I think that Litecoin has taken offence from my last analysis As Flat As It Gets and surged over 20% during the weekend to cross the overhead resistance. Litecoin is now trading up $0.839 or 22.45% at $4.575, thanks to a nearly 6% rise in Bitcoin. Image: https://www.tradingview.com/x/xoZaLGPB/ Even with technical indicators remaining bearish, Litecoin … Continue reading Litecoin Price Technical Analysis for 27/7/2015 – Must Read!
In a very recent analysis titled Deafening Silence, I had advised the market participants to create fresh positions only near the marked support and resistance levels. I had also explicitly stated that a close above $280 could be a sign that Bitcoin is preparing for its next leg of the rally. And since Friday, we … Continue reading Bitcoin Price Technical Analysis for 27/7/2015 – Bulls Struggle At Resistance
In this morning’s bitcoin price watch piece, we highlighted the levels that we would be watching during today’s European session, and suggested how we would respond to price reaching or breaking these levels as far as getting in according to our intraday strategy was concerned. We pointed out in particular that we had seen some … Continue reading Bitcoin Price Rockets; Bulls Take Control!
Key Highlights Dash price is resuming its downside bias and is making another attempt to breach the descending triangle support. RSI is on middle ground but is pointing down, indicating that there is downside potential Stochastic just reached the oversold zone and is moving up, suggesting a return in buying momentum later on. A break below … Continue reading Dash Price Technical Analysis for 07/24/2015 – Ready to Breach Support?
Dogecoin has been gradually trading lower since the end of June but it made a sudden spike higher recently. Could this be a sign of a trend reversal or is the longer-term selloff set to carry on? The 4-hour chart of DOGEBTC from Trading View shows that the pair made a brief pop higher from … Continue reading Dogecoin Price Technical Analysis for 24/7/2015 – What’s Up with that Spike?
Last night we published our twice-daily bitcoin price watch piece, and dedicated a large portion of it to the suggestion that the bitcoin price had stabilized somewhat over the past couple weeks, and – as a result – the number of opportunities for entry and exit had subsided. We further suggested that as we entered the … Continue reading Bitcoin Price Gains; Volatility at Last!
On the lines of Bitcoin, the muted price action in Litecoin has also completed its one week. The cryptocurrency, which until the first of this month was keeping the traders overly busy, has gone flat since. Litecoin is now trading at $3.736, marginally up from yesterday’s $3.732. Image: https://www.tradingview.com/x/dyUb4CYA/ Technical observations of the daily LTC-USD … Continue reading Litecoin Price Technical Analysis for 24/7/2015 – As Flat As It Gets
Bitcoin has a peculiar nature: one of the most volatile currencies of the world will either become extremely volatile or it will go into “slumber mode” for days at a stretch. And it is during those inactive days, that market participants seriously long for some volatility. Right now, we are missing the volatility. Bitcoin is … Continue reading Bitcoin Price Technical Analysis for 24/7/2015 – Missing the Volatility, right?
If you read this morning’s twice-daily bitcoin price watch piece, will be more than aware that we address the relative inactivity in the bitcoin price we’ve seen throughout the last couple of weeks, and our resulting difficulty as far as getting in and out of the markets according to our intraday breakout strategy has been … Continue reading Bitcoin Price Watch; Return to Action?
Throughout the majority of May and June, getting in and out of the markets according to our intraday strategy and taking a profit from volatility in the bitcoin price was relatively simple. Sure, we were stopped out on a number of occasions, and every trade wasn’t a winner, but we got enough up-and-down action to … Continue reading Bitcoin Price Watch; Our Response to Recent Action