UnknownUnicorn3838311

UnknownUnicorn3838311

Hi, guys, the market is in a gloomy mood. Pump and dump have occurred from time to time for the last two weeks. Overall, BTC price has gone through a measured downtrend movement for the time period which is not friendly to traders, because not volatility means no trading opportunities. So any hope of a turnaround this week? Let's walk through the technical...

UnknownUnicorn3838311

As shown in the chart above, the standard deviation indicator, a widely used measure of volatility calculating the average dispersion of data points for the specified time range, reaches a level not seen since 2018. Price zig-zag in a very narrow range, between 180-185, for more than 3 weeks. The record low volatility and volume definitely is not a welcoming...

UnknownUnicorn3838311

Throughout the years cryptos rise and bust, high volatility is the inherent attribute of crypto. Most price movement is driven by speculations from different types of investors. Among all cryptos, the tether USDT has been the most special crypto. Basically, it's the equivalent of US dollar, the main application of which is to act as USD to perform fiat function...

UnknownUnicorn3838311

The overall altcoin market is considerably weak. it's still in the aftermath of the great speculation lunacy. More worrying is that the technical picture appear there's no hope for the market cap to reverse in the near term .

UnknownUnicorn3838311

Bitcoin price cautiously moved down for the last week, with several tenuous rallies in the process. Price broke down the pivot support level at $8600 USD today. The overall crypto market is still very weak. Until seeing a major break out above the downtrend line with strong volume, it's safe to assume bitcoin still has room to go down. The downward structure...

UnknownUnicorn3838311

During 2017 altcoins mania led by ETH, Bitcoin market cap dropped to 35% because speculators poured in fanatically buying altcoins or shitcoins, thereby pushing high market share of altcoin. Many of those coins disappeared in the subsequent bear market over 2018. The whole crypto market has staged a rebound since April 2019, and this time the huge upswing was led...

UnknownUnicorn3838311

Market is down as bull failed to recover from weak consolidation between 9200 and 9600. Since market decides to go down to test major short-term support around 8700, curren price at 8900 should be a intermediate stop on the down path. On chart, Bitcoin failed to break out bearish trendline even though news from China sounds very exciting.

UnknownUnicorn3838311

I would say the chart of BTC/USD clearly indicate the major support is around 9000, where the bull start a major rally after the slump in mid-March. The most crucial resistance is 11000$, because it's a triple technical confluence level. 1) it's the middle point of the slump this month 2) the rally afterward stops at 11000 , also a horizental resistance 3) ...

UnknownUnicorn3838311

Bitcoin goes parabolic as shown by the steep pushup early this week, breaking above 14000 dollar for the first time in 2019. The huge volume in leading derivative exchanges indicate the market has reach a point of frenzy that is illustrated by media coverages and vigorous new investors pouring in. The pull back yesterday, in any sense, is expected and...

UnknownUnicorn3838311

The selloff of LTC has been straight for one week without any significant rally. Current re-bounce signify the end of short-term oversell. But the overall picture is rather dim as it failed to punctuate above $100. As such, after current rally, the bear will come back.

UnknownUnicorn3838311

The price of XRP has been extremely tepid, compared with robust performance of BINANCE:BNBUSDT COINBASE:BCHUSD COINBASE:BCHUSD , and even BTC has significantly outperformed XRP, as shown in the chart. Many retail traders have a high expectation on XRP and believe it's bottoming, while the assumption, widespread and sensible, may be the reason for XRP's modesty .

UnknownUnicorn3838311

After breaking out 4200, Bitcoin has run amok, reaching $5,400 at the highest level. In scoring such a surge in just two days, the consolidation inevitably takes hold, as some bulls will mostly take profits and leave the market for a while. Though Bitcoin has pull back from 5400, the bull is able to keep the market float around 5000, and therefore the...

UnknownUnicorn3838311

compared with other first line cryptocurrencies, LTC went through a stellar uptrend during the first quarter in 2019, up more than 200%. At present, it should be noted that the price has stagnated around 60 nearly the whole March, along with decreasing volume and bearish RSI divergence in daily chart, which isn't a health sign for supposedly continuing bull trend....

UnknownUnicorn3838311

Bitcoin price action this year resembled that before the slump from $6000 to 3000 in 2019. from the viewpoint of daily chart, price stuck in the narrow range of $3200 to 4200, as the trading volume drastically diminished. Low volume and volatility evidently denote a profound bear market, showing no sign of turnaround. Only the price pushes above &4000 with...

UnknownUnicorn3838311

The last cycle of crypto mania ended in the end of 2018 when leading cryptocurrencies has lost 80% - 90% of their market values. The classic pump and dump cycle may afflict huge financial losses to participants in the bubble.The bright side of this collapse, to some degree, is that tokens has attracted significant media coverage and public interests. Tokens has...