Bitcoin Technical Analysis: BTC/USD worrying narrow daily range
05/16/2019, 04:43:05
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Spot rate: 5134.85 Relative change: -1.50% High: 5189.26 Low: 5073.04 BTC/USD 60-minute chart Price action via the 60-minute chart view appears to be

  • Bitcoin price in the second half of Monday is nursing steep losses of some 1.5%, as the price continues to lack any upside momentum. 
  • BTC/USD daily price action is narrowing greatly within a tight range-block, seen over the last four sessions. 
  • Given the narrowing/consolidation modes after the brutal fall between 24-25th April, vulnerabilities remain tilted to the downside. 
  • Bitcoin price in the second half of Monday is nursing steep losses of some 1.5%, as the price continues to lack any upside momentum. 
  • Bitcoin price in the second half of Monday is nursing steep losses of some 1.5%, as the price continues to lack any upside momentum. 
  • BTC/USD daily price action is narrowing greatly within a tight range-block, seen over the last four sessions. 
  • BTC/USD daily price action is narrowing greatly within a tight range-block, seen over the last four sessions. 
  • Given the narrowing/consolidation modes after the brutal fall between 24-25th April, vulnerabilities remain tilted to the downside. 
  • Given the narrowing/consolidation modes after the brutal fall between 24-25th April, vulnerabilities remain tilted to the downside. 

     

    Spot rate:                5134.85

    Relative change:     -1.50%

    High:                       5189.26

    Low:                        5073.04

     

     

    BTC/USD 60-minute chart

    BTC/USD 60-minute chartBTC/USD 60-minute chart
    • Price action via the 60-minute chart view appears to be a bearish flag pattern, subject to a breakout lower. 
  • Price action via the 60-minute chart view appears to be a bearish flag pattern, subject to a breakout lower. 
  • Price action via the 60-minute chart view appears to be a bearish flag pattern, subject to a breakout lower. 

    BTC/USD daily chart

    BTC/USD daily chartBTC/USD daily chart
    • Price is running at its fourth consecutive session in negative territory, as the bears maintain control. The bullish pennant structure was not capitalized on by the bulls. 
  • Price is running at its fourth consecutive session in negative territory, as the bears maintain control. The bullish pennant structure was not capitalized on by the bulls. 
  • Price is running at its fourth consecutive session in negative territory, as the bears maintain control. The bullish pennant structure was not capitalized on by the bulls.