Bitcoin Price Watch - Coiled Spring...

Bitcoin Price Watch - Coiled Spring...

A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....


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Bitcoin Price Watch - Bears Holding Firm

Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....

Mt. Gox Subpoenaed By Federal Prosecutors in New York

The drama continues to unfold when it comes to Tokyo-based Mt. Gox. The Wall Street Journal is reporting that federal prosecutors in the state of New York have subpoenaed Mt. Gox. The news comes from an individual familiar with the matter, according to WSJ. The subpoena was reportedly sent to the exchange this month, and mandated the preservation of documents and other items not described. This evening we learned that Jon Fisher, a consultant, interviewed Gox CEO Mark Karpeles, in which he confirmed a crisis strategy report was "more or less" legitimate. The report indicated the company....

Bitcoin Price Watch: The Weekend Ahead...

A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....

Bitcoin Price Watch: Volatility Rules!

At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....

Bitcoinist News Round Up

Bitcoin Price and the 700 BTC sell wall. If you have been following Bitcoins price, you have noticed that it’s risen from its price of around $450 to as of now, around $580. This is a 33% increase in price and the sudden explosion of growth as many people scratching their heads. One of the most prominent news that first got things in the motion was the buying of a 700 bitcoin sell wall. In layman terms, this means someone had a order of 700 Bitcoins for sale at a certain price. This means that the price cannot increase, effectively a ceiling. Now that that’s out of the way, the prices been....

Quotes

Virgin Galactic is a bold entrepreneurial technology. It's driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency.

Sir Richard Branson, Founder of Virgin Records, Virgin Galactic, and 400+ other businesses