Let’s start this evening’s analysis with a chart. The chart below highlights the action we have seen across the last six or so hours in the bitcoin price (throughout the European session morning and early afternoon) with this morning’s framework still applied. We’ve left it on there to highlight the position we are currently in, … Continue reading Bitcoin Price Watch; Live Trade!
Yesterday evening, we noted that action in the bitcoin price had been relatively flat across the last few days, and that the consolidation may mean we were setting up for a big move. As things turned out, we got just that – though not to the upside as our fundamental bias suggested we might. Instead, … Continue reading Bitcoin Price Watch; Dissecting the Overnight Decline
Key Points Bitcoin price gained bids intraday and traded higher to settle above the $415 resistance area. The price is currently facing a major hurdle near the all-important $420 resistance area. There are many support areas formed on the downside on the hourly chart of the BTCUSD pair (data feed from Bitstamp). Bitcoin price gained … Continue reading Bitcoin Price Technical Analysis For 03/24/2016 – Beginning of Bullish Trend?
Key Highlights Ethereum price after completing a correction towards $11.00 found buyers and traded back towards the $12.50 level. My buy idea worked perfectly, and all our targets were achieved successfully. There is a resistance trend line formed on the hourly chart (data feed via Kraken), which prevented additional gains above $12.50. Ethereum price moved … Continue reading Ethereum Price Technical Analysis 03/24/2016 – Buying Worked Perfectly!
Apart from the run up in price we saw on Monday evening and throughout the very early Tuesday morning period, action in the bitcoin price has been relatively flat this week – especially over the last twenty-four hours. We’ve seen plenty of up and down action, but it has been confined between a relatively tight … Continue reading Bitcoin Price Watch; Upside Trend Identified
Yesterday was a little up and down in the bitcoin price. We saw a steep upside run early morning (before the European session kicked off for the day) and then a pretty ragged period of consolidation. By the time we published our first price watch analysis (a little bit later than usual) we were well … Continue reading Bitcoin Price Watch; Looking Long!
Key Points Bitcoin price may be forming a bearish structure against the US dollar in the near term. March outlook looks negative for the BTCUSD pair, as there is a contracting triangle pattern forming on the daily chart (data feed from Bitstamp) calling for a major break. The price is currently in the 5th wave … Continue reading Bitcoin Price Technical Analysis For 03/23/2016 – March Outlook Negative!
Key Highlights Ethereum price moved further higher intraday and traded near $12.20 where it found sellers and started to move down. There was a bullish trend line formed on the hourly chart (data feed via Kraken), which was cleared during the downside move. The price is currently trading near the 100 hourly simple moving average, … Continue reading Ethereum Price Technical Analysis 03/23/2016 – Can Support Hold?
So the European session has now come to an end in the bitcoin price, and it’s time to publish our take on what action throughout today’s session suggests about what we are looking at for tonight’s session. It has been a pretty interesting 24 hours, with action overnight kicking off the beginnings of what turned … Continue reading Bitcoin Price Watch; Here’s what we are looking at tonight
We’re a little bit late publishing the first of our two intraday bitcoin price analyses today, primarily as a result of the action we saw both overnight and throughout the initial phases of this morning’s session. Generally, we like to put our first interpretation of the night’s action out sometime around the kick of of … Continue reading Bitcoin Price Watch; Volatility is on!