DestinationMoonCrypto

DestinationMoonCrypto

Price During the weekends the price confirmed a newly-formed uptrend tendency and managed to get back inside the October lateral wedge, above 6400 level. Given the lack of news, this behavior adds positivity to the price pattern. Nonetheless, a crucial level for the overall pattern is 6800, until we reach it the overview stays bearish. Today bounds: 6500 from...

DestinationMoonCrypto

Price BTCUSD step-by-step restores past positions after a two-steps drop to the 6250 support. By rising above 6400 price leaves oversell zone, still, overall pattern stays bearish according to Bearish Trend Line and lateral wedge formation. To consider reversion of the two-week downward tendency we need to see rise above the 6800 level and 100-days EMA, until...

DestinationMoonCrypto

Price One more dip brought the price to the support level 6250, this time the movement triggered buyers and price was brought back up to 6400 level. Still, the hike only shows that 6250 level still has a lot of supportive power, there is no turnaround pattern seen yet. So, for now, we have a channel 6250 – 6400, which probably will be traded-through in nearest...

DestinationMoonCrypto

Price After a drop-down from the correctional wedge formation BTCUSD went into an inclined channel, gradually lowering, looking for a bottom. The nearest support on the way down is 6250, the beginning of the lower point and main support zone of 2018 (5750 – 6250). Today news background is quiet, so we do not expect any strong moves from the market, the most...

DestinationMoonCrypto

Price The breakthrough happened, strong selling pressure started at the 6500 level and pierced easily all supportive levels until 6300, bringing the price below the lateral wedge formation. Such behavior inclines the assessment of the situation towards the bearish forecast, targeting the support zone 5750 – 6250. Despite the fact, that the price did not reach the...

DestinationMoonCrypto

Price The week opened a common pattern of low volatility and gradual lowering… Nothing changed a lot in the fundamental background, so without catalysts, the slow low-demand trading continues. October futures has expired on 26.10, this could have been pressuring on the price, so there are opinions that this week (the week after closure) could bring some movement...

DestinationMoonCrypto

Price BTCUSD pair shows record-low volatility for the six days in a row, yesterday movement range was less than 1%. The main reasons for high uncertainty are considered the launch of ICE Bakkt futures (planned on December 12), likely recalling how the CME bitcoin futures launched last year are being blamed for the sharp drop that ensued since then; and a high...

DestinationMoonCrypto

Price The absence of positive developments in SEC politics, which were revealed in a recent meeting with VanEck lowered the price to 6450, but the pair met demand on these levels, which pushed it above 6500. Overall, the lateral movement continues, in awaiting of strong catalyzers, which will be able to push the price away from the 6450 – 6800 range. Today...

DestinationMoonCrypto

Price Today morning a slight increase in volume and upward movement, still that momentum was only enough to get above the 6600 level (1.2% growth). Overall, low-demand lateral movement proceeds in previously established boundaries 6450 – 6800. One of the popular patterns around the net is the 5th September - now wedge, which excludes Bitfinex spike (to 7800)....

DestinationMoonCrypto

Price No major changes in the fundamental background during the latest day, as well as in the price behavior. BTCUSD stays in the narrow lateral channel inside 6450 – 6680 zone. Too-long lull will weaken supporting levels and lower the price eventually. Current situation needs to see any fundamental feedback to change the faze, otherwise, the price will continue...

DestinationMoonCrypto

Price The correctional movement after the provoked by Tether hike continues, the price gradually descending with low momentum and weak volumes. On Saturday morning the price bottomed at 6500 level and found enough support for upward momentum above 6600 level. Still, the pattern stays lateral, with 6500 – 6800 boundaries. For now, the situation looks like traders...

DestinationMoonCrypto

Price Lowering demand eventually weakened support and brought the price lower, to the 6600 level, which showed a hike in volumes and, for now, holds the price. The fundamental background stays rather empty, which is the main reason for lowering demand. In view of the desaturated news background, SEC relations with BTC ETF applications stay the main lever which...

DestinationMoonCrypto

Price For the third day, the price stays in an indecisive pattern, clamped in a narrow range 6680 – 6800. The market obviously waits for some fundamental factors, that could push the price in either direction. In such a situation, the absence of fundamental support and lowering demand could eventually lower the price. Boundaries stay the same, 6600 as a support...

DestinationMoonCrypto

Price Lowering volatility shrinks the price inside a narrow channel 6700 – 6800. For current lowering momentum, the 6800 (coinciding with 100-days EMA now) looks too stiff, so lowering price range could be an indicator of soon step down. 6600 – 6700 zone holds as a support for now, which soon could be tested; breakthrough below this level will change lateral...

DestinationMoonCrypto

Price Monday spike did not manage to fix the price positions above 6800, still, the price shows positive behavior above 6600 level. For now, the crowd is still digesting the new Tether situation, whether it is was a fud panic around USDT to twitch bitcoin price or Tether really have problems this time. From the technical view, comeback below 100-days EMA and 7000...

DestinationMoonCrypto

Price After lateral weekends in a narrow range bitcoin shooked markets on Monday, spiking close to the 7800 mark on Bitfinex during an hour. Now the price already has returned a halfway down and, at the moment, trading around the 100-days EMA and 6800 level. Opinions agree that the main reasons for the spike are troubles with Tether and people trying to drop-off...

DestinationMoonCrypto

Price Today the market is trading sideways after the recent fall. Level 6250.0, the upper bound of the main resistive zone, has managed to stop the falling. Nonetheless, the price has not yet won back even a half of the fall, so that the market bias stays bearish with high probability if further fall. Main levels for today are 6250.0 from below, a breakthrough of...

DestinationMoonCrypto

Price Almost 6% fall breached the Bullish Trend Line and brought BTCUSD price to the main support zone 5750 – 6250, the last barrier before renewing yearly lows. The clear reasons for the fall are currently unknown, many blame such dropdowns on the trading robots. It is also known, that there were two negative publications, that could have had an impact on the...