Bitcoin Price Trends Upwards: Breakout Tonight?
In this morning's bitcoin price watch piece, we highlighted the levels that we would be keeping an eye on throughout Tuesday's European session, and suggested where we would look to get in and out of the market according to our intraday breakout strategy. Action has now matured throughout the day, and we have seen some pretty interesting movement likely driven by fundamental factors. So, with this said, what are the levels that we are keeping an eye on in the bitcoin price this evening, and how can we get in and out of the markets according to our strategy throughout the Asian session?....
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Here's what we are looking at in the bitcoin price this evening, breakout and intrarange. It’s been a pretty slow day in the bitcoin price space, and this has weighed on our ability to get into the markets. We had a pretty volatile end to last week, and some decent action over the weekend allowed us to draw some profit from a few positions, but the current action looks to be representative of the start of the week slumps we’ve seen across the last couple of months – range bound, no real breakouts, and when we do see a breakout, it doesn’t result in any sort of sustained momentum we can....
Since making a low on the month just above 216 bitcoin rebounded to 230 and start coiling as we can see in the 1H chart. Towards the end of April 21st session, btcusd started to uncoil upwards. Let's take a look at the charts: Bitcoin (BTCUSD) 1H Chart April 22. As we can see in the 1H chart, bitcoin not only broke above a triangle, it also charged above the 230 resistance. There was strong volume, and the 1H RSI popped up above 80. The price action suggests that the bullish breakout is very likely to extend. In the very near-term however, the RSI is overbought, so we can expect some....
The price of bitcoin has been steadily riding up the ascending channel pattern over the past week. Over the course of the early morning on October 11, the cryptocurrency’s value has finally had a breakout, trending upwards to a high of $636 USD. Bitcoin Price Trends Upward, Puts the Pedal to the Metal- Last month, Bitcoin.com’s detailed analysis had....
Here's what we are looking at for tonight's bitcoin price watch, with a focus on our standard breakout strategy against a slightly altered framework. So the European session has now come to an end in the bitcoin price, and it’s time to publish our take on what action throughout today’s session suggests about what we are looking at for tonight’s session. It has been a pretty interesting 24 hours, with action overnight kicking off the beginnings of what turned out to be a pretty large, sustained upside move – and in doing so – giving us a couple of nice opportunities to get in to the upside....
Here's what we are looking at for tonight's bitcoin price intraday strategy. Range, breakout and stops/targets included. We’re going to kick of this analysis a little differently than normal. We are in a live trade based on an upside breakout a little earlier on today, and as such, our strategy dictates that we shouldn’t be looking to enter any further trades until this one resolves – be that through a stop loss hit or a target take out. The latter of the two is looking more likely as things stand, but as we’ve seen over the last few weeks in particular, the bitcoin price space can be....