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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press >  [2015-10-26]Bitcoin Price Technical Analysis – Uh Oh, Lower Highs…
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Proxiebuier (OP)
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October 27, 2015, 12:44:26 PM
 #1


  • Bitcoin price has been trending higher on the short-term time frames but a reversal may be brewing since the rally has weakened. 
  • Price formed lower highs, suggesting that buyers are starting to lose steam and might not be able to sustain the climb any further.
   
Bitcoin price is on its way to test the ascending trend line on the 1-hour chart once more, with a downside break likely to indicate that a selloff will take place.
Bearish Divergence Seen?


http://www.newsbtc.com/2015/10/27/bitcoin-price-technical-analysis-uh-oh-lower-highs/
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October 27, 2015, 03:42:51 PM
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A one hour bar chart?

I guess this isn't someone who has been tracking Bitcoin extensively. I personally like the 240 minute, when we're slow and sideways, you can still discern a trend. A one-hour chart seems too little resolution to really conclude anything. Also, we rallied since he posted his "uh oh doom" analysis.
fortitudinem multis - catenum regit omnia
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