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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: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place. дальше »

2019-2-15 00:21


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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


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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


CARDANO (ADA) Long-term Price forecast-Deember 29

ADA/USD Long-term Trend –Ranging Supply zone: $0.0600, $0.0800, $0.1000 Demand zone: $0.0100, $0.0080, $0.0060 ADA remains in a range-bound market in its long-term outlook. $0.05146 in the supply area on 24th December was the high of the week the bulls pushed the cryptocurrency before exhaustion denoted by a wick as the daily candle closed a […] дальше »

2018-12-30 00:10


MONERO (XMR) Long-Term Price Forecast- December 23

XMR/USD Long-term Trend: Ranging Supply zone: $100.00, $110.00, $120.00 Demand zone: $30.00, $20.00, $10.00 XMR long-term outlook is a range-bound market. The bullish doji that started last week trading session was a signal to the bulls gradual returned but confirmation came on 17th December after the formation of a bullish engulfing candle which closed above […] дальше »

2018-12-23 03:29


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