Bitcoin Price Gains Again: Upside Run!
In this morning's bitcoin price watch piece, we noted the recent action we have seen in the markets - more specifically, the overarching bullish momentum. For the past week or so we have seen consistent strength in the bitcoin price, with the charts generally following this pattern: break through resistance, register some gain, trade sideways, repeat. For the most of the week the Asian session has been the catalyst behind the gains, while the European and US sessions have seen range bound action. Today, however, the action we have seen has reversed the trend, with Europe staging some....
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Here's a look at what we are focusing on in the bitcoin price this morning. We asked for action in the bitcoin price, and it’s action we got. Things haven’t been this active on the intraday charts for months, and it finally looks like price might make its way through the elusive 700 mark near term. If it does, we expect a considerable upside momentum run as the shorts are squeezed out of the market and price gains on covering. Whatever happens, the action overnight gave us plenty to go at, and we managed to get in and out of the markets according to the rules of our intraday strategy on a....
Dash Price Key Highlights. Dash price spiked higher sharply to register a new weekly high of 0.0147BTC where it found sellers. There was a flag pattern formed on the hourly chart, as highlighted yesterday which was breached to set the tone for an upside move. The price failed completely around 0.0147BTC, reversed more than 75% of gains. Dash price climbed higher sharply Intraday, but failed to hold gains and traded back lower. Failed attempt? We highlighted in yesterday's post that the Dash price could surge higher, as there was a flag pattern formed on the hourly chart. There was a break....
Ethereum price is back in action, as there was a nice upside move in ETH/USD. More gains are likely moving ahead as the resistance is now support. Key Highlights. ETH price surged higher versus the US Dollar and posted a solid move above the $12.00 handle. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken for an upside move. The ETH bulls managed to gain control, and took the price higher towards $12.75. Ethereum Price Bounce. Yesterday, I stated that the ETH buyers need an encouragement for an upside move. Ethereum price did move....
We highlighted a major hurdle for Litecoin price yesterday in the form of the 100 simple moving average on the 2-hours chart (data feed from HitBTC). It continued to stall gains and prevent the upside move. However, when we look at the lower timeframe like the 30-min chart via the data feed from Bitfinex, then there are a few bullish signs emerging. First, there is an ascending channel formed on the 30-min chart, which is acting as a catalyst for the upside move. The price recently closed above the 100 MA successfully, which is a positive sign. So, there is a chance of it trading higher....
Dash Price Key Highlights. Dash price continued to move higher and looks set for more gains in the near term. As highlighted yesterday there is a flag pattern formed on the hourly chart, which is still in play and the price is moving inside it. A major hurdle around 0.0120BTC continue to stall the upside move, and must be cleared for more gains. Dash price continued to move inside the flag pattern as buyers remained in control in the short term. Pattern Continuation. We highlighted yesterday a flag pattern forming on the hourly chart, which continued to act as a catalyst for buyers. There....