Is The Bitcoin Price Winding Up For A Big Move?
We are publishing our second bitcoin price watch piece a little later than normal today, primarily because action throughout this afternoon's European session has failed to bring any real entry signals to the table, and we thought we would hold out a little bit in order to see if anything materialized. As it turns out, action over the last couple of hours (across which we have been holding out) has remained relatively flat, with the bitcoin price holding a tight range (about $3-4) within the range we slated this morning as being the one to watch. T would be easy now to throw our breakout....
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We've got much of the same action in the bitcoin price today, and we could be winding up for a big move a little later on this afternoon. Here's what we're looking at. Yesterday we went into quite a bit of depth concerning our interpretation of the action in the bitcoin price so far this week. We noted that the action represented a consolidation of bullish and bearish sentiment, and that this consolidation could act as a sort of winding up before a big move. Action has now matured throughout last night’s Asian session, and we are mid way through today’s European session, and things haven’t....
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal Reserve Starts to Unwind QE All eyes have been on the American central bank in recent times as the Federal Reserve has started tapering back quantitative easing (QE) tactics. It’s fascinating to onlookers because an estimated 24%-30% of all the USD ever created was added to the M1 monetary....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s Monday done, at least out of Europe, and it’s time to set up against the US afternoon and – beyond that – in to the Asian session later tonight. In this morning’s analysis, we noted that it looked as though price was winding up for a medium term increase, and that we might be able to take advantage of this winding up if we saw a breakout. As things turned out, we got exactly that. Price broke to the upside early afternoon and (while admittedly choppy) ran up to our take profit with no real issue. It’s a....
For many Bitcoiners, the online marketplace Silk Road has become a touchstone in BTC's story — as has the fate of its founder, Ross Ulbricht. The post The Long and Winding Story of Silk Road, Bitcoin’s Earliest Major Application appeared first on Bitcoin Magazine.
In yesterday’s bitcoin price analysis, we were all about risk management. The action we had seen over the duration of the week left us a little jittery, and we were concerned that without tight risk management we might get caught on the wrong end of a sharp movement and, in turn, an irreparable loss. As it turned out, things went pretty well for us, and we managed to pick up a few dollars’ profit on our intrarange plays. Things weren’t as volatile as we expected, and this lack of volatility looks to have filtered through into today’s action. We are pretty much range bound, which means that....