Bitcoin Price Analysis – Bullish channel continues to hold

Nathaniel Freire is a full time day trader trading Digital Assets, Forex and Stocks. Based in New Jersey, Nathaniel specializes in technical analysis with a twist of social sentiment and fundamental analysis. 

The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candlestick analysis. We aim for high-probability trade setups on BTCUSD and use very few indicators. All charts use BNC’s Bitcoin Liquid Index for maximum accuracy.

The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a purely speculative commodity on 4h+ timeframes.

Market Sentiment And Macro Key Points


  • Circle Pay announces iOS iMessage Bitcoin integration plans. Adding payments to iMessages reduces “the friction,” for consumers, says CEO Jeremy Allaire. “There’s a hurdle to have to install a smartphone app so that I can pay my buddy and all the inputting and set up. To do it all within the iMessages app is a lot easier.”

  • Bitfinex is showing positive signs by issuing its first reimbursement to customers.The company says they will “continue to press forward on all fronts, to expeditiously retire BFX tokens through equity conversion with qualified token holders, raising new

    Read more ... source: TheBitcoinNews