MarkiFinbitex

MarkiFinbitex

BTCUSD holds above the resistance at $7,400 and attempts to regain the 7,500. What might cancel the recent bearish trend is if bitcoin manages to settle today above the daily high at $7,524, in that case, a move to Wednesday’s high at 7.645 will be the next target. Bulls need to clear the 50-day moving average at $8,388 to regain control of the bitcoin trend. In...

MarkiFinbitex

Bulls have thus far been able to defend $7,500, causing a slight bounce to as high as $7,650 as of the time of this writing, but the defense is already starting to fail and return to declining prices. Support at this level, ranging from $7,300 where the previous major reversal occurred, through $7,500 is a critical level that bulls must defend to prevent a much...

MarkiFinbitex

Bitcoin has moved sharply higher alongside the broader cryptocurrency market, with the BTCUSD briefly trading above the important $3,500 level. After finding a price floor just above the $3,100 level, the BTCUSD pair may be in the process of forming a bullish inverted head and shoulders pattern. Despite the recent rally, a minor technical correction lower towards...

MarkiFinbitex

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MarkiFinbitex

As I was saying since a long time my bearish outlook for US and ASIAN stocks has not been changed. We have a major SELLOFF in Asian stocks and expecting some strong downside today in US and EU as well . EURUSD As I was saying will continue it's fall , technically the EU yesterday bounced a little as investors made a rotation out of safe haven currencies into into...