Bitcoin Could Make Its Next Major Move This Week — Time To Buy?

Price at the time this article was written is: US$237.44. Last week, the article began with: “The good news continues to be discounted, which generally isn’t indicative of a move higher. On the other hand, there’s an old adage which applies here: ‘Never short a dull market.’” Resolution of this range should come soon and it could be a big move since there has been less and less on-exchange liquidity in recent months. Technically we are pretty much in the same place with perhaps a more bearish leaning slant since price is having so much difficulty staying above its 50 day EMA. As has been....

Last Week we concluded with the following: We remain bullish across all time frames though the long-term view is not as strong as last week. We are keeping an eye on the US$210-220 zone to be our turn to represent step #2 of a trend change but it is very premature to make the call and requires weeks of confirmation. However, it is reasonable to begin establishing bullish positions because the risk-reward ratio is really good, picking up bitcoins in the US$220-235 zone for a short-term move back to US$250 or a longer-term goal above US$300. The risk is very small as a move down to the low....

Key Highlights. Litecoin price continued to stay above a major support area of $3.0 and looks set to challenge $3.20-30. There is a bullish trend line formed on the 4-hours chart of the Litecoin price, acting as a support area. Litecoin price attempt to trade higher was successful, as it moved above a major pivot of $3.20 this past week. $3.20 as Pivot. The Litecoin price after trading a touch above a major level of $3.20 started a correction. The price corrected as low as $3.00 where buyers appeared to prevent downsides and pushed the price higher. There is a bullish trend line formed on....

Here's a look at what we are focusing on in the bitcoin price this evening. There we go – another week done in the bitcoin price. We’ve had a great week, and there have been loads of chances for us to get in and out of the markets according to our intraday strategy. Unfortunately, we haven’t managed to draw as much from the market on this last day of action as we might have liked. Not that price didn’t move (as we’ll get to shortly, it really did) but just that the move was a bit choppy, and didn’t mirror the sustained momentum we have enjoyed over the past few days. With that said,....

This week is when volatility returns and a make-or-break moment for BTC/USD hits, traders believe. Bitcoin (BTC) is nearing the end of a consolidation period, which traders are betting will spark a fresh bullish breakout.In a tweet on Tuesday, popular trader Crypto Ed became the latest voice in the expanding bullish movement calling time on lower BTC price levels.Data: D-Day for Bitcoin price starts WednesdayAfter consolidating in a broad range since hitting $30,000, BTC/USD is printing higher lows and lower highs on lower timeframes. This narrowing wedge on the chart has a logical....