Bitcoin Price Consolidates: Coiling Up For A Breakout?
As a general rule, once we get into a trade in the Bitcoin markets-and according to our intraday strategy-we don't get into another before the markets take us out automatically (either via a stop hit or a target hit). As such, and as we head into this evening's Asian session, we are not going to be taking a position, because we got into a long trade on the breaking of in term resistance a little earlier. With that said, this analysis isn't just for us-its for our readers, as well-and for those who aren't yet in a trade, here are the levels to keep an eye in in the Bitcoin price this....
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Here's a look at what we are focusing on in the bitcoin price this morning. Wow, what a night. We’ve been asking for some volatility in the bitcoin price for the last couple of days, and boy did we get it last night. Things we’re a little flat in to yesterday evening, and we noted in the second analysis of the day that we may see a sharp breakout based on the idea that the flat action heading into the late session was a sort of price coiling. Price coiling is a conceptual way to describe the pressure building between buyers and sellers in the (generally speculative side of the) market, and....
After yesterday's bullish action, can the bitcoin price gain further strength today or are we set for a short to medium term correction? Here's our take. Yesterday was a big day in the bitcoin space. In the wake of Hearn’s damning essay at the end of last week, the bitcoin price staged one of its sharpest declines of the year, and bottomed out around $350 flat – a level not seen since the beginning of December last year. A couple of days of consolidation, during which the bitcoin price traded essentially flat between a very tight range, brought us to yesterday afternoon. Across this period....
Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space. As the broader crypto market faces macroeconomic uncertainty and consolidates just below major resistance levels, ADA is now entering a critical phase. Price action remains range-bound, but sentiment is shifting as investors eye key technical patterns that could define the next move. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a....
After ending last week in a consolidation range, bitcoin is starting this week with a bullish breakout. Bitcoin (BTCUSD) 1H Chart April 6. There are two breakouts we can see in the 1H chart. 1) The first breakout was during the turn of the month after a few sessions of coiling. At the end of last week, price started to cross above the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). BTCUSD ended the week pushing at 256 but ended up in another consolidation for a couple of days. 2) Another breakout occurred as the weekend transitioned into the global trading week. In the 1H....
Bitcoin price found support last week just above 216 and started to consolidate. In the 1H chart, we can see that the cryptocurrency rallied to above 230 before starting to make lower highs and higher lows, forming a triangle. Bitcoin Price (BTCUSD) 1H Chart April 21. The 1H chart shows the coiling bitcoin price action as well as the RSI. Price and the 200-, 100-, and 50-hour simple moving averages (SMAs) are all merging together around 223-225. Essentially, there is a volatility squeeze and bitcoin price is approaching the apex. There is a theory that there are many types of cycles,....