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 21: Will the rally continue?
By Leon Pick on August 21, 2014 in Trading
In short, it’s a tough call. There are factors pointing in both directions. BTC/USD is coming off a rise of 10% within 24h and a 67% recovery from its flash crash to $309 on BTC-e. The question is if the rally is slowing […]
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, […]
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 […]
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 […]
Bitcoin Trading (BTC/USD) Technical Analysis, June 1: An 11-week high By Leon Pick on June 1, 2014 in Trading BTC/USD is trading at its highest level since mid-March. At that time, Bitcoin was caught in an unsettled period sandwiched between the MtGox collapse and the latest round of crackdowns in China. With those events receding in the rear-view mirror, the […]
PPC/BTC Technical Analysis – 8th May 2014 By Ashton Fraser on May 8, 2014 in Trading From a longer timeframe perspective, Peercoin vs Bitcoin continues to hover around the last major Fibonacci zone of support, yet if we zoom into a lower timeframe such as the fifteen minute, we can see it’s been more than merely a random levitation. […]
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 – 29th April 2014 By Ashton Fraser on April 29, 2014 in Trading Since the 24th, Litecoin vs Bitcoin has been falling like a leaf, from a high of 0.0257, reaching a two week low of 0.0229. The move down was consistent, but there is good reason to believe the latest support can help drive some […]
