Looking at the daily time-frame, Bitcoin has bounced up to, and then rejected off the 21 EMA.
A move above the 21 EMA at about $10800 could lead to further upside, perhaps as much as $12.2k (and possibly beyond, ultimately).
However, failing to cross the $10800 level would most likely lead to further downside. Breaking the 55 EMA at about $9800 could lead to a...
We face some resistance from the 0.382 fib at $11500, so could bounce around here a bit before moving further to the upside.
Alternatively, a break of $10800 could signal a continuation of the move downwards.
Happy trading - and please leave a like :)
Bitcoin is flirting with the 0.618 fib - and a break below the $10k psychological level would probably mean further movement towards the 0.786 fib level around $9000.
Alternatively, a bounce could be on the cards if Bitcoin can hold this area.
Happy trading, folks - please leave a like if this analysis is helpful for you :)
Altcoin 'seasons' are characterized by:
1. A sharp drop in Bitcoin Dominance
2. A parabolic rise in the value of altcoins.
Judging from the chart, there have been four major altcoin seasons:
1. March 2017
2. June 2017
3. January 2018
4. May 2018
Since May 2018, Bitcoin dominance has been steadily on the rise - as Bitcoin has first fallen in price, then had a...
Hi folks -
Nano is currently resting on the 100 EMA, after trading in a range from about $1.38 to $2. A break below the 100 EMA could see Nano proceed to support at $1.38 and a very bearish move even lower.
However, a move upwards of $1.65 could see Nano escaping the triangle and moving to a new target above $2.
Leave a like if you appreciate this analysis -...
Notice the remarkable correlation between the Tether market cap (in ORANGE) and Bitcoin prices (thanks to @acatwithcharts for pointing that out).
Also, note the breakdown in correlation between the Ethereum (in AQUAMARINE) and Bitcoin prices from around July 2018 - perhaps due to the end of ICO mania on Ethereum from 2017.
Please leave a Like if this chart has...
Bitcoin is bouncing in a range between $7500 and $8100. Breaking the range in either direction could indicate the direction of further movement, so the stakes are high!
Let's see which way this turns out.
Happy trading :)
It looks like XVG has found support around 110 sats, and may be time to climb higher.
Watch the 130 sats level for confirmation around the 55 EMA, and then look towards the 140 - 150 sats area for taking profits.
Happy trading! :)
Daily RSI is very high, pointing to a correction.
However, BTC remains bullish and so, this chart explore possible routes. The first route (in purple) shows a continuation, which follows the current trend line. The second route (in red) shows a dip to the older trend line before continuation, and the third route (in black) shows a deeper dip to the demand zone...
BITFINEX:BTCUSD's attempt at the $3000 ATH in June 2017 was followed by an the initial selloff, then several weeks of sideways movement, before a huge plunge to $1850 (a previous high) before beginning the move upwards towards $5000.
Will we see something similar now?
Perhaps a period of sideways movement, followed by a plunge (perhaps toward $3000 - June's...
Context : The great LTCBTC sine wave rested on support (0.01 BTC) in May-June 2017, before above highs of 0.02 in July. August saw LTCBTC trending downwards to touch on the 0.01 BTC support again before returning to around 0.018 BTC.
In September, LTCBTC has been trending downwards - and we may see this downwards trend continue back towards the support zone...
News about China banning ICOs earlier this month had NEO's price dropping quite dramatically from highs in August. The last few days, however have seen the coin rebounding vigorously and showing potential for a strong continuation.