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Bitcoin is sitting on previous channel resistance and this COULD be the typical breakout retest we were waiting for.
We are seeing some FUD on Twitter regarding miner capitulation. Don't trust all you see, that what I can comment.
I am leaning towards a...
ADA is currently in a position between heaven and hell.
The price is between an important support line and resistance.
On the 9th of october there was a massive imbalance in favor of the Bears.
Since then the price is in a consolidation area, in which the seller seem to have more power.
If the price drops below the support, i would short it from 479 until 468.
Ripple did quiet well during the last two days.
The XRP market has established an uptrend on the 1h chart and broke one resistance level.
However the volume in the market is really low, so a price move up or down is at any time possible.
My purpose is to enter a short position, when the price breaks the rising support line and to short the price down until...
Let´s have a look on the BTC 1h chart.
The market is in a consolidation area right now, after the Bears rejected the price at 8800 USD.
The candles are very small, and there is no volume in the market.
Yesterday we were witness of a long dark candle, which formed a "bearish engulfing pattern" (very bearish sign).
This candle was confirmed by a strong selling...
Since the 2nd October, TRON did a good development.
The Bulls broke one resistance and turned it to a support, another resistance line was hit.
Will the trend continue ?
It is possible, the price is far above the 30 EMA.
The price has not reached the 70 RSI line yet.
The candles look good as well.
So there is definitely a possibility of trend continuation.
Ripple did not too bad in the last 2 days.
The buyers managed to push the price above the Resistance 1 line, which was a good sign for a trend continuation.
Having said this, the volume was not convincing for a strong breakout.
So we should keep our eyes on the Resistance 2 line; if the buyers fail to close above it, this will be a good short signal.
Another week has come to end, which was less exiting for many traders, but not unimportant.
Yes, the price of BTC remains in the range.
The weekly candle´s long upper shadow shows, that the Bulls were rejected at the resistance line and they couldn´t hold the price in the higher area.
The sellers were stronger and pushed the price to the lower boundary back,...
Since the breakout above the 30 EMA on 17th Sep. Ripple had a good development and bullish run toward the resistance line at 3207.
This line was retested twice, but the price didn´t close above it.
An ascending triangle appeared.
Probably there will be a 3rd retest of the resistance line and the likelihood is high of a trend continuation.
In the case of a price...
After a strong bearish imbalance and a 19% price drop, the price recovered.
The volume was pretty weak though, what shows us, that it could just be a simple pullback, before the price continues to drop.
The rising candles had long shadows, a sign of bullish uncertainty.
The major resistance line at 3809 hasn´t been reached.
One support is the 30 EMA, if the...
Looking on the Bitcoin weekly chart, we can spot indicators, that tell us more about the current market situation.
First of all there is a falling resistance line, that connects the ATH and the Lower High from the 24th June.
The price was rejected and the bulls didn´t have enough power to continue with their rise.
After several months of consolidation, the...
Litecoin is currently in a tough position.
After a long decline, LTC reached a price level, where it was one and two years ago.
The price dropped even below the strong support line, what is now a resistance.
The try of the Bulls to go above was smashed by the Bears and it is visible, that the buyers are not powerful enough to push the price upward.
Currently Ripple is in a price range between 2886 support and 3253 resistance.
The price reached on the 30th of september a higher level, but wasn´t able to hold this price level and bounced back.
A long upper wick touched the boundary line, but the price was rejected and the bears pushed the price more downward.
Now we can see a balance between the forces...
At the current moment i definitely see an opportunity to short Bitcoin.
At 06:00 o´clock UTC a "Piercing Pattern" occurred.
The white candle penetrated more than 50% inside the previous dark candles body.
The volume was pretty weak though, what shows us a weak bullish pressure.
The next candles had low volume as well.
At 11:00 o´clock UTC a "Bearish Engulfing...
The Bitcoin price is in a consolidation phase.
Since the begin of the week, we didn´t see any big price movements.
The price is in a range between 8552 USD and 7754 USD.
Probably we will remain in this price area for the rest of the week.
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September has come to an end and the monthly chart shows us: the Bears are in charge.
In the last 4 months the candles has showed long upper wicks, what is a sign for bullish weakness.
The buyers can´t neither hold the levels, nor push the price more forward.
With each months they even lost more positions, meaning that they could not achieve higher levels.
Ether is currently in a consolidation area.
The previous week massive sell out and following price drop shocked many investors.
The price has fallen nearly 70 USD down.
It was confirmed by a strong volume.
The sellers moved the price below the 30 EMA, what gives us a sign, that the Bears have the power in the market currently.
For now buyers and sellers agree...
On the 1h chart, there is a clear opportunity to short Bitcoin.
The price is still in the wide range.
A fake breakout appeared and price broke down below the lower boundary of the wide range, but after a short time period it was back in the range.
The bulls din´t have enough power to push the price far more upwards, so we have a lower high at the current...
If we look on the weekly candle, then definitely yes !
The past week was smashing for many Bitcoin idealists.
Many people out there were hoping for an upcoming Bull run.
Let´s look at the reality.
On the weekly chart a long full length body bearish candle, is clearly visible; (bearish sign).
A massive imbalance in price occurred, the sellers were far stronger...