DestinationMoonCrypto

DestinationMoonCrypto

Price Friday is the third day of grows, which brings the price to the upper bound of the 6250 – 6600 channel. Despite that this grows did not have any noticeable volumes or momentum, the fact that the price holds above psychological 6500 and leans to technical level 6600 opens a possibility for a breakthrough and further bullish developments, especially if...

DestinationMoonCrypto

Price Yesterday BTCUSD found a support around 6200 and to the end of the day showed 2.5% growth, breaking above the weekly trend line and closing the day around 6400. It is already seven days, the price moving in a narrow channel after a massive fall (almost 16%) which has whipped out almost all August gains. Overall picture stays the same, the price is low...

DestinationMoonCrypto

Price The movement proceeds along the upper border of the supportive zone 5750 – 6250. Thin volatility and leaning towards 6250 level shows the lack of support so the price will be moving downwards, looking for support. Levels 6150, 6100 and 6000 all have a chance to be tested today. From the upside, weekly bearish trend line, which pushes the price closer to...

DestinationMoonCrypto

Price Monday passed in a narrow lateral channel between 6250 and 6400 levels, median price gradually lowering during the last 5 days, which shows that traders do not have much interest in current levels and need either lower price to buy in or movements above 7000 as a sign of reversion. In couple with the Saturday low at 6100, the price forms a triangle, which...

DestinationMoonCrypto

Price During the weekends BTCUSD tested the 5750 – 6250 support zone, the price found support on the Bearish Trend Line and managed to come back in the lateral channel, above 6250. Still, medium price lean closer to 6250 with each day, making the movement further down more probable. Fundamental support stays shallow, so there are not many factors that could...

DestinationMoonCrypto

Price On Thursday the fall stopped at the Bearish Trend Line, near to the major support zone 6250 - 5750. After the stop, the price went sideways in a narrow corridor. For now, the bulls will wait while the price confirms whether the zone 5750 – 6250 still have enough support, so the probable forecast is further sideways movement with testings of the 6250...

DestinationMoonCrypto

Price Yesterday Bitcoin showed an anticipated fall, losing 13%, slicing through almost all gained levels and reaching the Bearish Trend Line and 6250 level, which coincides with the 61,8 Fibonacci of the August uptrend. Comeback below Bearish Trend Line will return the overall view to bearish state and open the way to the 2018 low at 5750. Sharp fall which did...

DestinationMoonCrypto

Price Bullish tendency continues, bringing the price above 7300 level to the latest peak 7430, breakthrough above this level will be a bullish signal and probably send the price even higher. Nonetheless, more and more traders are waiting for the correction to such unusually calm growth (bitcoin market shows the lowest volatility in 2018). Due to an absence of...

DestinationMoonCrypto

Price Monday went into a lateral manner, slightly above 100-days EMA and below 7300 level. The longer the price will hold above EMA, the more chances to gain enough support for the next upward rally. 7430 level stays a resistance, which needs to be pierced to confirm completion of the August bottom pattern and beginning of the next growth cycle. From opposite...

DestinationMoonCrypto

Price Bullish Tendency continued to develop during the weekend, bringing the price to the 100-days EMA during the Saturday and testing 7300 resistance during the Sunday, peaking at the 7430. The week opened above the 100-days EMA, leaving only 7300 above to finish the turnaround pattern and turn into a bullish state. Many connect bullish state of BTCUSD with the...

DestinationMoonCrypto

Price Yesterday Bitcoin didn’t manage to withhold the 7000 level and went down into a correction. Later BTCUSD lowering was stopped by 6800 support, the price even showed a rapid comeback to the 7000 but did not manage to gain enough power to break above it. For now, local view of the price is a correction to the recent uptrend movement, from the wider view –...

DestinationMoonCrypto

Price As we expected 7000 – 7300 zone showed its resistive manner and pushed the price downwards, sending it into a lateral movement along the 7000 level. If bitcoin won't gain support in nearest time the recent trend will go into a correction and reach at least to the 6800 level. Let’s not forget, that until price will be holding firmly above 7300 the overall...

DestinationMoonCrypto

Price One more day presented us with one more breakthrough, continuing the local bullish trend. It is worth noticing, that due to rather low volumes and relatively low momentum this uptrend looks more like a correction to the oversold market, as like there were no one willing to sell on these levels so the market went upwards to gain more volume. Nonetheless, now...

DestinationMoonCrypto

Price Monday went much better than expected and the price broke above Bearish Trend Line at the end of the day. Then BTCUSD went above 6800 resistance and now trading on the 22 August high – 6900. One of the possible drivers for such unexpected bullish behavior is CFTC report about low levels of short positions in the bitcoin futures market (reached historic low...

DestinationMoonCrypto

Price Friday pleased us with a bullish breakthrough above 6600 resistance, and even more, the price managed to hold out at new levels throughout the weekend. Until BTC price will reach above 7000 level we cant identify a turnaround pattern, so the breakthrough doesn’t change much of the wider view, but still it lefts more levels as a support below the price,...

DestinationMoonCrypto

Price Though yesterday closed with a slight growth, the pattern stays as a lateral stagnation accompanied by a decrease in volumes. Recent comments from the SEC officials, that they will reconsider the disapproval orders for nine bitcoin ETFs issued on Wednesday, caused even more confusion on the markets, leaving the price in its comfortable boundaries 6250 –...

DestinationMoonCrypto

Price As we expected yesterday, the price went back below the 6600 level, into the 6250 – 6600 channel. 6000 – 6250 zone is still showing its resistive manner as we see how the fall stopped on the 6300, but the overall market looks bearish right now. The yesterday false breakthrough along with negative SEC answer on ProShares ETF Application will definitely send...

DestinationMoonCrypto

Price Bitcoin price jumped by as much as 7% almost instantly at around 1:00 UTC today. Many connect the movement to BitMex shutdown, as it was giving a huge arbitrage opportunity to traders. Nonetheless, the movement led the price out from the 6250 – 6600 channel. 6900 level appeared to strong and stopped the growth, eventually pushing the price down to the 6600...