Bitcoin Price Ranges: 300 Still valid
Yesterday afternoon we published this piece outlining the day's action in the bitcoin price, alongside the potential future action as we headed into Tuesday evening and beyond. Having matured overnight, the bitcoin price has held a range within a downward sloping triangle frame, very similar to what we saw at the same time a day earlier. Now, as we head into the European open on Wednesday, what can we expect from the BTCUSD going forward? Let's take a look. The first thing to notice is the aforementioned triangle. having hit highs just ahead of 297 yesterday afternoon, the BTCUSD corrected....
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On-chain data shows Ethereum has just 66% of its holders in profit despite the 21% rally the cryptocurrency has seen over the past week. Ethereum Holders In Profit Still At Relatively Low Level According to data from the market intelligence platform IntoTheBlock, the recent downturn in Ethereum has significantly affected the profitability ratio of holders on the network. Related Reading: Bitcoin Investors Again Show Extreme Fear As BTC Slips To $59,000 In the drawdown, the ETH price had slipped from the $3,400 high near the end of July to the $2,100 level about a week ago. Since then,....
Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain demand zone. Demand zones refer to price ranges where many investors last bought their coins. These ranges can be determined through on-chain analysis, as the average cost basis of each address on the network can be readily....
The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas COMP price ranges in an asymmetric triangle with high buy orders. The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT). Despite the fact that the crypto market is in a state of flux, the Compound (COMP) price has shown tremendous strength as it attempts to break out of its trading range. (Data from Binance) Related Reading: PoW Tokens Take A Hit: Ravencoin....
Bullish price activity has tipped the total value of ETH locked into Ethereum 2.0 past $2.4 billion.