Bitcoin

Bitcoin $BTC Technical Analyses – Weekend Edition

Weekend Technical Analyses: June 15 to 17 2018

For the weekend we offer a roundup of the top ranked or popular bitcoin technical analyses. Topping out the list are analyses from fxstreet.com, hacked.com and investing.com:

FXStreet Analysis

View: Bearish
Bearish

Tap/click for detail:

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Ken Chigbo of FXStreet writes “BTC/USD bear pressure not over”.

FXStreet Indicators
Overbought/oversold index is neutral. Volatility index is low. Forecast bias is bullish, which differs from Ken Chigbo’s bearish view.

Dated: 11:38 GMT Friday June 15 2018

Analysis tools
In his analysis Ken refers to: spot rate, relative change, high/low, supporting channel pattern, trend, Fibonacci.

Complete Analysis
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-technical-analysis-btc-usd-bear-pressure-not-over-as-it-continues-to-struggle-within-the-6500-6600-area-price-toying-with-near-term-channel-support-to-the-downside-201806151138

Hacked.com Analysis

View: Bearish
Bearish

Mate Cser of Hacked.com writes “Crucial Support Levels Fall”, “the plunge of Bitcoin and major altcoins sent shockwaves throughout the segment, pushing several majors, like BTC, DASH, Monero, and NEO to multi-month lows.”

Bitcoin Bitstamp
Tap/click for detail:

Dated: June 13 2018

Analysis Tools
In their analysis Mate Cser refers to: trend, outlook, major coins, rally attempt, selloff, relative weakness of bitcoin, oversold, support, resistance, key level, setup

Complete Analysis
https://hacked.com/technical-analysis-bitcoin-trades-at-6500-as-crucial-support-levels-fall/

Investing.com Analysis

View: “recovery” or “decline” (no opinion)

Tap/click for detail:

Weekly Crypto Performance

Investing.com reports all green numbers for crypto over a weekly period.

On Investing.com Ed Anderson of FxPro Financial Services Ltd writes “Cryptocurrencies got a lift from some positive news after a week of continued declines”.

Dated: Jun 15, 2018 09:35AM ET

Analysis Tools
Ed Anderson in his analysis refers to: support, retracement, resistance, recovery, decline & continuation.

Complete Analysis
https://www.investing.com/analysis/btcusd-and-ethusd-analysis–june-15-2018-200325216

Tradingview Analysis

View: Bearish
Bearish

On TradingView.com user Excavo writes “Yes, it’s downtrend now.” and “reached support zone and support yellow line. And now I see many variants of the figure head and shoulders”.

Excavo’s Idea
Tap/click for detail:

Dated: Jun 14

Analysis Tools
In their analysis Excavo refers to: “downtrend, corrections, support zone, rally, big money, bottom, entry point and exit point, figure head and shoulders, fibonacci levels”

Complete Analysis
https://www.tradingview.com/chart/BTCUSD/xi4On25K-Bitcoin/

Summary: Weekly Outlook
Bearish
Of those who expressed an opinion of where the bitcoin market will go, all were bearish.

Thanks for reading! 🙂


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