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BTCUSD daily closes now keyBitcoin has staged a minor recovery from the $9,100 support level, following the early breakout below the July 2nd trading low. Daily price closes around the $9,600 level are now key and are likely to be the next directional catalyst for the BTCUSD pair. Short-term technical indicators also have a much-needed bullish correction are reaching extreme oversold conditions on Wednesday. The BTCUSD pair is only bullish while trading above the $9,600 level, key resistance is located at the $10,000 and $10,400 levels. If the BTCUSD pair trades under the $9,600 level, sellers may test towards the $9,100 and $8,800 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD making lower lowsBitcoin is trading back under the $10,600 level in early Monday trade after the BTCUSD pair suffered heavy losses over the weekend. The short and medium-term outlook for the BTCUSD pair is now shifting, with price now making lower highs and crucially, lower lows. A break below the psychological $10,000 level exposes a very important technical test of the $9,600 support level. The BTCUSD pair is only bullish while trading above the $11,800 level, key resistance is located at the $12,000 and $12,400 levels. If the BTCUSD pair trades under the $11,800 level, sellers may test towards the $10,000 and $9,600 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD rejected from $13,000Bitcoin has suffered a heavy technical rejection from the $13,000 level, as bulls failed for the second day to maintain price above this crucial area. The bearish head and shoulders pattern on the four-hour time frame is now complete, with the $11,800 level back in focus. The overall negative sentiment in the entire cryptocurrency market is also weighing on the BTCUSD pair. The BTCUSD pair is only bullish while trading above the $12,400 level, key resistance is located at the $13,000 and $13,300 levels. If the BTCUSD pair trades under the $12,400 level, sellers may test towards the $10,500 and $9,600 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD awaiting confirmationBitcoin continues to trade in a large price range as traders await technical confirmation that a medium-term high has been reached. The BTCUSD pair has posted five consecutive months of trading gains, leaving traders cautious towards selling the number one cryptocurrency. A final technical test back towards the $12,500 and $13,000 resistance levels still remain possible this week. The BTCUSD pair is only bullish while trading above the $10,500 level, key resistance is located at the $12,500 and $13,000 levels. If the BTCUSD pair trades under the $10,500 level, sellers may test towards the $10,200 and $9,800 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD $10,200 keyBitcoin it attempting to recover bullish momentum after coming under downside pressure earlier this week below the $10,000 level. The $10,200 support level is the neckline of a bearish head and shoulders pattern with a large four-digit downside projection. The BTCUSD pair may also come under further selling pressure from the series of bearish candles across the weekly and daily time frames. The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is located at the $11,800 and $12,400 levels. If the BTCUSD pair trades under the $10,200 level, sellers may test towards the $9,000 and $8,500 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD range tradeBitcoin has started to settle into a large trading range after the number one cryptocurrency found strong resistance from the $14,000 level last week. Selling the top-end of the BTCUSD pairs is range the preferred strategy until technical readings on the daily time frame correct from overbought. The $11,800 level is the key pivot point for the BTCUSD pair and also the neckline of a much-larger bullish pattern. The BTCUSD pair is bullish while trading above the $11,800 level, key resistance is located at the $12,500 and $13,400 levels. If the BTCUSD pair trades under the $11,800 level, sellers may test towards the $11,000 and $10,600 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD terbeli kuatBitcoin telah melambung ke atas level $10,000 untuk pertama kalinya sejak bulan Maret 2018 begitu bulls menembus tanda lima angka dengan mudah. Prakiraan teknis jangka pendek dan jangka menengah saat ini tengah mengalami overbought, meninggalkan pasangan BTCUSD terbuka untuk pengambilan keuntungan yang besar. Kegagalan untuk menciptakan posisi tinggi terbaru yang lebih tinggi mampu menarik sebuah pergerakan kembali ke level $10,000. Pasangan BTCUSD bullish ketika diperdagangkan di atas level $10,600, kunci ketahanan berada pada level $11,000 dan $11,400. Jika pasangan BTCUSD diperdagangkan di bawah level $10,600, para penjual kemungkinan akan menjajal tingkat dukungan $10,000 dan $9,800.
by OctaFX_Official
BTCUSD extremely overboughtBitcoin has surged above the $10,000 level for the first time since March 2018 as bulls broke through the five-figure mark with ease. Short and medium-term technical readings are extremely overbought at present, leaving the BTCUSD pair open to large profit taking. Failure to make new higher highs may attract a move back towards the $10,000 level. The BTCUSD pair is bullish while trading above the $10,600 level, key resistance is located at the $11,000 and $11,400 levels. If the BTCUSD pair trades under the $10,600 level, sellers may test towards the $10,000 and $9,800 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD $10,000 expectedBitcoin bulls have returned in force after breaking through the $9,000 level and moving the number one crypto to a new 2019 trading high. The BTCUSD pair offers limited resistance above the $9,300 level, leaving the $10,000 level a likely near-term target. Only a sustained bearish move below the $8,400 support level will put the recent up move in the BTCUSD into question. The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is located at the $9,300 and $10,00 levels. If the BTCUSD pair trades under the $8,400 level, sellers may test towards the $8,200 and $8,000 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD working through cloud resistanceBitcoin has been steadily working through Ichimoku cloud resistance on the four-hour time frame as the BTCUSD pair enjoys a late-week bid. The Ichimoku cloud is also showing that future key resistance for the BTCUSD pair is located around the $8,800 level. Bulls first need to break through the $8,400 resistance level to encourage the next round of technical buying. The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is located at the $8,800 and $9,000 levels. If the BTCUSD pair trades under the $8,200 level, sellers may test towards the $8,000 and $7,700 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD at a crossroad in the short-termBitcoin remains technically weak in the short-term, with the number one cryptocurrency so far finding weekly support from the $7,400 level. The one-hour time frame is showing that the BTCUSD pair is truly at a crossroad, with both a head and shoulders and inverted head and shoulders patterns now present. The BTCUSD pair can trade in a broad range between the $7,400 to $8,400 levels before the next directional move becomes clear. The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is found at the $9,000 and $9,600 levels. If the BTCUSD pair trades under the $7,400 level, sellers may test towards the $7,000 and $6,500 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD bearish below $8,400Bitcoin has stared the month of June fairly subdued, with bulls so far failing to stop the cryptocurrency moving back under the $8,000 level. However, the bullish pattern on the four-hour time frame still remains in play, with neckline support currently located at the $8,400 level. Overall, the BTCUSD pair needs to move price above the $8,400 level or it risks a much deeper technical pullback towards the $7,000 level. The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is found at the $9,000 and $9,600 levels. If the BTCUSD pair trades under the $8,400 level, sellers may test towards the $7,000 and $6,500 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD holds neckline supportBitcoin is once again testing towards the $9,000 resistance level after the recent technical pullback found strong buying interest from neckline support. The bullish pattern on the daily time frame still remains in play, which may eventually take the BTCUSD pair above the $12,000 level. Overall, the BTCUSD pair is set to close the month triple-digit gains and continues to ease towards the key $10,000 level. The BTCUSD pair is bullish while trading above the $8,500 level, key resistance is found at the $9,000 and $9,600 levels. If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $8,300 and $8,000 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD $9,000 now key resistanceBitcoin remains well supported above the $8,700 level after the number one cryptocurrency found interim technical resistance from just below the $9,000 level on Monday. If bulls can break above the $9,000 level the BTCUSD pair offers only limited technical resistance until the $9,600 level. To the downside, a break below the $8,500 level may expose another test of the $8,300 support level. The BTCUSD pair is heavily bullish while trading above the $9,000 level, key resistance is found at the $9,600 and $10,000 levels. If the BTCUSD pair trades under the $8,700 level, sellers may test towards the $8,300 and $8,000 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD bullish pattern buildingBitcoin is trading towards the worst levels of the week in early Thursday trade as BTCUSD bears attempt to attack towards downside support once again. The four-hour time frame is showing that an inverted head and shoulders pattern is building. The bullish pattern has an upside target that would take the BTCUSD pair above the psychological $10,000 resistance level. The BTCUSD pair is bullish while trading above the $8,000 level, key resistance is found at the $8,500 and $10,000 levels. If the BTCUSD pair trades under the $8,000 level, sellers may test towards the $7,400 and $7,100 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD bulls back in controlBitcoin has recovered sharply higher in early Monday trade after the number one cryptocurrency found strong technical support from just below the $6,500 level. If buyers can breach the current yearly trading high the BTCUSD pair could eventually test towards the $10,000 resistance level. The daily time frame is showing that key support from the Ichimoku indicator is located at the $7,100 level. The BTCUSD pair is strongly bullish while trading above the $8,000 level, key resistance is found at the $8,500 and $10,000 levels. If the BTCUSD pair trades under the $8,000 level, sellers may test towards the $7,100 and $6,500 support levels.
BITSTAMP:BTCUSD
by OctaFX_Official
BTCUSD $8,000 major resistanceBitcoin has broken through the $7,000 resistance level, with the number one cryptocurrency by market capitalization gaining nearly twenty percent since it moved above the $6,000 level. The $7,500 level offers strong technical resistance, although the $8,000 level is seen as formidable weekly resistance. The strong move higher hasnow created a large inverted head and shoulders on the daily time frame. The BTCUSD pair is bullish while trading above the $6,500 level, key intraday resistance is found at the $7,500 and $8,000 levels. If the BTCUSD pair trades under the $6,500 level, sellers may test towards the $6,300 and $6,000 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
BTCUSD $6,000 key resistanceBitcoin is starting to receive a fresh round of buying demand in early Tuesday trade with the number one cryptocurrency breaking through the $5,800 resistance level. The $5,620 is now former key resistance turned key support if the BTCUSD pair moves below the $5,800 level. Overall, the BTCUSD pair is targeting the $6,000 level and possibly the $6,300 resistance level. The BTCUSD pair is bullish while trading above the $5,620 level, key intraday resistance is found at the $6,000 and $6,300 levels. If the BTCUSD pair trades under the $5,800 level, sellers may test towards the $5,620 and $5,480 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
BTCUSD $4,900 critical supportBitcoin is attempting to correct higher in early week trade after the BTCUSD pair found strong support from the $4,930 level last week. Buyers need to move the BTCUSD pair above the $5,200 level in order to regain bullish short-term trading momentum. Daily price closes above the $5,260 level should also encourage further gains, while daily price closes below the $4,930 level should be taken as bearish. The BTCUSD pair is only bullish while trading above the $5,200 level, key intraday resistance is found at the $5,400 and $5,620 levels. If the BTCUSD pair trades under the $5,200 level, sellers may test towards the $4,900 and $4,750 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
2
BTCUSD now correcting lowerBitcoin is staging a strong technical correction lower on Thursday after finding interim technical resistance from the $5,620 level earlier this week. The Ichimoku indicator on the daily time frame is still showing that the $,5260 level is major weekly support for the BTCUSD pair. The Relative Strength Index and the Stochastic indicator on the daily time frame are both still trading in overbought territory. The BTCUSD pair is only bullish while trading above the $5,260 level, key intraday resistance is found at the $5,620 and $5,700 levels. If the BTCUSD pair trades under the $5,260 level, sellers may test towards the $5,200 and $5,080 support levels.
BITFINEX:BTCUSD
by OctaFX_Official
BTCUSD still bullish above $5,200Bitcoin is attempting to advance above its current 2019 trading high, at $5,452, in early Tuesday trade, with the BTCUSD pair still well supported by strong dip-buying demand. The daily frame is showing that the $5,260 and the $5,200 levels are the main intraday support areas. Overall, the BTCUSD pair has a bullish weekly bias while trading above the $5,200 level and may start to target the $5,700 level. The BTCUSD pair is only bullish while trading above the $5,200 level, key intraday resistance is found at the $5,452 and $5,700 levels. If the BTCUSD pair trades under the $5,200 level, sellers may test towards the $5,080 and $4,900 support levels.
BITFINEX:BTCUSD
by OctaFX_Official