Analysis provided by Ashton Fraser, learn more about his trading strategies at the Forex Lasers forum.
As we discussed yesterday, Bitcoin has been going through wild swings this week, hitting a month low of around 330, only to recover significantly, where it’s currently residing around 515; but as the weekend dawns upon us, it seems price action has entered a phase […]
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After the last couple of weeks’ surging bulls, this week has been so far, a drab affair, relatively speaking ,with the 50% resistance zone proving to be much stronger than I had expected, although if we’re to zoom into the four hour time frame, there are some technical nuggets to be found. Over the weekend, I posted the […]
Since my last analysis on Bitcoin last week, the resistance I spoke about has been broken with aplomb, and it seems we could see a further rise to around 725 fairly soon, with some very strong bullish technicals on show. Last week we posted the following chart (click to expand): Where I highlighted in a blue ellipse some […]
As I predicted over the weekend, Bitcoin is struggling to rise above a confluence of resistance zones represented by two key Fibonacci retracement levels on different timeframes. If you recall, during my previous BTC/USD analysis, I posted the following two charts (Weekly and Daily timeframe respectively): Where I mentioned. “Price has hit some resistance, marked by […]
NMC/BTC Technical Analysis – 12th May 2014 By Ashton Fraser on May 12, 2014 in Trading Namecoin vs Bitcoin has been continuing on the meandering path which it’s been negotiating over the past fortnight, between two Fibonacci levels. During my last technical analysis on NMC/BTC, I posted the following Daily chart: For which I performed the Fibonacci study […]
After a few days of consolidation, Peercoin looks to be on its way up – although some further confirmation shall be required before we can ascertain such bulls with a valid threshold of confidence. Let’s take a closer look at the latest PPC/USD Daily chart below (click to expand): I’ve performed the Fibonacci study from the high of […]
As we have been discussing almost all week, Bitcoin is threatening to rise to a certain resistance level – most importantly, one of our conditions which I stated yesterday has been fulfilled, giving me great confidence in the anticipated rise. During yesterday’s analysis, I posted the following chart (click to expand): For which I’ve performed the Fibonacci study […]
NMC/BTC Technical Analysis – 8th May 2014 By Ashton Fraser on May 8, 2014 in Trading Namecoin vs Bitcoin has been meandering between two Fibonacci levels over the past couple of weeks, and the way things are going, this may continue for a few days yet. Let’s take a closer look at the latest NMC/BTC Daily chart below: […]
Over the past twenty four hours Namecoin has been struggling to move beyond a certain resistance zone, and I can’t see it succeeding any time soon. Let’s take a closer look at the latest NMC/USD H4 chart below: I’ve performed the Fibonacci study from the high of the month on the 1st, until the low of the month […]
