Bitcoin Price Gains: Volatility at Last!
Last night we published our twice-daily bitcoin price watch piece, and dedicated a large portion of it to the suggestion that the bitcoin price had stabilized somewhat over the past couple weeks, and - as a result - the number of opportunities for entry and exit had subsided. We further suggested that as we entered the Asian session on Thursday evening, and beyond that, approached a fresh European session on Friday morning, we may see some volatility based on any number of fundamental drivers. As it happens, we did get some action overnight, and we have finally broken out of the range we....
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Here's what we are looking at in the bitcoin price this evening from an intraday perspective. It’s that time of the day again, as the European session draws to a close and the US afternoon kicks off. Volume generally picks up a bit around this time, and with this added volume will often come a bit more volatility. In anticipation of this volatility, let’s take a look at what’s on this evening. First, what did action this morning tell us about what’s set to play out going forward? Well, in this morning’s analysis we noted that price had shot up overnight, and that this gain mirrored the....
Here are our key levels for the Tuesday morning session out of Europe in the bitcoin price. One of the core concepts behind our approach to the recent volatility in the bitcoin price markets across the last week or so has been caution. The gains seen (primarily early to mid last week, but also over the weekend to some degree) have come around on the back of speculative volume, and as always, speculative volume must – at some point – fold into profit taking. The tough thing is knowing when a correction is just a correction, and when it’s the beginning of a wider market turnaround. Action....
Chinese Bitcoin Exchanges: Litecoin Price Volatility Driving Bitcoin Gains, Not Chinese Stock Market
Over the past several days, investors have witnessed sudden gains in volume and extreme price volatility for litecoin. In the last week litecoin has gained over 79 percent against bitcoin, 88 percent against the U. S. dollar and 90 percent against the euro and the yuan. Much of the rapid increase in volume around litecoin trading was coming from Chinese markets, which is cause for concern at Huobi, a major digital currency exchange based in Beijing. According to Arthur Hayes, the Cofounder and CTO of BitMEX, a litecoin ponzi scheme may have caused both bitcoin price and volume increases on....
The cryptocurrency and DeFi industries are known for their ongoing volatility. Sharp price drops and increases create opportunities to make money. Qilin goes one step further by providing active exposure to the price swings of any asset. Enhancing Volatility as A Tool The vast majority of cryptocurrencies are only known for their volatility. Although that […]
Litecoin posted an exceptional rise from yesterday's $1.441 to an intraday high of $1.475 before bulls stopped to recharge their batteries. With this surge, Litecoin also breached the trading range on the upside before profit booking dragged the price back into the range. Litecoin is currently trading up 0.7% at $1.451. Litecoin's recent high volatility price action prompts us to revise the trading levels. Presented below are the technical observations from a 120-minute LTC/USD price chart. Litecoin Chart Structure - Backed by strong bullish mood, Litecoin surged above the crucial....