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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Price Watch; Live Trade! 2016-03-21

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.

To kick of the day’s second analysis, we’re going to start with a chart. The image below shows the framework we placed on the bitcoin price earlier this morning, with an overlay of action seen across the last five or six hours.

Screen Shot 2016-03-21 at 16.09.26

As the chart shows, the bitcoin price broke through our predefined in term resistance level shortly after publication, and has since continued to trend upwards towards our target of 412. It’s a pretty aggressive target on the intraday scale, and we will remain out of the markets until the trade completes (be it through a stop loss hit or a hitting of the 412 level). For those that missed the entry, however, here’s a look at what today’s action suggests about what we might see tonight, and a refreshed framework that takes into account today’s action.

The chart below is a fifteen minute, intraday chart, showing circa the last 48 hours of action. It’s similar to the chart above, but with the refreshed framework highlighted.

Screen Shot 2016-03-21 at 16.14.30

As the chart shows, we’ve shifted up our support and resistance, and in turn range. The new levels to watch are in term support at 409 flat and in term resistance at 412 flat. It’s a three-dollar range, so we are going to focus purely on breakout entries this evening.

Specifically, if we get a close above in term resistance we will look to enter long towards an upside target of 418 flat. A stop around 410 defines the risk on the trade.

Looking the other way, if the bitcoin price breaks in term support and closes below this level, it will signal a short trade towards an initial downside target of 405 flat. A stop on this one somewhere in the region of 410.5 will keep things attractive from a risk management perspective.

Happy Trading!

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

Bitcoin

Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm?

After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support...

Rubmar Garcia 3 hours ago

本月最值得關注的5枚迷因幣與預售項目—10倍潛力幣一覽

進入2025年7月,加密貨幣市場重新迎來活躍期。在全球政治動盪與金融格局重組的背景下,資金不斷從傳統市場流向去中心化領域,形成了新一輪的代幣熱潮。在這樣的市場情緒中,迷因幣與預售項目的表現尤為亮眼。 ...

Mark Mak 4 hours ago
Dogecoin

Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based...

Keshav Verma 4 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

Bitcoin price crash

50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target

Scott Matherson 59 minutes ago

Станут ли 600 000 BTC точкой невозврата?

lisachaikina 1 hour ago
Strategy

No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months

Ronaldo Marquez 2 hours ago

Premium Sponsors

Press Releases

  • MEXC Ventures Hosts Successful “Kickstart Your...

    9 minutes ago
  • Alternativni kripto uz DOGE koji bi mogao pretvoriti 650 $...

    51 minutes ago
  • Token6900

    TOKEN6900: Meme Coin Tiềm Năng Với Presale Rẻ...

    54 minutes ago
  • Predviđanje Cijene Bitcoin Hyper ($HYPER) Šta Donosi 2025., 2026. i 2030. godina

    Bitcoin Hyper Gọi Vốn 2 Triệu USD Trong Presale Khi...

    1 hour ago
  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    4 Alt coin Tốt Nhất Tuần Này Dựa Trên Tiện...

    1 hour 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.