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. Customers can send dollars, euro, pound sterling and bitcoin to anyone directly inside of iMessage, and can fund payments and cash out using almost any bank in the US, UK and, soon, Europe.
The race to capture the lion’s share of the ETF market is heating up. The Winklevoss ETF, once to be listed on NASDAQ, then later to on BATS, has just had a regulatory setback. SolidX is stepping up their game to provide a competitive foothold.
Ripple raises $55m in Series B Funding. Ripple also added new partners to the Ripple network; Standard Chartered, Westpac, National Australia Bank,