TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch
Bitcoin extended losses below the $23,650 support zone against the US Dollar. BTC must stay above $23,200 to avoid more losses in the near term. Bitcoin remained in a bearish zone and traded below the $23,650 support. The price is now trading below the $23,650 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $24,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $23,200 support in the near term. Bitcoin Price Drops Further Bitcoin price....
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Here's a look at what we are focusing on in the bitcoin price this evening. So here goes, our final bitcoin price analysis of the week. It has been a pretty busy week, as we noted earlier today, and one that will likely end up influencing our trading for weeks to come. Why? Because action has been so volatile that it has carved out numerous key levels, and we can use these key levels to carry forward into our trading throughout the remainder of January. Exactly which of them will become effective remains to be seen, but no doubt some of them will, and when they do, we will be ready to take....
BitcoinTalk staff quietly banned multiple accounts that were connected to Sir William's protest against BitcoinTalk for allowing people to buy and sell their BitcoinTalk accounts. MajidBC, the account who messaged SirWilliam in an attempt to purchase his account, is now banned along with the "CozyLife" account as they found the write-up on their practices not to their liking. CCN's policy is only to report what authors can prove and to update the articles with new information as it arrives. Also read: Bitcointalk Accounts Are Being Bought and Sold. BitcoinTalk Staff Quietly Bans Those Who....
Here's what we are watching in this evening's bitcoin price. Both the intrarange and breakout strategies are available for use. In this morning’s analysis, we noted that a downward sloping channel offered up the potential for an upside break, and in turn, some strength in the bitcoin price throughout the Wednesday European session. It’s been about seven hours since we released our interpretation of last night’s action, and things haven’t exactly played out as expected. We got a downside break that put us in a medium term short trade, but a quick reversal leaves us currently just shy of an....
As the new NFL season picks up, Bitcoin users now have the option to watch any game each week, for a fraction of the price. Watching the NFL With Bitcoin. NFL fans rejoice! A new season is upon us. But for many, watching their favorite teams can be costly and problematic. Now, a new option called Freecast lets people watch any game, including premium and....
The week is about to draw to a close, and it’s time for the second of our twice-daily bitcoin price watch analyses. As we have done a few times already this week, let’s kick things off with a chart. The chart below is a 15-minute candlestick chart showing the last 24 hours worth of action in the bitcoin price, with the framework that we outlined this morning still overlaid. As you can see, the range we outlined this morning was defined by in term support at 445 and in term resistance at 451. With about six dollars to play with, we said that we would look at implementing both our breakout....