Bitcoin Faces Price Pullback as Signs of Longer-Term Bull Exhaustion Emerge

2019-6-3 14:00

Bitcoin could revisit sub-$8,000 levels in the short-term, as a longer-duration chart is flashing signs of bull exhaustion for the first time in 2019.

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exhaustion bitcoin signs 2019 longer-duration short-term time

exhaustion bitcoin → Результатов: 45


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Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


BITCOIN SV Price Prediction Today: Daily (BSV) Value Forecast – May 30

The bulls continued the domination of both the short and medium-term outlook. Buying at pullback area with bullish reversal candlesticks formation as entry confirmation may be considered. BSV/USD Medium-term Trend: Bullish Supply zones: $300, $400, $400 Demand zones: $100, $80, $60 BSVUSD continues in the uptrend in its medium-term outlook. Exhaustion of the bearish momentum […]

2019-5-30 09:45


BITCOIN CASH Price Prediction Today: Daily (BCH) Value Forecast – April 29

The short and medium-term outlook remains in a bearish trend. Traders may consider selling at bullish exhaustion area with bearish reversal candlestick as confirmation. BCH/USD Medium-term Trend: Bearish Supply zones: $300, $400, $500 Demand zones: $100, $50, $30 BCHUSD outlook in the medium-term is in a bearish trend. The bears kept the market under control […]

2019-4-29 08:27


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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s.

2019-3-23 01:23


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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume.

2019-3-19 01:17


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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation.

2019-3-16 01:56


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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half.

2019-3-13 22:26


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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.

2019-2-23 02:23


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01


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Bitcoin is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears.

Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did

2018-6-18 16:44