{"id":20042,"date":"2015-06-08T10:30:54","date_gmt":"2015-06-08T10:30:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=20042"},"modified":"2024-06-11T13:23:44","modified_gmt":"2024-06-11T13:23:44","slug":"bitcoin-price-up-and-down-more-to-come","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-up-and-down-more-to-come\/","title":{"rendered":"Bitcoin Price Up and Down; More to Come?"},"content":{"rendered":"<p>On Friday evening, shortly before the markets closed in the US, we published our twice-daily bitcoin price watch analysis piece highlighting the action we had seen in bitcoin throughout Friday&#8217;s session, and suggesting a couple of the key levels that we would be keeping an eye on over the weekend. We highlighted a couple of targets that \u2013 in the event of a breakout \u2013 we could draw entry upon, and suggested where our risk management parameters best lay. Now, action has matured over the weekend, and we have seen quite a lot of volatility. With this said, what are the levels we are keeping an eye on in the bitcoin price today, and how can we draw a profit from the market according to our scalp strategy? Take a look at the chart.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2015\/06\/bitcoin-price9.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-20045\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2015\/06\/bitcoin-price9.png?resize=900%2C423\" alt=\"bitcoin price\" width=\"900\" height=\"423\"><\/a><\/p>\n<p>As the chart shows, action during Sunday&#8217;s session held all the volatility. First, we saw a sharp decline towards lows just ahead of 221.80, followed by a quick recovery and a run up this morning to daily highs of 224.63. The aforementioned of these two levels now serves as in term resistance. In term support sits at 222.55.<\/p>\n<p>If we get a break above 224.63, it will put us long towards an initial upside target of 229 flat. A stop loss somewhere around 223.60 will take us out of the trade in the event of a bias reversal.<\/p>\n<p>Looking the other way, if current levels hold and we get a run back towards 222.55 (in term support) we will look for a close below this level to validate an initial downside target of 220 flat, with a stop loss somewhere around 223 maintaining a positive risk reward profile. An aggressive short entry could be back down towards in term support from current levels, with a stop loss around 225 flat if resistance holds and we get a range bound bear run.<\/p>\n<p>Charts courtesy of <a href=\"https:\/\/www.tradingview.com\/e\/?symbol=BTCUSD\" rel=\"nofollow\">Trading View<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday evening, shortly before the markets closed in the US, we published our twice-daily bitcoin price watch analysis piece highlighting the action we had seen in bitcoin throughout Friday&#8217;s session, and suggesting a couple of the key levels that we would be keeping an eye on over the weekend. We highlighted a couple of targets that \u2013 in the event of a breakout \u2013 we could draw entry upon, and suggested where our risk management parameters best lay. Now, action has matured over the weekend, and we have seen quite a lot of volatility. With this said, what are the levels we are keeping an eye on in the bitcoin price today, and how can we draw a profit from the market according to our scalp strategy? Take a look at the chart. As the chart shows, action during Sunday&#8217;s session held all the volatility. First, we saw a sharp decline towards lows just ahead of 221.80, followed by a quick recovery and a run up this morning to daily highs of 224.63. The aforementioned of these two levels now serves as in term resistance. In term support sits at 222.55. If we get a break above 224.63, it will put us long towards an initial upside target of 229 flat. A stop loss somewhere around 223.60 will take us out of the trade in the event of a bias reversal. Looking the other way, if current levels hold and we get a run back towards 222.55 (in term support) we will look for a close below this level to validate an initial downside target of 220 flat, with a stop loss somewhere around 223 maintaining a positive risk reward profile. An aggressive short entry could be back down towards in term support from current levels, with a stop loss around 225 flat if resistance holds and we get a range bound bear run. Charts courtesy of Trading View<\/p>\n","protected":false},"author":51,"featured_media":20045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,486,679,1144,5016,11,4183],"class_list":["post-20042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-charts","tag-bitcoin-price","tag-btcusd","tag-how-to-trade-bitcoin","tag-news","tag-trade-bitcoin"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Up and Down; More to Come?<\/title>\n<meta name=\"description\" content=\"The analysis of the levels of the price to keep a look on and the strategy to draw profit .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-up-and-down-more-to-come\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Up and Down; 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