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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


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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


Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines). дальше »

2018-10-20 01:31


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PIVX Price Continues Uptrend as Other Coins Face Steep Declines

Today is not shaping up to be a good day for cryptocurrencies, although that is not entirely surprising. Bitcoin has shown signs of weakness for some time now, and the dip is finally happening. Interestingly enough, it seems the PIVX value is not suffering from the same pressure, as that altcoin notes some very interesting […] The post PIVX Price Continues Uptrend as Other Coins Face Steep Declines appeared first on NullTX. дальше »

2018-10-11 10:05


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Bitcoin Price Drop Caused by Futures Expiration, Tom Lee Says

Thomas Lee, Co-founder and head of research at Fundstrat Global Advisors, ties the recent decline in Bitcoin (BTC) price with the expiration of Bitcoin futures. Tom Lee Blames Futures Expiration Among Other Factors In an interview for Bloomberg, Tom Lee explained that the weakness in the market’s first and foremost cryptocurrency was the result of futures contracts expiring. дальше »

2018-6-15 16:00


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The weak link in Bitcoin is from Future Expiration says Thomas Lee of Fundstrat.

According to Fundstrat head of research Thomas Lee, the recent decline in Bitcoin (BTC) price is likely the result of the expiration of Bitcoin futures, Bloomberg reports June 14. In a report, Lee explained that the “gut wrenching” weakness in Bitcoin (BTC), which dropped upwards of 20 percent earlier this week, was the result of дальше »

2018-6-15 06:54