30-05-2017
06:25 am
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Category: Bitcoin Analysis

Bitcoin Price Watch; Breaking Out Of Consolidation No Comments

In this morning's analysis, we noted tat the bitcoin price had corrected pretty substantially over the weekend but that, subsequent to the correction, it looked as though things were bottoming out. Further, we noted that we expected to see some degree of upside revaluation going forward as markets reestablished speculative buy positions post-rebalancing. Action has now matured throughout the da...


Bitcoin Price Watch; A Return To The Upside? No Comments

So another week is underway in our bitcoin price trading efforts and it looks as though it is going to be another interesting one. When we closed out the week last week, price was experiencing something of a correction on the monstrous run we had seen in the run-up to the Friday European session. Over the weekend, this correction continued a little bit further than we would have preferred, but it ...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Holding Crucial Supports No Comments

Key Points Bitcoin price corrected sharply after trading towards $2650 against the US Dollar, but remains supported on the downside. The last week’s highlighted important bullish trend lines with support at $1940 and $1800 on the 4-hours chart of BTC/USD (data feed from SimpleFX) are holding well. As long as the price is above these trend lines and $1800, it is likely to move back abo...


Bitcoin Price Watch; Closing Out The Week On A High No Comments

So that's it, another week complete in our bitcoin price trading efforts. As we said this morning, it has been a pretty busy week. Action hasn't really slowed down all week, be it to the upside or the downside, and of course, we have seen an aggregate appreciation in the value of bitcoin for some considerable long-term holding gains. Against a backdrop of this overarching appreciation, however, we...


Bitcoin Price Watch; Adapting To The Correction No Comments

It is time to get things moving for the final day of the week in our bitcoin price trading efforts and what a week it has been. Across the period, we've seen a sharp and dramatic run to the upside followed by an equally sharp, but slightly less dramatic, correction. We did say on the number of occasions yesterday that we were expecting a correction near term. When an asset runs to the upside to th...


Bitcoin Price Watch; Smart Trading No Comments

And that is things pretty much done for our Thursday efforts in the bitcoin price out of Europe, meaning it's time now to look forward to the US afternoon session and – beyond – into the Asian session early morning tomorrow. In this morning's analysis, we set up against the market in anticipation of a run to the upside and said that we would enter on a break of our predefined resistance if we ...


Bitcoin Price Watch; Sustained Momentum No Comments

We are now closing in on the end of the week, and yet again, we have had an incredibly interesting period in the bitcoin price. Things started to pick up at the beginning of May after a period of short-term correction and it looked as though we might be in for a continued run of strength. However, with corrections always potentially on the cards, it's generally difficult to figure out just how far...


Bitcoin Price Watch; Tonight’s Key Levels No Comments

We are coming to the close of the European session, and the US afternoon is well underway. In this morning's bitcoin price analysis, we noted that action over the last few days implied plenty of further upside potential, and we set up against price with a relatively wide range accordingly. Our primary target was a breakout to the upside on a break of resistance, and an entry subsequent to the bre...


Bitcoin Price Watch; Here’s What We’re Going For This Morning No Comments

Alright then. It is time to get things kicked off for our first middle of the week bitcoin price analysis ahead of the start of the European session this morning. We keep saying it, but once again we have had some pretty noteworthy action overnight. The bitcoin price has literally made fresh highs daily for the past week or so, and as things stand, it doesn’t look like this is going to change an...


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

That's another day done in our bitcoin price trading efforts and another day that's given us plenty to talk about. When we set up against action this morning we did so with a reasonably wide range and noted that we would try and stay away from the incorporation of our intrarange strategy into our efforts until we saw a breakout. This turned out to be a smart decision. Price broke through resistanc...


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