Bitcoin Price Watch; Can Price Break The Magic 800 Mark?
Here's a look at what we are focusing on in the bitcoin price this evening. Price has been especially active over the last few days, and we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intraday strategy have come in to play (those of you who have been with us for a while will know how rare both of these strategies are active, and more specifically, effective, at the same time) and it’s given us an opportunity to get in not just on upside and downside breakout volatility, but also some reasonable....
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Here's a look at what we are focusing on in the bitcoin price this morning. So Friday is here, and unfortunately – as yet – we’ve not seen price hit the magic 800 mark. It’s not too big a deal, we’re pretty certain we will see it hit at some point, but chances are that the early close in the traditional financial asset markets, as well as the fallout volume impact we are likely to see on the back of the Thanksgiving break in the US, will hinder any run up during today’s session. That doesn’t mean we won’t see any tradeable action, however, so we’re going to set up against the markets....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay. Action overnight played out pretty much as we hoped it would in the bitcoin price. From what was a relatively muted start to the week, things started to pick up during the late evening session on Monday, and price looked as though it was going to break through the 1000 mark and get running to the upside once again. We did eventually get this break, but nothing more than a spike through it, and we are currently trading at or around this level right now. It means that we can use 1000 as a key level during....
AVAX price ranges below 50 and 200 EMA on the daily timeframe. Price continues to maintain a downtrend as it aims to break out to the $20 range. AVAX price closes attempting to break out of its downtrend on low timeframe. Avalanche (AVAX) price has failed to sustain its head high above the blood bath of the bear market against tether (USDT). With what proved to be a major run for the price of Avalanche (AVAX) from a low of $10 to a high of $145, many predicted the AVAX project causing a major upset for many crypto projects. The statistics from the coupled Consumer Price Index (CPI) and....
Bitcoin price gave in to overbought conditions and is in the middle of a large correction to an area of interest. Bitcoin Price Key Highlights. Bitcoin appears to have hit a ceiling at the $775 mark, making a break below a short-term consolidation pattern and moving towards the nearby support. Price is now trading below the $700 mark and could head further south until $650, which is close to the 38.2% Fibonacci retracement level and a former resistance. A bounce off this correction area could allow bitcoin price to resume its climb to the recent highs and beyond. Technical Indicators....
Well, it’s looking more and more likely we’re going to get the magic 800 flat level this afternoon. Things have been heating up in the space over the last twenty-four hours or so, and this has brought the bitcoin price to trade just shy of the level we’ve been harping on about for the last couple of months. As we said last night, if we do finally see a run through 800, we expect a considerable run of sustained momentum to follow. Exactly how far this run will travel is not totally clear – sometimes it’s ten or so points, sometimes more. We’ll be targeting at least ten, so as a brief side....