XRP has seen couple of wild rallies in the past, the RSI Indicator has always been a giveaway during these times. When ever the RSI index has crossed 85+ XRP has corrected. At the time of this analysis the RSI indicator was hovering round 90. The holiday season which is coming up will probably add more fuel to its price and we could see some highs still.
The...
Well we have had a good run for the past 40-50 days and bitcoin had reached its ATH for the year 2019 couple of times. So whats the next price movement, one crucial thing to notice is the Bollinger band. The price of bitcoin has crossed the neural territory and is now near the bottom line of the Bollinger band.
No one has timed the market correctly and I am no...
Based on the current trend, Bitcoin has faced major sell offs and the market picked up from some of the lows that the market reached. And is currently retesting the Resistance (R2) and at the time of writing the price of BTC is at 7350. Now if Bitcoin moves above this resistance line then there is a high chance that the Resistance line (R1) might be retested but...
Past week has been quite crazy in terms of the crypto market with Bitcoin dominance rising, but now overall we see a trend of altcoins rising and this seems to be confirmed by the bullish cross over by Ethereum. The Bollinger bands suggest that ETH did hit the resistance line and then bounced back and has crossed the neutral line to the outer band. The RSI...
The LTC price breached a crucial resistance against Bitcoin and the relative price against bitcoin seems to be weakening. The overall trend line also seems to confirm the same trend. We can still wait at this point partially to see how the trend spans out in the subsequent days. If there is a jump above the crucial resistance line pointed out the prediction will...
Strange correlation between Bitcoin price and Game of thrones season airing. Since the inception of Bitcoin, we have never had a bear market during the GOT Season. Every season has had relatively positive movement as explained by the cycle. The biggest of them being in Season 7 in 2017 with a whopping 157% increase between the highs and lows during the cycle....
Traders who have already been burnt and learnt the experience know not to get too much carried away by the general euphoria in the market especially when its a bit too much. Agreed that BTC has started a bullish trend and the sentiment is quite positive everywhere, but this is where we have to be careful. Now seeing the price action where BTC jumped 1000 points in...
Seems to be positive trend getting formed which might be a start of a new trend. The Bitcoin cash price seems to be moving in positive direction relative to Bitcoin which sends some positive signals for the altcoin. Anything below the red trend line marked will invalidate the bullish movement and might be a start of a new bear market.
So the strategy to trade is...
Below was the last prediction done in the previous article
Next predictions : Bitcoin might now try to breach the 5900 in the next ten days and might again fall back to 5400 before moving ahead. It might take another cycle before BTC price tries to breach the crucial 6400 path. Link to the Analysis
Now the line that was drawn on 29th April where the...
While there has been predictions that BTC is going down when there was a 7% fall on Friday. When we still look at the broader markets and the price action, we can clearly see that bitcoin's price is slowly climbing and we see that investors are lapping on and buying it whenever there is a market fall.
In our previous analysis we had predicted that Bitcoin...
Between Nov,2018 and April,2019 BTC tried breaching the 4400 resistance line 4 times, 2 times in December, once in January and once in February. It was finally successful only in April when this line was breached. The reason why this area is crucial is because of two things a) because of the breakout from the sloping trend line and also the Golden crossover...
