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Bitcoin, still trapped in a bearish trendKey levels Short term Supports—> S1: 8600 & S2: 8000 Resistances—> R1: 9400 & R2: 10000 Medium term Supports—> S3: 7400 & S4: 6800 Resistances—> R3: 11000 & R4: 12200 Potential scenario During the last weeks, Bitcoin has been decreasing with a constant bearish micro trend , a downward trend with small ups and downs. Since the 37% pump that took place three weeks ago, BTC has yet to show signs of a bullish trend. As we can see in the chart, the last pump made a long upper wick when it reached the orange trend line. A zone where the supply was very present and drove the price down. Now, the price is being supported at S1, which is a crucial zone for the future trend direction. If the price breaks S1 downwards, we can expect a continuation of the medium-term bearish trend that began back in June when the price reached $13,800. On the other hand, if the price breaks the orange line, the bearish trend could reverse. TA comment In the current scenario, the price can be about to make a decision about its future trend, we have selected the indicator DMI . The DMI measures the strength of the positive and negative trends to generate buy signals. 

In this way, when the blue line (DMI+) crosses the orange line (DMI-) upwards, the DMI generates a buy signal. On the other hand, when the orange line crosses the blue line downwards, a sell signal will be sent. With Cryptohopper, you can add more technical indicators to your strategy to filter out potential fake signals and customize your strategy in the way you prefer. Pattern As we have mentioned during the previous sections, the Bitcoin price has been steadily decreasing for over 2 weeks. Currently, it is hovering around S1, a zone where the price can either continue its way down or reverse back up. When the price tested S1, it performed an Abandoned Baby Bullish . It is a bearish reversal pattern represented by three candles. The first candle has a long body and upward movement. The middle one is a Doji, followed by a candle with long body and a downward movement. If selected in your automated strategy, the Abandoned Baby Bullish signals a buy.
BITFINEX:BTCUSD
by cryptohopper
1
$XRP, 27% upward move?Key levels Short term Supports—> S1: 0.25 & S2: 0.21 Resistances—> R1: 0.3 & R2: 0.38 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.47 & R4: 0.55 Potential scenario Ripple is an uptrend for over a month already Currently, it is hovering around R1 at 0.30. Breaking this level is crucial for a potential bull run, especially due to the price normally ranges between R1 and R2, as we have seen in the past. This range has a width of 27% of the current price, which means that if R1 is broken, the price is very likely to climb to 0.38. If XRP continues its upwards trend and breaks R1, we can expect a rather sudden 27% increase in the price. TA comment As we’ve commented in the previous section, if the price breaks R1 and consolidates that breakout, very likely, we will see a bullish trend to R2, at 0.38. Taking this into account, we can automate trading strategies that will open long positions once the price has broken R1. In order to do this, we can use certain indicators that would open an order once that event takes place. Quick moving averages, percent change or DMI can perform well in these situations. For this occasion, we’ve selected the indicator Percent Change and we have set a percent of 6.5%. This means that if the price rises more than 6.5% during the last 24 hours, the bot will place a buy order. Looking at the chart, the order will be placed once the prices crosses the green line. Pattern As it has been mentioned in the previous sections, XRP has been trending upwards for over a month. From 0.21 to 0.3. During this process, the system spotted the pattern Three Advancing White Soldiers . It is a bullish reversal pattern represented by three candles. After a downward trend, that in this case would be a downward pull-back, every candle (3 candles or soldiers) has a long body and an upward direction.
BITFINEX:XRPUSD
by cryptohopper
$BTC increased 30% after months being bearishKey levels Short term Supports—> S1: 8,700 & S2: 8,000 Resistances—> R1: 9,400 & R2: 10,000 Medium term Supports—> S3: 7,400 & S4: 6,800 Resistances—> R3: 11,000 & R4: 12,200 Potential scenario Bitcoin increased by 28% last week in barely 24 hours after it made a 5 months minimum at $7,550. With this pump, Bitcoin let us know that, even after several months of falls, it can turn into a very bullish trend at any moment. The pump finished with a long upper wick testing the orange upward trend line. That orange trend line had been supporting the price from June until September, when it broke it downwards. Now, it is acting as a resistance for the price. Once it has been broken upwards, a potential bull run will be very likely. TA comment The Bitcoin price is having a very volatile behaviour after periods with low volatility. This tells us that the big up or downward movements are preceded by ranging periods that can last up to a month. To take advantage of it, we can incorporate to volatility indicators our strategy that will open positions once the volatility percentage is above a certain level. We have added the Cryptohopper ATR (will be fully added to Cryptohopper soon). This indicator will allow your strategies to open positions once the volatility is above 2%. Also, we have added the indicator Aroon. In this way, this strategy will open positions when the volatility is above 2% and Aroon has singled a buy. Pattern Last week, we talked about the pattern Closing Marubozu Bearish . It can be easily spotted in sharp declines in the price. During last week’s pump, the sharp increase of the price made exactly the opposite pattern, the Closing Marubozu Bullish . Closing Marubozu Bullish is a bullish pattern and is represented by one candle. This one has a long body and short, or none, wicks with an upward movement. I will generate a buy signal when spotted.
BITFINEX:BTCUSD
by cryptohopper
When would $BTC turn bullish?Key levels Short term Supports—> S1: 7,300 & S2: 6,800 Resistances—> R1: 7,750 & R2: 8,100 Medium term Supports—> S3: 6,600 & S4: 6,400 Resistances—> R3: 8,800 & R4: 9,400 Potential scenario Two days ago, Bitcoin made a very sharp move from $8,300 to $7,400 . Almost $1,000 in barely 12 hours. Bitcoin has been continuously making lower maximums since it reached $13,800 back in June. This suggests that the scenario remains very bearish for the most capitalised cryptocurrency. In order to turn more bullish, Bitcoin needs to break R3, and R4 for better confirmation . Currently, the most important resistances are R3 and R4. If the price remains below those levels, we can expect further falls. TA comment In order to pinpoint a potential bullish rally that would break the key levels R3 and R4, a long-term moving average, Weighted Moving Average (WMA) in this case, would give buy signals only once the price has increased significantly. Then, getting closer to R3 and R4 In order to filter potential fake signals or breakouts, the user can add another technical indicator to improve the likelihood to get a positive trade. Pattern During the 7% drop that took place two days ago, the system spotted some bearish patterns. One that is very clearly represented in the chart is the Closing Marubozu Bearish . It is a bearish pattern and represents by one candle, and signals a sell signal. This one has a long body and short, or no, wick with a downward movement.
BITFINEX:BTCUSD
by cryptohopper
2
$ETH, next moveKey levels Short term Supports—> S1: 167 & S2: 153 Resistances—> R1: 190 & R2: 195 Medium term Supports—> S3: 140 & S4: 133 Resistances—> R3: 200 & R4: 220 Potential scenario Ethereum , as most of the cryptocurrency market, is still undertaking a bearish trend that has been going on for almost 4 months. Currently, the price is hovering around R1 and S1, $190 and $165, and due to the bearish scenario that has taken over the market during the last months, we can expect further falls. This bearish scenario enables crypto traders the possibility to increase their Bitcoin portfolio through altcoin trading before a potential bull run takes place. TA comment In a potential bearish scenario, there have been several up and downwards trends, the indicator Parabolic SAR pinpoints the current trend and changes symbol exactly when the market sentiment changes. As you can see in the chart, by selecting this indicator in Cryptohopper, your strategy will signal buys and sells automatically when the market changes its short term trend direction. You can add filters to your strategy by adding other of the Cryptohopper indicators in your strategy to the point where it is consistent and profitable enough. Pattern In the currently reigning bearish scenario, there have been multiple pull-backs making the price bounce back up after a downwards move. Just before this bounce back up, the price has been performing the famous pattern Hammer , which Cryptohopper recognises as a buy signal when it is spotted by the system. It is a bullish reversal pattern. It is represented during a downwards trend and as a candle with a long lower wick and short body at the top.
BITFINEX:ETHUSD
by cryptohopper
2
$BTC, ready to go down again?Key levels Short term Supports—> S1: 8,100 & S2: 7,700 Resistances—> R1: 8,800 & R2: 9,300 Medium term Supports—> S3: 7,300 & S4: 7,000 Resistances—> R3: 10,000 & R4: 11,000 Potential scenario Bitcoin is slightly recovering after a fall of 17% that drove the price down to $7,700. However, we must be careful with the latest increases. Very likely, the price is performing a pull-back to R1 or R2 to thereafter continue its way down. In a potential bearish scenario, we expect the price to go down to S2 and even S3 in the most bearish case. We only consider more bullish scenarios if the price goes above R2. TA comment As we said in the previous section, the price currently has larger bearish potential. Having shorting settings enabled will cover your Hopper from losses . It will place a sell order when the price of your cryptocurrencies are likely to decrease to buy them back when it recovers positive momentum. Add sell indicators to your strategy and enable shorting settings to cover your hopper from losses in a bearish scenario! Pattern As we can see in the chart, the price touched R1 and was quickly rejected downwards. This large rejecting drove the price downwards and performed a very typical pattern, the Inverted Hammer. An inverted hammer is a bearish reversal pattern. It is represented during an upwards trend and as a candle with a long upper wick and a short body at the bottom. Then, s ignalling sells.
BITFINEX:BTCUSD
by cryptohopper
$XRP continues its downtrendKey levels Short term Supports—> S1: 0.25 & S2: 0.20 Resistances—> R1: 0.30 & R2: 0.46 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.55 & R4: 0.60 Potential scenario At the end of September, XRP touched its lowest level since the 2017 bull run, $0.21. Even though it looked like the everlasting downtrend was coming to its end when last June Ripple sore to $0.51, it keeps making lower lows. After reaching S2 last week, the price has made a retracement to S1 to, very likely, keep going down. It is still too soon to take medium-term positions since the scenario remains very bearish. TA comment As argued in the last section, the scenario for Ripple and most of the crypto market still remains bearish. Resistances cannot be broken upwards due to the lack of demand and the price keeps making new lows. Ripple has been making new lows through strong bearish moves, then making a pull-back and continue its way down. We could use the Bollinger bands to open long positions before the price makes the pull-back. When XRP moves downwards, the lower Bollinger band will be broken by the price, to thereafter increase and perform the pull-back to the resistance. Then, increasing your chances of getting a positive position. Pattern During this long downtrend, the pattern In-Neck has been spotted several times. It is a bearish continuation pattern represented by 2 candles. During a downtrend, a long decreasing candle is followed by a small increasing candle that opens below the previous candle and closes slightly above the previous close. Therefore, signaling a sell.
BITFINEX:XRPUSD
by cryptohopper
$BTC made THE pullback. And now?Potential scenario After more than three months, it happened. The descending triangle, broke downward . Bitcoin has been making decreasing maximums for three months, putting a lot of pressure in the support $9,300. It was very likely that we could have a bearish move, and now the largest cryptocurrency is being traded at $8,000. As the book of John J. Murphy argues, Technical Analysis of the Financial Markets (known as the bible of trading), descending triangles have a very high likelihood of having a very sharp and large bearish movement once the triangle is almost completed. Also, after the very quick price increases during May and June, BTC was likely to have a large retracement. At the time of writing, the price hovers around $8,000, the question is, where is the demand, waiting for the price to start a new bull run? As you can see in the chart, S1, S2 and S3 have higher chances of being levels where the demand could push the price up again. TA comment Continuing with the main question of the previous section, where will the demand drive the price up again? Nobody knows for sure, but the community agrees that it will be a level between $6,800 and $8,000. In order to take advantage of future bull runs, we need to add an indicator to our strategy that could capture such movements and avoid opening positions meanwhile, the price remains bearish or sideways. For this purpose, a slow moving average could work in pinpointing a momentum recovery of the price. We have selected the indicator RSI with region crossover to trade in the current scenario. It will open positions automatically once the RSI is oversold and crosses back to the neutral zone. This means that the price is recovering momentum and, therefore, might be bouncing on a support. Pattern Regarding patterns, the Closing Marubozu Bearish pattern was very present during the big fall we had two days ago. It is a bearish pattern and represents by one candle. This one has a long body and short, or none, wicks with a downward movement.
BITFINEX:BTCUSD
by cryptohopper
1
$BTC, on the edge of making a very sharp moveKey levels Short term Supports—> S1: 9,900 & S2: 9,300 Resistances—> R1: 11,000 & R2: 11,800 Medium term Supports—> S3: 8,800 & S4: 8,200 Resistances—> R3: 12,300 & R4: 13,000 Potential scenario It has been almost three months since Bitcoin made its sixteen months high, and it is still trapped in a very bearish scenario. The Bitcoin price has been continuously making lower highs, as we can see in the chart with red circles. Many traders are discussing that the price is making a descending triangle. What is it? As the name suggests, it is a bearish triangle. They are formed when the upper part of it makes lower lows and the price is putting a lot of pressure on the support (base of the triangle). Frequently, descending triangles, once they are almost completed experience very low volatility. Once the price is at the apex of the triangle a sudden rush in volatility causes a break downward . The triangle can be completed in around a week. Which means that there can be a sharp and large move very soon. TA comment As argued in the section "Potential scenario", Bitcoin could be on the edge of making a very sharp move , once the triangle is almost completed. In order to automate and take advantage of this potential scenario, we can select two indicators. We have selected the DMI to generate buy or sell signals and the Cryptohopper ATR , an indicator we have developed in our office and soon available in our platform. This indicator allows us to open a trade based on DMI only whenever the ATR is above 2% volatility level. The essence of the strategy is to open positions ONLY when the price increases its volatility and the DMI signals a buy or a sell. By including the Cryptohopper ATR to the strategy, we sort of add a volatility filter, that will prevent the hopper to open positions when our strategy signals buys or sells during sideways markets. We have set the volatility filter at 2%, so when it goes above this level, the hopper will be able to open positions based on our indicator DMI. In this way, it will open positions only when the volatility is back in this market. Pattern Regarding patterns in the chart, as we’ve discussed before, Bitcoin has been performing a huge descending triangle with a maximum at almost $14,000 and a minimum at $9,100. However, it is possible to find other patterns within the triangle. Recently, the candlestick recognition system has spotted the pattern ''inverted hammer" when the price tested the upper band of the triangle. An inverted hammer is a bearish reversal pattern. It is most often presented during an upward trend and as a candle with a long upper wick and a short body at the bottom. By including this pattern in your automated strategy, you can generate sell signals once this pattern appears in the chart.
BITFINEX:BTCUSD
by cryptohopper
7
$BTC unable to break resistances yetKey levels Short term Supports—> S1: 9,900 & S2: 9,300 Resistances—> R1: 10,900 & R2: 11,700 Medium term Supports—> S3: 8,800 & S4: 8,000 Resistances—> R3: 12,300 & R4: 13,000 Potential scenario As argued in past market analyses, Bitcoin has been forming a large triangle for the last 3 months . However, last week it broke its lower band to test S2 at $9,300. This support has proved to be a key support and a demand zone for the price since it has rejected the price the last four time that it has attempted to break it. On the other hand, the scenario keeps being rather bearish. None of the maximums (with a red circle) have been broken since we reached $13,800 the last month of June. It is likely to get further corrections to $8,700 if the price cannot break R1 and R2. TA comment In a potentially bearish scenario like the one we are currently in for Bitcoin and most of the crypto market, choosing indicators that will pinpoint retracements or pullbacks during the downtrend. For this purpose, we have been testing the indicator RSI with region crossover to open long positions once the RSI goes from the oversold back to the neutral zone. As you can see in the chart, once the price recovers momentum after a fall, the RSI enters back into the neutral zone, which can be automated for any cryptocurrency you would like to choose. Pattern The main pattern currently being formed by the price is the large triangle represented in the chart with orange bands. Last week, its lower band, the one that was making increasing minimums (bullish sign) was broken, which suggests that the bears might be winning the fight and this triangle will break downwards.
BITFINEX:BTCUSD
by cryptohopper
7
$XRP - How to take advantage of the new lowsKey levels Short term Supports—> S1: 0.25 & S2: 0.20 Resistances—> R1: 0.30 & R2: 0.47 Medium term Supports—> S3: 0.18 & S4: 0.15 Resistances—> R3: 0.57 & R4: 0.68 Potential scenario The chart shows us the XRP behaviour over the last year . It has ranged from a maximum of 0.79 to a recently reached minimum of 0.24. It is currently being held on S1 at 0.25, a key price level that has been acting as a resistance before the 2017 bull run and as an important support during the whole bearish market. \u2028S1 has proved to be a strong support over the last year and a half, and it is very likely that will keep preventing further falls. However, if this support is broken, we can expect the XRP to test S2 at $0.20. TA comment An important part of the cryptocurrencies started surging again last April. Ripple even reached 0.50 and thereafter, it went back down and even made a new yearly minimum at 0.237. Since the crypto market and community seems to be getting ready for a new bull run, we can make use of a quick moving average like the WMA (Weighted Moving Average), using it as our long-term moving average. Therefore, if the XRP makes a sharp and long move upwards as a potential sign of a bull run, our hopper will open long positions when the short moving average (green) crosses up the long one (orange). Pattern As said in the section Potential scenario, the price is continuously being rejected by S1. During these rejections there have been several Dragonfly Doji patterns. It is a bearish reversal pattern represented by one candle. This candle has the shape of a Doji with a long lower wick and no upper wick. Therefore signalling buy points.
BITFINEX:XRPUSD
by cryptohopper
3
$BTC - about to make a large and sharp moveAnother week and Bitcoin keeps forming this huge triangle that, very likely, will end with a very large breakout up or downwards. As we can see in our volatility indicator, the Cryptohopper ATR , volatility levels are very low, even lower than 1%. This surprisingly low volatility levels together with the huge triangle that is being formed for more than two months already.\u2028 \u2028Usually, during triangles, the price breaks very aggressively up or down once they are almost completed. The fact that the volatility is very low, suggest that the triangle might be coming to its end and that sharp move might be about to take place.
BITFINEX:BTCUSD
by cryptohopper
18
$BTC keeps forming a huge triangle - Breakout?Key Levels Short term Supports -> S1: 9,900 & S2: 9,300 Resistances -> R1: 10,900 & R2: 11,700 Medium/long term Supports -> S3: 8,800 & S4: 8,000 Resistances -> R3: 12,300 & R4: 13,000 Potential Scenario Following up with last week´s analysis , the Bitcoin keeps bouncing on the lower line of the triangle that has been forming for 2 months already. Usually, triangles break heavily up or downwards when they are almost completed. The one in the chart is putting a lot of pressure on the lower part, and it could have more chances to break it downward. If we finally have a downward movement of the price, we expect a retracements to around $8,500, which is a large demand zone. TA Comment Last week we talked about automating the indicator Percent Change to open trades once the price went above a specific percentage (usually above resistance). Today we are going to check the DMI . Why? The DMI helps you to pinpoint when the positive trends are more present than negative ones. Since the price is currently testing and bouncing on the lower part of the triangle, it can open trades with a very nice timing. Pattern As we argued in the last post, the price is forming a big triangle that is likely to move sharply up or down once it is completed. Within this triangle, it is possible to spot other patterns that can represent buy and sell points. The pattern Harami Bullish has been recently spotted by the system. It is is a bullish reversal pattern represented by 2 candles. The first candle is a decreasing candle with long body, followed by a small increasing candle within the range of the previous one.
BITFINEX:BTCUSD
by cryptohopper
$BTC, performing a triangle?Key Levels Short term Supports -> S1: 9,900 & S2: 9,300 Resistances -> R1: 10,900 & R2: 11,700 Medium/long term Supports -> S3: 8,800 & S4: 8,000 Resistances -> R3: 12,300 & R4: 13,000 Potential Scenario Bitcoin has plunged down from $11,500 to $9,500 in barely 48 hours. A decrease of around 20% during the last week. As we can see in the chart, BTC is making lower maximums, which is a bearish sign. However, the minimums are slightly increasing, which is a bullish indication. If the price keeps putting pressure on S2, we can see a larger bearish correction. but, if the minimums keep increasing, the trend can reverse. TA Comment Bitcoin currently finds itself in the lower band of its channel (orange line) and is probably performing a triangle pattern. During triangles, the price bounces up and down between the range, which gets narrower every time. We can use this lower line of the range to open long positions by using the indicator Percent Change . By setting a percentage, i.e. +1.8%, once the price is near the lower band of the channel, if the price bounces back up, the bot will open a long position automatically. Pattern As we have said, the price can be making a triangle and every time the price touches the lower band of this one, the price is very likely to bounce back up. It is possible to spot several hammers once the price hovers around that area. A hammer is a bullish reversal pattern. It is represented during a downwards trend and as a candle with a long lower wick and short body at the top. Therefore signalling a buy.
BITFINEX:BTCUSD
by cryptohopper
14
$XRP - Key supportRipple , and most of the altcoins, have reached minimums precrisis levels. This can be interpreted as a pull-back to the resistance that has been flipped to a support. Therefore, suggesting that we might the seeing XRP price bouncing back up. However, the price has been putting a lot of pressure in the support at 0.26 for more than a year already. This pattern took place in the Bitcoin chart back in November 2018. And what happened? The price broke the support downward and performed the so-called cup and handle pattern, to thereafter begin its bull run. XRP is having a similar behaviour. It has two main scenarios. One where the price breaks 0.26 downward and, potentially, performs the cup and handle breakout . And a second one where the price bounces back up on 0.26. --CRYPTOHOPPER--
BITFINEX:XRPUSD
by cryptohopper
Key moment for $BTC - 13,000 or 10,850Key Levels Short term Supports -> S1: 11,800 & S2: 10,850 Resistances -> R1: 12,300 & R2: 13,000 Medium/long term Supports -> S3: 9,900 & S4: 9,400 Resistances -> R3: 13,700 & R4: 14,000 Potential Scenario The bearish channel, that has been keeping the Bitcoin price down, has been broken. This breakout has been performed with a pull-back to the upper line of the channel. Which usually suggest that the price will keep on increasing as the buyers are in control. On the other hand, we are seeing BTC making lower maximums, which is a bearish sign. TA Comment Currently BTC is at a turning point, does it continue it's way up, or will the bears take over and continue the bearish channel. By using the Aroon indicator it is easy to identify trends, their direction and their strenght. It will show ranging as well. By automating this indicator, it could send buy and sell signals in the event of bitcoin finally picking a trend. Pattern After the channel breakout, the price is making a symmetrical triangle . Usually, this pattern suggests that, once it is almost completed, the price will make a sharp movement up or downward. If it moves upward, we can see BTC testing R2 at $13,000. On the other hand, if the movement is bearish, the price can go back to the bearish channel and head to S2 at $10,850.
BITFINEX:BTCUSD
by cryptohopper
$BTC breaks the bearish channelBitcoin seems to have left behind the bearish pressures that, with ups and downs, it has been having during the last month and a half. In barely six days, Bitcoin has risen from $9,400 to $12,245 , its current level. This represents a 24% increase. The Bitcoin´s bearish channel has been just broken , and it couldn´t have done it better. BTC broke it and flipped the upper band of the channel from resistance to support with a small retracement. Then, it continued rising until R1. Now, there are two potential scenarios: - Bullish . BTC retraces to S1 to thereafter attack R2 at around $13,000 - Bearish . The pull-back is larger and the price retraces to S2.
BITFINEX:BTCUSD
by cryptohopper
3
#Ethereum ready to follow BitcoinKey levels Short term Supports—> S1: 190 & S2: 155 Resistances—> R1: 235 & R2: 275 Medium/Long term Supports—> S3: 145 & S4: 125 Resistances—> R3: 315 & R4: 350 Potential scenario Ethereum seems to have completed its retracement after the bull run we had during June. It bottomed at $190, therefore performing a pull-back of 47% after it reached $360 on June 26th. Yesterday, Bitcoin increased by 6% and went above $10,200. This bullish momentum can make Ethereum break R1, the resistance at $235 that has been containing the price for 17 days. TA comment Volatility and momentum indicators can help us to pinpoint the moment when Ethereum can break R1. By using the Cryptohopper ATR (coming soon to the platform) and the DMI , we can get buy points where the volatility and momentum of the price increase. In this way, we could automate long positions when the volatility increases above a specific percentage and the DMI gives a buy signal. Pattern During the latest increases in the Ethereum price, it has been possible to spot the pattern Three-Line Strike Bearish . It is a continuation pattern represented by 4 candles. Starting with three decreasing candles with a short body, the fourth one engulfs the three previous candles totally. Therefore, suggesting that the price is very likely to continue its current trend.
BITFINEX:ETHUSD
by cryptohopper
#Bitcoin, low volatility but gaining momentumBitcoin remains with low volatility , although it is showing signs of recovery and the price is beginning to go up again. According to our indicator CH ATR, volatility levels in a 1-hour chart remain below 0.8%, our volatility threshold for this candle size. Even though the price seems to be slowly trending up, it still finds itself ranging between S1 and R1 . Unless this range is broken, the price won’t show higher volatility signs and therefore trading opportunities. BTC broke downward the trend line and now it is making a retracement to it and R1. If the price can break it upward and make the pull-back, the chances to go to the next resistance at $10,200 are very high. On the other hand, if it cannot break it and we have low volume the price will be likely to retrace until the S2 at $8,800.
BITFINEX:BTCUSD
by cryptohopper
4
$BNB in a consolidation process - Testing $25 supportBNB , along with Litecoin, had one of the most spectacular beginnings of the year in the crypto space. Especially after such a strong bearish market in 2018, the Binance coin increased more than 600% in the first six months of the current year. Several weeks ago, MACD divergences started and decreasing OBV levels took over its chart to consolidate previous gains. A retracement of almost 40% of its highest point took place. Now, the area of $25 seems to be the floor that where the price can head back up. However, if the bearish channel continues its way down and breaks $25, the price will be very likely to reach $20. A way to pinpoint bounces on supports, either pull-backs or trend reversals, is by using the Cryptohopper OBV , this indicator generates buy and sell signals with the crossover of the OBV line and its exponential moving average (EMA). Once that the OBV line is above its EMA, the price and volume are trending up altoguether.
BINANCE:BNBUSD
by cryptohopper
2
#Bitcoin testing the 3 months trend lineKey levels Short term Supports—> S1: $9,400 & S2: $8,800 Resistances—> R1: $9,800 & R2: $10,900 Medium term Supports—> S3: $8,000 & S4: $7,400 Resistances—> R3: $12,000 & R4: $13,000 Potential scenario Bitcoin still finds itself in a bearish channel since it has been making continuous lower maximums since it made its 12 months maximum at almost $14,000. However, the price has been bouncing on the trend line (green line) that BTC started in April. If this line is broken downwards, we can expect further falls to S1 and S2. If it is strong enough, the crypto market is very likely to continue its uptrend. TA comment Bitcoin still finds itself in a bearish channel. It has been making continuous lower maximums since it made its 12 months high at almost $14,000. However, the price has been bouncing on the trend line (green line) that BTC started in April. If this line is broken downwards, we can expect further falls to S1 and S2. If it is strong enough, the crypto market is very likely to continue its uptrend.  Pattern The last fall from $10,000 to the current price, $9,750, was performed with three decreasing candles in a row. This created a pattern called Identical Three Crows , which is a bearish pattern represented by three candles. During an uptrend, the three following candles start decreasing, being their opening price near the close of the prior candle and with similar body sizes.
BITFINEX:BTCUSD
by cryptohopper
4
$BTC about to reach a key support, S1Bitcoin continues in a bearish channel that has already corrected 30% since it made its yearly high at almost $14,000. It is still hovering around $10,000 that is considered a key level for a potential bull trend. If this level is strong enough to hold the price and to avoid falls below $9,300, the bulls could take over again. It might be too soon to take long positions in BTC since could go below $9,300 and deepen more in its bearish channel. Price levels above R2 at $11,000 will suggest a very strong bullish potential for the price.
COINBASE:BTCUSD
by cryptohopper
$ETH performing an ascending triangle - BullishEthereum following the same pattern as Bitcoin. After the increases that most of the cryptocurrencies had during June, in which Ethereum reached $360, the retracement consolidating these gains took place. In the case of Ethereum, this correction was around 45%. Now, the price might have reached the bottom of the retracement at $190 and is performing an ascending triangle that can break upwards once it is almost completed. In the scenario in which the price heads upwards, it is very likely to approach the next resistance at around $270 . In the case that the retracement continuous, the price will hover around $190 again.
BITFINEX:ETHUSD
by cryptohopper
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