Although the trend of BTC broke through the $7,300 yesterday, it failed to stabilize in the area above it after a brief decline. The bulls continued to be suppressed, and the price stopped all the way to around 7000 before being stopped. The insufficient rebound has been suppressed for many upward tests, and the price has been kept above $7,000, leaving...
4 hours of the negative line was lowered again and touched the middle track of the Bollinger Band. The MACD is running near the 0 axis. The KDJ is in the middle of the bonding operation, and there is a tendency to continue to step back. From the short-term 1 hour line, there is strong support near the early lows of $9,280. However, this support is relatively weak,...
The trend of 1 hour is as follows: At present, the downward channel is still consolidating. The upper 9350 trend is suppressed, and the trend supports 8900. Therefore, the range will continue to be arbitrage during the day. Suggestions: 1,$9300-9400 short, target $9100-$8900. stop-loss $9450. 2,$8920 long, target $9000-$9100 stop loss 8800.
Welcome to Bexplus! Subscribe us for the latest analysis of cryotocurrency. Effected by negative factor of hearing of LIBRA, BTC has dropped below $10,000 key point. At present, as panic of the market has not been completely released, the deep pulling back status from last week may sustain. Once breaking below, price will supported by the region of $7600-8700...
As BTC pulling back into status of ascending triangle, market sentiment have reversed into pessimistic. Many traders began to short BTC with panic after losing their position. However looking back to bullish trends of 2015-2017, we can find an obvious feature that if K line retrace upon MA120, it would rebound rapidly with rising volume. As we haven’t seen any...
After a K (shaped) line with huge dumping volume, ETH price was under strong pressure of region at $300-266. Although BTC has drived the market with strong mood of bullish run. ETH still acting in a weak wave, and trading volume is dropping down in ascending triangle area. So it will maintain a status of congestion with high probability. If BTC pullback price with...
After favorable factors of annual EOS meeting, EOS price has been entering a state of middle correction, although its' price trend is still keeping up with ETH, but price volatility is getting lower and lower, and trading volume is dropping down rapidly. Presently, k-chart for 4 hours is entering an end of ascending triangle area, it may expect to keep oscillating...
LTC’s block reward halving in August, signaling the increasing demand and potentially being a catalyst to drive prices higher. Since October 2018, Litecoin price has rapidly rebounded from bottom area and completed its 3rd wave climbing up. At present, it is still under the correction in the 3rd wave, and shows a sign of impulsiveness to surge to the 4th wave. In...