22-01-2017
07:31 pm
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Category: Analysis

Bitcoin Price Weekly Analysis

Bitcoin Price Weekly Analysis – BTC/USD To Retest $1000? No Comments

Key Points Bitcoin price managed to start recovering from the $710-700 area, and currently trading higher against the US Dollar. There is nice solid bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a catalyst for an upside move. The price is also above the 100 simple moving average (H4) at $850, which is a positive sign. Bitcoin ...


Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – ETH/USD Uptrend Intact No Comments

Key Highlights ETH price maintained its bullish bias against the US Dollar and closed above the $9.60 level. There was a break above a bearish trend line formed on the daily chart (data feed via SimpleFX) of ETH/USD, which earlier opened the gates for more gains. The price is also well above the 100-day simple moving average, which is a positive sign. Ethereum price remained in an up...


Bitcoin Price Watch; Here’s What’s On For The Weekend No Comments

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 t...


Bitcoin Price Watch; End Of The Week Profit No Comments

Well, the end of the week is here, and for this author at least, it seems to have gone pretty quickly. We have had plenty of action in the bitcoin price across the markets, both from an intrarange and a breakout perspective, and this has translated to numerous entry opportunities. Some of these entries have worked out well, some not so much, but we're going to end up net profitable on the week so ...


Ethereum Price Technical Analysis – ETH/USD Trading Positive No Comments

Key Highlights ETH price regained the bullish traction against the US Dollar, and moved above the $10.20 level. Yesterday’s highlighted connecting bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to clear the way for more upsides. The price traded as high as $10.27 before starting a correction or we can say consolidation. Ethereum price traded h...


Bitcoin Price Technical Analysis for 01/20/2017 – Bearish Pressure Getting Stronger No Comments

 Bitcoin Price Key Highlights Bitcoin price is still moving inside its ascending channel pattern on the 1-hour chart but bears seem to be pushing for a downside break. Price has been hovering too close to the channel support for quite some time, which means that bulls are having trouble sustaining the climb. A break below the channel support could mark the start of a selloff until the ...


Bitcoin Price Watch; Here’s What’s On This Morning No Comments

Okay then. The middle of the week is here, and it's time to take stock of what's happened so far, and what is likely to roll out across the next couple of days. Things have been pretty up and down so far. We started out the week with some relatively flat action, but this matured into some volatility pretty quickly. The volatility, we were able to take advantage of, and we have managed to get in an...


Ethereum Price Technical Analysis – ETH/USD Resistance Turned Support No Comments

Key Highlights ETH price corrected lower further against the US Dollar, but found support near $9.60. There is a connecting bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $10.05. The price remains supported on the downside, as an earlier resistance is now acting as a barrier for sellers near $9.60. Eth...


Bitcoin Price Technical Analysis for 01/19/2017 – Time for a Quick Pause No Comments

Bitcoin Price Key Highlights Bitcoin price is still on a short-term uptrend, as illustrated by the ascending channel formation in a previous article. Price is now testing the channel support, which lines up with a longer-term broken trend line. Bullish pressure seems to be returning at this point, possibly sending bitcoin price back up to the near-term highs and beyond. Bitcoin price...


Bitcoin Price Watch; Here’s What’s On Tonight No Comments

In this morning's analysis, our primary focus was taking advantage of the volatility we expected to come after the action we saw last night. The bitcoin price has been relatively flat for the last few days, but overnight we saw this flat action breakout, and we finally got some momentum underway. During this morning's European session, and as expected, this momentum continued to materialize. Price...


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