Yesterday, when Ripple showed stronger growth than other assets in the top 10, we did not make too much of it. Today, our fears have been confirmed- growth has been completely corrected, and the downtrend hasn’t been broken. The current price is $0.49 cents- this is a level that has shown significant lateral trading in the past week. However, it’s not reasonable...
Buyers’ carelessness was punished as Bitcoin fail to continue the growth. The whole market is down, again. The week has gotten over the hump, and Bitcoin has gotten over the next critical level of support, giving the bears a unique opportunity to profit from the panic without much effort. We have written about this scenario since Monday, and we hope that loyal...
Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy. Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained. At the time of writing, the...
For the second day in a row, the bulls are enjoying continued success, but let’s first look at the chart and then look truth in the eye - bears have not yet mounted an active resistance. This is not because the market ran out of sellers, they are just waiting for the right moment to open short positions. Over 24 hours, the total capitalization increased by $15...
Don’t be fooled: early signs of market reversal could be just another bears’ trap. By the beginning of Tuesday, the situation on the cryptocurrency market remains uncertain. Despite the fact that Bitcoin - the indicator of investor sentiment - is hovering near a key level with murky prospects, no tension or panic is evident in the media or on the charts. It seems...