Category: Analysis

Litecoin Price Technical Analysis Simply No Action. Newsbtc Litecoin News.

Litecoin Price Technical Analysis for 6/8/2015 – Simply No Action No Comments

Litecoin is currently trading at $4.280, down 0.88 percent as Bitcoin slides. The cryptocurrency is testing the patience of the trading community as it trades in a tight range for the fifth straight day. With most of the technical indicators remaining relatively unchanged, it is becoming incredibly tough to a call a direction. However, we know that Bitcoin as a leading trading instrument will p...


Canadian Senator Cautions on Bitcoin

Bitcoin Price Technical Analysis for 6/8/2015 – Breakdown Coming? 1 Comment

In my previous analysis titled Follow This!, I advised that market participants create short positions by placing a stop-loss just above the downward sloping resistance level for a target of $280. Since yesterday’s $285.63, Bitcoin has plunged nearly 2 percent to an intraday low of $279.46 and is now trading at $281.01. Now that the price has descended to the support level, will it rebound or...


Bitcoin Price Choppy Here’s Our Bias

Bitcoin Price Choppy; Stop Loss Hit No Comments

First off, lets say that today's session did not go to plan. In this morning's article, we highlighted what we were looking at as far as key levels was concerned, and suggested how would get into the markets according to these levels. We put in term support at 281.55, and in term resistance at 285.86. At time of publication, both these levels represented the daily low and daily highs respectively....


Bitcoin Price Breaks; 285 Now Key No Comments

In yesterday's twice-daily bitcoin price watch piece, we pointed out 285.86 has presented us with long-term resistance, and that it was proving to be a very difficult price to reach or break above as far as getting in according to a bullish bias was concerned. Once again, overnight on Tuesday, we reached this level and quickly reversed to correct to the downside. With this said, what are the level...


Dogecoin Price Technical Analysis – Resistance is Now Support

Dash Price Technical Analysis – Triple Top and Trend Line Support No Comments

Key Highlights Dash price forming an interesting pattern, which is a contradicting and divergence signal. There is a Triple top pattern is formed, which is a bearish sign. At the same time, there is a bullish trend line formed (as highlighted in yesterday’s post), which is acting as a major barrier for sellers. Dash price is heading towards a major break, as there are several breakout...


dogecoin resistance_newsbtc

Dogecoin Price Technical Analysis – 100 MA as Resistance No Comments

Key Highlights Dogecoin price continued to trade in a range and forming a nasty consolidation pattern. There is a bearish trend line formed on the hourly chart, as highlighted yesterday which is likely to play a major role moving ahead. 100 hourly simple moving average is acting as a short-term resistance as buyers struggling near it. Dogecoin price failure to catch a trend is not a pos...


Litecoin Price Technical Analysis

Litecoin Price Technical Analysis for 5/8/2015 – Muted Gains No Comments

Litecoin has posted muted gains of 1.12%, in line with Bitcoin. It is currently trading at $4.318. In my previous technical analysis titled Dead Cat Bounce, I mentioned that Litecoin should face resistance near $4.500. The cryptocurrency did reach $4.440 before retreating. Apart from this, the technical indications are highly mixed. Image: https://www.tradingview.com/x/MVMo16ht/ Li...


Canadian Senator Cautions on Bitcoin

Bitcoin Price Technical Analysis for 5/8/2015 – Follow This! No Comments

Bitcoin has approached the resistance of the descending triangle after extending its mini relief rally. Bitcoin is trading at $285.63, up $1.72 or 0.60 percent. This increase in price gives the short-sellers an extremely low-risk trading opportunity. However, the technical signals aren’t conveying anything decisively. Image: https://www.tradingview.com/x/GdWb2lsG/ Take a look at the...


bitcoin price breakout

Bitcoin Price Trends Upwards; Breakout Tonight? No Comments

In this morning's bitcoin price watch piece, we highlighted the levels that we would be keeping an eye on throughout Tuesday's European session, and suggested where we would look to get in and out of the market according to our intraday breakout strategy. Action has now matured throughout the day, and we have seen some pretty interesting movement likely driven by fundamental factors. So, with this...


Can Dash Price Break Higher

Dash Price Technical Analysis – More Gains Ahead? No Comments

Dash Price Key Highlights Dash price failed to move lower, and found support around a critical trend line as highlighted in yesterday’s analysis. The Double top pattern is still valid, as the price is below the resistance area. If there is a break above 0.0130BTC, then more gains are possible in the near term. Dash price acquiring bids around the bullish trend line is a positive sign ...


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