A Repeat Of February? Watch Out For These Bitcoin Price Levels In March
The Bitcoin price performance was quite disappointing over the past month. The flagship cryptocurrency has struggled to break sustainably above $70,000 throughout February, with prices only reaching $71,000 before facing sharp reversals. It, then, becomes intuitively evident that this price region might be a key level acting as resistance to Bitcoin’s bullish attempts. Below are […]
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In this morning's bitcoin price watch piece we highlighted the levels that we were keeping an eye on throughout today's European session. Action has now matured throughout the day and - at a time when global markets are breaking to the downside - there has been plenty of volatility in the bitcoin price. As we head into a fresh Asian session, what are the levels we are watching tonight, and where will we be looking to get in and out of the markets according to our intraday strategy if we get a repeat of European volatility? Take a quick look at the chart. As the chart shows, action today....
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
A repeat transaction to Binance of 125 million USDT sees one trader follow suit into Bitcoin, with BTC/USD yet to react at the Wall Street open. Bitcoin (BTC) could be set for a repeat of this week's run to weekly highs after Blockchain protocol Terra appeared set to buy another $125 million of BTC.A wallet thought to belong to Terra but not officially confirmed to be under its control sent another 125 million Tether (USDT) to Binance on March 23.Rinse and repeat for 5.6% BTC price gains?The Bitcoin price narrative gained a new player this week after Terra co-founder Do Kwon let slip about....
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....
The end of the European session is here, and it’s time to take a look at action in the bitcoin price today with a view to setting up a strategy for this evening. We got a bit of volatility earlier today, and managed to get in on a downside break for a quick scalp profit. Whether we will get a repeat of this volatility moving forward remains to be seen – there’s not been too much to speak of across the last few hours, and volume has been pretty weak. This may change as the US session heats up pre-close, and as the Asian session kicks off early morning. With that said, we’ve got a pretty....