Bitcoin Price Watch; Gap Up Alert!
Here's what we are looking at this evening for our bitcoin trading session in the US and Asia We’re coming to the end of the day on Tuesday out of Europe and it’s time to take a second look at the bitcoin price in an attempt to figure out how best to approach the market this evening, during the US afternoon session and beyond into the Asian open. Action today has been pretty interesting, so before we get into the strategy we are looking at for this evening, let’s address what happened during today’s session first. Specifically, we want to look at a gap up in the bitcoin price that took....
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Late last night, we published the second of our twice-daily Bitcoin price watch pieces. In the article, we highlighted the fact that a symmetrical triangle was forming in the Bitcoin price, and that action had confined itself within this triangle for the past couple of days. We also noted that-in combination with our standard breakout strategy-we would use this triangle to help us get in and out of the markets overnight. Action has now matured throughout the Asian session, and as we head into today's European afternoon, what are the levels to watch, and where will we define our risk and....
The Bitcoin price continues to decelerate as the crypto market shows signs of weakness due to macroeconomic factors. The top crypto by market capitalization has been testing critical support levels and is at risk of falling deeper into its monthly lows. Related Reading: Bitcoin Could Jump 20% For Every 1% Liquidity Boost: Expert At the time of writing, the Bitcoin price trades around $104,000 recording a 2.5% drop over the past 24 hours. Other cryptocurrencies show greater weaknesses on similar timeframes with Ethereum and XRP displaying a 8% and 4% drop, respectively. Bitcoin price hints....
Right now, the key is at risk of falling into the wrong hands. If that were to happen, malicious individuals could disrupt the entire Bitcoin network. Many different features make the Bitcoin ecosystem attractive to people all over the world. One of those “tools” is the alert system, which shows warnings and informational messages to all users. Unfortunately, this feature will be retired soon, allegedly over security concerns. One of Satoshi Nakamoto’s original developments will cease to exist, which is a shame. The Bitcoin Alert system has been around for as long as the cryptocurrency....
It wouldn't be a complete week without some sort of government agency issuing a warning on bitcoin. And that is exactly what the United States Securities and Exchange Commission has done. The agency - who is responsible for enforcing securities laws - released this investor alert on Wednesday warning citizens of the perils of bitcoin. The alert, which starts with a primer of the digital currency makes the following points:"Investments involving Bitcoin may have a heightened risk of fraud." "Bitcoin users may be targets for fraudulent or high-risk investment schemes." "Using Bitcoin may....
CoinMarketCap tackled a security scare on its website this week when a fake popup urged users to “Verify Wallet.” The alert first appeared on Friday, prompting worries that hackers had slipped malicious code into the site. Within about three hours, CoinMarketCap said it had removed the offending script and began a deeper review of its […]