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: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement
  • 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: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement

Bitcoin Price Watch; Here’s What’s On This Evening 2016-10-06

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 that’s it for the end of the day – markets are drawing to a close out of Europe and our European session bitcoin price trading is shifting to the late US session. In this morning’s analysis, we widened things out a little bit, and put forward a pretty large range to go forward into the European morning session with. This is very much still in place – we haven’t managed to get into any trades on this range as yet (this isn’t unexpected, the wider ranges need a little bit more time to play out) but that doesn’t mean we can’t set up a narrow range and go at price with this narrow range as a secondary approach.

So, that’s what we are going to discuss now.

Before we get started, take a quick look at the chart below to get an idea of how action played out today (spoiler: range trading) and our range this evening. We’ve shifted back to our five-minute charge for this evening, and our range in focus is overlaid in green on the chart.

screen-shot-2016-10-06-at-18-42-21

As the chart shows, the range we are now looking at is defined by in term support to the downside at 605 flat, and resistance to the upside at 610 flat. If price breaks below the former, we are going to look at getting in a short position with an immediate downside target of 600 flat. A stop on this one somewhere in the region of 607 looks good from a risk management perspective, and will ensure we are taken out of the trade in the event of a bias reversal.

Looking the other way, if price can break above, and close above, resistance at 610, we will get in to a long position towards 615. Again we need a stop, and 608 works well on this one.

Happy Trading!

Charts courtesy of SimpleFX

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

Dogecoin price

Volatility Loading: Dogecoin Eyes Explosive Path To $3

Dogecoin sits on a knife-edge defined by a tight 4h range and a larger weekly triangle—two structures that now bracket...

Jake Simmons 5 hours ago
Shiba Inu

Shiba Inu Might Be ‘Dead And Sleeping’, But Not For Long, Crypto Expert Says

Shiba Inu (SHIB) continues to trade in a tight band, and that has kept many investors on edge. Based on...

Christian Encila 6 hours ago
XRP futures volume explodeert - positief Ripple nieuws voor de crypto koers in november

XRP futures volume explodeert – positief Ripple nieuws voor de crypto koers in november

De Ripple koers steeg flink nadat het handelsvolume in XRP futures op de Chicago Mercantile Exchange (CME) explosief steeg. Volgens...

Lars Diederiksen 6 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 Heat Macro Phase Signals Accumulation Before Next Growth Wave

Bitcoin Heat Macro Phase Signals Accumulation Before Next Growth Wave

Sebastian Villafuerte 2 hours ago
$XRP, 3달러 돌파하나…베스트월렛 토큰 사전판매 1,660만 달러 돌파하며 랠리 기대감 고조

트럼프 관세 여파 속 리플 침체… 구글 AI ‘제미니’ 4달러 돌파 전망 제시

Soyeon Lee 3 hours ago
Dogecoin

Why The Dogecoin 3.49% Annual Inflation Is Actually Not A Bug

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後 の価格見通し:ETF資金流入が加速、10月に再上昇の兆しか

    イーサリアム 今後...

    7 hours ago
  • ビットコイン 今後 を巡る論争:CZとピーター・シフが「トークン化ゴールド」で激突

    ビットコイン 今後...

    7 hours ago
  • シバコイン 今後 の展望:眠れるコインが爆発的上昇を見せる可能性

    シバコイン 今後...

    7 hours ago
  • パイネットワーク 価格 の行方:不透明な市場の中で新興プロジェクトが急伸

    パイネットワーク 価格...

    7 hours ago
  • ドージコイン 今後 の展望:0.205ドルの抵抗線を突破か、新興ミームトークンが急騰予測

    ドージコイン 今後...

    7 hours ago

Newsletter

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.