Bitcoin Price Range Holds: Bullish Break Today?
Yesterday afternoon, we published our twice-daily bitcoin price watch piece, highlighting the levels that we had been watching during today's session, and suggesting a couple of key levels that we will be keeping an eye on as we entered into Thursday evening and beyond. Now action has matured overnight, and Though we have not seen considerable movement in the bitcoin price, our key levels have changed from those we were watching last night. With this said, what are we watching now, and how can we play price action as we head into the European Friday morning session? Take a quick look at....
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Having declined steeply over the weekend, we reported in yesterday's bitcoin price watch piece that the BTCUSD initially kicked off the day trading gently to the upside within a predefined range, before kicking off a further decline and taking out our downside target. We later reported that we were looking at a fresh range throughout the evening on Tuesday, and that we would enter a short-term scalp trade if we don't break out of this range. Now as we enter a fresh European session, is this range still pertinent, and what things will be looking for in the event of a fresh break today? Take....
In yesterday's bitcoin price watch piece, we outlined our intraday strategy according to an altered approach. We suggested that - as a result of the relatively consistent fluctuations in the bitcoin price over the last few days, we would widen out our range a little and trade long from support and short from resistance, in an attempt to draw profit from intra range volatility. The strategy paid off and, as a result as we head into today's European session, we will incorporate the possibility for a range trade into today's plan of attack. So, with this said, here are the levels we are....
Toncoin is at a critical juncture as it tests the $1 range, a key level that has anchored its trading for weeks. How it reacts here could determine whether the range holds or breaks, setting the stage for either a bullish flip or an accelerated drop. With strong fundamentals in play but the chart still in control, traders are watching closely for the decisive signal. Range Flip Or Breakdown: What BTC Pair Tells Us About Toncoin Charting the TON/BTC and TON/USDT daily pairs, analyst Umair Crypto points out that Toncoin is at a critical juncture. On the BTC pair, the RSI has broken above its....
Late yesterday afternoon, shortly before the European session drew to a close (GMT) we published a piece highlighting the day's action in the bitcoin price, and offering up a number of key levels that we were looking to in order to gain some insight into a potential overnight bias. We suggested that a break of either in term support or resistance would offer up a bearish or bullish bias respectively, and noted the targets we would look to in the event of such a bias being signalled. This said, what I see happening overnight, and what are we looking at today? Take a quick look at the chart.....
UNI price creates more bullish sentiment as price forms rounded bottom below key resistance as price aims to break above. UNI closes the week with two bullish candlesticks. The price of UNI breaks and holds above 8 and 20 EMA. Uniswap token (UNI) has had a rough start to the year and has failed to hold key support as the price of Uniswap token (UNI) had a spiral from a high of $45 to the current price of $6.5 as price aims to break out from its long downtrend movement. The price of UNI has struggled to keep up with Bitcoin’s (BTC) range movement as this has affected most altcoins,....