Bitcoin_Analyzer

Bitcoin_Analyzer

Past Performance of Bitcoin Bitcoin is uneventful when writing. The coin is generally lower, trending below $30k. However, since it is above $28.3k and FWB:27K is still a valid reaction point, traders should wait until a convincing breakout. The spike, in either direction, should be with rising volumes. #Bitcoin Technical Analysis BTC prices are inside the...

Bitcoin_Analyzer

Past Performance Euro prices are lower as USD bulls rejected attempts for higher highs. The immediate resistance lies at 1.1100, as a double top will likely print in the upcoming sessions. A notable development when prices rejected higher prices on May 4 was the rise in trading volumes. This may suggest that USD bulls are keen to participate, a move that could...

Bitcoin_Analyzer

Past Performance Euro bulls have the upper hand, printing higher highs in the daily chart. Gains of May 3 were conspicuous but failed to break out above 1.1100. Still, the bulls have the upper hand despite the clear double-top forming. #EURUSD Technical Analysis The Fed raised rates but didn't push the Euro above the immediate resistance level. The May 3 bar...

Bitcoin_Analyzer

Past Performance of Bitcoin Bitcoin reacted to fundamental events in the United States and stayed above FWB:27K and $28.3k. When writing on May 4, the uptrend remains, but sellers have a chance since buyers didn't reverse recent losses. Immediate support is at $28.3k, while bulls must break above $30k before the uptrend resumes. #Bitcoin Technical Analysis...

Bitcoin_Analyzer

Past Performance of Bitcoin Bitcoin prices bounced back on May 2, reversing losses. Bulls are finding reprieve with the coin 2% higher in the past 24 hours. However, the path of least resistance remains southwards in the short term. As long as prices are inside the bear bar of May 1, every high is an unloading opportunity for aggressive sellers targeting FWB:27K...

Bitcoin_Analyzer

Past Performance of Litecoin Litecoin prices are higher when writing but remain under pressure. As an illustration, the coin is within the bear bar of April 26, and trading volumes are low. At the same time, prices are anchored by the bear bar of April 19 that continues to shape the current formation. Support lies at around HKEX:85 while resistance is at ...

Bitcoin_Analyzer

Past Performance of Uniswap Uniswap is within a broader, multi-month consolidation. Following recent losses, UNI remains under pressure but continues to trend above the all-important support of around $5. Clear from the daily chart, the trend is shaped by the Bull Run from June to August 2022. However, since buyers are unconfirmed, this has given way for sellers...

Bitcoin_Analyzer

Past Performance of Bitcoin Bitcoin is fast dropping, looking at how prices performed at the start of May. Presently, the coin is down 7% and within a bear formation set in motion from April 19. Critical support and resistance levels in the current setup remain at FWB:27K and $30k, respectively, following the drop below $28.3k. Overall, sellers have the upper...

Bitcoin_Analyzer

Past Performance of Cardano The uptrend might still be valid, and ADA is up over 50% from mid-March, but the coin could further correct from recent peaks. Notice that the coin is lower, pulling back from last week's highs. The resistance line remains at $0.41, while support is at $0.37. Any comprehensive close above those lines will shape the immediate to...

Bitcoin_Analyzer

Past Performance of Bitcoin Volatility spiked on April 30, temporarily forcing prices higher. Of note, volumes rose. However, this wasn't enough to sustain bulls. The result was an inverted hammer with the long upper wick pointing to the rejection of higher prices. The dump down pushed BTC back into range and anchored today’s liquidation in the Asian session....

Bitcoin_Analyzer

Past Performance of ETHBTC BTC is ahead of ETH, looking at the arrangement in the daily chart. The recovery is albeit a solid performance of ETH in the past few days. Overall, from a top-down preview, Ethereum buyers remain in charge. This is further supported by the fact that the BTC lead has been at the back of decreasing volumes in the past few trading days....

Bitcoin_Analyzer

Past Performance of Bitcoin For a brief moment on April 26, Bitcoin prices soared to as high as $30k before flash crashing back towards $28k in what turned out to be a volatile NY session. At this pace, the spike in trading volumes and a Doji bar printing capped an evening of indecision. BTC prices contracted but recovered strongly early today as traders doubled...

Bitcoin_Analyzer

Past Performance of Ethereum Ethereum prices, like BTC, are firm at spot rates. Notably, there is a sharp reversion from critical reaction levels, marking resistance levels of March 2023 and September 2022. For now, whether ETH buyers will build on yesterday's gains remains to be seen. However, any attempt to unwind losses will be massively bullish for ETH,...

Bitcoin_Analyzer

Past Performance of Bitcoin Bitcoin prices recovered slightly on April 25, bouncing from around the FWB:27K primary support. While the boost was positive, BTC is still not out of the woods, and prices might collapse if there is no follow-through in sessions ahead. For now, important reaction lines remain unchanged at around $28.3k and FWB:27K , defined by the...

Bitcoin_Analyzer

Past Performance of Tron Tron prices remain in a consolidation, looking at the performance in the daily chart. Overly, buyers of Q1 2023 appear to be in charge. Still, the failure of buyers to convincingly break above the recent resistance levels questions the strength of the uptrend. For now, critical reaction levels remain to be $0.0675 and $0.0645. #Tron...

Bitcoin_Analyzer

Past Performance of Bitcoin There is no reprieve for Bitcoin bulls, looking at the arrangement in the daily chart. BTC edged lower yesterday and could likely dip in the sessions ahead unless there is a sharp recovery above $28.3k, clearing the highs of April 21. Meanwhile, traders are bullish because sellers didn't push prices lower below the FWB:27K support...

Bitcoin_Analyzer

Past Performance of Polkadot The contraction of Bitcoin had a profound effect on altcoins, including Polkadot. The coin is underperforming at spot rates, sliding 15% from recent peaks. Even so, buyers remain in control from an effort-versus-results perspective, looking at the general performance in the daily chart. #Polkadot Technical Analysis The bearish...

Bitcoin_Analyzer

Past Performance of Bitcoin Bitcoin crashed 10% from April highs last week. Prices remain below a critical support level when writing. The daily chart shows prices are stuck in a tight horizontal range below $28.6k. While the contraction was expected after continuous expansion in the better part of Q1 2023, the current correction is with relatively low trading...