Category: Bitcoin Analysis

Bitcoin Analysis December 19, 2017 No Comments

BTC/USD Bitcoin rallied initially during the trading session on Monday, but ran into a bit of trouble at the $19,000 level. Over the weekend, we trying to break above the $20,000 level, but failed a bit. Ultimately, it looks as if the market is trying to build up the confidence to break above the $20,000 level, which of course will have a certain amount of psychological resistance. Ultimate...


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

So here we go on another day of trading in the bitcoin space and we've got plenty to discuss heading into the early European session. While we didn’t get the dramatic run that we saw at the close of the week a couple of weeks back, we did see some upside action on Friday and, over the weekend, the action was supported pretty strongly. We are looking for this support to remain in place during ...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Upside Drift Above $20,000 No Comments

Key Points Bitcoin price is gaining pace once again and is currently trading above $18,000 against the US Dollar. There is a monster bullish trend line forming with support at $17,000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is moving higher and it might soon break the $20,000 level for more gains in the near term. Bitcoin price is surging higher towards $2...


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

We are closing in on the end of the European session on Friday and that means one thing – that the week is almost over. At the end of last week, we saw bitcoin run to an incredible degree as markets loaded up on positions ahead of the introduction of bitcoin futures to the market. We said this morning that we were hoping to see more of the same this week (i.e. a solid run to the upside) and we'v...


Bitcoin Analysis December 18, 2017 No Comments

BTC/USD Bitcoin has rallied significantly during the trading session on Friday, breaking above the top of an ascending triangle. By measuring the move, we get a potential rally to the $23,000 level, but expect short-term pullbacks occasionally. It looks as if the bullish pressure continues, as momentum has picked back up to the upside.   BTC/JPY Bitcoin has rallied against...


Bitcoin Price Watch; Priming For A Spike? No Comments

And that's pretty much the week over in the bitcoin space, with things about to kick off for the early European session and calling for our penultimate intraday analysis. Overnight action in the bitcoin price was pretty strong, with BTC jumping to as high as 17,750 on some of the major exchanges before dipping slightly towards current levels. It was this time last week (well, in a little while)...


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

So that's another day drawn to a close in the bitcoin price space and it's time to take the second of our twice daily looks at how bitcoin has performed over the last twelve hours or so and how we can interpret this action and formulate a strategy with which we can try and draw a profit from the markets going forward. In a nutshell, things have been relatively flat over the last few days. We...


Bitcoin Analysis December 15, 2017 No Comments

BTC/USD Bitcoin is relatively flat yet again during the trading session on Thursday, as we are using $16,000 as support. I think that eventually we will get a little bit of a pullback, but that should be a “buy on the dip” type of opportunity. Adding slowly is probably the best advice I can give, as we are clearly starting to lose momentum after the futures market opened.   B...


Bitcoin Price Watch; Here Are Today’s Key Levels No Comments

Here we go on another day of trading in our bitcoin price efforts and it's time to get some levels in place that we can use to try and draw a profit from the market if and when things move. Things have slowed down a little in terms of outright runs over the last few days and we're guessing that this is symptomatic of nothing more than a bit of profit taking on the back of last week's run. Wh...


Bitcoin Price Watch; Here Are Tonight’s Key Levels No Comments

So we are now closing in on the end of the day in Europe and it's time to take a look at how action matured throughout the day in the bitcoin price today and – in turn – to put forward a strategy that we can incorporate into our operations in an attempt to pull a profit from the market on any volatility. As ever, before we get started, take a quick look at the chart below so as to get an id...


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