Bitcoin may seem as though it moves without rhyme or rhythm, but like all markets, the cryptocurrency’s key levels and directionality can be shown with technical analysis, too. Unfortunately for bulls, the cryptocurrency remains below a key technical analysis level that marked the start of Bitcoin’s 50% crash at the beginning of March. Bitcoin Remains…
DetailsLooking at the chart below, it’s fair to say that Bitcoin has been on a rollercoaster over the past week. After trading as high as $7,470 last week, the cryptocurrency plunged, first to $6,900, then to $6,550 in a second wave. From the highs, BTC was down 13%. But, over the past 36 hours, Bitcoin…
DetailsChainlink, the explosive cryptocurrency that recently set its all-time high amidst the peak coronavirus panic, has just triggered a sell signal on the TD 9 Sequential indicator across both the USD and BTC trading pairs. Is this unstoppable altcoin’s growth finally coming to a halt, or is this yet another minor bump in the road…
DetailsGold‘s growth continues to sustain, reaching new highs this week not traded since the last economic recession. The rally also is showing very few signs it will slow down any time soon, and one particular indicator confirms there is “more fuel in the tank,” according to an analyst. Gold Prices Soar to Over $1,730, Setting…
DetailsBitcoin is currently flashing some subtle signs of strength as the benchmark crypto pushes towards its resistance at $7,000, with this ongoing upswing providing most major altcoins with some much-needed strength. This has led one analyst to note that an aggregated index of some of the largest altcoins is signaling that bullish continuation is imminent,…
DetailsBitcoin price is in recovery mode, after the first-ever cryptocurrency suffered a record-breaking collapse and fall to under $4,000, shocking the crypto community and the world at large. The selloff has led to extremely oversold conditions, according to the Relative Strength Index indicator. When combined with a Bitcoin valuation substantially below where the highly cited…
DetailsBitcoin is currently correcting higher from the $6,559 swing low against the US Dollar. BTC price is now testing the 100 hourly SMA and it is likely to struggle near $6,960-$7,000. Bitcoin is slowly recovering higher after trading as low as $6,559 against the US Dollar. The bulls were able to push the price above…
DetailsEthereum is currently correcting higher from the $148 monthly low against the US Dollar. ETH price is now facing a couple of key hurdles near the $158, $162 and $164 levels. Ethereum is slowly recovering higher after trading as low as $148. The price is trading above the $152 level, but the bulls are facing…
DetailsRipple is currently correcting higher from the $0.1810 support against the US Dollar. XRP price is now facing key barriers and it could reverse towards the $0.1650. Ripple price is up more than 2% and it is above the $0.1860 level against the US dollar. There are still many hurdles near the $0.1900 level and…
DetailsBitcoin price closed last night’s weekly candle as a shooting star doji, which could signal that a powerful reversal and epic plunge is coming when formed at the top of an uptrend. Is there more downside in Bitcoin’s near term future? Or was the recent drop to under $4,000 the final bottom before the next…
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