Bitcoin Price Watch; Highs Broken, But Remain Cautious
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,....
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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,....
Here's a look at what we are focusing on in the bitcoin price this morning. Before the weekend kicked off, we highlighted the potential for the breaking of the 700 level to the upside in the bitcoin price as being likely if action continued to move in the way it had done so throughout the week last week. Well, as it turns out, we did see a breaking of this level, and price has managed to remain about 700 – something that, given the break, was not looking particularly likely. This makes things interesting for the week ahead. We have seen a major level broken, and hold, and this suggests....
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
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....
Bitcoin is in the process of testing its 2020 highs again as bulls attempt to take the reins and guide it to see further upside It has been struggling to gain any serious near-term momentum due to the selling pressure at $13,200, but once broken, it could rally towards $14,000 Despite its overt bullishness at the present moment, there are a few bearish signs that may indicate that a selloff is brewing One analyst is […]