Bitcoin Price Gains, Breaks: Range Trade Potential?
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....
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This morning we published our twice-daily bitcoin price watch analysis piece. In the piece, we speculated that - while we had seen some volatility overnight in the bitcoin price - we may get the breaking of a range during today's action, and if so, we suggested a couple of the levels we would be keeping an eye out for as far as potential medium-term intraday targets were concerned. Action has now matured throughout Friday's session, and we are heading into the weekend. What are the levels we will be looking for this evening, and how might we draw profit from the market before the start of....
Here's a look at what we are focusing on in the bitcoin price this morning. We’ve come to the end of the week, and it’s been a pretty boring one from an intraday perspective. The bitcoin price doesn’t seem to want to breakout of a circa ten to twenty-dollar range, and this has proven difficult to navigate using our relatively tight intraday range on the five and the fifteen minute charts. Last night we suggested we could go at things with an intrarange approach to try and diversify away from just using our breakout scalp approach, but it didn’t make too much difference. During the Asian....
Ripple (XRP) has had a tough time producing double-digit gains against tether (USDT) as prices continue to range with little or no movement in recent times. The crypto market in its early days saw prices of altcoins surge as most coins rallied with considerable price gains, but that can not be said of Ripple (XRP). (Data from Binance) Related Reading: Chainlink Integrates New Tech, And It’s Going Green – Healthy For LINK? Ripple (XRP) Price Analysis On The Weekly Chart The price of XRP has had a tough time maintaining the bullish momentum it has shown in recent months as the price was....
Bitcoin price continued on Sunday as it had done on Saturday: quiet trade in a $4 range. Today’s price action seems to be coiling up for a larger move. Another quiet day in the bitcoin price chart with price hugging the 200-hour moving average. Volume remains low but the additional onset of low volatility within a narrow price range gives the impression that a larger move is building pressure in the chart. Longer term constraints remain $449 (Bitstamp) and the horizontal resistance zone up to $470. The price action since Thursday 12th April resembles a base pattern and a Fib extension tool....
Here's what we are looking at trading in the markets this evening, alongside a look at our latest bitcoin price live trade. The Wednesday session is drawing to a close in Europe, and it’s time to take our second look at what the markets presented today, and in turn, use this action to put forward a potential trading strategy as we head into the US afternoon, and beyond that, into the Asian session this evening. In this morning’s bitcoin price analysis, the primary focus was a very tight range, which we said we would use to scalp the bitcoin price, on any breakout action. The range was only....