NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Price Watch; This Evening’s Key Levels 2016-06-17

Samuel Rae
Samuel Rae
1 year ago
2 mins read
Trend

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

So we are going to make things as simple as possible for our final price trading session of the week, and narrow our range right in to something like a fifteen dollar split. This gives us the chance to take advantage of any tight movement as we head into the weekend. Why are we doing this? Well, those reading will likely be aware of the action seen across the last few days, and the impact this has had on what we are now looking at as a potential upside price ceiling. However, this said, price has corrected pretty sharply on a couple of occasions post-gains, and so to bank on us seeing a third round of sustained gains (and in turn, us being able to ride it out to an upside profit) is a bit risky.

By bringing things in to a tight range like this, we can manage our risk a bit more securely. So, as we head into this evening’s session and beyond, what are the levels we are focusing on? Take a look at the chart below to get an idea of both this afternoon/evening’s range, and the levels at which we aim to get in and out of the markets on any volatility. As ever, it’s a fifteen-minute candlestick chart.

Screen Shot 2016-06-17 at 10.20.55

As the chart shows, the range in focus for the weekend is defined by in term support to the downside at 737 and in term resistance to the upside at 754. Intrarange is on, so long at support and short at resistance.

On a breakout entry, a close above resistance signals long towards an initial upside target of 765. Stop loss at 749 flat. Looking short, an entry on a close below support targeting 730, with a stop loss at 742, is a valid bearish trade.

Charts courtesy of Trading View

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

crypto news

‘Real’ Crypto Bull Run Just Beginning, Says Analyst—Here’s Why

In a livestream broadcast on X, independent market technician Kevin, known online as @Kev_Capital_TA, argued that crypto markets are only...

Jake Simmons 2 hours ago

From Inflationary Noise to Deflationary Wave: FUNToken’s Turnaround Story

The crypto landscape is littered with tokens that promised deflation but delivered inflationary dilution. Yet FUNToken has quietly rewritten that...

News BTC 3 hours ago
ada, cardano koers, waarom stijgt cardano

ADA koers pumpt harder dan Bitcoin en Ethereum – waarom stijgt Cardano?

De Cardano koers lijkt recentelijk begonnen te zijn aan een opmars. De nummer 10 van de cryptomarkt was wist over...

Lars Diederiksen 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

TOKEN6900 iepriekšpārdošana piedzīvo strauju pieprasījuma pieaugumu, analītiķis to nosauc par labāko mēmu monētu, ko iegādāties

lasma 32 minutes ago
Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason

Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason

Sebastian Villafuerte 46 minutes ago

Bitcoin è Pronto a Esplodere? Un Analista Avverte: Liquidità in Esaurimento Mentre le Whale Prendono il Controllo

clararosati 1 hour ago

Premium Sponsors

Press Releases

  • [Profitable combination] ETHRANSACTION launches...

    27 minutes ago
  • Bitget Annual Trading Competition KCGI Launches With $6...

    3 hours ago
  • Urmăriți în această săptămână memecoin-urile SOLAXY, BONK și POPCAT.

    Meme Của Elon Musk Đẩy $PNUT Tăng Vọt – Tác...

    4 hours ago
  • Shiba Inu & Dogecoin koers onder druk – nemen nieuwe meme coins het stokje over?

    Các Đồng Coin Tiềm Năng Nên Mua Khi Trump Media Ra...

    4 hours ago
  • Dự Đoán Giá Dogecoin, Pepe, SPX6900 Cuối Năm 2025...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.