Price The price continues to fluctuate inside the 6250 – 6600 channel, high selling volume at the end of the day brought BTCUSD to the 6250 level but quickly found a support and all selling volumes were closed near the 6250. Today we see a continuation of the lateral movement which gradually lowering bulls appetite for the current price levels and eventually...
Price Weekends passed in a lateral manner, the price was fluctuating between 6250 and 6000 levels. Prolonged lateral movement after the 6000 rebound speaks of uncertainty in the market and makes the emergence of a reverse Head and Shoulder the less likely (the figure needed a fast price movement above 7000). For now, the price fluctuates around pivotal point...
Price Bitcoin price refuses to form any kind of an uptrend and proceeds in a lateral manner, nevertheless, the peak of volumes trades a little higher each day is a positive sign. 6250 level was tested once more today but again showed itself like a strong support. Yesterday BTCUSD tested a 6600 resistant and also confirmed it’s power for now. So, for today, the...
Price Yesterday went in an expected manner, fluctuating between 6250 and 6600. For now, BTCUSD is holding above 6250 which is important for an upward overview. Nonetheless, until the price reaches 7000 – 8000 zone this upward movements could be considered as a correction of the bearish trend. As the negative news background, has changed to neutral we expect a...
Price From yesterday BTCUSD showed a sustainable growth, with a hike in volume after reaching the Bearish Trend Line and 6250 level. This growth showed a supportive power of the 6000 – 6250 zone, which gives a hope to bulls, but still consideration of any reversal will need more confirmations. The most important requirements to change outlook from bearish to...
Price After a short run upwards BTCUSD turned sharply and began the fall, not managing to hold on the 6250 on the way to 6000. For now, the price fluctuates slightly below 6000 (5950), the fact that the most volumes were traded on the 6000 or lower adds to the bearish scenario. We do not consider the 6000 level broken yet, but all looks like the price could go...
Price The last three days went as it was expected, lateral in the 6000 – 6600 zone. Though, Saturday was marked by high volatility and dive below the local support 6250. The fact that the price was brought back above 6250 adds to the supportive nature of 6000 level. So, the Bearish Trend Line is violated already and BTCUSD spent Sunday above 6250 in a lateral...
Price BTCUSD has been showing growth yesterday but did not leave the 6000 - 6600 correctional zone thus did not violate the August bearish tendency. For nearest days we have a 6600 resistance and Bearish Trend Line from above and 6250 – 6000 supportive zone from below, the price will react on these levels. Break above 6600 will only send the price to the next...
Price Spending most of the day on the 6500 level Bitcoin eventually managed to buy-out all bullish volumes and went downwards, heading to the 6000 support. A pause on the 6250 level confirms the importance of the 6000 – 6600 zone but doesn't break downward tendency yet. The market has already shown its reaction on the latest SEC statement (to extend the decision...
Price Yesterday BTCUSD fell sharply, breaking the 6800 support on the way, after SEC statement on the prolongation of decision period for ETF applications. The price did stumble on 6600 support for a short time, but after a while broke below and now trading around the 6500 level. 6000 is a near-term target, by reaching it Bitcoin will erase all gains and...
Coin of the day is Ethereum Classic. Ethereum Classic started to show a significant growth lately, let's see what its all about and what to expect further. Recap In 2016 after the hack a venture capital fund called The DAO, which was built on the base of Ethereum, the decision of a hard fork was made: the old version stayed as Ethereum Classic and a new one –...
Price The week started with the lateral movement, showing the strength of the 6800 – 7000 zone. Today the price broke above the weekly downtrend tendency and holds most volumes above the 7000 level. 7150 level should be pierced to consider any bullish figures until then we expect a lateral movement in 6800 – 7150 zone. After 7150 resistance the price will face...
Coin of the day is Ethereum. Ethereum has reached an April low and seems to react positively on these levels amid the bearish state of Bitcoin. As long as bitcoin is struggling for the name of whole-world currency and losing one more fight in a form of SEC denying ETF proposals one-by-one. Vitalik Buterin is aiming for another way, where the currency will fight...
Price Saturday brought another-one dive and left the price hanging on the 7000 support level. So, the downtrend continues to escalate rather quickly and do not show any intentions to settle into a lateral correction. The July 17 – August 4 figure already looks like a Head and Shoulders and could be a sign of reversal for many. Nonetheless, the last level which...
Price BTC has gone deeper into a supportive zone, approaching the last support level 7300 on the way to 7000, which was formed in July. The price did reacted to the level, so there is a chance to stay in the 7300 – 7600 zone. Otherwise, a breakthrough below 7300 will lead price to the 7000. Also, a breakthrough below 7300 will draw a "Head and Shoulders" pattern...
Coin of the day is Civic. Along with the overall altcoin market drawdown of 2018 Civic coin also has been testing the near-bottom lows. To be clear, the coin lost almost 90% of its BTC value from 2017 gains. Recently CVCBTC pair dragged attention by hitting almost a 50% pump after listing on Upbit, even higher jump than during recent Binance listing. Let's...
Price BTCUSD reacted on the 7450 - 7600 support zone and after spending whole yesterday in this zone, today Bitcoin price rose above the 7600 level adding more to the 7450 - 7600 supportive value. For now, the market will be looking for the proper boundaries for its correctional movement, which will last at least until the next SEC comments on ETF. Many analysts,...
Coin of the day is Ripple. Once more back to Ripple. A week ago we did an overview of the XRPBTC, where the pair was trading almost at 2018 lows. Since then we saw further development of the turnaround pattern, which seems to be a good opportunity to buy lows. An additional trigger for a new post about XRPPBTC pair was a significant growth of the price amid...