Bitcoin broke $10,000 and it did it more heavily than anyone expected, reaching levels above $11,000. Being precise, it reached $11,280, a price unseen since March 2018.
And now? The BTC price is performing a symmetrical triangle . A pattern that normally, once it almost finished the triangle, the price makes a very sharp movement upwards or downwards.
What...
Key levels
Short term
Supports—> S1: 230 & S2: 215
Resistances—> R1: 280 & R2: 290
Medium/Long term
Supports—> S3: 200 & S4: 180
Resistances—> R3: 300 & R4: 320
Potential scenario
Ethereum has been ranging for the last 30 days. It has been moving between R1, $280, and S1, $230, showing volume spikes every time that the price tested these two...
Key levels
Short term
Supports—> S1: 230 & S2: 215
Resistances—> R1: 280 & R2: 290
Medium/Long term
Supports—> S3: 200 & S4: 180
Resistances—> R3: 300 & R4: 320
Potential scenario
Ethereum has been ranging for the last 30 days. It has been moving between R1, $280, and S1, $230, showing volume spikes every time that the price tested these two...
Litecoin has been one of the cryptocurrencies that have been growing more solidly and steadily since the beginning of 2019. Since December 15th when it bottomed out at $22, reaching its lowest point in more than two years, it has increased almost 500%.
During the last and ongoing upward trend, the Litecoin price has behaved very good technically talking. It...
Key levels
Short term
Supports—> S1: 7600 & S2: 7250
Resistances—> R1: 8000 & R2: 8350
Medium/Long term
Supports—> S3: 7000 & S4: 6800
Resistances—> R3: 8900 & R4: 9000
Potential scenario
Bitcoin made the expected retracement, after hitting one year maximums at $9,080. It decreased by 18,2%, until $7,435. Currently it has performed a double bottom...
BNB has been one of the few coins that have climbed during the bear market while the rest were practically falling off of a cliff. On May 25th it reached its peak and the next pivot couldn’t break those levels, therefore beginning a bearish trend where the new maximums were lower than the previous one.
As we can see in the chart, the Exponential Moving Average...
Bitcoin has been moving between 9,000 and 8,000 for the last 7 days and it is very likely to keep doing so for the next week.
The Bitcoin price has created a 1,000 points range between these two levels. On May 30th, it made two big movements to 9,000 and 8,000, both heavily rejected with high volume and long wicks. Commonly, this is perceived as the beginning...
Newsletter 24/05
MARKET ANALYSIS
Key levels
Short term
Supports—> S1: 7500 & S2: 7000
Resistances—> R1: 8000 & R2: 8300
Medium/Long term
Supports—> S3: 6800 & S4: 6400
Resistances—> R3: 8400 & R4: 8600
Potential scenario
BTC/USD is making a healthy consolidation. Now we should wonder, did the consolidation process end at $7,000 or can we...
