The intraday charts of Bitcoin and Bitcoin Dominance moved very slow yesterday. In the intraday chart, Bitcoin Dominance broke 40.4% resistance yesterday, but had no strength to move up and now re-testing 40.4% as a support. Above 40.4% and below 41%, BTC.D will remain choppy with a weak bias towards 41%.
BTCUSD declined from $16,929 level since yesterday and now is trading in-between CRYPTOLEAN lines. Above $16,929, BTCUSD will move towards $17,688. Below it, we will see more downside pressure towards $15,678, but the price action will remain choppy. We will monitor the following scenarios. Scenario 1. A strong closure above $17,688 will make Bitcoin more...
XRPBTC dipped towards 0.00001969 BTC yesterday, but strongly recovered most of the dip. The daily candle closed above 0.00002110 BTC support, but today’s daily candle is testing this support. This comes from bullish BTC Dominance and bearish Bitcoin . We need a rejection of 0.00002110 BTC and a move up. The longer we stay below 0.00002110 BTC , the higher the...
Yesterday there was a sad day for the Crypto industry. After market lost confidence yesterday, Bitcoin crashed dragging altcoins along and leading to the liquidations of more than $850 million. The high volatility that we have observed yesterday will continue today due to results of the US Midterm Elections. BTCUSD closed bearish yesterday and below key...