Bitcoin Price Breaks to the Upside: Long Entries On!
In this morning's bitcoin price watch piece, we are going to take a look at the levels that proved important overnight, and try and attempt to put together a strategy for today's intraday trading throughout the European session. Its been a lively few days in the bitcoin markets, and with the launch of the NewsBTC Live Trading Room looming, it's a great time to get some volatility. So, with this said, here's what we are watching today, alongside a definition of our risk management parameters for today's session. First up, as ever, take a look at the chart to get an idea of what we're....
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Here's a look at what we are focusing on in the bitcoin price this morning. We’re heading into the Christmas period in the bitcoin price, and traditionally this is a pretty quiet period in the markets. We’re expecting a pretty similar trend across the crypto space (although there’s obviously some degree of Asian influence that will hold volume up in crypto, unlike in the US financial markets) so we’re not expecting any fireworks near term. With that said, over the weekend, we did finally get some solid momentum, and price ran up and through the 800 mark that we’ve been watching so closely....
Here's a look at what we are focusing on in the bitcoin price this morning. We asked for action in the bitcoin price, and it’s action we got. Things haven’t been this active on the intraday charts for months, and it finally looks like price might make its way through the elusive 700 mark near term. If it does, we expect a considerable upside momentum run as the shorts are squeezed out of the market and price gains on covering. Whatever happens, the action overnight gave us plenty to go at, and we managed to get in and out of the markets according to the rules of our intraday strategy on a....
XRP is down 58% from its all-time high, and two popular chart-focused accounts on X are framing the drawdown as a potential accumulation window rather than a trend break. How Low Will XRP Price Go? Crypto Patel (@CryptoPatel) told followers on Feb. 4 that XRP/USD has “entered our first accumulation zone at $1.50–$1.30.” In his post, he urged staggered entries rather than trying to time a single bottom. “Start buying slowly at these levels, no rush, just steady accumulation,” he wrote, positioning the move as capital-preservation after what he described as an earlier call highlighting a....
Here's the range and targets we are focusing on for our bitcoin price breakout strategy on Wednesday morning. Yesterday was a little up and down in the bitcoin price. We saw a steep upside run early morning (before the European session kicked off for the day) and then a pretty ragged period of consolidation. By the time we published our first price watch analysis (a little bit later than usual) we were well into the consolidatory phase, and looked to set up a framework through which we could get in long if the bullish momentum returned, and things took another turn to the upside. We got a....
The number of physical locations that accept bitcoin has rocketed, according to statistics from Coinmap.org's crowdsourced map. At the start of November, the number of entries on CoinMap stood at 552. This has nearly doubled to just over 1,000 current entries. The graph below, based on statistics collected by CoinMap contributor Rene-Lee Sylvain, shows the number of CoinMap entries from the end of October to 27th November. Graph showing entries on Coinmap.org. These statistics are based on the map's total number of entries, which is displayed publicly on the site. Sylvain said: "When I....