Bitcoin Price Rising on Good Volume (Update for ATR indicator)
The Hourly Bitcoin price on Bitstamp: ignoring the wicks gives the appearance of a possible bullish flag. Since my last update, the Bitcoin price fell down the stairs, rolling then bouncing at the 820 and 800 levels I mentioned. Price then sunk all the way to the 765 danger level I sign-posted as bear territory. Bears left brief clawmarks at that level before bulls emerged to chase price back up. Looks like we're now back to the middle of the channel, and sideways remains the direction. The question is whether this latest move will spark a trend that carries us higher for another bash at....
Related News
2013-12-24: Bitcoin price is meeting the downward trendline. In the above daily chart of the Bitstamp Bitcoin price in USD, we've got blue and purple volume bars semi-visible in the background. Also shown are the Fibonacci levels, a downwards trendline, a tentative channel and the MACD indicator. For an explanation of the Fib levels and MACD indicator, please see the 1st section of my previous post. I've switched to using the Bitstamp price instead of the Gox price. The exchange I intend to trade on uses the Bitstamp price for reference. This link should take you to the exact chart I'm....
Data shows the Bitcoin spot trading volume has once again come back down to normal values for 2022 after the big surge recently. Bitcoin Trading Volume Falls Back Down To Values Around $4 Billion As per the latest weekly report from Arcane Research, the Bitcoin trading volume has plummeted back down after the recent high values. The “daily spot trading volume” is an indicator that measures the total amount of Bitcoin moving on the chain on any given day. When the value of this metric goes up, it means the number of coins changing hands on the network is increasing. Such a trend....
Bitcoin price continued rising earlier today to print a high of $350. The buying volume of the market is rising as reflected by the market's volume depth graphs on bitfinex and bitstamp. It seems that bitcoin price will continue rising during the next few hours to test again the %23.6 retracement level at ($341) according to the Fibonacci retracement we plotted on our analysis on the 12th of November. Bullish Candlesticks on the 1 Hour Charts: By examining the 1 hour (BTC/USD) charts from Bitstamp (look at the below chart), plotting the Bollinger bands and executing the William's Alligator....
Bitcoin price increased yesterday to print a high of around $285, yet today's trading started by an increase in the selling volume which pulled the price downwards to around $271 at the time of writing of this analysis. It seems that bitcoin price will resume rising within a few hours to attempt approaching the $300 level. By examining the 4 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart), we can conclude the following: Since the 27th of February, bitcoin price has been closing on higher lows every day.....
Data shows the weekly average Bitcoin trading volume has stabilized around the same lows as July 2021 as market activity remains low. Bitcoin Trading Volume Has Stayed Low In Recent Weeks According to the latest weekly report from Arcane Research, the BTC trading volume has sunk down to July lows recently. The “trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the chain in a day. When the value of this metric goes up, it means investors are moving a higher number of coins right now. Such a trend suggests the market activity is going....