Bitcoin Price Watch; Mid Range Triangle Signals Upside
Here's what we are looking to trade in today's bitcoin price European morning session. Just as we did yesterday evening, we’re going to kick our bitcoin price analysis off this morning with a chart. The chart below shows the action seen in the bitcoin price throughout yesterday evening, and during the night. It’s a fifteen-minute candlestick chart, with the framework that we outlined in the second of yesterday’s analyses still overlaid. As the chart shows, shortly after we published our analysis, we got a break to the upside through in term resistance. The close that came after this break....
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Bitcoin price is still moving inside a triangle consolidation pattern but seems to be having trouble pushing for another upside breakout. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, moving inside a symmetrical triangle visible on its 1-hour chart. Zooming further back shows that price previously formed a triangle formation then broke to the upside. However, technical indicators are hinting that bitcoin price is having a tough time repeating this bullish performance this time. Technical Indicators Signals. The 100 SMA is below the 200 SMA for now so the path....
Here's what we are looking to trade this evening in the bitcoin price on Monday. When we published the first of our twice daily bitcoin price watch pieces this morning, we noted that – based on the volatility seen in the markets over the weekend – we would be a widen our standard range link in the region of $10 or $15, and in doing so, bring both our breakout and our intra-range strategies into play. We also highlighted a triangle that had formed on the 15 minute chart, and suggested that this triangle could represent a certain level of consolidation – and in turn – signal a return to the....
Bulls and bears are still fighting over where to take bitcoin price next, as a break from this consolidation pattern would confirm which side wins. Bitcoin Price Key Highlights. Bitcoin price has formed lower highs and higher lows, creating a symmetrical triangle on its 4-hour time frame. Price is currently testing the triangle resistance and waiting for more bullish momentum to trigger an upside break. Technical indicators are giving mixed signals at the moment but a breakout could provide longer-term direction for bitcoin trading. Technical Indicators Signals. The 100 SMA is above the....
Yesterday afternoon we published this piece outlining the day's action in the bitcoin price, alongside the potential future action as we headed into Tuesday evening and beyond. Having matured overnight, the bitcoin price has held a range within a downward sloping triangle frame, very similar to what we saw at the same time a day earlier. Now, as we head into the European open on Wednesday, what can we expect from the BTCUSD going forward? Let's take a look. The first thing to notice is the aforementioned triangle. having hit highs just ahead of 297 yesterday afternoon, the BTCUSD corrected....
Late last night, we published the second of our twice-daily Bitcoin price watch pieces. In the article, we highlighted the fact that a symmetrical triangle was forming in the Bitcoin price, and that action had confined itself within this triangle for the past couple of days. We also noted that-in combination with our standard breakout strategy-we would use this triangle to help us get in and out of the markets overnight. Action has now matured throughout the Asian session, and as we head into today's European afternoon, what are the levels to watch, and where will we define our risk and....