Archive | daytrading

Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish?

Key Points Bitcoin cash price after trading as low as $533 against the US Dollar found support and traded higher. Yesterday’s highlighted crucial descending channel pattern with resistance near $625 on the hourly chart of BCH/USD (data feed from Kraken) was broken. The price is now following a bullish path and could trade above $720 […]

Bitcoin Cash Price Technical Analysis – BCH/USD Declining Channel

Key Points Bitcoin cash price extended its correction and even traded below the $700 level against the US Dollar. There is a crucial descending channel pattern with resistance near $620 forming on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to decline in the short term and could even retest […]

Bitcoin Price Technical Analysis – BTC/USD Short-term Bearish

Key Points Bitcoin price is struggling to move above $4200 against the US Dollar and heading lower. The BTC/USD pair is currently attempting a downside break below a contracting triangle at $4030 on the hourly chart (data feed from SimpleFX). A close below $4000 could result in more declines towards $3800 in the short term. […]

Bitcoin Cash Price Technical Analysis – BCH/USD Correction Initiated

Key Points Bitcoin cash price after rocketing above the $900 level against the US Dollar started a correction wave. There was a break below a major bullish trend line at $740 on the hourly chart of BCH/USD (data feed from Kraken). The price might correct further in the near term towards the $640 support or […]

Bitcoin Price Weekly Analysis – Can BTC/USD Hold This

Key Points Bitcoin price was under some pressure due to solid rise of BCH against the US Dollar above $800. The BTC/USD pair is currently trading above a bullish trend line positioned at $4000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). As long as the price is above the $4000 level, it […]

Bitcoin Cash Price Weekly Analysis – BCH/USD Monstrous Ride

Key Points Bitcoin cash price rocketed higher and moved to a new all-time high at $946 against the US Dollar. There is a short-term connecting bullish trend line forming with support at $740 on the 4-hours chart of BCH/USD (data feed from Kraken). The price might resume its uptrend and could even retest the $940 […]

Bitcoin Cash Price Technical Analysis – BCH/USD Surges Higher

Key Points Bitcoin cash price after consolidating just below the $300 level gained heavy bids against the US Dollar. There was a break above a major bearish trend line at $300 on the hourly chart of BCH/USD (data feed from Kraken). The price rocketed higher and broke many hurdles on the way up towards $500. […]

Bitcoin Cash Price Technical Analysis – Can BCH/USD Break This?

Key Points Bitcoin cash price remains below the $310 level, but currently attempting an upside break against the US Dollar. This week’s highlighted major descending channel pattern with current resistance at $302 on the hourly chart of BCH/USD (data feed from Kraken) is currently put to test. The price may break above the channel resistance […]

Bitcoin Cash Price Technical Analysis – BCH/USD Poised for Declines

Key Points Bitcoin cash price remained in the bearish zone below the $310 level against the US Dollar. Yesterday’s highlighted crucial descending channel pattern with current resistance at $311 on the hourly chart of BCH/USD (data feed from Kraken) is intact. The price may continue to decline and might fail on rallies towards $310-320. Bitcoin […]

Bitcoin Cash Price Technical Analysis – BCH/USD Struggle Continues

Key Points Bitcoin cash price continued to move down and currently trading below the $320 level against the US Dollar. There is a crucial descending channel pattern with resistance at $315 forming on the hourly chart of BCH/USD (data feed from Kraken). The price may extend its decline and might soon test the $275 support […]

Bitcoin Cash Price Technical Analysis – BCH/USD To Extend Declines

Key Points Bitcoin cash price failed to move past the $360 level against the US Dollar and started trading lower. There is a major descending channel pattern with resistance at $310 forming on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to decline and could even test the $280-275 support […]

Bitcoin Price Weekly Analysis – BTC/USD In Monstrous Uptrend

Key Points Bitcoin price rocketed higher above the $4000 level for a new high at $4098 against the US Dollar. There was a break above a crucial contracting and ascending triangle at $3765 on the 4-hours chart of BTC/USD (data feed from SimpleFX). Buying on dips towards the $3850 remain a good idea in the […]

Bitcoin Cash Price Technical Analysis – BCH/USD Testing Support

Key Points Bitcoin cash price continued to move down and traded towards the $270 support against the US Dollar. There was a break above a connecting bearish trend line with resistance near $300 on the hourly chart of BCH/USD (data feed from Kraken). The price failed to gain momentum after the break and continued to […]

Bitcoin Cash Price Technical Analysis – BCH/USD Attempting Upside Break

Key Points Bitcoin cash price is trading in a tiny range above the $320 level against the US Dollar. There is a major contracting triangle pattern with resistance near $360 forming on the hourly chart of BCH/USD (data feed from Kraken). A break and close above the $360 level might call for more gains in […]

Bitcoin Cash Price Technical Analysis – BCH/USD False Break

Key Points Bitcoin cash price recently surged above the $400 level against the US Dollar, but quickly reversed gains. There was a break below a bullish trend line with support at $330 on the hourly chart of BCH/USD (data feed from Kraken). The price may move higher once again, but faces many resistances such as […]