Bitcoin Price And The Weekend Move
The bitcoin price holds sideways in pattern suggesting advance. Another rewarding week in the market and it does not look like the advance is giving up. Technical analysis finds price targets and risk levels. During the past 24 hours we’ve seen price hold above the low established by yesterday’s profit-taking sell-off. The 1hr candle OKCoin BTC/USD chart, above, shows price at the bottom of a rising channel with MACD (just above price) also at the bottom of the range defined by its Bollinger Bands. The implication is that price is now free to advance again. The top of the rising channel,....
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Here's what we are looking at in the bitcoin price for today's session - Tuesday morning out of Europe. As noted in yesterday’s analysis, we got a big move over the weekend – one that served to offer up fresh highs in the bitcoin price on Sunday. More often than not, successive to a large move like this, action in the bitcoin price will lay relatively flat for 24 hours, as markets regroup and consolidate, with buyers and sellers rehashing their pre-move bias. We did get a bit of movement throughout the Monday European session, and also throughout last night’s Asian session, but nothing....
Bitcoin price is surging higher during a weekend rally. $600 has been scaled and we watch the $680 support and resistance level for a potentially large price reaction. In yet another large single day move, bitcoin price surged from $580 to $650 (Bitstamp). The popular USD exchanges have mostly achieved the $650 level; the CNY exchanges 4400 CNY and the exuberant OKCoin September futures contract chart is ticking above $700. At the time of writing a correction from these levels is unfolding but there seems to be additional advance in store. The move higher was clearly signaled at 23h00 UTC....
Here's a look at what we are focusing on in the bitcoin price this morning. So the end of the week is here, and it’s time to take a penultimate look at the bitcoin price market before we kick off the weekend. Price has been pretty volatile across the last few days, and with this volatility has come plenty of opportunity to get in and out of the markets according to our intraday strategy. Overnight last night, however, things settled down a little, and we are heading into today’s European session on some relatively low volume. This doesn’t mean there’s nothing to go at – we saw a spike a....
Here's a look at what we are focusing on in the bitcoin price this evening. It’s time to take our final look at the markets for the week. We’ve had a good week from a trading perspective in the bitcoin price, with action giving us plenty to go at on both the long and the short side. Price overnight last night was a bit rocky, with some choppy action making anything sustained pretty difficult. Action throughout today’s session has been a little more consistent, with price trending to the downside for the majority of the day. This is good as it gave us an opportunity to get in short on a....
At the end of last week, we published a piece highlighting the day's action in the bitcoin price, and offering up our suggestions for likely future action as we headed into the weekend. As well as a short synopsis of what we saw so far, we presented our readers with a few key levels to keep an eye on - key levels around which, with any luck, action would offer clues into where the bitcoin price was headed. Action has now matured over the weekend, and many of our forecast levels have been hit. So, with this said, what will we be watching as we head into a fresh week of trading? Take a quick....