The True Bitcoin Breakout Hasn’t Even Happened Yet, Volatility Shows
Bitcoin has undergone a massive rally over the past two weeks. From the lows set after the news broke regarding OKEx, the leading cryptocurrency has surged higher by almost 25%. As of this article’s writing, Bitcoin trades for $13,800. Despite this rapid move to the upside, not all analysts are convinced that the true Bitcoin […]
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Shortly before the markets closed in the UK yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we suggested how we would approach the markets throughout the Asian session, on expectations that markets and volatility and be able to implement our breakout strategy overnight. As it happened, we did get this volatility, and managed to get in and out of the markets pretty cleanly. So, with this said, what are the levels that we are watching today, and how we going to respond to any further volatility in the bitcoin price as business kicks off in Europe?....
In the latest article it was stated: The Bitcoin price is back above US$300 where it hasn’t been since the summer’s Grexit fiasco. This has been a strong up move, in which the last 7 days have been positive (green candles). This type of price action has not happened in a long time. The 50 day EMA also looks poised to crossover the 200 day EMA, although this has not happened yet. “If price gets back above US$270 and takes out US$273, a run for the US$290-$300 area is the next target. This is major resistance and as has been stated many times: if price fails to break this area, expect major....
Data shows Bitcoin’s monthly volatility has been lesser than both Nasdaq and S&P 500 recently, here are their numbers compared. Bitcoin 30-Day Volatility Has Plunged Down To Just 1.4% In Recent Days As per the latest weekly report from Arcane Research, the US equities having a higher 30-day volatility than BTC has only happened twice […]
Here's a look at what we are focusing on in the bitcoin price this morning. That’s another week gone in the bitcoin markets, and to be honest, it’s been a pretty dull turnout. We’ve had the odd scalp breakout, and in turn, the odd profit, and we are heading into the close net up on the markets (which can only be a good thing), but it hasn’t been anything to write home about. With any luck, we will get a bit of volume over the weekend (even better, during today’s morning session) and we will be able to get in on some sustained momentum breakouts. So, with that said, let’s get a look at what....
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,....