Bitcoin Price Watch; Upside Trend Identified
Here's the range and targets we are focusing on for our bitcoin price breakout strategy on Wednesday evening. Apart from the run up in price we saw on Monday evening and throughout the very early Tuesday morning period, action in the bitcoin price has been relatively flat this week – especially over the last twenty-four hours. We’ve seen plenty of up and down action, but it has been confined between a relatively tight range, and many of the candlesticks that have formed have done so with large wicks and tails, which suggests plenty of indecision in the market. Without the conviction to....
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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....
Here's what we are looking at in today's bitcoin price, European morning session on Wednesday. Once again, let’s kick things of with a chart. The chart below shows the action we saw in the bitcoin price across the Wednesday evening session, and has the range we defined as being the one to watch across the session overlaid. As illustrated, the chart shows price breaking through our pre designated in term support shortly after our publication of the analysis, and pretty much immediately running up to takeout our target (well, a small correction aside) at 444 flat. Following the breakout,....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum. We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh....
Here's a look at what we are focusing on in the bitcoin price this morning. Right then. We’re closing in on the end of the week, and it is time to start securing our bitcoin price takings with a view to ending the week on a net positive note. We’ve had a little bit of luck so far this week, getting in and out according to the rules of our breakout strategy, but we’ve also been chopped out on occasion on the intrarange side of things. For the last couple of days, however, there’s been a noticeable trend, with price edging to the upside, making higher highs and higher lows on the five-minute....
Ethereum price after collapsing finally managed to find support. $3.00-20 support area holds the key for the longer run and must hold. Intraday Support Level can be $4.00. Intraday Resistance Level may be $4.55-60. Ethereum price recovered well after testing a monster support area. Buyers appeared and defended the $3.00-20 area successfully, and there is a chance that the price may extend its gains in the near term. However, there are a few resistances formed on the upside for buyers. Currently, the price is trading near a bearish trend line formed on the hourly chart (data feed via....