Bitcoin Ready For Display Of Strength, But Which Direction Will It Break

Bitcoin price is still deciding which direction to take, although it is approaching the peak of the triangle and might need to break out soon. The oscillators such as RSI and stochastic are hinting that bearish pressure could come into play, as both indicators are moving lower. Stochastic came out of the overbought zone, indicating that buyers are still taking a break and letting sellers take control. Meanwhile RSI is nearing the overbought region and ready to indicate that buying pressure is fading. On the other hand, the moving averages are showing that buyers might have enough energy....

The bitcoin price broke support and lost strength overnight, begging the question - will we see 400 broken or are we in line for a recovery? It’s already been about 36 hours since we published our last intraday analysis, and we’ve had a lot of action across the period. Here's our take... It’s been about 36 hours since we published our last intraday analysis, and we’ve had a lot of action across the period. In yesterday’s analysis, we suggested that the bitcoin price was – for want of a better phrase – coiling up and in doing so getting ready to spring in one direction. We noted that it was....

Bitcoin and the stock market over the last year has transcended pop culture, and been fully embraced by the world of memes and the mainstream. What started as an April fool’s day joke earlier in the year, has since turned into a dream come true for this very trader who adores the occult and unorthodox. TradingView has graciously shared a pack of their limited edition All-Time Highs finance-focused tarot cards, which we’ve now had the chance to dig into. Here’s a hands-on look at the most unique tarot cards the trading community has ever seen. TradingView Sends NewsBTC....

Key Highlights. Dogecoin price continued to trade in a range, as there was no real move in one particular direction. 0 Satoshis and 62.0 Satoshis remain key barriers for sellers in the near term. The market is positioned for a nasty move once the consolidation phase is completed. Dogecoin price is hesitant to move in one particular direction, but once there is a break a solid move is likely. Direction of Break. We stated that the Dogecoin price is consolidating since the last couple of days, as both buyers and sellers struggled to move things. There is a monster support forming around 64.0....

Here's a look at what we are focusing on in the bitcoin price this evening So that’s the day over, and it’s time to take our final look at the bitcoin price for this half of the week. Things have been slow so far this week, and the only real moves have come as the US session draws to a close and – shortly after – the Asian session kicks off. This could well happen again tonight, but with any luck we’ll see some volatility ahead of this period so we can get in to a position before session shutdown. Whatever happens, we’ll be ready to go. In this morning’s analysis, we mixed things up a....