An Introduction to Bitcoin Trading and Technical Charts
Bitcoin trading is a popular market that has been growing in recent years. There are many who obtain bitcoin to hold for long periods of time. However many people trade their bitcoin regularly with intra-range strategies, day trading, leverage trading and more. Often times trading can sometimes be confusing, and there are many things to consider when....
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Want to learn to trade crypto? With Bitcoin price near $50,000 and the crypto market taking a short pause, there is no better time to pick up new skills or brush up on existing ones. For those that chose to HODL through the recent sell-off – well done, you’ve nearly made it – there is a much better way, however. Trading might not be cut out for everyone, but it you are new to Bitcoin and just want to learn more, or are considering getting into trading cryptocurrencies to maximize one’s time in the market, then the NewsBTC educational Trading Course is a must-read. Learn To....
As a follow up to last week’s higher-level overview, this week we will take a closer look at Bitcoin’s price and introduce a Daily Pricing Chart. Before diving right in, it’s strongly recommended for the readers to take a look at Investing 101: How to Predict Bitcoin’s Price. Armand Tanzarian makes several good points that anyone trading with a high emphasis on technical analysis must keep in mind. This weekly series is meant strictly as a guide and NOT a short term trading tool, which is why we will have a bigger focus on longer time frames. We will also attempt to educate readers that....
Bitcoin price continued rising, emphasizing the bullish wave that started earlier this week. Yesterday, the price pushed upwards until it touched the $256 resistance line. The price reached a high of around $259 yesterday, before falling to $249 at the time of writing of this article. Basic and technical analyses are in favor of continuation of the bullish trend to push the price even higher. By studying the 1 day Bitfinex (BTC/USD) charts from tradingview.com, we can notice a reversal of the bearish trend on the 14th of January. By plotting the Relative Strength Index (RSI) on the same....
This is part of a larger presentation I did at Coinagenda. See the complete slides here. I encourage everyone to quickly go through the slide deck to check the pulse of the global economy. The macro environment looks like one of deflation rather than the inflation that central banks were trying to create. These charts show failed global central bank policy. In this presentation I use simple technical indicators: the 50, 100, & 200 day exponential moving averages for the daily charts and weekly charts and the Relative Strength Index. The reason why is because the charts really speak for....
For many of us, a simple chart at Bitcoinity or BitcoinWisdom is plenty to suit our needs. But for power traders who need more features, Coinsetter's calling out to you. The New York-based bitcoin exchange, currently in private beta, today announced charts for "active traders", powered by Coinstackr. "We wanted to introduce our customers to great charts which would enhance their trading experience and better analyze market trends," the company wrote in their announcement post on Saturday. Says Coinsetter: As many experienced traders know, technical analysis is a fundamental part of making....