Hcash price went up over 40% today on TOPBTC. I suspect the recent token swap is the cause for the price rise. However, I would also be careful because the price rise is only showing on TOPBTC and Bithumb. Until Binance shows the price rise I would just stay on the sidelines and watch the market. Looking at the Binance HC/BTC market we are seeing a triple...
Very simple chart with 2 basic trend lines. The green is the support line, I believe the $6,000 level is the most solid support we've had this year. Time and time again, bitcoin continuously refuses to go under that level. On the other side, we have the bearish triangle. Check out this chart which does a great job showing it: After drawing estimated trend lines...
2 most likely outcomes: 1. BTC breaks back up to $6500 forming an H&S, signalling more bullish momentum ahead. 2. Bitcoin continues trading sideways at $6200 forming a traditional H&S meaning a drop to $6000 is more likely. Since the chart intersects with the Bollinger Bands, it confirms what the RSI says - the market is oversold. Using these indicators it is...
If you are a cryptocurrency trader, you should familiarize yourself with these 4 important technical indicators: RSI, Fib Retracements, MACD, and Bollinger Bands.
Looking at the 100 and 200 day MA we can see that if Bitcoin's price doesn't keep rising that a bear market is imminent because the 100 and 200MA will form a deathcross. However, if the bulls loose keep their momentum then the way is clear for further price rise. While a Golden Cross is a well known technical indicator don't get too exited because it doesn't seem...
Looking at the 2 week chart we can see a clear formation of a triple bottom. Such a pattern is used to predict the reversal of a prolonged downtrend. This whole month has been full of volatility so we may see more movement soon. I am remaining positive that we may see upward movement soon. Read more: themerkle.com
As the media starts rolling articles about how bitcoin is about to get banned staying in a long position just goes against all odds. Once the news passes and the market stabilizes the healthy growth phase of bitcoin will continue. However, we are currently at a major roadblock not only with the negative light that the Paris attacks shine on digital currencies,...
Using a low of $198 and a high of $502 fib retracement shows possibility of retesting $430. Big players are on the sidelines watching, big buy orders have disappeared but the bullish trend remained, as always proceed with caution. Yesterday I posted how the mania is over and the market is looking to stabilize, today has been pretty stable except for the weak...
Now that the mania to the $500 bull run is over the market is looking at finding equilibrium in the new active zone. Resistance is at $400 and support is $350. We will test support once again or break through $400 and look for support there. Because of the decrease of long on finex looks like the traders are sitting on the side watching what the market is going...