BITCOIN TRADING IN A PRESSURE COOKER

Bitcoin Trading is generating zig-zagging price waves in the $200-$220 range. The sideways correction is ongoing as leveraged traders take advantage of the lucrative range-bound action. Meanwhile, at the larger daily timeframe, a combination of technical indicators have emitted a welcome trade signal.
This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here.
Bitcoin Trading and Price Analysis
Time of analysis: 15h10 UTC
Bitfinex 15-Minute Chart

This post was published at Crypto Coins News on January 22, 2015.