Bitcoin XBTUSD Next Trade Points
The break above the upper parallel at 3740 was a good one when it finally arrived, propelling Bitcoin to the first target range at 4018-4152 within a few minutes of the break. Volume was pretty good too.
Since then it's made a little flag before pushing higher still, triggering the next long shot from 4152 looking for further...
After making a double bottom off the 11265 line the Dax has pushed higher with the aid of US markets to test the first resistance line at 11414 after a high today at 11420.
There's a second line of resistance just above here at 11447.
Either look to buy the dip if we see it back to the lower smaller rising parallel supporting the rally - or...
Bitcoin Trade Points for Sunday Trades
Update: Bitfinex Feed 12:27gmt/07:27est
Bitcoin is really trying to break the downtrend here - a bear
engulfing green ...can buy or add once it's broken through to
upside if we see it.
It's tracking a narrow corridor/band of uncertainty right now,
trying to figure out he next move - cannot be trusted for sure
as a result...
Bitcoin: BTCUSD Next Trade Points Saturday
Yesterday's price action has created another bear flag,
smaller in scale than the one sitting above it, but so far quite
simailar. It looks to be better defined than the last one which
hopefully will create a signal worth trading off when it
The overall pattern is still bearish so the break, when it
Bitcoin Futures BTC1! CME Near Date
The futures chart is showing some of the clearest trend lines
at moment so is worth a look. Price action yesterday has not
helped the bull cause.
The chart shows Bitcoin is still in a very precarious state.
Yesterday's fencing battle with thrusts upwards and spikes
down was by turns dreary and stultifying and mixed with...
Bitcoin Bitstamp Feed
Still making a pretty consolidation pattern so far - we can
only really buy again now once the upper parallel has been
broken on upside - but day traders are risking buying these
lows and helping to prop it up here with stops just below for
small loss if they are wrong...if they are it triggers a reverse
short for them back to 10879...
Sitting beneath a strong resistance line, going to wait for a confirmation of a reversal then enter a short to just above the 0.5 level at 1.32838, it may continue past that but will lock profit at that level and ride it further down.