Bitcoin Price Watch; Be Careful Out There...
Here's a look at what we are focusing on in the bitcoin price this evening. Well, who would have thought it. There have been a few weeks over the last couple of years in the bitcoin price, during which price has soared across a couple of sessions in a row, but none really like what we’ve seen during the last couple of weeks. Price has rocketed from around the 800 mark to where it currently sits – above the 1200 level – and doesn’t look like it’s going to slow down near time. It’s exciting, but I’m going to put a bit of a dampener on things. Traders need to be careful at these levels. We’re....
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Here’s what we are focusing on for this morning’s session in the bitcoin price. Over the last few months, we have repeatedly noted the big moves in the bitcoin price, during the weekend. Primarily, this is a result of volume out of Asia, but also it seems to be a time at which markets unwind in a particular direction, and this unwinding translates to sustained volatility. This weekend is no different, however, the magnitude of the move altered slightly. Specifically, price broke through the 600 level – a level that we had slated as psychologically significant early last week – and....
As the markets closed yesterday afternoon, we published the second of our twice-daily Bitcoin price watch pieces. In the article, we noted that-as a response to the upside momentum we had experienced overnight-we should be very careful with our upside trades. Why? Because we expected some profit taking as the speculators took their medium term earnings off the table. Action has now matured overnight and, low and behold, we got exactly what we expected. Having topped out somewhere in the region of $465 overnight, the Bitcoin price collapsed to intraday lows in the mid $430s before....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be very careful.”
JPMorgan Boss Jamie Dimon Warns About Investing in Crypto
JPMorgan Chase and Co’s (JPM.N) chief executive officer, Jamie Dimon, shared his thoughts on the U.S. economy, inflation, China, and cryptocurrency in an interview with CBS Boston, published Wednesday.
He was asked whether young people should invest in crypto in....