Bitcoin Price Up: More Upside to Come?
We've had another pretty strong night in the bitcoin price evening, as the classical head and shoulders pattern translated to some strong downside momentum during the Wednesday night Asian session was negated. Overnight lows of around 226.32 mark a reversal point this morning, and we corrected to highs of 230.50 subsequently, but whether we can recover the lost strength during today's European session remains to be seen. So, with this said, what are the levels that we are watching in today's bitcoin price, and where will we look to get in and out of the market according to either our....
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Key Highlights. Dogecoin price is trading near a major resistance area of 40.0 Satoshis, as buyers eye a break. The price is following a support trend line on the hourly chart, which may push the price to higher levels moving ahead. A break above 40.5-40.9 Satoshis is needed for an upside move towards 44-45.0 Satoshis. Dogecoin price looks poised for an upside move likely towards 45.0 Satoshis, if sellers fail to defend the 41.0 Satoshis resistance area. Dogecoin Price Hurdled By Resistance at 41.0 Satoshis: There were a few positive signs witnessed last week throughout Dogecoin's charts,....
Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....
Bitcoin price could be due for more gains after this upside breakout, possibly aiming for the $750 level next. Bitcoin Price Key Highlights. Bitcoin price made a strong upside break of the near-term resistance marked in a previous article. This suggests that bulls are gaining strength and could push price to the next ceiling. At the moment, bitcoin is testing the area of interest at $700, which is a major psychological level. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside, even on this daily chart. However, the....
Key Highlights. The Litecoin price declined heavily this past week and traded close to $3.55 where it found support. There was a pennant pattern formed on the hourly chart, which was broken to open the doors for an upside move. There is a major barrier on the upside around $4-4.20 where buyers may find it tough to retain traction. Litecoin price after declining, found support and currently forming a consolidation pattern that might set it for an upside move. Buying Favored. As clearly seen in the chart attached there is a critical break noted above the pennant formed on the hourly. The....
In this morning's bitcoin price we highlighted the levels that we were going to keep an eye on throughout today; s session, and suggested where we would be looking to get in and out of the market according to our intraday strategy if we get any volatility. Action has now matured throughout the day and as we head into a fresh Asian session, what are the levels that we are keeping an eye on, did the levels we slated this morning hold firm or did we get a break out, and where will we be looking to enter the markets according to our intraday strategy this evening? Take a look at the chart. As....