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Cryptocurrencies

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Technical Analysis – BTCUSD tumbles to 1-year low; posts strong losses

Posted on November 19, 2018 at 2:32 pm GMT

BTCUSD formed a fresh one-year trough today and is set to complete the eighth negative day in a row. The RSI and the MACD have both weakened, with the former dropping even lower in the oversold zone and the latter easing below its red signal line. Downside risks persist as both indicators continue to fluctuate in bearish territory; the RSI below 30 and the MACD below zero. Should the market extend losses, support could be met around the 4910 region, taken from the lows on [..]

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Technical Analysis – BTCUSD tests key support at 6,073; bearish but oversold

Posted on November 14, 2018 at 3:53 pm GMT

BTCUSD is trading in a clear downtrend on the four-hour chart, printing lower highs and lower lows below the November 7 peak of 6,511, the highest mark registered since October 15. The MACD keeps increasing downside momentum in negative zone and below its red signal line, flagging further weakness ahead, though the RSI suggests that the bearish rally could soon come to an end as the market has already breached the 30 mark to enter the oversold territory. A rebound in the price may find [..]

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Technical Analysis – ETHUSD loses momentum again below moving averages

Posted on November 12, 2018 at 2:04 pm GMT

ETHUSD is losing momentum over the last couple of days after the bounce off the upper Bollinger Band at 220. The price declined below the 20- and 40-simple moving averages in the 4-hour chart, while from the technical point of view the indicators are standing near their neutral levels. The RSI indicator is moving near the threshold of 50, while the MACD is weakening close to zero line. In case of a jump above the moving averages, this would open the way towards [..]

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Technical Analysis – BTCUSD in weak momentum in short-term; descending triangle still holds

Posted on October 26, 2018 at 12:35 pm GMT

BTCUSD is moving sideways with weak momentum in a descending triangle pattern over the last eight months with a strong support obstacle being the 5780 barrier. The price found significant resistances on the 20- and 40-simple moving averages (SMAs) in the daily timeframe, over the last couple of weeks and has failed to create a rally above them. In the short-term, the RSI indicator is moving slightly below the neutral threshold of 50 with weak movement, while the MACD oscillator is flattening around its trigger and [..]

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Bitcoin bounces on signs of institutional interest, but remains rangebound – Cryptocurrency News

Posted on October 17, 2018 at 2:58 pm GMT

Bitcoin staged a modest recovery earlier this week, aided by news that asset management giant Fidelity will be entering the crypto arena soon to buy, sell, and store prominent digital coins for its institutional clients. Despite the rebound though, the world’s largest cryptocurrency remains confined in a relatively narrow range, and may require signs of more widespread adoption by investors before breaking above it. The previous week concluded with Bitcoin falling towards the lower bound of the sideways range it [..]

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Technical Analysis – BTCUSD escapes two-month lows; looks positive to neutral in short-term

Posted on October 16, 2018 at 8:39 am GMT

After a deep fall towards the two-month low of 6029.42 last Thursday, BTCUSD managed to show a recovery only on Monday, posting a spectacular rally to climb as high as 6717, the highest since September 28. The market could see further improvement as the RSI fluctuates in bullish territory above 50 and the MACD strengthens to the upside and above its red signal line, though consolidation cannot be ruled out as the former holds around its 50 neutral mark and the latter stands around [..]

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Technical Analysis – ETHUSD loses momentum day by day; holds within moving averages

Posted on October 10, 2018 at 2:22 pm GMT

ETHUSD has lost its negative momentum as it weakens over the last couple of weeks, remaining above the 165.00 support and below the 249.80 resistance. Technically, the RSI indicator is moving sideways in the negative territory, while the MACD oscillator is flattening above the trigger line but stands below the zero line in the daily timeframe. Also, the price holds within the 20- and 40-simple moving averages (SMAs). In case of a jump above the moving averages, this would open the way towards the 249.80 [..]

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Technical Analysis – Bitcoin flattens after bouncing off 1-week lows; range-trading may continue

Posted on October 5, 2018 at 8:33 am GMT

BTCUSD has somewhat flattened after its rebound off the one-week low of 6,363 reached on Wednesday, with the MACD and the RSI hinting that consolidation might continue in the short-term as the former holds tight around zero and its red signal line, while the latter hovers just above its 50 neutral level. If the market manages to turn higher, the price may find immediate resistance around 6,564 as it did in the past few sessions. Above that mark, the price could increase until it [..]

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Technical Analysis – ETHUSD ready to penetrate falling trend line, or not yet?

Posted on September 28, 2018 at 12:40 pm GMT

ETHUSD is coming close to penetrating to the upside the long-term descending trend line, taken from the peak on January 29. As long as the downward sloping line remains intact, the market would stay cautiously bearish for the short run. Technically, the RSI indicator is pointing slightly to the downside in the negative territory, while the MACD oscillator is flattening above the trigger line but stands below the zero line in the daily timeframe. Also, the price holds near the 20-simple moving average (SMA) and [..]

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Bitcoin treads water near key support, little to suggest imminent rebound – Cryptocurrency News

Posted on September 20, 2018 at 3:16 pm GMT

Bitcoin – alongside most digital coins – has had a tough month in September so far, weighed down by pessimism that institutional money will probably take longer than previously thought to enter the crypto market, among other factors. With a Bitcoin-linked ETF now also looking unlikely to be approved by US regulators anytime soon, the negative sentiment currently surrounding the crypto space may well linger for a while longer. That said, a clear break below $5,780 in Bitcoin is needed [..]

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