Key Points Bitcoin gold price formed a low at $143.92 and started a recovery against the US Dollar. There is a key bearish trend line forming with resistance at $240 on the 4-hours chart of BTG/USD (data feed from Bitfinex). The pair has to break the $240 resistance and the 100 simple moving average (4-hours) … Continue reading Bitcoin Gold Price Weekly Analysis – BTG/USD Facing 100 SMA
Key Points Bitcoin price formed a major bottom at the $9096 low and recovered well against the US Dollar. The BTC/USD pair is currently attempting to settle above two bearish trend lines with resistance at $12,250 on the 4-hours chart (data feed from SimpleFX). The price must settle above the $12800 level to gain upside … Continue reading Bitcoin Price Weekly Analysis – Can BTC/USD Capitalize Further?
Key Highlights ETH price is trading nicely above the $1000 level and is moving positively against the US Dollar. There is a monster bearish trend line acting as a resistance at $1150 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair has to settle above $1150 and the 100 simple moving average … Continue reading Ethereum Price Weekly Analysis – Can ETH/USD Overcome This?
Key Points Bitcoin cash price started an upside correction from the $1340 swing low against the US Dollar. There was a break above a major bearish trend line with resistance at $1800 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair is now facing a couple of important resistance levels such as … Continue reading Bitcoin Cash Price Weekly Analysis – BCH/USD Facing Uphill Task
Highlights: Price analysis for BTC, BCH, ETH, LTC and ETC for January 20 BTC/USD Resistance: $12,400, support: $8,900 Comments: Overall, BTC remains bearish though price breaks above the 50% retracement level of the last major decline from $14,356 to $9,231.1, if price keeps moving up, however, it may reach to $12,40, close to the 61.8% … Continue reading 1-20 Price Analysis – Do not sell on dips and buy on surges
Of all the cryptocurrencies, NEO remains resilient and seem to rebuff all attempts for lower lows. We cannot say the same of NEM, IOTA or even LTC because as it is, the candlestick pattern looks like a minor bear break out and resumption of sell pressure. On the other hand, if Lumens continue stalling below … Continue reading NEO IS RESILIENT AS IT REBUFF SELL PRESSURE
We are closing in on the end of session on Friday it’s time to take the last of our looks for the week what has happened in the bitcoin price today and where we expect things to go as we move forward into the weekend and beyond. Action, as expected, has been pretty volatile today, … Continue reading Bitcoin Price Watch; Tonight’s Key Levels
DASH/USD DASH continues to try to rebound after the bloodbath in the crypto currency space, but all low-volume like we have seen a lot of the currencies. Currently, the $900 level is the next resistance barrier to overcome, but until we get a strong push in volume, I’m not necessarily convinced. I suspect we will … Continue reading DASH and Litecoin Analysis January 22, 2018
ETH/USD Ethereum has rallied slightly during the trading session on Friday, but quite frankly we still have a major problem with volume. $1100 looks likely to offer resistance, and we will probably roll over to consolidate some more. The next move that has significant volume will lead the way going forward. With lack of bullish … Continue reading Ethereum Analysis January 22, 2018
BTC/USD Bitcoin markets rallied a bit during the day on Friday, but continue to find resistance at the $12,000 level. The stochastic oscillator is in the overbought area, and looks likely to cross soon. There is very little in the way of volume, so I suspect that the market is going to continue to favor … Continue reading Bitcoin Analysis January 22, 2018