Chart The year 2019 has been an emotional roller-coaster for the crypto trader . A year that started with a continuation of the crypto winter we had in 2018, leading to further falls. However, the market finally turned in April and many coins saw an increase up to 300% in matter of two or three months. These two charts represent two of the most capitalised...
Chart The chart represents the XRP evolution during the last two months . Ripple currently finds itself hovering around their minimum levels post bull run, 0.20-0.22. As we can see in the chart, it has followed a bearish trend since the end of June, when the third most capitalized coin reached $0.5. XRP is near its lowest price after the bull run, which seems...
Chart In this chart, we display how long-term moving averages can play a very important role in your strategy . Even though you are not a long term investor, long-term moving averages or long-term analysis are crucial to know where the market is heading to. In this chart, we can see how the moving average filters out the noise of the price and shows where it is...
Designing your automated strategy For today’s analysis, we have chosen two markets: XRP/BTC and EOS/BTC, a couple of the most liquid BTC trading pairs. We have selected 1 hour candle size and the indicator RSI With Region Crossover . First of all, let’s understand what this variant from the RSI will do in our strategy: RSI with region crossovers gives the...
Key levels Short term Supports—> S1: 6800 & S2: 6500 Resistances—> R1: 8000 & R2: 8000 Medium term Supports—> S3: 6100 & S4: 5700 Resistances—> R3: 8600 & R4: 10000 Potential scenario As we argued last week and we can see in the chart, Bitcoin has been and is trapped in a bearish trend that is lasting 5 months by now. It has been continuously making...
Key levels Short term Supports—> S1: 8600 & S2: 8000 Resistances—> R1: 9400 & R2: 10000 Medium term Supports—> S3: 7400 & S4: 6800 Resistances—> R3: 11000 & R4: 12200 Potential scenario During the last weeks, Bitcoin has been decreasing with a constant bearish micro trend , a downward trend with small ups and downs. Since the 37% pump that took place...
Key levels Short term Supports—> S1: 0.25 & S2: 0.21 Resistances—> R1: 0.3 & R2: 0.38 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.47 & R4: 0.55 Potential scenario Ripple is an uptrend for over a month already Currently, it is hovering around R1 at 0.30. Breaking this level is crucial for a potential bull run, especially due to the...
Key levels Short term Supports—> S1: 8,700 & S2: 8,000 Resistances—> R1: 9,400 & R2: 10,000 Medium term Supports—> S3: 7,400 & S4: 6,800 Resistances—> R3: 11,000 & R4: 12,200 Potential scenario Bitcoin increased by 28% last week in barely 24 hours after it made a 5 months minimum at $7,550. With this pump, Bitcoin let us know that, even after several...
Key levels Short term Supports—> S1: 7,300 & S2: 6,800 Resistances—> R1: 7,750 & R2: 8,100 Medium term Supports—> S3: 6,600 & S4: 6,400 Resistances—> R3: 8,800 & R4: 9,400 Potential scenario Two days ago, Bitcoin made a very sharp move from $8,300 to $7,400 . Almost $1,000 in barely 12 hours. Bitcoin has been continuously making lower maximums since...
Key levels Short term Supports—> S1: 167 & S2: 153 Resistances—> R1: 190 & R2: 195 Medium term Supports—> S3: 140 & S4: 133 Resistances—> R3: 200 & R4: 220 Potential scenario Ethereum , as most of the cryptocurrency market, is still undertaking a bearish trend that has been going on for almost 4 months. Currently, the price is hovering around R1 and...
Key levels Short term Supports—> S1: 8,100 & S2: 7,700 Resistances—> R1: 8,800 & R2: 9,300 Medium term Supports—> S3: 7,300 & S4: 7,000 Resistances—> R3: 10,000 & R4: 11,000 Potential scenario Bitcoin is slightly recovering after a fall of 17% that drove the price down to $7,700. However, we must be careful with the latest increases. Very likely, the...
Key levels Short term Supports—> S1: 0.25 & S2: 0.20 Resistances—> R1: 0.30 & R2: 0.46 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.55 & R4: 0.60 Potential scenario At the end of September, XRP touched its lowest level since the 2017 bull run, $0.21. Even though it looked like the everlasting downtrend was coming to its end when...
Potential scenario After more than three months, it happened. The descending triangle, broke downward . Bitcoin has been making decreasing maximums for three months, putting a lot of pressure in the support $9,300. It was very likely that we could have a bearish move, and now the largest cryptocurrency is being traded at $8,000. As the book of John J. Murphy...
Key levels Short term Supports—> S1: 9,900 & S2: 9,300 Resistances—> R1: 11,000 & R2: 11,800 Medium term Supports—> S3: 8,800 & S4: 8,200 Resistances—> R3: 12,300 & R4: 13,000 Potential scenario It has been almost three months since Bitcoin made its sixteen months high, and it is still trapped in a very bearish scenario. The Bitcoin price has been...
Key levels Short term Supports—> S1: 9,900 & S2: 9,300 Resistances—> R1: 10,900 & R2: 11,700 Medium term Supports—> S3: 8,800 & S4: 8,000 Resistances—> R3: 12,300 & R4: 13,000 Potential scenario As argued in past market analyses, Bitcoin has been forming a large triangle for the last 3 months . However, last week it broke its lower band to test S2 at...
Key levels Short term Supports—> S1: 0.25 & S2: 0.20 Resistances—> R1: 0.30 & R2: 0.47 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.57 & R4: 0.68 Potential scenario The chart shows us the XRP behaviour over the last year . It has ranged from a maximum of 0.79 to a recently reached minimum of 0.24. It is currently being held on S1...
Another week and Bitcoin keeps forming this huge triangle that, very likely, will end with a very large breakout up or downwards. As we can see in our volatility indicator, the Cryptohopper ATR , volatility levels are very low, even lower than 1%. This surprisingly low volatility levels together with the huge triangle that is being formed for more than two...
Key Levels Short term Supports -> S1: 9,900 & S2: 9,300 Resistances -> R1: 10,900 & R2: 11,700 Medium/long term Supports -> S3: 8,800 & S4: 8,000 Resistances -> R3: 12,300 & R4: 13,000 Potential Scenario Following up with last week´s analysis , the Bitcoin keeps bouncing on the lower line of the triangle that has been forming for 2 months...