Bitcoin Price Watch; Trading Triangles Again!
Here's a look at what we are focusing on in the bitcoin price this morning. Yesterday morning, we outlined a triangle pattern that had formed in the bitcoin price, and discussed a trading strategy that would see us go at our intraday operations using this triangle as an entry guide. Specifically, if price broke through the parameters of the triangle to either the upside or the downside, we would get in to the markets in the direction of the break and look to target a quick intraday profit on the breakout. Unfortunately, things didn’t quite work out as we’d hoped. Price failed to break in....
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Network outages and decreasing smart contract reserves add further downside pressure to SOL price. Solana (SOL) is nearing a decisive breakdown moment as it inches towards the apex of its prevailing "descending triangle" pattern.SOL's 40% price decline setupNotably, SOL's price has been consolidating inside a range defined by a falling trendline resistance and horizontal trendline support, which appears like a descending triangle—a trend continuation pattern. Therefore, since SOL has been trending lower, down about 85% from its November 2021 peak of $267, its likelihood of breaking below....
The price of XRP is yet to embark on a bullish trajectory but many crypto analysts continue to remain bullish. Among these analysts is EGRAG Crypto, a figure well-known in the crypto community for his consistently ultra-bullish perspective on XRP. Related Reading: Optimism: Major Partnership Pushes OP Price By 24% In a recent detailed analysis shared on the social media platform X, EGRAG expressed his belief that XRP’s prolonged period of trading under the $1 mark might soon be coming to an end. His technical analysis reveals the potential for a sustained upward price movement.....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
Here's a look at what we are focusing on in the bitcoin price this morning. Whatever your political persuasion, last night was a long night, and is likely still continuing for many across the US. Celebrations, commiserations, whatever is in order, we’re going to inject a dose of normality and stability in to your day with the first of our twice daily bitcoin price watch analyses right here. For those that couldn’t bear to watch, we’re going to spoil it for you now – Trump won. What that means for the bitcoin price remains to be seen. My initial thoughts right off the bat are that we will....