Tag: JPY

btcusd

BTC/USD and BTC/JPY Technical Analysis November 16 2017 No Comments

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin exploded to the upside yet again on Wednesday, slicing through the $7000 level. However, there is a lot of noise extending to the $7600 level, and it does look like we are getting a bit overbought on the 4-hour chart. With the stochastics crossing in the overbought zone, I suspect that it’s only a matter of tim...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 15 2017 No Comments

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin has been relatively quiet during the Tuesday session, as we continue to hover just above the 6500 level. The market looks likely to find a bit of support in this area, but with the stochastic oscillator crossing at the 80 level, I am a bit hesitant in the short term. I need to see a break above the 6800 level to...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 13 2017 No Comments

BTC/USD Bitcoin fell a bit during the trading session on Friday, breaking through the important $7000 level. However, the $6800 level previously has been supported, and it looks as if the buyers are trying to come back into the market. Because of this, I am a bit cautious, but willing to start buying Bitcoin above the $7000 level again as it would show a turn around and resumption of th...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 10 2017 No Comments

BTC/USD Bitcoin fell slightly during the trading session on Thursday, reaching towards the $7000 level. However, this area has offered a significant amount of support, has a certain amount of psychological importance to it, and it looks as if the stochastic oscillator is ready to turn to the upside again. Because of this, I suspect that the buyers are going to return, as we simply grind b...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 9 2017 No Comments

BTC/USD Bitcoin rallied a bit during the day on Wednesday, using the $7000 level as support, bouncing towards the $7500 level. We are currently on path to make a fresh, new high, and every time that happens, it’s an obvious buy signal. I also believe that pullbacks will continue to be attractive, and that $7000 should now offer a bit of a new floor for the market. BTC/JPY Bi...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 8 2017 No Comments

BTC/USD Bitcoin fell during the trading session on Tuesday, as we are testing the $7000 region. This market has been a bit overbought recently, so I think a pullback makes quite a bit of sense, I would expect to see support near the $6800 level as well, and given enough time we should find enough value to bring the traders back. By simply waiting, you should be able to pick up Bitcoin a...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 7 2017 No Comments

BTC/USD Bitcoin has been reasonably flat over the last several sessions, but should find support near the $7000 level. The should line up nicely with the previous resistance line of the uptrend channel, so it’s likely that we should see plenty of buying pressure underneath. Bitcoin looks very healthy, but taking a bit of a breather after a move higher makes quite a bit of sense. BT...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 6 2017 No Comments

BTC/USD Bitcoin pulled back a bit during the day after initially trying to rally on Friday, as $7500 has offered a bit too much in the way of resistance. That makes sense though, because quite frankly we have gotten a bit overextended. At this point, I’m more than willing to wait for a pullback towards the $7000 level, perhaps even the $6800 level to go long. BTC/JPY Bitcoin...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 3 2017 No Comments

BTC/USD Bitcoin rallied a bit after initially dropping on Thursday, showing signs of continuing the explosive move higher, as we have now exited the up-trending channel and look to be a bit overbought. I think that short-term pullback should continue to be buying opportunities, as the $6800 level should offer support. I would love to see some type a pullback though, in order to pick up ...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 2 2017 No Comments

BTC/USD   Bitcoin rallied a bit during the day on Wednesday, clearing the $6500 level later in the day. In fact, we even tested the $6600 level. At this point, if you are long of Bitcoin already, then it should be held onto. Otherwise, a pullback from here should be a buying opportunity, especially near the $6200 region. Overall, this is a “buy on the dips” type of market, and I have no i...


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