• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
Trend

Bitcoin Price Watch; Riding Out The Volatility 2017-10-26

Samuel Rae by Samuel Rae
6 years ago
in Bitcoin, Technical analysis
Reading Time: 2 mins read

The bitcoin price has been moving fast and hard over the last 24 hours or so. With the fork approaching, companies are clarifying their positions and – in some cases – the clarification is translating to an increased degree of uncertainty surrounding how things are likely to play out long term.

In turn, this uncertainty is resulting in some pretty rough volatility – something that can be both a good and a bad thing when it comes to intraday trading.

If we get movement, it means we see plenty of entry opportunities. However, if we aren’t careful, these opportunities can turn against us pretty quickly and we can get chopped out of the market.

All this means is that we have to make sure we have our strict risk management principles in place before committing to any positions.

So, with this noted, let’s get some levels in place that we can use to navigate the markets today. As ever, take a quick look at the chart below before we get started an idea where things stand and where we are looking to jump in and out of the markets if we get any action during the European session. It is a one-minute candlestick chart and it has our range overlaid in green.

As the chart shows, the range we are using for the session today comes in as defined by support to the downside at 5735 and resistance to the upside at 5770.

Our first trade will come if we see a close above resistance. On said close, we will enter long towards an upside target of 5810. A stop loss on the position at 5760 works to define risk nicely.

Looking the other way, if we get a close below support, we will enter short towards downside target of 5700. A stop loss on this one at 5745 looks good.

Chart courtesy of Trading View

Tags: bitcoinBitcoin AnalysisBitcoin chartbitcoin pricebtcusdtrade bitcoin
Tweet123Share196ShareSend
Samuel Rae

Samuel Rae

Related Posts

Bitcoin

Over 80% Of Bitcoin Holders Now In Profit – Report

4 hours ago
Bitcoin

Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days?

6 hours ago
AVAX

AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30

16 hours ago
Etheeum

Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024

1 day ago
Bitcoin whale

Mystery Bitcoin Whale Who Bought 10,000 BTC Has Been Exposed

1 day ago
Bitcoin price up today

Bitcoin Price Breaks Above $38,800, These Are The Reasons

1 day ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • Bitcoin’s $37K Stability Linked to High Accumulation...

    60 mins ago
  • GoMining Unveils The West NFT Collection

    23 hours ago
  • Where to Invest in Crypto? Experts Highlight Top Picks...

    1 day ago
  • Investors’ New Favorite: BorroeFinance Surges Past...

    1 day ago
  • Maximizing Profits in Forex: Raw Spread Forex Brokers’...

    1 day ago

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.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 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.