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BTC is breaking below the lower part of the range that has been in place over past months. Note there is one last "hope" level for the bulls, the puke lows in mid June, just shy of 18k. The price is well below all moving averages, with the 50 about to break below the 100 again.

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Despite some positive developments earlier this month, the crypto market is experiencing some moderate bloodletting as Bitcoin hits its 2022 low. Bitcoin has fallen under $19,000, the support zone of 2017 highs. The crypto market cap has also fallen below $950 billion. After a bearish reaction below the $19,500 support, Bitcoin price started a major decline. The...

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Current crypto market conditions can only be described as extreme. Ongoing corrections saw the price of all major cryptocurrencies tumble to levels not seen in almost two years. Total market cap dropped below $900 billion, down from more than $2 trillion from the peak, during this economic downturn. Selloffs were also seen across traditional financial markets by...

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Ethereum is moving inside of descending channel and with simple trading strategy it can be very successful time to trade even if the price moves down. A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling...

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Bitcoin is printing bullish candles on lower time frames, while it has reached very important 50-week moving average on higher time frame. This is strong resistance line and a big test for the bulls. If it surpassed, BTC could extend the move higher. The 50-week moving average represents one year of price action because there are 50 weeks in a ‘market year’,...

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MATIC surged from descending wedge, retested support trendline and bounced back up again. By the book pattern. I’m long from the retest, targeting $1,67 and $1,775 for first targets.

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XRP bounced off the 20-day EMA which acts as a support level in bullish movement. Both moving averages have started to turn up and the RSI is in the positive territory, indicating that the path of least resistance is to the upside. My first target is $0,93, followed by $1.2. Latest news on XRP -> The Arab Monetary Fund (AMF), a sub-organization of the Arab...

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Polkadot token (DOT) found support on higher time frame and price made a higher high formation, which was the first bullish sign after long period of price decrease from December ATH. DOT is now moving bullish from the break out of descending triangle pattern. The same pattern was established in July last year, when DOT bottomed out at around $10. RSI is nicely...

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The financial world is still circling around the war in Ukraine and the general sentiment is that this is not going to stop very soon. Bitcoin and broader crypto market saw mostly sideways movement with some volatility connected to news and sentiment change. In past week most of the noise was made from Biden's executive order on cryptocurrency regulations,...

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FTT is breaking up from wedge pattern. Potential targets: TP1 48$ TP2 55$ TP3 63$ SL 39$

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Bitcoin and most of the other major coins in the top 10 started the 2022 slightly in the red, with no clear directional bias as the volumes are still thin after Xmas and NY holiday. The largest cryptocurrency by market capitalization is hovering around $47,000 atm. Bitcoin is trading with some bearish pressure on LTF, but still above crucial $46,000 support. A...

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Ethereum is moving inside of falling wedge and between range of $3550 and $3960 on daily chart. ETHBTC pair is moving slightly bullish and needs to remain bullish in order to for ETH to breakout above the wedge pattern. The move should be impulsive but also Bitcoin needs to stay in range or bullish at the same time. Read my post about Ethereum and Bitcoin...

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DYDX seems to bottom out. It closed bullish in weekly chart after 11 weeks. It closed bullish on daily chart as well and even made a break from the smaller falling wedge (red dotted line). The price is now trading above 13 and 20 MA and closing the gap to larger falling wedge – break above would trigger very bullish move (yellow dotted line). DYDX has lots of...

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Moonriver touched the lower support area and started to move bullish. On daily chart the price is trading above 13 and 20 MA, RSI momentum indicator is picking up and closing to the 50 level, MACD is also showing upward movement. My targets for MOVR; TP1 $235, $292, $468; SL $170. Price must stay above MA on daily chart.

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Polkadot price is bottoming out around $25 and its showing signs of turning bullish. RSI indicator is starting to rise from the oversold levels as bulls strongly defend the support zone. The price is down some 50% from all-time high reached in November and has lots of room to grow. This is a good area to accumulate positions. Don't forget DOT has staking option....

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LINK is moving on long term trendline which proved to be strong in the past. Above $20 level, LINK should get more strength, opposite, below trendline, the price will turn bearish. It is trading from oversold position, which is good entry point for accumulation. RSI momentum indicator is rising and closing on 50 level, indicating bulls are gaining on strength....

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XRP broke the descending triangle and is heading towards $1 level. The bullish move could be connected to the upcoming Sologenic airdrop later this week. XRP holders will be receiving 100 million $SOLO tokens, one of the largest that has ever been distributed in the crypto space. RSI is in bullish zone, MACD also rocketing higher. I'm targeting $1 soon, followed...

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ADA is showing signs of bottoming around $1.25 level. The price is trading in range with strong support at $1.20, while RSI indicator is slowly picking, showing positive divergence. Pattern means bulls are taking control over the price. ADA is a good value play and has lots of potential when market turns bullish again.