Bitcoin Price Technical Analysis for 11/08/2016 – Careful of US Election Breakouts!
Bitcoin price is stuck in a tighter consolidation pattern, which could set the tone for an even more explosive breakout. Bitcoin Price Technical Analysis. Bitcoin price is starting to form a new ascending channel after its previous breakdown. The consolidation is noticeably tighter these days, which suggests that price could be gearing up for a strong breakout. The US elections would likely have a strong impact on financial market sentiment and dollar price action. Technical Indicators Signals. The 100 SMA just crossed below the longer-term 200 SMA so the path of least resistance is now to....
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Bitcoin price could keep up its pattern of weekend breakouts unless the FOMC statement results to a strong surge in dollar demand. Bitcoin Price Key Highlights. Bitcoin price is stuck in consolidation once more, following a strong upside breakout last week. Looking back at the previous breakouts shows that it occurs towards the end of the week and sustains its momentum until Monday. Upcoming event risks could keep this schedule in play, although the upcoming FOMC statement could make the situation more complex. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of....
It’s election season and now it’s time to get active: betting on the 2016 Presidential election in bitcoins is a thing! It’s going to be a wild one, so buckle up. There are still numerous events forthcoming before the election on November 7. Things could change. In the meantime, we laid out the best places on the web to profit off the US election by placing bets in bitcoins. We should note: don’t gamble away more than you afford to lose. Read on to see the insights given by the current odds for the 2016 presidential election. Fairlay – This prediction market for Bitcoin offers an enticing....
This week on Bitcoin Uncensored, Chris and Junseth provide the most accurate and reliable analysis of the 2016 US presidential election. Based on what we heard, Junseth probably rigged the election so Trump could pump his bitcoin investments. Junseth Gets on the Trump Train. At this point in the week, the election has been beaten to death, but the Bitcoin Uncensored guys give the cryptocurrency community a fresh perspective on the race, discussing which candidates would be most beneficial to Bitcoin’s growth and development. “I made all the Bitcoin votes,” Junseth said. “Donald Trump I....
Bitcoin price is trading inside an ascending channel pattern and might be due for a breakout soon. Bitcoin Price Key Highlights. Bitcoin price is trending higher once more, forming higher lows and higher highs inside an ascending channel pattern on the 1-hour chart. Price is currently testing the channel resistance and might be due for a slide back to support. Volatility has picked up again recently so stronger moves and potential breakouts could be seen. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this time frame, signaling that the path of least....
Both the 2016 and 2020 U.S. elections have seen little volatility in the price of Bitcoin, but the major multi-year resistance at $14K may finally break if history repeats itself. While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering under the crucial resistance of $14,000.At the same time, Bitcoin's price has been moving in tandem with equity markets over the past 24 hours.Bitcoin still can’t break the $14,000 resistanceBTC/USD 1-week chart. Source: TradingViewThe....