Bitcoin Price Weekly Technical Analysis (2-8 March) - On your marks, get set, go.....!!
Last week, bitcoin price rose from around $260 all the way upwards to print a high of around $294. We predicted during last week's analysis a bullish run, yet we expected the bullish wave to be strong enough to push the price up to $300. The bullish wave that controlled the market last week led to a new rising support level. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can notice the following: Since the bullish wave started on the 27th of February, we have been witnessing a....
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Bitcoin has failed to latch onto the weekly high of $466.64, coming down swiftly to $442.38 in a week dominated primarily by the first US interest rate hike in almost a decade. Interestingly, the cryptocurrency failed at the same level in the previous week also. As the week comes to a close on a relatively weak note, it might provide the bears with a much-needed impetus to make Bitcoin less expensive. Image. We will discuss today the weekly BTC-USD price chart from the Bitstamp exchange. The picture is very similar to what we observed in the previous weekly price technical analysis of....
The Bitcoin price struck the primary target at $412 during Thursday's US trading session. Technical analysis considers the potential paths for the Bitcoin price from current levels. Bitcoin Technical Analysis. Yesterday's low printed as follows: Bitstamp: $407.94. BitFinex: $408.80. BTC-e: $400.23. BTC-China: 2,516 CNY. Weekly Bitcoin Price Chart. Looking at the long-term weekly Bitstamp chart, it seems like the decline could simply continue dropping toward zero. However, look at the indicators. RSI (middle frame) is reverse diverged - meaning the indicator low is not confirmed by price.....
Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Now at $441, Bitcoin is close to registering the highest weekly closing of 2015. As the cryptocurrency remains in the strong grip of the bulls, speculators are creating even more bullish positions. But have they pushed Bitcoin into the danger zone? Is a correction in the offing? Let us try to predict that by conducting a technical analysis on the weekly BTC-USD price chart taken from the Bitstamp exchange. Image. Bitcoin Chart Structure. As can be seen from the chart above, Bitcoin is trading in a strong higher-top, higher-bottom structure. The cryptocurrency has breached the resistance....
As a follow up to last week’s higher-level overview, this week we will take a closer look at Bitcoin’s price and introduce a Daily Pricing Chart. Before diving right in, it’s strongly recommended for the readers to take a look at Investing 101: How to Predict Bitcoin’s Price. Armand Tanzarian makes several good points that anyone trading with a high emphasis on technical analysis must keep in mind. This weekly series is meant strictly as a guide and NOT a short term trading tool, which is why we will have a bigger focus on longer time frames. We will also attempt to educate readers that....