Tag: bitcoin price

Bitcoin Price Watch; A Final Push No Comments

Things are getting really choppy now in the bitcoin price. We noted this morning that action during the session today was likely to be a bit unpredictable and that, as a result, we were going to stick with our breakout strategy as opposed to trying to get too fancy with a combination of breakout and intrarange. As it turns out, this was a pretty smart decision. Things have been pretty up and do...


Bitcoin Price Watch; Let’s Get Straight To It No Comments

The end of the week is here and it is time to try and get some levels in place that we can use to draw a profit from the market in the bitcoin price during the European session today. Normally, we would take a quick look at what happened overnight so as to inform our key levels moving forward. Right now, however, price is moving pretty fast and if we spend too much time analyzing the action that g...


Bitcoin Price Technical Analysis for 10/20/2017 – Hitting a Ceiling No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below a short-term triangle, tested a longer-term trend line, and is back to testing the all-time highs. If this continues to keep gains in check, a drop back to the rising support zone could be seen. On the other hand, a strong bullish catalyst could lead to the creation of new highs. Bitcoin price regained enough bullish mom...


Bitcoin Price Watch; Back In The Game No Comments

Bitcoin, it seems, is back in the game. The bitcoin price was a little subdued heading into the close of play yesterday as the market took a bit of a corrective turn and traded bitcoin down to the 5200 region early evening. Heading into this morning out of Europe, things picked up a bit and price looked as though it was at the start of a longer-term recovery and a return to the overarching upside ...


Bitcoin Price Watch; Things Are On The Up No Comments

In our bitcoin price analysis last night, we noted that the action we had seen during the session on Wednesday was conducive to some corrective momentum and that there was a strong chance that, very near term, we would see price turnaround and stage something of a recovery. We suggested that the most likely level at which this would occur was 5200, given that this level had served as both strong r...


Bitcoin Price Technical Analysis for 10/19/2017 – New Upside Targets? No Comments

Bitcoin Price Key Highlights Bitcoin price has bounced off the longer-term rising trend line highlighted in a previous article. This could mean that the cryptocurrency is set to resume its climb to new record highs, and the channel and Fib extension tool indicate the next upside targets. Technical indicators are also signaling that the uptrend could carry on. Bitcoin price looks read...


Bitcoin Price Watch; Riding Out The Volatility No Comments

The bitcoin price has had a pretty tough day today and, for those that caught our analysis this morning, the decline has not been unexpected. When we get a strong run up towards fresh highs it's not unusual for the shorter-term operators to pull profits out of the markets and close out positions. This leads to a dip in price which, in turn, leads to more selling action as the more risk-averse hold...


Bitcoin Price Watch; Intrarange And Breakout Strategies In Play No Comments

The bitcoin price dipped overnight and early this morning bottomed out and around $5200 apiece. Against the backdrop of some considerable volatility, we've got to be really careful with our approach at the moment. Things can turn around pretty quickly and, when they do, we don't want to be caught on the wrong end of a reversal. This is what our risk management parameters are in place to avoid, of ...


Bitcoin Price Technical Analysis for 10/18/2017 – Short-Term Selloff Underway? No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below the support of an ascending triangle highlighted in a previous article. This could be indicative of a short-term selloff that's roughly the same height as the chart formation. A double top pattern can also be seen and bitcoin price is moving closer to testing the neckline around $5400. Bitcoin price is showing a handful ...


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

So that is another day complete from a European perspective in our bitcoin price trading efforts and, just as we suggested might be the case this morning, it's been a pretty strange one. Action is all over the place at the moment and this is making difficult to establish any sort of consistent strategy. It's not impossible, of course, and our intraday strategies were designed to make it as simple ...


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