Yesterday, the general stock market erased most of its “bear rally” gains. As a result, Bitcoin also erased some of its recent profits; however, not as much as the stock market. We expect Bitcoin to catch up with the stock market and manifest more selling pressure in the short term. Accordingly, we remain bearish and expect BTCUSD to form a new low below 25 000...
Over the weekend, Bitcoin moved mostly between 28 500 USD and 31 000 USD. So far it has failed to make a new high above 31 411.48 USD; however, there is still some room for more upside before the fall we continue to forecast. Accordingly, we still remain bearish on Bitcoin as we expect it to make a new low below 25 000 USD. At the moment, we will pay close...
Since November 2021, the total market cap of cryptocurrencies has started to decline. Indeed, it has declined approximately 60% until now; meanwhile, the selloff has accompanied this in more than 20 000 cryptocurrencies. Moreover, volatility remains highly elevated, and short-lived bounces in the price of tokens, followed by fast crashes, suggest anxiety among...
In tandem with our expectations, Bitcoin dropped lower. As a result, we continue to maintain a bearish stance. Our short-term price target remains at 35 000 USD; our medium-term price target is 32 500 USD (due to become a short-term price target once 35 000 USD is taken out). Illustration 1.01 The bearish breakout illustrated above confirms our thesis. ...
Our short-term price target of 37 500 USD was reached just recently. Therefore, we would like to update our thoughts and change our medium-term price target of 35 000 USD to a short-term price target. Subsequently, we would set a new medium-term price target of 32 500 USD. We continue to maintain a bearish stance on the overall cryptocurrency market as we expect...
BITSTAMP:BTCUSD Bitcoin is entering the green zone of the logarithmic growth curve This indicates that we have entered a period of peak opportunity. If you believe in the future of bitcoin and its narrative then this might be one of the best few weeks/months to accumulate bitcoin and other large cap alt coins. I have pulled a fib retracement from the March...
Bitcoin continues to exhibit choppy price action around the 40 000 USD price tag. However, that does not change our stance on it. We remain bearish with the short-term price target of 37 500 USD and medium-term price target of 35 000 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish; however, MACD is trying to reverse...
After reaching our price target of 40 000 USD, we predicted a temporary bottom for Bitcoin. We suggested that the price of BTCUSD might be setting itself for sideways price action. That has been the case for the past week. The prevailing trend in Bitcoin weakened even further, and volume declined. In the short term, we remain neutral on BTCUSD. However, in the...
Good weekend, As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis. Trend: The Kumo has been green for 19 days and the...
Yesterday, Bitcoin managed to break through resistance at 45 850 USD. By doing so, BTC validated the bullish consensus for itself. Now, we will observe price action very closely and we will watch out for any possible retracement below short-term support. Such retracement would invalidate the bullish breakout. However, until such an occurrence, we are turning...
Hello trading friends, CELO - On interesting zone depending on TA for long trend. We could see some interesting trends coming time - on this way it's also interesting to watch it out. Trade only depending on your setups. Have a good time.
Recently, the picture for Bitcoin turned positive. Technical factors turned bullish across multiple time frames and the price of BTC started to rise. However, soon after that, BTCUSD found strong resistance at 45 850 USD. In our opinion, if BTC will manage to break above this resistance then it is going to bolster the bullish case. However, the inability to break...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Entry: $41300 Take Profit: $49000 Stop Loss: $37000 If you would like to...
Hello trading friends, This is a trend chart for doge. Doge breaking out the trend level - and this could give in the coming time some interesting trends - on this reason, it's interesting to check the next confirmations of doge. Further know that meme coins are very risky, and never enter with high risk. We have seen for a long time no real green change for...
Hello trading friends, This is a small view for OMGUSDT. As omisego are now on an important trend line - is this also the reason for this update. you can see here the before update of omisego There is a good chance that we could see a breakout in OMG - that could bring price action to 6.50+ We will follow and see if the market will show these effects. There...
Cardano (ADA) has experienced a significant increase in the amount of ADA that has been deposited into its staking pools in only 12 hours on March 22. Indeed, the large quantity of Cardano that inflowed into the 23 newly created staking pools was roughly around the figure of 1.5 billion ADA which equates to about $1.4 billion, at the time of publication,...
Hello trading friends, This is an update for ZILUSDT depending on daily trends. 0,46+ is an interesting point for Zilliqa to watch out for the increasing trend with the time frame. Zilliqa shows depending on TA trend interesting trends - and it's possible that we can see coming time a new volume trend - this depend also on the main coin BTC - what should stay...
Coinbase - Short Term - We look to Sell at 193.04 (stop at 207.65) Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 200.00. The primary trend remains bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 137.94 and 129.55 ...