Bitcoin Trading- BTC/USD Technical Analysis, Aug 31: Bitcoin hanging on amid abnormal volume By Leon Pick on August 31, 2014 in Trading Some abnormally high bitcoin (BTC) trading volume on BTC-e has some traders wondering what will happen next. Over 35,000 BTC ($17 million) has been traded in the past 6 hours, by far exceeding the roughly 18,000 traded during […]
Bitcoin Trading- BTC/USD Technical Analysis, Aug 14: Support Broken, Declines to $521
By Leon Pick on August 14, 2014 in Trading
Judging by the sequence of events, it would seem that Bitcoin is following the lead of Litecoin and the alts, which have been caught in one of their most disastrous declines in recent memory. It just seems wrong, if not irrational, […]
Bitcoin Trading (BTC/USD) Technical Analysis, July 1: Will the auction hype last? By Leon Pick on July 1, 2014 in News Bitcoin (BTC) has added to yesterday’s gains, chalking up another 5% today. It is now trading near $650 on BTC-e and is within striking distance of the peak of its previous rally. Over the past two days, total […]
Analysis provided by Ashton Fraser, learn more about his trading strategies at the Lasers forex forum. Bitcoin appears to be trading within the confines of a very specific channel, determined by two key retracements levels, clearly observable on the Weekly timeframe, when applying a Fibonacci study. During midweek’s analysis, I posted the following BTC/USD Daily chart: Where I […]
Analysis provided by Ashton Fraser, learn more about his trading strategies at Forex Reversal. Well, the first week of June has come to a close, and what started off as something potentially promising, due to what occurred from mid to late May, turned into a pretty dry week all round. I was cautiously hoping there would be a break, […]
Bitcoin Trading (BTC/USD) Technical Analysis June 5th: Upside Triangle Breach By Ron Finberg on June 5, 2014 in Trading Since piercing above $500 towards the end of May and continuing its rally to begin June, prices of bitcoin have twice hit resistance at $670 (upper green line). Following the greater than 50% move high in only two weeks, the […]
PPC/BTC Technical Analysis – 2nd May 2014 By Ashton Fraser on May 2, 2014 in Trading After a steady rise over the past few days, Peercoin vs Bitcoin has retraced quite some distance. Will the bears continue to take hold? Let’s take a closer look at the latest PPC/BTC chart on the four hour timeframe (click to expand): […]
NMC/BTC Technical Analysis – 1st May 2014 By Ashton Fraser on May 1, 2014 in Trading After a number of consecutive bear days, Namecoin vs Bitcoin manages to attain some reprieve, with the bulls allowing it to retrace a fair few pips. During my last technical analysis on NMC/BTC, I contemplated, “So the key question is, is this southern […]
LTC/BTC Technical Analysis – 14th April 2014 By Ashton Fraser on April 14, 2014 in Trading Litecoin vs Bitcoin fell consistently over the weekend, but will a new week bring some stability at last? Not likely, although I doubt we’ll be seeing movements as large as what we saw on the 11th. Concerning my last technical analysis, the chart […]
LTC/BTC Technical Analysis – 28th March 2014 By Ashton Fraser on March 28, 2014 in Trading During my last technical analysis for Litecoin vs Bitcoin on the 26th of March, I mentioned how the 23.6% Fib level could be a struggle for price to go beyond. Indeed, not only was it a struggle, it was outright rejection. On Wednesday […]
