Bitcoin Price Technical Analysis for 11/02/2016 – Buying on the Dips
Bitcoin price is in for another dip to the ascending trend line support, offering an opportunity to buy on dips. Bitcoin Price Key Highlights. Bitcoin price made a strong rally after its bounce off the rising support, as indicated in an earlier article. The $740 area is holding as resistance, possibly spurring another potential correction to the ascending trend line support. Technical indicators are suggesting that the uptrend could continue but that profit-taking is due. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this time frame so the path of least....
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Key Highlights. Litecoin's price surged higher and even managed to break an important resistance area of $3.50-60. A perfect break can be easily noticed on the hourly chart (data feed from HitBTC), with support now at $3.60. Buying dips may be a good idea in the short term, as the broken resistance area could act as a support moving ahead. Litecoin's price traded higher intraday, and our idea yesterday of buying with a break played well. Now we can look to buy dips in the short term. Buy Dips? Litecoin price is currently trading in an uptrend on the 1-hour chart, as there was a critical....
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 traded higher versus the US Dollar and my buy dips idea presented yesterday is playing well in the short term. Key Highlights. ETH price surged higher towards $13.20 against the US Dollar to form an uptrend. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a support zone if the pair corrects lower. Buying dips remain a good option for ETH, as long as the price remains supported. Ethereum Price Support. Ethereum price climbed a few points higher during the past 24 hours against the US Dollar to set a high of....
Ethereum price moved further higher, and buying dips played well. Now, can ETH/USD continue trading higher and test $15.00 once again? Key Highlights. Ethereum price did not stop climbing against the US Dollar Intraday, and moved above the $14.00 level. My yesterday’s idea of buying dips worked perfectly, and if you entered a trade, then I suggest to book partial profits. Also, yesterday’s highlighted bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a support area. Ethereum Price To Move Further Higher? There was no stopping Ethereum price....
Ethereum price surged higher and created a new high above $9.5. Let’s see whether it can rise further in the near term. Intraday Support Level can be $7.80. Intraday Resistance Level may be $9.00. Ethereum price rocketed higher during the past two days. Both days we were looking to buy Ethereums and our plan worked perfectly. First, we were looking to buy with a break, and then yesterday, I suggested to buy dips. The price did correct a few points down yesterday, and then found buyers. There was a sharp upside reaction after the correction was completed. The price climbed higher and even....