30-05-2017
06:02 am
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Category: Analysis

BTC/USD and BTC/JPY Technical Analysis May 29, 2017 No Comments

Hello and welcome to News BTC’s Market Outlook May 29. BTC/USD Bitcoin rallied against the US dollar again during Friday trading, as we continue to reach towards the $2700 level again. Short-term pullbacks continue to be buying opportunities as we have seen a massive amount of bullish pressure. Ultimately, this market is a bit overbought so expect at the very least consolidation, if no...


Ethereum Price Technical Analysis ETH USD

Ethereum Price Technical Analysis – ETH/USD Holding Key Support No Comments

Key Highlights There was a recovery initiated in ETH price above $125 against the US Dollar, which is a positive sign. There is a bearish trend line with resistance at $164 formed on the hourly chart (ETH/USD, data feed via SimpleFX). On the downside, there is a key support formed around the $138-140 levels. Ethereum price recovered well against the US Dollar and Bitcoin, and now ETH...


Bitcoin Price Technical Analysis for 05/29/2017 – Major Correction Still in Play No Comments

Bitcoin Price Key Highlights Bitcoin price is still in correction mode from its strong rally in the previous week. Price is now testing the ascending trend line connecting the lows since the start of the month. This support zone also lines up with several inflection points and might be the line in the sand for this uptrend. Bitcoin price is currently testing an area of interest on it...


Creditbit Price Technical Analysis

Creditbit Price Technical Analysis – CRBIT/BTC Starts Recovery No Comments

Key Highlights Creditbit price after a decline towards the 0.00022BTC against the Bitcoin found support and started a recovery. There was a break above a bearish trend line at 0.00027BTC on the 7-day chart of CRBIT/BTC (data feed from Coinmarketcap). On the upside, we need a break above the 0.00035BTC resistance for further gains in the near term. Creditbit price managed to gain bids...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Holding Crucial Supports No Comments

Key Points Bitcoin price corrected sharply after trading towards $2650 against the US Dollar, but remains supported on the downside. The last week’s highlighted important bullish trend lines with support at $1940 and $1800 on the 4-hours chart of BTC/USD (data feed from SimpleFX) are holding well. As long as the price is above these trend lines and $1800, it is likely to move back abo...


Ethereum Price Weekly Analysis ETH USD

Ethereum Price Weekly Analysis – ETH/USD Uptrend Remains Intact No Comments

Key Highlights ETH price fell sharply yesterday and moved down from $203 to $100 against the US Dollar. During the downside move, the ETH/USD pair broke a major bullish trend line with support at $164 on the 4-hours chart (data feed via SimpleFX). The pair recovered sharply after testing the $100 handle, which is an important support. Ethereum price corrected in a scary fashion again...


Bitcoin Price Watch; Closing Out The Week On A High No Comments

So that's it, another week complete in our bitcoin price trading efforts. As we said this morning, it has been a pretty busy week. Action hasn't really slowed down all week, be it to the upside or the downside, and of course, we have seen an aggregate appreciation in the value of bitcoin for some considerable long-term holding gains. Against a backdrop of this overarching appreciation, however, we...


Bitcoin Price Watch; Adapting To The Correction No Comments

It is time to get things moving for the final day of the week in our bitcoin price trading efforts and what a week it has been. Across the period, we've seen a sharp and dramatic run to the upside followed by an equally sharp, but slightly less dramatic, correction. We did say on the number of occasions yesterday that we were expecting a correction near term. When an asset runs to the upside to th...


DASH/USD and LTC/USD Technical Analysis May 26, 2017 No Comments

Hello and welcome to News BTC’s Market Outlook May 26. DASH/USD DASH continues to bullish overall, but had a negative session during the day on Thursday. Ultimately, we are in an uptrend but we are a little bit overbought currently. Looking for some type of support of bounce is probably the best way to go in this market. Short-term pullbacks should offer value the traders continue to t...


ETH/USD and ETH/BTC Technical Analysis May 26, 2017 No Comments

Hello and welcome to News BTC’s Market Outlook May 26. ETH/USD Ethereum continues to skyrocket against the US dollar, breaking the $200 level. However, although this is a very bullish sign if you are not already long of this market, you are best served to wait for some type of pull back. This is because when we do get a pullback, it will be brutal as parabolic markets tend selloff rath...


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