Bitcoin Trading On Tenterhooks
Bitcoin trading is approaching the coming week with caution and fortunately the chart provides us with some technical indications of what to expect before committing money to the market. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and Price Analysis. Time of analysis: 11h30 UTC. BTCC 1-Hour Chart. From the analysis pages of xbt.social, earlier today: It's easy to see things in the chart after a major move and the mind will suggest that another similar move....
Related News
This week's economic calendar is dominated by the Federal Open Market Committee Statement on Wednesday. Markets are on tenterhooks following better than expected US Unemployment Claims data last Thursday and their implication for an imminent Fed rates increase. Commodities continue their decline since last week and equities are now beginning to teeter on the edge. Stakes are raised in the deflationary end game of decades of credit expansion. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates.....
Bitcoin and most altcoins could be gearing up for a few days of range-bound action as bulls buy on dips and bears sell on rallies. Bitcoin’s (BTC) failure to rise above the critical $40,000 to $42,000 resistance zone is keeping crypto traders on tenterhooks. Some analysts view the sharp rebound from $31,000 level as a sign of accumulation at lower levels while others believe the failure to cross above the overhead resistance indicates that Bitcoin is still not out of the woods yet.JPMorgan’s cryptocurrency market analysts, led by global market strategist Nikolaos Panigirtzoglou, pointed....
Bitcoin trading is a popular market that has been growing in recent years. There are many who obtain bitcoin to hold for long periods of time. However many people trade their bitcoin regularly with intra-range strategies, day trading, leverage trading and more. Often times trading can sometimes be confusing, and there are many things to consider when....
Recently in one of the previous articles we have covered about bitcoin trading bots and how useful they are when it comes to automating your bitcoin trading process. In the same article we also mentioned that a trading bot is only as powerful or intelligent as its owner. Whether you trade manually or use a bot, unless you understand the process of bitcoin trading well, then you are bound to lose money in the process. In order to be a successful trader, one should understand the market, the trading process and various factors that influence the bitcoin price. Once understood, it is easy to....
Every action you take as a trader is documented in a trading journal, covering risk management, trading strategy assessment, psychology, and more. Monitoring price changes using charts is one way to stay updated on the market trends. However, technical or fundamental analyses and tracking other market metrics are not the only means of becoming a successful trader. For example, a disciplined approach that includes maintaining a trading journal would protect you from making emotional decisions concerning your financial investments.In this article, we will discuss the benefits of a trading....