we are in the position to change the price wave for the next few weeks. If we have a price bump, itll most likely try and ride to 9.2k, if we have drop, then we are going down down. Everyone is saying im wrong on both fronts, but the chart says otherwise. Good hunting, make that money!
Bitcoin is currently in a holding pattern, between the 200MA and previous resistance-turned-support. As long as we hold this support, we are poised to go higher.
First target is the 9500, then around 11000.
The most bullish scenario would be to consolidate here for a day or two, pop above the 200MA, which would then act as support on the way up to 11k.
Should...
Ticker: XLMUSDT
Exchange: BINANCE
Mid term signal: buy
The coin started the upward movement
Now is in a stage of rollbak
There is a possibility that the price will break out the current support
But the risk-earnings ratio and the probability of growth at this point are very good
It should be remembered that the movement will often continue than interrupted
So...
I seem to be still on track with my previous trend analysis on Ontology. Regardless of the recent market recovery, ONT was in an ongoing decline towards a major support line. I am very confident for Ontology to crack this down trend and manage to follow the general market sentiment. Not a bull market yet, but we are enjoying a little taste of it. Just a little.
Ticker: BNBUSDT
Exchange: BINANCE
Mid term signal: buy
The coin moves irrespective of the market
Now the coin is on global support
We buy after the reaction of buyers
Stop put below lower point of the current wave
From this support, price unfolded several times
And the reasons to be sure that now the price will break down this point, we do not have
We have an...
Ticker: BTCUSD
Exchange: BITFINEX
Bitcoin is the engine of this market
The coin began an upward movement from the bottom of the consolidation,
With a high probability, the upward movement may end near the upper boundary of the consolidation.
Before the price is fixed above the current range, it is impossible to talk about a serious uptrend
Active reaction from...
Ontology took a hard hit lately, which comes as no surprise considering the overall market conditions. But while its price action is on a steady decline, we can see a downwards trend with two clear confirmation points forming. I was wondering if we might see a third confirmation point within the next up-cycle. The price sits at 0.0005 as of writing, and in case...
Ethereum is under heavy selling pressure on Friday, after earlier falling to a fresh monthly trading-low just above the key $400 support level. The sentiment surrounding the cryptocurrency market market remains fragile, following the latest hacking scandal involving cryptocurrency exchange Bancor. Sellers are increasingly likely to test the $395 support level,...
Ticker: ETHUSD
Exchange: BITFINEX
The market continues downward movement
Now we are at support, but there is no customer activity
Bitcoin, who is the leader of this market, also does not show strength
In order for the price to unfold from this range, the price should start an upward movement, with a simultaneous output of volume
But at the moment this is...
Weekly
Looking at our trend timeframe we see price currently testing our last major support level before 20 satoshis. Stochastic RSI showing momentum may have bottomed out, although no confirmations just yet. Weekly close above 45 satoshis would activate our trade.
Litecoin, the sixth largest cryptocurrency by market capitalisation has come under fresh selling pressure and fallen towards the $76 level. Bearish pressure is likely to build on the LTCUSD pair while price trades below the $78.90 level, with the popular alternative-coin now shedding over thirteen percent of its value since hitting $88 last week. Sellers will...
Ticker: ETHUSD
Exchange: BITFINEX
Consolidation has begun, it's good, because this is an indication that this price is interesting for the big players and they consider it fair.
The question is, who accumulates the position? Buyers or sellers.
And we can understand this only after the impulse movement begins.
It is important for us to see what levels will break...
Bitcoin continues to trade towards the $6,650 resistance level in early Monday trading, after finding strong technical support just the $6,400 level on Friday. BTCUSD bulls now need to break above the $6,700 level to validate the bullish inverted head and shoulders price pattern across various time frames. BTCUSD sellers will attempt to break the key $6,400 level...
Litecoin is starting to consolidate around the $83.50 level in early Thursday trading, after multiple technical rejections from the key $85 resistance area.
The intraday sentiment towards the LTCUSD pair is starting to turn bearish, after price created a bearish double-top pattern.
Sellers will now try to break the $81 support level, while buyers will look to...
