Bitcoin Price Ranges: What Next?
The extent to which today's action is representative of what's going on fundamentally in the bitcoin space is unclear - but one thing we do know is that after yesterday's gains in the bitcoin price, we expected some continuation of the trend. In this morning's bitcoin price watch piece, we outlined the levels we would be looking at to try and get in and take advantage of any such continuation. However, during Wednesday's session, the bitcoin price has remained relatively stable. We tested support a few times a little earlier on this afternoon, but with no candlestick closes outside of our....
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Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas COMP price ranges in an asymmetric triangle with high buy orders. The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT). Despite the fact that the crypto market is in a state of flux, the Compound (COMP) price has shown tremendous strength as it attempts to break out of its trading range. (Data from Binance) Related Reading: PoW Tokens Take A Hit: Ravencoin....
On-chain data suggests the path to $2,500 could be open for Ethereum now that the asset has managed to cross the $2,100 mark. Ethereum Has No Major Resistance Levels Until $2,500 In a new post on X, the market intelligence platform IntoTheBlock has provided an update on how the Ethereum levels are looking in terms of on-chain support and resistance. In on-chain analysis, ranges are defined as support or resistance based on how many investors acquired their coins inside them. The below chart shows the density of addresses at various levels above and below the current spot price of the....
FLOKI price continues to struggle as price ranges in a downtrend channel with a major breakout imminent. FLOKI trades below key resistance as price ranges under 8 and 20-day EMA. The price of FLOKI struggles to flip key resistance into support. Floki Inu (FLOKI), one of the most popular memecoins in crypto, is expected to upset Shiba Inu, which won the hearts of many after a brief surge but may be set to repeat this move. All indicators and patterns indicate that the price of Floki Inu (FLOKI) is overdue for a rally to the $0.000015 region, and even higher if bulls are willing to push....
SHIB’s price continues to struggle as price ranges in a descending triangle with a major breakout imminent. SHIB trades below key resistance as price ranges under 8 and 20-day EMA. The price of SHIB struggles to flip key resistance into support, with eyes set on retesting a high of $0.00002. Shiba Inu (SHIB), one of the most loved crypto memecoin winning the heart of many after a few months’ surge, could replicate this move. All indicators and patterns show that Shiba Inu’s price (SHIB) is long overdue for a rally to a region of $0.00002 and even high if bulls are....