Bitcoin Price Watch; Profits On The Cards!
Here's a look at what we are focusing on in the bitcoin price this evening So that’s the day over, and it’s time to take our final look at the bitcoin price for this half of the week. Things have been slow so far this week, and the only real moves have come as the US session draws to a close and – shortly after – the Asian session kicks off. This could well happen again tonight, but with any luck we’ll see some volatility ahead of this period so we can get in to a position before session shutdown. Whatever happens, we’ll be ready to go. In this morning’s analysis, we mixed things up a....
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At the end of last week, we published the second of our twice daily bitcoin price watch pieces. The main premise of the piece was that we had seen quite a lot of upside momentum and that there was every chance that we would see some selling pressure, as speculators took profits and price consolidated. Action has now matured over the weekend, and our thesis proved valid - with the bitcoin price reaching just shy of 462 flat and then correcting towards intraday lows of 425.43. From this level we have bounced a little, but still remain down on the overarching bullish momentum of last week.....
This afternoon’s analysis is going to be pretty straightforward. If you were with us a little earlier on this morning, and caught the first of our twice daily bitcoin price watch pieces, you’ll have seen our interpretation of last night’s action. Basically, and to quickly recap, we noted that the bitcoin price had reached its highest level in a while overnight, and as we edge up upon the 450 flat mark, we may see some consolidation, both as speculators take profits and as the psychologically significant levels weighs on bullish sentiment. Action has now matured throughout the morning....
Bitcoin price is consolidating in a rising wedge pattern and the direction of its breakout could set the tone for long-term movement. Bitcoin Price Key Highlights. Bitcoin price recently broke to the downside of its short-term uptrend, signaling a reversal underway. Price is stuck in consolidation for the time being, as traders have been booking profits from the previous drop and waiting for more cues. A break below the rising wedge pattern could confirm that longer-term losses are in the cards. Technical Indicators Signals. The 100 SMA just recently crossed below the longer-term 200 SMA....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay then, the end of the week is here, and it’s time to put forward the penultimate of our twice-daily bitcoin price watch analyses for the week. Things have been pretty on and off this week. We have had periods of strong volatility, during which we have been able to get in and out of the markets according to our strategy rules for a few decent profits, but we have also had some relatively flat periods, whereby price has traded sideways and not really given us much to go at from a trading perspective. Let’s hope....
Earlier this morning we published our pre-session bitcoin price watch piece. We suggested the levels to watch in the bitcoin price throughout today's European session, and pointed out that we had finally seen some action in the bitcoin market over the weekend, and that we would be looking to draw on this volatility to get in and out of the markets today. Action has now matured, and as we head into the Asian session this evening - what are the levels that we are watching tonight, and are we looking at a range bound, or breakout strategy going forward? Let's take a look. First, consider the....