Bitcoin Price Up: Another Target Hit!
In this morning's bitcoin price watch article, we outlined the trade we made overnight according to our intraday, intrarange strategy, and suggested that for today's European session we would revert back to our more traditional breakout strategy and try to scalp a few dollars on any volatility in the bitcoin price. Action has now matured throughout the day, and it turns out the strategy switch was a good move, with price breaking to the upside midafternoon and reaching our predefined target almost to the cent, before reversing to correct a little to the downside. So, as we head into this....
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The Asian morning session has pulled the Bitcoin price below the weekly pivot level at $476. The question is what the European and US trading sessions will do with today's chart. If the market wants to take a stab at the $412 target, then today presents that opportunity. With each downtick, the conditions increasingly favor a price-rocket ignition spark. Update 17 Sept 13h15 UTC. Just to correct the BTC-e chart from the last update below. I had drawn the Fib Extension tool to show a target at $455 - which was a reaction level - but more correctly the wave target was at $452 as shown in....
Here's a look at what we are focusing on in the bitcoin price this morning. It seems price is teasing us a little at he moment. Just as we get up to the region around which we can start targeting the 800 flat mark as an initial upside target and – beyond that – use it as resistance, the bitcoin price breaks to the downside and we get a correction to spoil the party. Overnight action did just that. Those who read last night’s coverage will know we were looking at one final upside run ahead of an 800 target, and that price looked like it might well make that run before we got back to the....
Bitcoin briefly topped $250 for the first time since August 19, 2015, hitting a fresh monthly high of $250.09. We concluded the previous Bitcoin price technical analysis Retreats From Monthly Highs on a positive note saying that market participants should not be concerned about the drop and instead go long in Bitcoin near $242 for a target of $250. As can be seen, Bitcoin hit an intraday low of $242.82 before meeting the said target. Bitcoin is currently trading at $248.81, up 1.92 percent. And yes, we stand by our long call! bitcoin price chart. Below are the latest technical....
DarkNote Price Key Highlights. DarkNote price continued to trade lower and broke the last low of 0.000000792BTC. The price tested 0.00000075BTC, which was our final target of the sell trade, as highlighted in yesterday's post. A pullback is possible as sellers look exhausted and 0.00000075BTC represents a major support area. DarkNote price continued to decline, traded close to the final sell target and might correct higher moving ahead. Recovery likely? The DarkNote price traded further lower intraday, and moved towards our final sell target of 0.00000075BTC. The price even moved below the....
Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now come to an end, at it’s time to take a second look at the bitcoin price market ahead of tonight’s Asian session. Thing shave been pretty volatile today, as we expected they might be, and we’ve got plenty to discuss before we get to the end, so here goes. First, a look at the day’s action. When we outlined this morning’s strategy, we noted that action had primarily trended to the downside over the last forty-eight hours, and that this suggested we might be able to get in on a downside bias. As....