Bitcoin’s Low-Time Frame Chart is “Getting Interesting” — Here’s Why
Bitcoin has been holding strong above $19,000, which is a positive sign for its short-term outlook The strength seen by the cryptocurrency as of late comes despite it seeing multiple strong rejections at its all-time highs The selling pressure laced throughout the mid-to-upper $19,000 region has been too much for bulls to handle However, buyers have been able to set a series of higher-lows following each rejection here, which is an incredibly bullish sign One […]
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Here's what we are watching in the bitcoin price for the Thursday evening session... Things have been a little quiet in the bitcoin price this week, and we’ve not had too many opportunities to enter on our breakout strategy. However, overnight on Wednesday, we did get a little bit of movement, and this movement allowed us to shuffle our parameters around a bit. We narrowed our time frame last night to the five-minute chart, and combined with the movement seen in the markets, this enabled us to get in short on a downside break. We remain in this trade as things stand, but it’s a narrow....
Bitcoin is currently in no man’s land from a monthly technical perspective analysts say. The cryptocurrency will need to decisively move above $12,000 or below $10,000 to confirm its directionality. Bitcoin Is in No Man’s Land on a Monthly Time Frame Bitcoin may be in no man’s land on a monthly time frame despite extremely strong price action over the past few weeks and months. One analyst shared the chart below on September 28th, showing […]
Here’s what we are focusing on for this morning’s session in the bitcoin price. In yesterday’s evening bitcoin price analysis, we noted that if price managed to pull off a sustained run to the upside, that we might see a reaching (or even a breaking) of 600. We concurrently noted that this was a key psychological resistance level, and that – as a result – even if we did break it, the likelihood of price maintaining a floor above the 600 level was slim. Action has now matured overnight, so let’s take a look at how our forecast played out against real time movement. The chart below is a....
Bitcoin price is trading near $50,000 and the uptrend appears to be just now getting under way. So why then, is the author of the Black Swan, Nassim Nicholas Taleb choosing now to sell his BTC? His credentials also include options trader, mathematician and risk analyst. Is his warning something investors should seriously heed – or has he got it all wrong this time? Black Swan Author Blasts Crypto Investors, Begins Selling Bitcoin Nassim Nicholas Taleb upset […]
The monthly Bitcoin price candle closed above $13,000 for the first time since 2017 when BTC hit an all-time high of nearly $20,000. The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level.Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading....