Bitcoin Has Broken through Resistance
Since yesterday’s price analysis article Bitcoin has broken through 4th resistance but has retraced to test that arc’s support again. As I type these words that support is still holding. Truth be told, for reasons I have repeated a few times in the past several days, my cautious expectation is that the support will hold. The next targets are the top of the square at $790, and the 5th arc at $850. The blue dotted line represents a cycle of 90 degrees of earth spin. You may note that there are 2 such cycles since the May low to the next line on 11/14/2016. 180 degrees (1/2 a year) will have....
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Bitcoin is hovering above its key $19,000 support level following continued rejections at $19,400 The resistance at this level has been holding strong for the past few weeks, with buyers trying and failing on multiple occasions to post a sustained break above it Once broken, the next key resistance region to watch sits between $19,800 and $20,000. A firm break above here could mean that the next leg of BTC’s parabolic rise is imminent One […]
Bitcoin price is now trading at just under $15,000, less than 24 hours after resistance at $14,000 was broken. One of the cryptocurrency’s top fundamental experts, says that this is just the beginning, now that “the train has left the station.” Breaking through resistance at $14,000 could ultimately cause the first-ever cryptocurrency to continue to pick up momentum like a locomotive, and steam toward a new all-time high. Crypto Expert Charles Edwards: The Bitcoin Train […]
Bitcoin price might be able to resume its drop upon testing the area of interest and drawing more sellers to the mix. Price has previously broken below a double top and an ascending triangle. The broken support at the $420 neckline coincides with the dynamic resistance around the moving averages. In addition, the short-term 100 SMA is below the longer-term 200 SMA, confirming that the path of least resistance is to the downside. If the 100 SMA moves farther below the 200 SMA, bearish momentum could pick up.
Key Highlights. Dogecoin price finally broke higher as anticipated in one of the recent analyses and traded towards 76.0. 100 hourly moving average was also broken, which was a monster resistance. Looking ahead, the broken resistance at 70.0-72.0 Satoshis might now act as a support. Dogecoin price moving higher is a positive sign in the near term, but buyers need to maintain gains for more upsides. 70.0 As a Support. Dogecoin price surged higher and managed to settle above a monster triangle on the hourly chart as highlighted in yesterday's analysis. The price traded as high as 76.5....
Here's what we are looking at for today's European morning session in the bitcoin price, and a look at a live trade we entered last night. So today we’re going to mix things up a little bit and kick off this analysis with a chart. The one below shows action overnight in the bitcoin price, and illustrates a long trade that signaled entry during early Asia, and one which we currently hold as a live position. As the chart shows, we got in on a break of the level we slated as in term resistance in yesterday’s second analysis, and initially saw the bitcoin price run up towards our predefined....