Bitcoin Price Weekly Analysis – BTC/USD Offers Trade Opportunities
Bitcoin price is back in the bullish zone above $1000 against the US Dollar, and BTC/USD looks set for more gains possibly towards $1080. Key Points. Bitcoin price gained momentum this past week against the US Dollar, and moved above $1000. There is a crucial bullish trend support in the form of as ascending channel on the 4-hours chart (data feed from SimpleFX) of BTC/USD. On the downside, the $$1050 support area is the key and may act as a buy area. Bitcoin Price Bullish Trend. This past week was positive for Bitcoin price, as it broke the $980 resistance against the US Dollar. The....
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Bitcoin price as forecasted in the last weekly analysis started to trade higher. If the current sentiment stays, BTC/USD can test $470. Bitcoin Price- Buying dips? Bitcoin price climbed higher this past week and traded towards the $470 resistance area against the US Dollar. The best part of the upside move was the fact that the price settled above the 100 simple moving average on the 4-hours chart (data feed from Bitstamp) of BTC/USD. Once the price closed above the stated MA, there was a sharp rise towards $465 where it found offers. There is now a contracting triangle pattern formed on....
Ethereum price moved down and broke a support area. ETH/USD may trade a few points higher from here, but may face sellers. Ethereum price ETH broke down yesterday against the US Dollar, and cleared a couple of important support levels. It also broke yesterday’s highlighted bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD. I suggested a sell trade with a break yesterday, and if you entered, then it’s time to book profits if not already. No doubt, the price is under a bearish pressure and may continue to trade down. However, we need to wait for a correction to enter a....
Litecoin's current price action offers plentiful trading opportunities to the market participants; opportunities with huge profit potentials at extremely low risks. Litecoin has been maintaining a tight range on an hourly basis and traders can adopt a buy low, sell high approach while limiting the risks involved by strictly following the below-prescribed stop-losses. Litecoin is currently trading near the lower level of the range at $1.450. Technical analysis of the 60-minute LTC/USD price chart indicates that things are indeed favorable for the participants from an immediate-term....
Bitcoin price may have created a short-term top around the $500 level. it looks like the price may struggle to hold more losses moving ahead. Intraday Support Level for Bitcoin price can be at $350. Intraday Resistance Level may be at $380. Bitcoin price found it hard this past week to trade higher, especially above the $500 mark. There were sellers around the stated level aligned from a long time defending the upside move. Finally, they managed to push the price down. There was a contracting triangle pattern formed on the daily chart via the data feed from HitBTC, as highlighted in the....