Bitcoin Price Watch: Bullish Momentum to Return?
Yesterday evening we published our thoughts on the bitcoin price movement we had seen throughout the day on Tuesday in our twice-daily bitcoin price watch piece. We noted that there has been a considerable amount of upside momentum throughout the day, and that managed to enter and exit on this momentum to draw profit from the market according to our intraday scalp strategy. Now action has matured overnight, and the European session is about to kick off for a fresh day of trading, what are the levels we are keeping an eye on now, and where will be looking to enter on today's action? Take a....
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Yesterday afternoon, we got a little bit of bullish momentum in the bitcoin price, during European session, and - in our twice-daily bitcoin price watch piece, we suggested that this upside momentum may spark the beginning of a longer-term reversal, and present us with some more solid bullish action as the week progressed. We highlighted a couple of levels would be keeping an eye on, and - now price has matured - we can see that while these levels held for a period, they have since broken and it looks as though - during today's session - we're going to get a return to the overarching....
Towards the end of last week, we published an article that outlined the intraday action in the bitcoin price, and suggested that we may see some bullish momentum as we headed into the weekend. Action throughout Saturday and Sunday has validated this suggestion, and the bullish run early Monday morning (GMT) has culminated in a classical technical charting pattern that - once again - hints at further upside. This said, what are the levels to watch as we head into the European open? Let's take a look. The aforementioned bullish run topped out just shy of 280 flat, before correcting about....
Here's what we are looking at in the bitcoin price as we head into the weekend. In this morning’s analysis, we discussed the reversal of the overarching bullish momentum we had seen in the bitcoin price overnight, and suggested that it might just be corrective and – in turn – we could see a return to the upside throughout the Friday European session. While the bitcoin price remains within the range we defined earlier, action this afternoon has brought us to trade just shy of resistance, and it looks like we may get some further upside as we head into the Friday evening session and beyond,....
If you read this morning's twice-daily bitcoin price watch piece, will be more than aware that we address the relative inactivity in the bitcoin price we've seen throughout the last couple of weeks, and our resulting difficulty as far as getting in and out of the markets according to our intraday breakout strategy has been concerned. We've not really had enough volatility to reach our pre-slated targets, and have - as a result - we chopped out for small losses are a number of occasions. We hope that today's action would bring a return to the volatility we enjoyed over the last couple of....
Bitcoin price got a boost from fresh concerns in the UK financial sector, leading traders to price in more uncertainty. Bitcoin Price Key Highlights. Bitcoin price appears to be showing a return in bullish momentum as it bounced off a nearby support zone. Bitcoin seems to be on track towards climbing to the top of its ascending channel on the 1-hour time frame. For now, price is still hovering around the mid-channel area of interest, waiting for a stronger surge in bullish momentum. Technical Indicators Signals. The 100 SMA is still above the 200 SMA so the path of least resistance is to....