Bitcoin Price Tests Range, Fails: Now What?
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching throughout today's session, and suggested how we might respond to price reaching or breaking these levels as far as getting into a trade on our intraday breakout strategy was concerned. We noted that - despite some fundamental drivers out of Europe - the bitcoin price had remained relatively flat over the last few days, since its spike and decline on Sunday - Monday. So, with this said, what are the levels that we are watching during this evening's Asian session, did we get any action today....
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The Bitcoin price (BTC/USD) is heating up right now and is at $254 (at press time) on Bitstamp and breaking through new trading ranges. The steady climb upwards has seen the currency gain over 11% since last month’s consolidation at USD $240-245 levels, with some slight variances. After a run of levels in the $220-225 tests, the cryptocurrency has been....
Key Highlights. There was no major move noted in Dogecoin price, and it looks like it is trading inside a range plus waiting for a catalyst for the next move. Range resistance is around 42.0 Satoshis and the support lies around 36.0 Satoshis. There is a sharp divergence noted in the hourly RSI (price feed from HitBTC) that fails to match the current price action. Dogecoin price continued to move inside a tiny range. A break on the either side may ignite some volatility moving ahead. 42.0 Satoshis as a Resistance. We had a look at the daily timeframe chart of Dogecoin price yesterday and....
Ethereum has been testing the $2,300 price resistance range during the recent market recovery posed by the market. Total crypto market capitalization has seen gains of 2% over the past 24 hours. This translates to about $70 billion in market cap gains over the last day. This new recovery comes in light of the news […]
In the previous Litecoin price technical analysis Flat Action, we discussed that if Litecoin fails to cross the resistance posed by the level of $3.160, it runs the risk of entering into a range. As can be seen, Litecoin has plummeted 4.44 percent to $2.907 as traders resorted to profit taking near the resistance. Another factor weighing on Litecoin is the weakness in the Bitcoin market. However, the good news is that Bitcoin is now close to its support level of $235. Values from the technical indicators overlaid on the daily LTC-USD price chart also suggest that there is an increased....
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