Bitcoin Price Breakout: Returns, Now What?

Bitcoin Price Breakout: Returns, Now What?

So this morning in our twice-daily bitcoin price watch piece, we published a chart that highlighted the levels we were watching during today's session. The main premise of this morning's analysis was the fact that - with the tight action we have seen over the last few days - we had to employ an intraday scalping strategy rather than our more traditional wide range breakout strategy. Action has now matured throughout the European session on Tuesday, and - as we head into a fresh evening's trading - how did our strategy fare, and where will be looking to get in and out of the markets this....


Related News

Bitcoin averaging 200% gains per year proves it’s ‘eating the world’ — Raoul Pal

A summary of macro investment performance since 2011 underscores Bitcoin as the ultimate winning punt. Bitcoin (BTC) is “eating the world” thanks to 10-year returns of over 6,200,000% and annualized returns of roughly 200% per year, investment strategist Raoul Pal has said.In a tweet on Dec. 15, Pal revisited his oft-quoted phrase as new data showed the extent of Bitcoin’s outperforming of major assets.Bitcoin record profits laid bareAs noted by Charlie Bilello, founder and CEO of Compound Capital Advisors, a Bitcoin investment made in 2011 has delivered returns of 6,271,233%. Nothing has....

Bitcoin Price Technical Analysis for 07/11/2016 – Still Stuck in Consolidation!

Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....

Bitcoin Price Intraday Analysis for 18/11/2015 - Brace Yourselves for a Strong Breakout!

Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, creating a tighter range as it approaches the peak of the ascending triangle formation on the 1-hour chart. This type of price action suggests that buyers and sellers are playing a close game of tug-o-war, but only one side can prevail. Bitcoin price could be due for a downside breakout, as the freshly released FOMC meeting minutes are in favor of more USD gains. Waiting for a Break. The minutes of the U. S. central bank's monetary policy meeting last month confirmed that the economy is on track to seeing an....

Miner Stocks Outperforming Bitcoin Price In Short Term

Average year-to-date returns for the top-four North American bitcoin miners are up to 140%, versus bitcoin price returns of 49%.

Bitcoin Price Watch; Breakout Time!

Here's a look at what we are focusing on in the bitcoin price this morning. Well, we asked for a bitcoin price breakout, and a breakout we got. The chart below illustrates it nicely, and we’ll get to that and our key levels shortly, but first, a bit of background. Price has been relatively flat for the past week or so, trading sideways within a circa ten dollar rage defined by 740-750 or thereabouts. In our twice daily analyses, we’ve noted on a couple of occasions that there’s only so much sideways trading we can do, and price generally coils up for a breakout when action looks as it did....