Bitcoin Price Breakout!
Bitcoin price has been trading sideways for days, and the question on traders' minds was: "To which side will price break out?". xbt.social analysis has been making a case for the upside. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h50 UTC. BTC-China 1-Day Chart. From the analysis pages of xbt.social, earlier today: The daily BTC-China chart has support and resistance levels drawn in grey. The path of the 200-day moving average....
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Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....
Here's a look at what we are focusing on in the bitcoin price this morning. Well, we asked for a bitcoin price breakout, and a breakout we got. The chart below illustrates it nicely, and we’ll get to that and our key levels shortly, but first, a bit of background. Price has been relatively flat for the past week or so, trading sideways within a circa ten dollar rage defined by 740-750 or thereabouts. In our twice daily analyses, we’ve noted on a couple of occasions that there’s only so much sideways trading we can do, and price generally coils up for a breakout when action looks as it did....
Here's what we are looking at for tonight's bitcoin price intraday strategy. Range, breakout and stops/targets included. We’re going to kick of this analysis a little differently than normal. We are in a live trade based on an upside breakout a little earlier on today, and as such, our strategy dictates that we shouldn’t be looking to enter any further trades until this one resolves – be that through a stop loss hit or a target take out. The latter of the two is looking more likely as things stand, but as we’ve seen over the last few weeks in particular, the bitcoin price space can be....
Here's a look at what we are focusing on in the bitcoin price this evening. Price has been especially active over the last few days, and we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intraday strategy have come in to play (those of you who have been with us for a while will know how rare both of these strategies are active, and more specifically, effective, at the same time) and it’s given us an opportunity to get in not just on upside and downside breakout volatility, but also some reasonable....
Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the […]