Bitcoin Price Soars Again: No End To The Upside Momentum?
There sees to be no limit to the upside potential we are seeing in the bitcoin price at the moment. Fundamentally, there have been no real developments (nothing that differs from the usual bitcoin news updates, at least) and so the momentum we are seeing looks t be purely sentiment driven. People are finally coming around to the idea that bitcoin can serve as a risk off asset and, as a result, the bitcoin price is picking up pace. The action we have seen as late has made for an interesting few weeks for our intraday strategy, with the primary focus having been to the upside through....
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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....
Yesterday evening, in our twice daily bitcoin price watch piece, we published our take on the bitcoin price for the evening session. We hypothesized that - on the back of the momentum we had seen throughout the majority of the last few weeks, we would see further bullish momentum. If we did, we suggested we would enter towards 400 flat as an immediate upside target. We also noted that this level would likely serve up some interim resistance (primarily because of the psychology of such a key level. As it has turned out, one of our hypothesis turned out correct, and the other not so much.....
Late last night, when we published the second of our twice daily bitcoin price watch pieces, the market was hovering around the $300 mark. Action has now matured across the Asian session, and we are heading into a fresh European session today. As we head into the session, where is the bitcoin price currently trading, what happened overnight, and how has the Asian session influenced our strategy for today's session? Take a quick look at the chart to get an idea of what we're watching. As the chart shows, the levels in focus for todays session are in term support at 304.75 and in term....
Yesterday evening we published our thoughts on the bitcoin price movement we had seen throughout the day on Tuesday in our twice-daily bitcoin price watch piece. We noted that there has been a considerable amount of upside momentum throughout the day, and that managed to enter and exit on this momentum to draw profit from the market according to our intraday scalp strategy. Now action has matured overnight, and the European session is about to kick off for a fresh day of trading, what are the levels we are keeping an eye on now, and where will be looking to enter on today's action? Take a....
Ethereum price looks like broke a major resistance area. Buying dips may be favored as long as ETH/USD is above the $8.00 support area. Ethereum price after a nasty decline against the US Dollar found support near $7.50. There was a nice upside reaction once the price gained momentum, and during the upside drift the ETH/USD managed to break a bearish trend line formed on the 4-hours chart (data feed via Kraken). It is important to note that the recent bounce came from the 76.4% Fib retracement level of the last wave from the $7.00 low to $9.67 high. So, we can say that a correction phase....