Bitcoin Price Weekly Analysis – BTC/USD Buying Worked
Bitcoin price managed to stay in the bullish zone versus the US Dollar and ETH, and it may continue to slowly move higher in the near term. Key Points. Bitcoin price climbed higher this past week against the US Dollar, and my buying idea worked. There is a new bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a support zone. The price is also above the 100 hourly simple moving average, which is a positive sign. Bitcoin Price Buy. BTC price was seen trading with a bullish tone this past week versus the US Dollar. Although, the gains were....
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Ethereum price showed more positive signs, and traded higher. Can it continue to trade higher and can we buy more? Key Highlights. Ethereum price continued to trade higher against the US Dollar, and posted yet another break. Yesterday’s idea of buying dips in the ETH/USD pair worked, as it moved higher. There is a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be considered as a support area on the downside. Ethereum Price Buy. Ethereum price ETH regained traction against the US Dollar, as there were more upsides noted. The price broke a couple....
Bitcoin price moved higher after a minor correction as forecasted. Read more how BTC/USD can trade from the current levels. Bitcoin price surged higher and after a minor correction managed to gain bids for another upside move. I highlighted a plan of buying dips yesterday, which worked perfectly, and now I think it is time to book profits as BTC/USD is heading towards a major resistance area and it is not worth the risk. The price stayed above a major bullish trend line formed on the hourly chart (data feed from Bitstamp), and also managed to break a minor bearish trend line on the same....
Ethereum price continued to gain traction against the US Dollar, and it looks like the idea of buying dips may still work in the short term. Key Highlights. Ethereum price surged higher against the US dollar and posted healthy gains during the past 24 hours. My yesterday’s idea of buying worked and it you entered a trade, then it’s time to take profits if not already. A new bullish trend line is formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which can now act as a support area on the downside. Ethereum Price Buy. Ethereum price ETH climbed further higher against US Dollar,....
Ethereum price moved back higher, but the upside was limited. Can it correct lower once again? Can we buy one more time? Ethereum price completed a correction phase around the $11.00 support area recently and our trade worked perfectly. This week I suggested that buying dips may be a good idea in ETH against the USD. The same did wonders, as the price moved higher towards the $12.50 area. Around the stated level, there was a resistance trend line on the hourly chart (data feed via Kraken), which stalled any further gains. The price is currently moving back lower and heading towards the....
Ethereum price gained momentum over the weekend against the US Dollar, and it looks like further upsides are possible in the near term. Key Highlights. Ethereum price traded with a positive tone against the US Dollar and continued to move higher. There is a short-term bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may continue to act as a support area. On the upside, the pair needs to break the $11.20 level in order to gain further traction. Ethereum Price Trend Line. Ethereum price ETH moved further higher against the US Dollar during the past few....