Bitcoin Price Breaks Upside: Can we get a run up?
Earlier this morning we published our twice-dailybitcoin price watch piece to highlight the levels that we were watching in the bitcoin price throughout Tuesday's European session. The session has now come to a close, and we have seen quite a lot of volatility as action has matured throughout the day. With this said, do we expect this volatility to continue through to this evening, and how will we be looking to get into the markets if it does? Take a quick look at the chart. As you see, having bounced from floors of 234 earlier this morning, the bitcoin price gained strength to break what....
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Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance. The pair lately tested it twice for an upside breakout, but with no success. The TradingView […]
There is a 75 percent possibility that Bitcoin breaks bullish out of its ongoing consolidation pattern. According to independent analyst Vince Prince, the benchmark cryptocurrency is making “marginal” upside movements in an Ascending Channel structure. That has left it with two possible outcomes. First, Bitcoin consolidates inside the Channel while breaking below the “Ascending Trendline”; Second, it stays above the Trendline and later breaks out of the range altogether. Mr. Prince favored the second outcome. […]
Here's a look at what we are focusing on in the bitcoin price this morning. It seems price is teasing us a little at he moment. Just as we get up to the region around which we can start targeting the 800 flat mark as an initial upside target and – beyond that – use it as resistance, the bitcoin price breaks to the downside and we get a correction to spoil the party. Overnight action did just that. Those who read last night’s coverage will know we were looking at one final upside run ahead of an 800 target, and that price looked like it might well make that run before we got back to the....
Here's what we are looking at in today's bitcoin price markets, with targets, stops and entry levels defined. Sometimes, when we publish or analysis, things go wrong. More often than not, things go in our favor, and we are able to draw a profit form the markets buy setting up against either side of action and crossing our fingers. Every so often, things go exactly to plan. Yesterday afternoon, we got the latter. It came at a welcome time, as well. We’ve had a pretty tough week in the bitcoin price this week, with action initially remaining relatively stagnant and then going on to chop us....
As most reading this will be aware by now, we produce a twice-daily intraday bitcoin price watch piece focusing on short-term scalp trades with the potential to take advantage of intraday volatility. Yesterday, we covered the fact that we entered on a break out trade to the upside, and carved out a few fresh levels to keep an eye on as we headed into today's session. So, with this said, and now price has matured overnight, what are the levels we are watching during Thursday's European session, and how might respond to any volatility and the breaking of these levels? Let's take a look. As....