Bitcoin Price Breaks Up: 300 Next?
For this mornings bitcoin price watch piece, we are going to take a look at action overnight to try and ascertain whether the levels we had slated as the ones to watch during the Asian session remain relevant today, and from this, try to gain an insight into how we are going to go about playing todays action. From this, we will see whether out intraday breakout strategy or intrarange strategy are more relevant for today's action. First then, take a quick look at the chart. As you can se, action overnight saw a continuation of the overarching bullish momentum we have seen over the last few....
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Bitcoin's price breaks above $16,000, reaching an almost three-year high.
Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
Ethereum faced a strong rejection above $380 against the US Dollar. ETH price is now at a risk of a sharp decline if it breaks the key $365 support in the near term. Ethereum struggled to gain momentum above the $380 and $382 levels. The price declined sharply below the 100 hourly simple moving average, […]
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Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance. The pair lately tested it twice for an upside breakout, but with no success. The TradingView […]