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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


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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. дальше »

2019-2-23 02:23


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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months. дальше »

2019-2-20 01:38


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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. дальше »

2019-1-26 03:13


Bitcoin Cash Price Analysis: BCH/USD Rally Depends on Breakout Above $150

Latest Bitcoin Cash News Plainly put, 2018 was a year to forget for the world’s leading ASIC manufacturer, Bitmain. While prices fell across the board, not only did Consensys resized and re-calibrated their plans but Bitmain was forced to put off what they had previously dubbed as the largest digital asset mining facility in the […] дальше »

2019-1-24 17:12


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Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by. дальше »

2019-1-18 02:02


Bitcoin Cash Price Analysis: BCH 6-Days in a $10 Range, Breakout Likely

Latest Bitcoin Cash News Despite deep price erosion and uncertainty, we can see progress in Bitcoin Cash. Even though developers may be reeling from a disastrous hash war rate whose gamble did see Jihan Wu replaced as the CEO of the world’s largest chipset manufacturer Bitmain, developers are not laying down on their laurels although […] The post Bitcoin Cash Price Analysis: BCH 6-Days in a $10 Range, Breakout Likely appeared first on Ethereum World News. дальше »

2019-1-17 16:00


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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation. дальше »

2019-1-4 02:22


IOTA (MIOTA) Long-term Price forecast- December 23

IOT/USD Long-term Trend -bullish Supply zone: $0.5000, $0.6000, $0.7000 Demand zone: $0.1000 $0.0800, $0.0600 IOTA returns to a bullish trend in the long-term outlook. The bullish gradual returned in last week analysis turned out to be a major trend reversal with a breakout at the 10-EMA on 17th December. $0.2732 in the supply area was […] дальше »

2018-12-23 02:53


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. дальше »

2018-12-12 01:52


Ripple (XRP/USD) Price Analysis: Breakout Direction—Above 40 cents or Below 30 Cents– Will Define Short to Medium Term Trajectory of XRP

Latest Ripple News Look at it this way: 2018 has been bearish and some assets are down >95 percent from 2017 peaks. Regardless, base activity is on the rise. Of course, compared to early last year, mentions of XRP, Bitcoin and even crypto was minimal only exploding late last year thanks to the precipitous rise […] The post Ripple (XRP/USD) Price Analysis: Breakout Direction—Above 40 cents or Below 30 Cents– Will Define Short to Medium Term Trajectory of XRP appeared first on Ethereum World News. дальше »

2018-12-5 15:43