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Author: NewsBTC

Ethereum Price Technical Analysis – ETH/USD Resistance Turned Support

Key Highlights ETH price corrected lower further against the US Dollar, but found support near $9.60. There is a connecting bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $10.05. The price remains supported on the downside, as an earlier resistance is … Continue reading Ethereum Price Technical Analysis – ETH/USD Resistance Turned Support

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Bitcoin Price Watch; Trading The Volatility

Things are really starting to move now in the bitcoin price. Yesterday, and to some extent, the day before, action was relatively flat. This is not necessarily a bad thing. Sometimes, and especially after a period of extended movement, we need to see some flat action as price consolidates. Consolidation generally precedes a return to … Continue reading Bitcoin Price Watch; Trading The Volatility

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Ethereum Price Technical Analysis – ETH/USD Strength Short-lived

Key Highlights ETH price managed to trade higher above $10.20 against the US Dollar, but failed to hold gains. There was a bearish trend line (as highlighted in yesterday’s post) on the hourly chart (data feed via SimpleFX) of ETH/USD, which was cleared for an upside move. The price traded as high as $10.37 where … Continue reading Ethereum Price Technical Analysis – ETH/USD Strength Short-lived

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Bitcoin Price Watch; Live Trade!

In our bitcoin price analysis this morning, we set up a pretty tight range, and noted that we would look to get in and out of the markets according to the rules of our intraday breakout strategy if price broke through either of the parameters that defined this range. Action has now matured throughout the … Continue reading Bitcoin Price Watch; Live Trade!

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Bitcoin Price Watch; Return To The Upside?

So we are about to kick things off for another day of trading in the bitcoin price, and action overnight has been pretty interesting. Our primary focus yesterday was the seeming consolidation of bitcoin throughout the early morning session, and what this might have suggested about what we could expect going forward. Specifically, when we … Continue reading Bitcoin Price Watch; Return To The Upside?

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Ethereum Price Technical Analysis – ETH/USD Bearish Signs Emerge

Key Highlights ETH price traded a touch lower against the US Dollar, and closed below the $9.50 support area. Yesterday’s ascending channel pattern on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to clear the way for more downsides. There is a bearish trend line on the same chart, acting as a … Continue reading Ethereum Price Technical Analysis – ETH/USD Bearish Signs Emerge

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Canada Goose May Soon Start Accepting Bitcoin

Canada Goose, a popular Canadian clothing brand may soon start accepting Bitcoin payments. The company’s positive response to a request along those lines indicates its willingness to adopt the popular cryptocurrency. The Bitcoin community is growing at a rapid pace. As people continue to find ways to spend bitcoin, they have started urging their favorite … Continue reading Canada Goose May Soon Start Accepting Bitcoin

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Bitcoin Price Watch; Playing This Evening’s Levels

In this morning’s analysis, we noted that the bitcoin price seemed to have settled down a bit, and was carving out a relatively tight range. In turn, we highlighted the fact that this range might present us with a nice opportunity to get in and out of the markets on a breakout position during the … Continue reading Bitcoin Price Watch; Playing This Evening’s Levels

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Ethereum Price Technical Analysis – ETH/USD About To Rise?

Key Highlights ETH price managed to remain above the $9.40 support area against the US Dollar, and may trade higher. There is an ascending channel pattern formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which taking the price higher. The price is currently above the 100 hourly simple moving average, which is … Continue reading Ethereum Price Technical Analysis – ETH/USD About To Rise?

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