BTCUSD Archives - Page 2 of 2 - TriumphFX Analysis

25
Mar

Cryptocurrency Update – April, May & June 2020

Posted BySamuel Morton Category Daily FX Analysis

***Coronavirus fears are driving markets – cash fleeing to safe-haven currencies (CHF, JPY, USD). Stock markets down*** Bitcoin (BTCUSD) – Daily & Weekly Charts As suggested in our last cryptocurrency update, BTCUSD has been bearish. Price has broken the recent daily bearish channel but price action has …

12
Mar

TriumphFX Crypto Analysis – Where could cryptocurrencies go from here?

Posted BySamuel Morton Category Daily FX Analysis

*** Coronavirus fears are driving financial markets. Recession concerns, interest rate cuts and a drop in Oil prices are causing market volatility. Cryptocurrencies are not considered a safe haven in times of crisis, causing downside direction *** BTCUSD – 1 hour Bitcoin is clearly down-trending – price action …

3
Jan

Cryptocurrency Update – January, February & March 2020

Posted BySamuel Morton Category Daily FX Analysis

Bitcoin (BTCUSD) As suggested in our last Bitcoin chart analysis, Bitcoin reversed around the shorter-term moving average and has moved lower. Price action has formed a series of lower swing highs and swing lows – BTCUSD is down-trending. Price action has also formed a bearish channel. The moving …

3
Oct

Cryptocurrencies, where could they go from here? Bitcoin Update – October, November & December 2019

Posted BySamuel Morton Category Daily FX Analysis

Bitcoin (BTCUSD) As suggested in our last bitcoin analysis, price found support several times around the 38.2% Fib level and is now finding support around the longer-term moving average. The moving averages are bullish and steady, signalling that BTCUSD may attempt to move higher. Price action has formed …

2
Sep

Bitcoin Update; September, October, November & December 2019

Posted BySamuel Morton Category Daily FX Analysis

Bitcoin (BTCUSD) As suggested in our last cryptocurrency analysis, bitcoin found support and then became bullish. Price struggled to swing higher though and has since formed a lower swing high and is now ranging between 9385-12000, signalling weakening upside momentum. The moving averages continue to be bullish and …

17
Jul

Cryptocurrencies, where could they go from here? Bitcoin Update, July, August & September 2019

Posted BySamuel Morton Category Daily FX Analysis

Bitcoin (BTCUSD) Since our last crypto analysis, bitcoin has been extremely bullish and has broken a number of resistance levels. Price is up-trending but has been finding resistance around 12863. The moving averages are bullish and steady, signalling that the upside momentum could continue. Opportunities to go long …

19
Mar

Detailed Analysis of Bitcoin (BTCUSD)

Posted BySamuel Morton Category Daily FX Analysis

Bitcoin – from highs to lows Bitcoin hit all time highs around 19500 during December 2017. This was also the start of the Crypto sell-off – price has seen downside pressure since December 2017 to date. Could now be a good opportunity to buy bitcoin and re-invest in the once …

18
Feb

Cryptocurrencies, where could they go from here? Crypto update February 2019

Posted BySamuel Morton Category Daily FX Analysis

Bitcoin (BTCUSD) Bitcoin has been down-trending and is currently moving within a tight range at 3287-4295. Trading opportunities could exist around the support and resistance areas of the range and if price closes out of the range (break-out trade). The moving averages are bearish and widening, signalling that …