Ever since the clock first struck midnight turning into the new year, altcoins like XRP, Ethereum, Litecoin, and many others have been tearing up the price charts and going on massive price rallies.
But those rallies have now triggered a sequence of candlesticks that according to a world-renowned market analyst typically result in a reversal and selloff following.
XRP, Ethereum, and Litecoin Trigger TD9 Sell Signal On Sequential Indicator
Towards the start of 2020, the total cumulative altcoin market cap and a number of individual altcoins broke out from downtrend resistance, including large-cap cryptocurrencies like XRP, Ethereum, and Litecoin.
Related Reading | Global Altcoin Breakout Could Usher Return of Alt Season Crypto Riches
The breakout of downtrend resistance caused the largest buy volume on weekly timeframes that the altcoin market has ever seen, and underlying price patterns showed a strong resemblance to early Bitcoin price charts, hinting that life-changing wealth could be ahead for altcoin investors.
But before that happens, anyone who bought the recent altcoin bottom may have to hold through a strong retracement first.
According to the TD Sequential Indicator, created by financial market whiz Thomas DeMark, each of the three aforementioned altcoins – XRP, Ethereum, and Litecoin – have all reached a 9 “sell” signal on daily timeframes after a series of positive candle closes.
The sell signals appear on XRP/USD, ETH/USD, and LTC/USD. However, the three major altcoins aren’t alone in triggering sell signals on daily timeframes.
Cardano and Monero both also triggered TD 9 sell signals on their USD pairs, while Cardano and Litecoin also triggered TD 9 sell signals on their BTC trading pairs as well.
Return of Alt Season Postponed, But Retracement Could Be Bullish
All this week, the ongoing rallies have resulted in a number of crypto analysts reviving talk about an upcoming alt season. And while it cannot be ruled out at this point, alt season may be canceled or at the very least postponed until after a retracement occurs.
Even a fall from current levels would likely be extremely bullish, so long as former resistance confirms as support and holds strong.
A confirmation of resistance turned support would likely lead to even more confidence in bullish crypto investors, and could put the final nail in the bear market coffin.
Related Reading | 10 Factors Confirm a New Crypto Bull Market Has Officially Begun
After two full years of a long, arduous bear market, numerous bullish factors suggest that the crypto market is ready for a new bull run.
Altcoins like XRP, Ethereum, and Litecoin are all down significantly from their all-time highs, but all it will take is a short-lived alt season during the next bull market, and many of them will reclaim much lost ground.
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Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher. After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar.
Bitcoin’s 2020 uptrend has drastically shifted the market structure of BTC, which was previously shaping up to be incredibly bearish while it was hovering within the $6,000 region. The subsequent rallies from this price region, however, have allowed it to climb all the way up to $9,200, which appears to be a key resistance level... The post appeared first on NewsBTC.
There is now enough data to link Bitcoin and crypto price movements to easily quantifiable network parameters. Bitcoin’s Transactions Show Highest Correlation to Prices Transaction counts, active addresses, and price action show a connection for some coins, which explains heightened activity during rallies.
Ethereum is up more than 15% and it broke the key $150 and $160 hurdles versus the US Dollar, while bitcoin jumped above $8,800. However, the current price action suggests ETH could correct towards $160 before it continues higher.
Bitcoin SV price rallied more than 20% recently and climbed towards the $200. 00 resistance. BSV is currently trading with a strong bullish bias and it could even surge above $200. 00 and $205. 00. Bitcoin SV price is up more than $100.
Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar.
Ripple is down more than 2% and it broke the $0. 1880 support against the US dollar. XRP price is now trading near the $0. 1840 support area and it could correct higher. There is a key bearish trend line forming with resistance near $0.
Ethereum is up more than 5% and it broke the $130 and $132 resistance levels against the US Dollar. The price is currently consolidating near the $135 level, with a positive bias. There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken).
Coinspeaker Uncertain Optimism about the Anticipated Ethereum Hard ForkWith the exception of crypto rallies, Ethereum requires a pattern over the price level of $120 on the daily basis.
Coinspeaker Bitcoin Boom or Burst: Fresh Wave of Rallies Appears to Be Hitting the MarketBitcoin came back to the levels recorded a week ago on Friday. A solid support stack lies between the price levels of $7,200 and $7,300 for BTC/USD.
Bitcoin price rallied more than 5% to clear the $7,500 resistance against the US Dollar. The price is now trading in a positive zone and it could rise further above $7,700. There is a short term breakout pattern forming with resistance near $7,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The bitcoin price rallied aggressively on Wednesday, and crypto analysts say BTC defended a 5-year-old "parabolic" support line.
The post Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support appeared first on CCN.com
Ripple price declined heavily in the past few hours and weakened more than 10%. XRP to USD is likely to remain in a downtrend as long as it is below $0. 2040 and $0. 2100. Key Takeaways: XRP/USD Ripple price is down more than 10% and it tumbled below the $0.
Ethereum is down more than 2% and it broke the $142 support area against the US Dollar. The price is currently correcting higher, but it could face hurdles near $142 and $144. Yesterday’s major bearish trend line is active with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price declined recently below the $0. 2240 and $0. 2220 support levels against the US dollar. The price is currently correcting higher, but facing resistance near $0. 2240 and $0. 2260. There is a key bearish trend line forming with resistance near $0.
This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off. Can bulls push Bitcoin higher and reclaim critical resistance as support once again, resulting in a rally leading up to Christmas? Or will bears swat.
Bitcoin price is returning to short-term volatility, with a rally above $7261. At this point, BTC sees various near and long term predictions. Bitcoin Price Rally Mode On The mood for BTC until now has been bearish without the exclusion of sudden price rallies.
While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.
While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.
Gold rallies to an intraday high of $1,475. 50/oz. Precious metals trade at more than one-week highs as risk appetite wanes. Serbia bought nine tons of gold in October to hedge against crisis. The price of gold extended its rally on Thursday, as waning risk appetite drove investors into the relative safety of precious metals.
Bitcoin price is trading in a bearish zone below the $8,880 and $9,000 resistances against the US Dollar. The price is struggling to recover and it is likely to face sellers towards $9,000. Yesterday’s major bearish trend line is intact with resistance near $8,980 on the hourly chart of the BTC/USD pair (data feed from.
While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.
While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.
The state of the crypto market is positively dire right now, as trading across various retail and institutional platforms show marked declines. Despite hopes of halloween rallies and historical bull markets, everything seems to be pointing towards a bearish Q4.
ETH price is climbing higher and it recently broke the $175 and $180 resistances against the US Dollar. The price is currently trading near a crucial resistance area at $185 and $186. There was a break above a key bearish trend line with resistance near $175 on the hourly chart of ETH/USD (data feed via.
XRP bulls made headway following a long bearish phase after trading in the range below $0. 26, despite several attempts at an upward breakout. After gaining long-awaited momentum, the coin rose by 8.
Ripple price is gaining bullish momentum above the $0. 2600 resistance area against the US dollar. The price is up around 5% and it recently broke the $0. 2650 resistance area. There is a connecting bullish trend line forming with support near $0.
Bitcoin (BTC) had greater probability of rallies when exchange wallets marked net inflows of stablecoins. This is yet another evidence that the crypto markets are widely affected by the movement of several key dollar-pegged assets, but mostly Tether (USDT).
The price of gold rallied Wednesday, extending its recovery to two days after stocks plunged over dismal economic data. Gold Rallies; Silver Follows Bullion shot above $1,500 a troy ounce, reaching a high of $1,511.
Bitcoin price started a strong rise after trading as low as $9,637 against the US Dollar. The price is trading above the $10,200 level, but it is facing hurdles near the $10,400 level. There was a break above a major bearish trend line with resistance near $10,150 on the hourly chart of the BTC/USD pair.
Ultimately, after testing weekly support, the bitcoin market managed to retrace the entire drop and push a new high.
The post Bitcoin Price Analysis: Deep Shakeout Rallies Off Strong Support appeared first on Bitcoin Magazine.
Bitcoin price failed to climb higher and declined sharply below $10,000 against the US Dollar. The price is now trading well below the $10,000 level and it could struggle to recover in the near term.
Ripple price surged more than 15% after it broke the key $0. 2650 resistance against the US dollar. The price is trading well above the $0. 3000 level and it could continue to rise. There was a break above a bullish continuation pattern with resistance near $0.
Bitcoin price is jumped higher recently, but it struggled to continue above $10,500 against the US Dollar. The price is currently trading in a bearish zone and it could accelerate losses below $10,200 in the near term.
“The relationship between bitcoin price and flows is pretty apparent. Price rallies were typically accompanied by sizable inflows to exchanges as individuals looked to take profit,” said independent crypto research and analysis firm Delphi Digital in an analysis shared with TNW.
Bitcoin price is down more than 5% and it recently broke the key $9,760 support against the US Dollar. The price is currently consolidating near the $9,500 support and remains at a risk of more losses.
The Dow Jones shrugged off an opening-bell dive to rally back into the green on Wednesday. Appetite for stocks continues to look firm, as bulls enjoyed an oil price boom and chose to ignore another inversion in the US yield curve.
As Bitcoin bulls have failed to maintain the momentum seen from April to late-June, fear has started to grip the cryptocurrency market. Related Reading: Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further Upside Analysts are starting to suspect that BTC has further downside, despite the fact that it has already collapsed 35% from.
Donald Trump is upping the pressure on China, and analysts say this is bullish for Bitcoin. For those who missed the memo, on Friday morning, the American President unleashed his latest volley at China (and the Federal Reserve) in a series of tweets.
ETH price started a fresh decrease after it failed to climb above the $202 resistance against the US Dollar. The price is down more than 8% from the high and it is now trading well below $190. There is a connecting bearish trend line forming with resistance near $190 on the hourly chart of ETH/USD.
Эксперты аналитической компании Santiment сообщили, что розничные инвесторы уходят с криптовалютного рынка из-за страха дальнейшего падения котировок цифровых активов.
Президент Ripple Моника Лонг в интервью Bloomberg рассказала, что RLUSD уже добавили на такие площадки, как CoinMENA, Uphold и Bitso, а теперь готовится к еще более масштабному запуску. Прямо сейчас объем торгов RLUSD вырос на 244% за сутки, достигнув $80,21 млн, а рыночная капитализация составляет $53,1 млн.
This article will analyze the event that XRP surpassed Solana and USDT in market cap to become the 3rd largest cryptocurrency, just below BTC and ETH. We will consider the factors contributing to the recent increase in XRP price, from activities of Ripple Labs to XRP ETF news.
На днях стало известно, что Дональд Трамп собрал $7,5 млн в виде криптовалютных пожертвований. Донаты поступают в BTC, ETH и других криптовалютах. За этой поддержкой стоят серьезные фигуры: Тайлер и Кэмерон Уинклвоссы из Gemini, CEO BitGo Майк Бэлше и Стюарт Альдероти из Ripple.