Bitcoin Price Watch; Fresh Highs!
Here's what we are looking at in today's bitcoin price, European morning session on Friday. First up, take a look at the chart below. It shows the action seen overnight in the bitcoin price, in line with the framework we overlaid as part of yesterday evening’s analysis. As the chart shows, action last night broke through our in term resistance level shortly after we published the second of our two analyses, and having done so, quickly ran up to reach the level we had slated as an initial upside target at 450 flat. Having broken through our target, price reversed at peak highs of circa 452,....
Related News
Here’s what we are looking at as we head a fresh day's trading in the bitcoin price market. Across pretty much the entirety of yesterday’s session in the bitcoin price, we saw an upside run. Marred by the odd correction, this run brought price to trade at what amounted to fresh weekly highs just ahead of 665, shortly before the day drew to a close. This is, of course, still quite a long way off the highs that came about last week, so this means two things. First, that there is still plenty of room to the upside if volume can hold price up for another sustained run. Second, that if we get....
Here's what we are looking at tonight in the bitcoin price. So we are coming to the end of what has been a pretty eventful day in the bitcoin price. In this morning’s analysis, we noted that price over the weekend had gained to fresh highs, and that today, we would likely see a correction of these highs, or a continuation if price could break through the 700 mark. We set up so that we could enter according to our breakout strategy in either scenario, and as it turns out, the latter of these two situations proved to be the correct one. Price broke through 700, we entered along toward 710,....
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 what we are focusing on this week for our intraday strategy in the bitcoin price. It’s Monday morning, and we have got a fresh week of trading ahead of us in the bitcoin price. Last week gave us plenty to discuss, with volatility carrying price through to fresh highs on a number of occasions, but action over the weekend has settled down a little bit. From reaching highs of nearly 780 on Saturday night, price corrected to an intraday close at around 730, and has since traded sideways to current levels. So, with this said, and as we head into today’s European session, where are we....
Here's what we are watching this morning in the bitcoin price. Stops, targets and entry levels. That we will get a solid and sustained intraday move in the bitcoin price over the weekend – and more often than not, on Sunday – is becoming something of a standard assumption as late. Generally, it comes as the markets in Asia open for a fresh week, and a bump up in volume initiates a concurrent bump in volatility. This week was no exception, and as markets opened in Asia last night (or a little before if we’re to be exact), the bitcoin price gained to reach fresh weekly highs at 428 flat.....