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 […]
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, […]
Litecoin Technical Analysis (LTC/USD): Litecoin coming dangerously close to $7, loses ground to BTC
By Leon Pick on August 6, 2014 in Trading
Litecoin has quietly resumed its slide and is now in danger of crossing over the psychologically significant $7 barrier.
LTC/USD is currently trading at $7.14 on BTC-e, sliding as low as $7.05. After a volatile weekend, LTC appeared to be […]
Bitcoin Technical Analysis 31st JulyBy Forexminute – Yes Option | Bitcoin | Jul 31, 2014 8:14AM BSTBTC/USD on the hourly charts broke below the important support level of $572 which it had been clinging onto since last couple of days. As soon as the support was breached, BTC/USD saw a huge sell off on the back of above average volumes. […]
Bitcoin Technical Analysis 28th JulyBy Forexminute – Yes Option | Bitcoin | Jul 28, 2014 9:31AM BSTAfter the long awaited break from the narrow trading range, the selloff in BTC/USD continues. On the hourly chart, BTC/USD dropped to an intraday low of $564. There was smart pull back and recovery from lower levels, but the currency at the current moment […]
Bitcoin Technical Analysis 21st JulyBy Forexminute – Yes Option | Bitcoin | Jul 21, 2014 10:07AM BSTDespite recent range bound trading in the digital currency, BTC/USD has been in a strong uptrend ever since it made a low of $340 after Mt. Gox filed for bankruptcy. Taking a long-term chart overview, BTC/USD has been in a very strong uptrend and […]
Analysis provided by Ashton Fraser, learn more about his trading strategies at the Lasers forex forum. As another week comes to a close, Bitcoin has returned back to the levels it reached at the end of last week, as the support we spoke about has stayed firm. During midweek, I posted the following BTC/USD Weekly chart: Where I […]
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 […]
The price action on Bitcoin over the weekend behaved in a manner precisely as I had envisioned, with price rising after certain conditions had been met, whilst the resistance zone, which has been holding for almost a fortnight, continues to stay firm. During my previous technical analysis on BTC/USD on Friday last week, I posted the following chart: […]
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: […]
