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Bitcoin is Flashing Signs of Weakness as It Trades Below Crucial Level
After another failed breakout attempt, Bitcoin is once again hovering just above its crucial $9,200 support The entire crypto market is currently expressing some signs of weakness This weakness may be rooted in BTC’s decline beneath what one analyst is describing as a crucial level He notes that a daily close beneath $9,230 would make a compelling case that further downside is imminent This comes as multiple technical indicators all point to an imminent surge […] дальше »
2020-7-15 02:00 | |
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Bitcoin Closing Beneath One Crucial Level Could Decimate Altcoins
Bitcoin flashed some subtle signs of weakness yesterday that sent shockwaves throughout the cryptocurrency market This caused many major altcoins to shed a significant amount of their value, putting at least a temporary end to the intense market-wide uptrend seen by Bitcoin’s smaller counterparts The crypto is now once again sitting just above its crucial $9,200 support level Buyers have been able to defend this level throughout the past several hours One analyst is noting […] дальше »
2020-7-15 21:00 | |
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Ethereum Could Set a “Lower Low” if It Breaks Beneath This Crucial Level
Ethereum is now showing some signs of underlying weakness despite seeing some strong price action over the past few days After hovering within the upper region of its long-established trading range, the slight downwards movement seen by Bitcoin and the aggregated market has forced it lower It hasn’t declined beneath any crucial support levels yet, but several sit just below where it is currently trading at One analyst is noting that its closest support is […] дальше »
2020-7-11 23:00 | |
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It’s “Almost Time” for Bitcoin to Make an Explosive Movement; Factors to Consider
Bitcoin has been flashing some signs of weakness throughout the past 24-hours, as the crypto has been unable to maintain above multiple crucial technical levels It has once again fallen back within its long-held trading range between $9,000 and $9,300 Although this range could hold strong in the near-term, one analyst is noting that it is almost time for Bitcoin to make a massive trend-defining movement As for where this next move could lead the […] дальше »
2020-7-11 21:00 | |
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Cardano (ADA) May Soon Crater by 25% as Massive Resistance Looms
Cardano (ADA) is currently flashing some significant signs of weakness after failing to surmount the crucial $0.10 region It has been caught within a strong news-driven uptrend over the past several months, posting a majority of these gains over the past couple of weeks It remains unclear as to whether or not a few positive developments that have taken place as of late will be enough to sustain the cryptocurrency’s intense uptrend One analyst is […] дальше »
2020-7-6 22:00 | |
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Ethereum Bulls Defend Crucial Support, But Outlook Remains Gloomy
Despite navigating down towards its crucial support at $220, Ethereum’s buyers were able to defend against a break below this level The cryptocurrency now appears to be well-positioned to maintain above this level in the near-term, as buyers are currently ardently defending another crucial support level That being said, on its daily chart the cryptocurrency does appear to be flashing some signs of overt weakness One group of analysts recently noted that the recent break […] дальше »
2020-7-2 23:00 | |
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Bitcoin Continues Closing Below a Crucial Level, Boosting Bears
Bitcoin has remained caught firmly within its long-held consolidation phase, with both its buyers and sellers being unable to catalyze any sharp momentum in either direction It is important to note that unlike weeks past, BTC is now consolidating just above its crucial support level at $9,000 This seems to be a sign of overt weakness, and could hurt buyers should the crypto begin inching lower Analysts are now noting that Bitcoin has been consecutively […] дальше »
2020-7-2 21:00 | |
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Ethereum Struggles to Flip Crucial Trendline as Analysts Eye Move to $120
Ethereum’s price has been sliding lower over the past several days Despite Bitcoin being able to maintain above the lower boundary of its long-held trading range, ETH is now trading firmly below the range it formed over the past several weeks This points to some underlying weakness amongst its buyers which comes as it nears its crucial $220 support level It also just confirmed a “death cross” formation that hasn’t been seen since March. This […] дальше »
2020-6-30 23:00 | |
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Bitcoin Flips Bearish as Dreaded “Death Cross” Returns
Bitcoin’s price is flashing some signs of weakness again as it nears it crucial $9,000 support The multiple tests of this level do seem to indicate that it is growing weaker, and it may only be a matter of time before sellers forcefully push BTC beneath it This comes as the be3nchmark cryptocurrency grows bearish from a technical perspective Analysts are noting that it recently formed a widely dreaded “death cross’ on its four-hour chart, […] дальше »
2020-6-30 21:00 | |
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The Last Time There Was This Much Dormant Bitcoin, It Rallied to $20,000
Bitcoin has been facing some intense weakness over the past couple of days The benchmark digital asset’s buyers and sellers have been locked within an intense battle around $9,000, with bears ardently attempting to hold it below this crucial support Although this doesn’t bode well for its near-term outlook, its macro outlook remains strong One fundamental metric just reached levels not seen since just before the intense 2017 rally up to $20,000 If history rhymes, […] дальше »
2020-6-29 19:00 | |
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Ethereum is Showing Early Signs of Macro Weakness; What to Watch For
Ethereum has been inching lower after breaking below the support level at the bottom of its long-held trading range This decline has come about despite Bitcoin showing some signs of stability within the lower-$9,000 region ETH is now trading at a crucial support level that buyers are attempting to defend, as a break below it could be dire Analysts are now noting that for the first time in a long time ETH is showing signs […] дальше »
2020-6-29 22:00 | |
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The Last Time This Indicator Emerged, Bitcoin Dropped 50%. It’s Back
Bitcoin has shown some continued signs of weakness today due to its inability to garner any clear upwards momentum It is now hovering within the lower region of its long-held trading range, and it remains unclear as to just how long this support will last for Its latest decline lower has caused it to grow weak from a technical perspective One crucial indicator that has been bullish throughout the past several months just flipped bearish […] дальше »
2020-6-27 21:00 | |
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Ethereum Just Shattered a Crucial Resistance; Is the Bull Run Beginning?
Ethereum’s price has been teetering just above its crucial support that exists at the lower boundary of its long-established trading range. This does appear to be an overt sign of technical weakness, although there are several reasons why some analysts still remain bullish on the cryptocurrency. дальше »
2020-6-26 19:03 | |
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Ethereum’s Strength Degrades Following Rejection at $250; What Comes Next
Ethereum has flashed signs of technical weakness overnight following a harsh rejection at $250 This level marked its high-time-frame resistance, and its inability to break above it seems to elucidate underlying weakness amongst its buyers Analysts are noting that it could be poised to continue pushing higher despite this latest setback There is one crucial level that it is trading just a hair above that could invalidate this potential rebound Ethereum has flashed signs of […] дальше »
2020-6-25 23:00 | |
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Ethereum’s Reaction to This Crucial Support Level Will Determine its Fate in 2020
Ethereum has seen some lackluster price action in recent times, largely facing sideways trading similar to that incurred by Bitcoin and the entire crypto market It has posted some signs of weakness throughout the past several hours due to it dipping below its well-established trading range This has led it down to what analysts are describing as a “crucial level,” and its reaction here could determine its fate in the months ahead One venture capitalist […] дальше »
2020-6-21 22:00 | |
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Ethereum Could Rally to $290 if it Holds This One Crucial Level
Ethereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region. Analysts are now noting that its market structure still favors buyers so long as it maintains above $185, and that a continued defense of... дальше »
2020-5-17 02:00 | |
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XRP Shatters Crucial Macro Support as Analysts Eye Serious Downside
XRP has continued to severely underperform Bitcoin, forcing it to also see some downside against its USD trading pair despite the bullish market conditions This weakness has caused the third-largest crypto to decline beneath a key last-ditch support level that was bolstering its price action Analysts are now noting that it could soon see a freefall that leads it significantly lower due to the weakness resulting from this dire technical breakdown Yesterday the aggregated crypto […] дальше »
2020-5-9 23:00 | |
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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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