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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. дальше »

2019-3-19 01:17


Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – March 18

The BTC price is trading at $4,056.90 as at the time of writing. The bulls fail to break the $4,200 price level as the crypto's price fell to the bearish trend zone. BTC/USD Medium-term Trend: Bullish Resistance Levels: $6,800, $6,900, $7,000 Support levels: $3,800, $3,700, $3, 600 Last week, the price of Bitcoin was in […] дальше »

2019-3-18 09:59


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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. дальше »

2019-3-16 01:56


Binance Coin (BNB) Market Analysis: Currency Targets $13 Price Level

Supply Zones: $15, $16, $17 Demand Zones: $14, $13, $11 BNB/USD Medium-term Trend: Ranging BNB/USD is gradually changing from the bullish trend to bearish trend on the medium-term outlook. The cryptocurrency has been bullish for more than a week; it started on February 28 with the formation of a strong bullish candle that pushed the […] The post Binance Coin (BNB) Market Analysis: Currency Targets $13 Price Level appeared first on ZyCrypto. дальше »

2019-3-14 15:19


Bitcoin SV (BSV) Daily Price Forecast – March 14

  The medium-term outlook is in consolidation while the short-term is in a bullish trend. Traders should be patient trading the range. BSV/USD Medium-term Trend: Ranging Supply zones: $90, $100, $120 Demand zones: $50, $40, $30 BSVUSD is in a range-bound market in its medium-term outlook. The strong bearish pressure was lost at $63.33 in […] дальше »

2019-3-14 09:22


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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. дальше »

2019-3-13 22:26


Weekly MACD Histogram Most Bullish It’s Been Since Bitcoin Price Was Over $13K

The moving average convergence divergence (MACD) is a lagging indicator many analysts use to track longer-term trend changes in assets across a variety of markets. In Bitcoin, the histogram of this key indicator had been bearish throughout most of 2018 and into 2019, and only recently just rose into bullish territory during last week’s rally. дальше »

2019-3-5 23:00


Price Analysis: Would XRP Reverse At $0.30 Price Level?

Supply zones: $0.31, $0.33, $0.34 Demand zones: $0.30, $0.28, $0.26 XRP/USD Medium-term Trend: Bearish On the medium-term outlook, XRP/USD is on the bearish trend. As long as the drawn bearish trend has not been broken up, the bears still hold the market but immediately the bullish candle penetrates the trend line and closes above it, […] The post Price Analysis: Would XRP Reverse At $0.30 Price Level? appeared first on ZyCrypto. дальше »

2019-3-4 18:56


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »

2019-3-1 03:44


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »

2019-2-26 02:42