Is Bitcoin Price Headed For A Correction Or A Breakout From $28,000?
The volatility of Bitcoin price has always been a hot topic in crypto, as BTC fluctuates rapidly because of various factors such as regulatory changes and market sentiments. As Bitcoin continues to gain mainstream adoption, the anticipation for its next move is at an all-time high. Bitcoin enthusiasts and investors alike are eagerly anticipating the next move of the world’s most popular cryptocurrency, as it stands at a critical crossroad. While the long-term outlook for Bitcoin’s price remains bullish, the short-term trend is yet to be determined, leaving many wondering if....
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This morning we published the first of our twice daily bitcoin price watch pieces, and noted that - as a result of the relatively tight range we were looking at - we would steer clear of our intrarange strategy in favour of our standard breakout approach. We also suggested, however, that a more aggressive trader might want to look at incorporating intrarange action into their approach if we saw a correction from resistance, or a bounce from support. Action has now matured throughout the European session, and as it turned out, the more aggressive approach looks to have been the one to take.....
Earlier this morning we published a piece that highlighted the action we have seen in the bitcoin price over the past couple of days. We noted the run towards 300 we saw on Tuesday afternoon, the subsequent correction towards 287 flat, and the triangle that formed and contained price action throughout Wednesday morning in Europe. Now the European session is drawing to a close, we have seen the pattern that we highlighted complete, and the bitcoin price once again resume its bullish momentum. With this said, what are the levels to keep an eye on as we head into the early US afternoon....
At the end of last week, we widened out our range a little bit and headed into the weekend looking to draw on our intra range strategy in order to take advantage of volatility in the bitcoin price. Action has now matured over the weekend, and as we head into a fresh European week, we are going to revert back to out standard bitcoin price breakout strategy for today's session. So, with this said, here are the levels we are keeping an eye on today, alongside our predefined risk management parameters for the session. Take a quick look at the chart to get an idea of where we are heading. As....
In this morning's twice-daily bitcoin price watch piece, we published our thoughts on how the situation in Greece is affecting the bitcoin price, and suggested the levels that we would be keeping an eye on as we headed into today's European session. The premise was that action seen overnight yesterday may well just have been a temporary correction, and that if we could break above the level we had slated as in term resistance, we may well see further bullish momentum throughout the latter half of this week. As it happens, this scenario has played out, and we are now looking firmly to the....
Here's a look at what we are focusing on in the bitcoin price this evening. Price has been especially active over the last few days, and we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intraday strategy have come in to play (those of you who have been with us for a while will know how rare both of these strategies are active, and more specifically, effective, at the same time) and it’s given us an opportunity to get in not just on upside and downside breakout volatility, but also some reasonable....