Bitcoin news website CoinDesk.com, which predicts Bitcoin to be bullish for a long time. According to the findings of Bitcoin analyst, Mr. Joon La Wang, the decisions of Japanese and Chinese Central Banks to cut off their interest rates might prove to be beneficial for Bitcoin. The report focuses mostly on Chinese Yuan which accounted 76% of the overall Bitcoin trading volume in the last six months. If it gets cheaper due to reduced interest rates, Bitcoin grows in value.

This growth is subsequently for every top cryptocurrency, mainly Litecoin whose price movements are mostly coupled with Bitcoin. Meanwhile, other altcoins are traded mostly on sentimental levels but they sure are to get some booty if Yuan drops in future.

BTC/USD

On BitStamp 4-H chart, the BTC/USD opened at 370 during the 11/24 trading session, after finding the price bottom around the 350 last week. Continuing to the uptrend, the pair moved north in absence of strong selling hands. During this rally, the price stayed above the daily moving average and occasionally went above the upper Bollinger band, indicating a strong buying pressure in the market. In the 16th hours, there were some price corrections that took BTC/USD down to 377 from 383. The little fall however didn’t stay for long as buying signals influenced yet another rise.

 

At press time, the BTC/USD is hovering around 392-395, sighting 400 as the next key-resistance level. The price currently is trading a non-corrective bullish channel that can only be reduced around the 400-zone, where a pullback expected.

 

If the price fails to cross above that mark, it will bring market back in the hands of bears, who will try to bring it down to as low as 360.

However, if the price manages to break above 400, then it will surely test the early November peak of 453 as the next resistance level.

The current RSI is near 70, and price is above the 200-, 100- and 50-SMA, indicating a strong bullish sentiment in the BTC/USD 4H Chart.

[segeln]

Bitcoin Price Whipsaw: What Can Ichimoku Clouds Tell Us?

http://cointelegraph.com/news/112985/bitcoin-price-whipsaw-what-can-ichimoku-clouds-tell-us

by George Samman @ 2014-11-25 02:22 PM

 

The key word of the last week has been whipsaw. This term is applied in trading circles when the price head’s in one direction, and then is quickly followed by a movement in the opposite direction. 

The price of Bitcoin has entered a period of high volatility and is whipsawing all over the place.  A few simple words here: traders beware.  It is time to be vigilant and wait for the price to resolve it itself one way or the other and form a trend before putting money to work. 

The chart below shows how hard it has been to predict the price movement as we have moved from bearish to bullish back to bearish and are now back in the cloud. 

Right now price is bumping up against the top of resistance and a break through would be a bullish signal. The Lagging Line, which is the slowest of the Lines, has yet to pierce into the cloud and confirm a bullish move; if it does, that should mean we are seeing a bullish transition forming.

Based on recent trading it would be prudent to look at other indicators to confirm the move.  The chart below shows some indicators we will use to get confirmations in the event that price breaks resistance. 

The RSI is in bullish zone despite the recent downturn and is has plenty of room to run if the price confirms to the upside.  Money Flow has been very bullish and continues to be so, as money has continued to come into Bitcoin despite all the volatility in price.

MACD is close to crossing over, which would trigger a buy signal. What’s even more significant is that MACD is now in positive territory when making the cross over, so this is another potential bullish signal. 

On Balance Volume (OBV) is trending at a low level - an upside move in price should be confirmed with a rising OBV.  Using other indicators to confirm is essential when analyzing charts particularly when we are in a period of uncertainty and waiting for signals to trade.

Conclusion

We don’t have any definite trading signals as price has created a false breakout followed by a false breakdown. The price is now back in the cloud and rubbing against resistance. The weight of the evidence leans bullish and if price confirms, a buy signal will be triggered.

In the meantime, there is no need to rush into a trade.

The price will tell us what we need to know soon enough. A price closing above the resistance level of 383.23 (we are currently at 391) would put the price back in a bullish zone and generate a buy signal.  A close below 352 would be a breach of support and a sell signal.

 

[segeln]

Bitcoin: One tick closer to a decisive move

By Mike McAra November 25, 2014

 http://www.resourceinvestor.com/2014/11/25/bitcoin-one-tick-closer-to-a-decisive-move

 

let’s focus on the charts.

On BitStamp, yesterday was a continuation of what we had seen over a weekend. Yesterday, we wrote:

The move up we saw on Saturday and Sunday was a partial confirmation of these words as Bitcoin failed to move lower and pretty much remained in the “tense” area between $350 (dashed red line) and $400. Quite importantly, the volume on Saturday and Sunday was visibly lower than on Friday and the days before. This suggests that the move up might not be the beginning of a new rally, at least not now.

The immediate environment seems to have changed to more bullish. This is all the more the case if you take into account that Bitcoin is moving away from the recent downtrend. On the other hand, we haven’t seen a breakout yet. Today, Bitcoin has moved up (this is written before 9:00 a.m. ET) but the volume hasn’t been very strong. As such, today’s action possibly brings us closer to viewing the current move as a breakout but this is still not the case.

As it turned out, volume picked up later in the day and, overall, the move ended up being relatively strong. Today is a yet another continuation of what might prove to be a new short-term trend (this is written around 8:30 a.m. ET). Bitcoin has gone up to around $390, hitting $395 earlier on. This means that we are now very close to the $400 level. This might prove to be the next resistance level, but at the same time if we see a higher close today, this would mean a third consecutive day of trading against the recent downtrend, and a possible breakout.

On the long-term BTC-e chart, the possible breakout is clearly visible. We are now getting close to $400 (dashed red line in the chart). We’re now still between $350 and $400 but closer to the higher end of that range. If we in fact see a close higher today, we might see a breakout but at the same time we have to remember that $400 might prove to be inhibitive to the uptrend. Right now, the best bet is on Bitcoin going further up but we have to remember that any plunge now could have far reaching consequences. We highlighted this yesterday:

The result of the current action might be very important for a longer time frame. This is because we recently witnessed a first higher high in months. The way things unfold now might show if the next important point is a lower low or perhaps another higher high. If this is in fact the case, we might be in for a move up of a larger magnitude in the months to come.

 

Of course, if we see a move down below $350 and possibly $300 this could trigger further selloffs. This is precisely why the current move is definitely one to look at.

This is still very much the case. Right now, the uptick in the price points to a possible resolution to the upside but this is far from certain.

 

If Bitcoin manages to close higher today, we’ll be much closer to suggesting going long. This is not the case just yet. Stay tuned.

 

Summing up, we don’t support any speculative positions at the moment.

Trading position (short-term, our opinion): no positions.

[segeln]

Cryptocurrency Trading News: Market Dips as Bitcoin Fails to Break Key-Resistance Level

http://www.forexminute.com/bitcoin/cryptocurrency-trading-news-market-dips-bitcoin-fails-break-key-resistance-level-50728

By Forexminute - Yashu Gola | Bitcoin, Cryptocurrency News, Litecoin |

Nov 26, 2014 8:30AM GMT

 

 Last 24 hours in the cryptocurrency market have been slightly disappointing as both Bitcoin and Litecoin failed to break above their respective key-resistance levels.

The pullback further created a negative sentiment inside the altcoin market, in which almost every top cryptocurrency, including Dogecoin, Counterpart and NXT, fell by notable margins. On the other hand, only the private-centric cryptocurrency Darkcoin managed to stay neutral amid an overall bearish sentiment.

In the meantime, the cryptocurrency market was full of optimistic events taking place all around the globe. Today, the Australian Senate held the first-ever meeting in regards to their upcoming digital currency regulations. While in the US, renowned forex trading exchange Nadex announced to launch regulated Bitcoin Binary Option contracts. These events clearly proved the greater momentum at which cryptocurrency technology is advancing.

BTC/USD

The BTC/USD opened at 381 on BitStamp 4-H chart during the 11/25 trading session, while reversing from the lower low of 377. The price advanced cautiously amid a notable bullish presence, and touched the intraday peak of 393 during the 8th UTC hour. As you can notice the peak, it clearly lies in an overbought region, right above the upper Bollinger Band.

 

The bears took this rally as a selling opportunity, which ultimate resulted into a pullback and price began to fall. At the end of the day, the BTC/USD was priced around 375.

The price is now trying to float above the psychological resistance level of 365-370, whilst bears are trying to take it down below the 360-support line. If a continuously downtrend occurs, then there might be a chance that BTC/USD falls below the 360-line, where a long-term bearish outlook lies, resilient only towards the 350-wall.

 

For now, the bulls have to watch for the 365 mark to reverse the price towards the previous upside risk of 400-410 area.

The price is currently above the 200-, 100-hours SMA, while is just a little short of 20-, and 50-hours SMA. The RSI meanwhile is floating around 44-46.

 

This overall readings indicates a neutral sentiment in the market, meaning price could move wherever the wind takes – bullish or bearish.

[segeln]

Bitcoin Trading- BTC/USD Technical Analysis, Nov 25: BTC facing uphill battle in $380’s

By Leon Pick on

November 25, 2014

in Trading

 

http://dcmagnates.com/bitcoin-trading-btcusd-technical-analysis-nov-25-btc-facing-uphill-battle-in-380s/

 

Bitcoin (BTC/USD) has had a tough time navigating the $380’s, falling hard to $375 earlier today after just barely making it to $389. After a slight bounce, BTC has now broken the low to $373 and looks poised to fall back below $370.

BTC still remains safely above its 50-day moving average (MA), still at $360. But hopes of breaking through the tougher barriers and establishing stable footing have not yet materialized.

Zooming out to a long-term view, one observes the uncertainty as to BTC’s next major move. Its latest peak ($450) in mid-November exceeds that of the previous month. Similarly with its lows, which have come in successively higher during the past three months. But the $450 peak seemed artificial, and the latest 4-day rally appears to be running out of gas, suggesting a possible end to the pattern.

[segeln]

Security Concerns Still Haunt Bitcoin

http://www.dailyforex.com/forex-technical-analysis/2014/11/Security-Concerns-Still-Haunt-Bitcoin-November-26-2014/37159?utm_expid=3673405-7.v9TXkD4lS1aCSQjYnNh02w.0&utm_referrer=http%3A%2F%2Fwww.dailyforex.com%2Fforex-technical-analysis%2Fbitcoin-forecast%2Fpage-1

Technical Analysis

BTCUSD is currently trading marginally down at $375.02. Its rally in yesterday’s trading session did not last long and slowly fizzled out. When looking at the chart above, the BTC/USD has strong support near $341, while momentum indicators like the MFI are showing that it is moving downwards.

 

[Der ,,Money Flow Index (MFI)" versteht sich als eine Art ,,Momentum"-Volumen-Indikation, wobei hier die Stärke des Volumens gemessen wird, das in den Basistitel hinein- bzw. von dort herausfließt. Schließt der Basistitel in der Nähe des Tageshochs, wird im ,,Money Flow Index" davon ausgegangen, dass Kapital in den Basistitel hineinfließt. Wenn der Basistitel in der Nähe des Tagestiefs schließt, wird dementsprechend unterstellt, dass Kapital aus dem Basistitel abgezogen wird. Daher wird zunächst festgestellt, ob sich der Basistitel im Vergleich zum Vortag erhöht oder ermäßigt hat, bevor eine Multiplikation mit den Umsätzen stattfindet. Ein steigender ,,Money Flow Index" zeigt somit Aufwärtstrends an, ein fallender analog Abwärtstrends. ]

 

 

Actionable Insight:

Sell the BTC/USD below $373 for target of $360, $366 with a stop-loss of $376.5.

Bearbeitet 26. November 2014 von segeln

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Bitcoin Trading Little Changed as Range Narrows By Petar Kotevski on Nov 26, 2014 07:36:03 GMT - 

http://www.forexnews.com/blog/2014/11/26/bitcoin-trading-little-changed-range-narrows/#sthash.xBVAVkz6.dpuf

 

Bitcoin is trading little change today. Prices opened at $371 and after a very small move to $374 we fall back down to a low of $362. We are currently quoted just below the $365 mark at $364.80. Prices are higher on OKCoin at $369 and BitStamp at $367 per coin. Here’s a one hour chart of the last few days of price action on BTC-E.

 

 

We have formed a small support near $362, part of the larger $365-$370 support area. While a move lower could extend the losses, the fall could be limited because the $350 support area is close by.

 

However, a break below the swing high at $339 could lead to more red toward $319 per coin.

 

On the upside, there is some weak resistance at yesterday’s high near $390. Further up, the $400-$408 resistance area will provide a hurdle for the bulls.

 

If prices manage to break $408, we could see an extended move toward $450. Even higher, the $454 high will likely be a crucial milestone for BTC. A move above here could lead to a new bitcoin rally.

 

Today’s range was only $12 dollars, much smaller compared to yesterday’s $31. Market participants may be hunkering down in a ”wait and see” mode ahead of Bitcoin Black Friday and the December 4th auction deadline. In other news today, European bitcoin exchange Kraken was selected by the MtGox trustee to aid in the liquidation and investigation process. The main tasks Kraken will focus on will be investigation of the lost BTC, help to distribute Bitcoin or fiat assets to creditors and when needed, exchange Bitcoin to fiat currency. The CEO of Kraken, Jesse Powell, had this to say on the matter: -

 

We’ve decided to volunteer our resources and expertise in an attempt to minimize damage to creditors, restore faith in the Bitcoin community, and demonstrate trusted leadership in the industry” -

 

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Bitcoin Trading Lower as it Faces Tax Regulations

By Forexminute -  |

Nov 27, 2014 10:54AM GMT

http://www.forexminute.com/forex-news/bitcoin-trading-lower-faces-tax-regulations-50829

 

 

 

Leading industry experts are considerably upset with the Australian Finance Ministry after they expressed interest in considering Bitcoin a commodity in order to levy a tax. Many in the Bitcoin community feel that such regulations will surely hamper the crypto-currency’s growth in Australia and may force individuals and companies to take their businesses overseas. This will prevent Bitcoin from developing into an enriched asset that can enable transactions from anywhere around the world.

When looking at the daily chart for the BTC/USD, one thing that is bothering many analysts is the fact that the digital currency has been unable to sustain itself above the $373 level. In the overnight session, the BTC/USD traded above that zone for most of the trading session but was met with heavy selling pressure at higher levels which drove prices below $373 an additional time.

In today’s morning session, the BTC/USD continues to trend lower, with its next support level coming at approximately the $353 level, which happens to be the upward sloping trend-line from its recent lows. It is imperative to state that the BTC/USD is still trending below its important daily moving average. Furthermore, its stochastic oscillator is on the verge of giving a sell signal, which will indicate that its momentum is shifting towards the sell side. Lastly, the BTC/USD’s relative strength index, is giving a sell sign and is continuing to trend lower, exhibiting no inherent strength.

 

Actionable Insight:

 

Short the BTC/USD at current levels for an intermediate target at $321, with a strict stop-loss above $378.

 

Long the BTC/USD if it moves above $381 for an intermediate target at $430, with a strict stop-loss below $353.

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Cryptocurrency Trading News: Bitcoin, Litecoin Waiting for Bullish Corrections

By Forexminute - Yashu Gola  |

Nov 27, 2014 10:31AM GMT

http://www.forexminute.com/bitcoin/cryptocurrency-trading-news-bitcoin-litecoin-waiting-bullish-corrections-50823

 

ForexMinute.com – Last 24 hours in the cryptocurrency market saw both Bitcoin and Litecoin struggling to revive its previous bullish sentiment. The moderate buying pressure inside their markets was further reflected in other top coins, which remained on a downside throughout the November 26th trading session, barring Ripple (XRP) and Stellar (STR) that rose superficially amid strong pumping.

The short-term prospects of Bitcoin doesn’t look good until price finds a solid support level. The same can be said for the rest of the market, which will mostly be relying on the performance of Bitcoin in next few hours, or days. There are a number of events that could also play a major role in price movements in coming days, mainly Bitcoin Black Friday Sale and the upcoming auction of 50,000 Bitcoins seized during the Silk Road bust.

BTC/USD

On 4H BitStamp chart, the BTC/USD opened at 375.90 during the 11/26 trading session after pulling back from the previous bull-run. The pair continued to go down, and in the process, crossed below the daily moving average, thus indicating a near-term bearish sentiment in the market. At press time, the BTC/USD is trending sideways amid low trading volume.

As the BTC/USD continued to go south, it will stay in a short-term bearish outlook. For anything significant to happen, the pair really has break below the previous strong support line of 350. There the negative breakdown point will be around 335.

 

In case the price manages to reverse its trend around the psychological support level of 365, it will once again sight the 390-400 as the upside risk.

A break above that level might be able to guarantee a long-term bearish outlook, otherwise the market will keep jumping inside 350-395 area.