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CoinDesk
Bitcoin Price Watch; Here Are Today’s Key Levels
So it is Friday morning and it’s time to take the first of our twice daily looks at how action the bitcoin price fared overnight and where we expect things to go as we move forward into the session today.
Given how fast things are moving right now, it’s probably reasonable to jump straight into our analysis as opposed to wasting any time trawling over historic action but, with that said, the chart below shows what happened over the last few hours so it’s well worth taking a look about before closing in on the details.
So, take a quick look at the chart below before we get started and, once complete, read on to find out where we are looking to jump in and out of the markets according to the rules of our intraday strategy. The chart is a one-minute candlestick chart and it has our primary range overlaid in green.
As the chart shows, the range we are looking at for the session this morning comes in as defined by support to the downside at 13998 and resistance to the upside at 14305.
Standard breakout rules apply for the session right off the bat so, if we see price close above resistance, we are going to look at using that close as an entry signal towards an immediate upside target of 14400. A stop loss on a position somewhere in the region of 14280 will ensure we are taken out of the trade if things turn against us and price reverses towards the opposite side of our bias.
Looking the other way, to the downside, a break below support will have us on the lookout for a close below that level and, if we get the close, it will signal a downside entry towards an immediate target of on 13920. A stop loss on this one at 14020 looks good.
Charts courtesy of Trading View
The post Bitcoin Price Watch; Here Are Today’s Key Levels appeared first on NEWSBTC.
Bitcoin Price Watch; Here Are Today’s Key Levels
Here we go on another day of trading in our bitcoin price efforts and it’s time to get some levels in place that we can use to try and draw a profit from the market if and when things move.
Things have slowed down a little in terms of outright runs over the last few days and we’re guessing that this is symptomatic of nothing more than a bit of profit taking on the back of last week’s run.
Whether we will see a return to the exciting moves we saw at the end of last week as we head into the close of this one remains to be seen but – as is almost certainly the case – there’s a strong chance that the majority of those with any sort of stake in this market are doing exactly that.
Anyway,
Let’s try and get some levels in place that we can use for the session going forward and see if we can get in and out of the markets whatever happens. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand right now. The chart is a one-minute candlestick chart and it’s got our key range overlaid in green.
As the chart shows, the range we are looking at for the session today comes in as defined by support to the downside at 16401 and resistance to the upside at 16614. If we see price close above resistance, we’ll jump in long towards an immediate upside target of 16700. A stop at 16580 looks good on the trade.
Looking the other way, a close below support will have us in short towards 16320. A stop on this one at 16420 works well from a risk management perspective.
Let’s see how things play out.
Charts courtesy of Trading View
The post Bitcoin Price Watch; Here Are Today’s Key Levels appeared first on NEWSBTC.
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CoinDesk
Bitcoin Price Watch; Here Are Tonight’s Key Levels
So we are now closing in on the end of the day in Europe and it’s time to take a look at how action matured throughout the day in the bitcoin price today and – in turn – to put forward a strategy that we can incorporate into our operations in an attempt to pull a profit from the market on any volatility.
As ever, before we get started, take a quick look at the chart below so as to get an idea where things stand and where we are looking to jump in and out of the markets as and when things move. The chart is a one-minute candlestick chart and it’s got our primary range overlaid in green.
As the chart shows, the range we are going to be using for the session this evening comes in as defined by support to the downside at 16879 and resistance to the upside at 16990. We are going to stick with our standard breakout approach for the time being and if this changes we will update accordingly. The only reason it would change is if we saw a substantial breakout followed by some corrective (and, subsequently, consolidation) conditions so, realistically, we may be looking at tomorrow morning before any of that sort of action hits the tape.
Anyway, let’s get back to the present.
We’ve outlined our range so let’s look at the entry points.
If we see price break through resistance (so, to the upside), we will look to enter long on a close above that level towards an immediate upside target of 17050. A stop loss on the trade somewhere in the region of 16975 looks good from a risk management perspective.
Looking the other way, if we get a close below support, we’ll jump in to a short trade towards an immediate target of 16820.
Let’s see what happens.
Charts courtesy of Trading View
The post Bitcoin Price Watch; Here Are Tonight’s Key Levels appeared first on NEWSBTC.
Bitcoin Futures Are Here The Story So Far
The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange CBOE allowed bitcoin futures to begin trading under the symbol XBT. Chicago Mercantile Exchange CME is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017. Bitcoin futures were up over 20 percent leading into the U.S. market open. Current appetite for the futures contracts seems to show a stronger preference fo
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BitNewz.net
Bitcoin’s Journey from $1,000 to $10,000: The Stories That Got Us Here
The post Bitcoin’s Journey from ,000 to ,000: The Stories That Got Us Here appeared first on Bitcoin Magazine.
Bitcoin Price Watch; Here It Comes…
Things are really starting to heat up now in the bitcoin price and, over the next few hours, only one thing is going to be in everybody’s minds – can price reach ,000?
We’ve seen some incredible runs over the last few months driven by nothing more than improved sentiment and if we see a break above ,000, we are almost certainly going to see some continuation on the break and a bit of follow-through towards, say, ,100. Whether price can hold above that level remains to be seen.
Anyway, we’re going to put together some levels that we can use for the session today and see what happens from an intraday perspective.
As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to get in and out of the markets if and when things move. The chart is a one-minute candlestick chart and it has our range overlaid in green.
As the chart shows, the range we are looking at for the session today comes in as is defined by support to the downside at 9872 and resistance to the upside at 9900.
If we see price break through resistance, we are going to enter into a long position towards an immediate upside target of 9950. We need a stop loss on the trade to ensure that we are taken out for just a small loss if things turn against us, so we will look at placing one somewhere in the region of 9875 to keep things tight.
Looking the other way, if we get a close below support, we will jump into a short trade with a downside target of 9810. Again we need a stop loss and somewhere in the region of 9900 looks good.
Charts courtesy of Trading View
The post Bitcoin Price Watch; Here It Comes… appeared first on NEWSBTC.
Bitcoin Price Watch; Here Are Tonight’s Trades
We are closing in on the end of the European session in our bitcoin price trading efforts and it is time to take the second of our twice-daily looks at what has happened today in an attempt to put together a strategy that we can use to take advantage of any action we see this evening in the markets.
Anybody that caught our analysis this morning will know that we were looking for a continuation of the overarching strength to push through to fresh all-time highs in the bitcoin price. We pretty much got exactly what we were looking for, with price currently trading in and around 8240, just off highs of around 8266.
With any luck, we will see a continuation of this type of action as the US session matures to a close this evening. So, with this noted, let’s put together this evening’s strategy. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and what happened during the session today. It is a one-minute candlestick chart displaying the last few hours’ worth of action in the market and it has our range overlaid in green.
As the chart shows, then, the range that we are using for the session this evening comes in as defined by support to the downside at 8215 and resistance to the upside at 8268.
Standard breakout rules apply for the session so we will look to enter long towards an immediate upside target of 8300 if we see a break above resistance. Conversely, and looking the other way, if price closes below support, we will jump into a short entry towards an immediate downside target of 8175.
Stop losses on both positions will ensure we are taking out of the trades in the event that things turn against us.
Charts courtesy of Trading View
The post Bitcoin Price Watch; Here Are Tonight’s Trades appeared first on NEWSBTC.