Bitcoin Price Choppy: tread Carefully!
Earlier on this morning, we published the first of our twice daily bitcoin price watch analysis. In the piece, we suggested that - as a result of the width of our predefined range - we would bring both our intrarange and our standard breakout strategy in to play. Action has now matured to the close of the European session, and we are about to head into Friday evening a a fresh Asian session. Many of the markets for the more traditional financial assets close over thanksgiving and the weekend, but not bitcoin. This means we can get our strategy in line for the weekend, and attempt to pull a....
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Here's a look at what we are focusing on in the bitcoin price this morning. Tuesday’s here, and as things turned out, we had a pretty interesting night’s worth of trading in the bitcoin price last night. Not because price moved considerably, or anything like that, but because we got some choppy action that fell in line with our breakout levels. Normally, choppy action is a real pain. It gets us into trades and then ends up taking them out again almost right away. That’s what stop losses are for, and it’s a pain but something we just have to accept. However, last night’s choppy action fell....
Christmas shopping is reaching a frenzied state right now, and consumers are more eager to share their financial details with websites and applications to buy some last-minute gifts. It should come as no surprise t find this time of year is when most financial details are stolen. Consumers need to be on their toes at all times and tread carefully through the traps in front of them. Zscaler security researchers recently uncovered a smartphone app that looks and acts like the real Amazon application but is nothing more than an attempt to defraud unsuspecting consumers. What is even more....
Some sources report that Icbit may be engaging in hidden market manipulation against their customers' interests, although there is insufficient evidence to confirm or deny this conclusion. Always tread carefully when trading on the Bitcoin markets. Ever since Bitcoinica shut down following the hack on May 11, the Bitcoin economy has lacked a way of betting for or against the Bitcoin price at leverage. While it is always possible to buy bitcoins and sell them, what Bitcoinica allowed users to do was to use a small quantity of bitcoins as collateral to hold a much larger quantity of virtual....
Representatives from the central banks of New Zealand and Australia have issued their own official warnings on bitcoin, terming the currency "interesting, but risky". The banks' comments come hot on the heels of the European Banking Authority's stance today. Both comments echo the public statement issued by Chinese authorities on 5th December, which led to the price of bitcoin falling by $300 on popular exchange Mt. Gox. New Zealand. John McDermott, assistant governor at the Reserve Bank of New Zealand (RBNZ), said banks and businesses should "tread very carefully" with the digital....
Key Highlights. Dash prices continue to consolidate in a choppy manner, but with a slight bullish sentiment. An ascending channel formed on the hourly chart, which if broken might open the doors for more gains in the short term. It looks like our long observed head and shoulders pattern is not valid, as the right should is taking too much time and waves. Channel as a Catalyst. We followed a Head and Shoulders pattern from the past two days on the hourly chart, but it looks like it is not shaping up nicely. There is a choppy price action underway, and the formation of the right shoulder of....