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Ethereum (ETH) Bulls Expect Further Upside Despite Looming Dangers

Ethereum (ETH) just made a similar pump to the one it made when it tested $200 recently. This pump on ETH/USD was on a shorter time frame but it was everything like the last pump. It was a carbon copy of the exact same fractal from before but on a smaller scale. This is what I mean when I talk about manipulation in the market. There is manipulation to certain extent in other markets. Even banks and large financial institutions use bots and algorithms to influence the price for better entry and exit points. However, it does not happen this...

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Bitcoin Is Close To Making A Decision

In our last analysis on Bitcoin (BTC), we discussed three things. We talked about how the price did not have enough room to rally, how a manipulated pump could happen again and how the price keeps breaking one descending triangle after another as it practically trades sideways. We saw the pump yesterday but considering that BTC/USD does not have much room to rally, that pump was on a shorter time frame although it was the exact replica of the pump prior to that which saw the price shoot towards $10,541. There are a large number of traders still expecting a...

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EUR/USD Double Top Hints At Potential Trend Reversal In Bitcoin (BTC)

EUR/USD just formed a double top which is a sign of weakness in the forex pair that has a strong impact on the price of Bitcoin (BTC). The pair could decline to the 100 EMA next to find temporary support as it did just before but it is expected to decline much lower now that it has topped out. This pair has been seen to strongly impact the price of Bitcoin (BTC) because a rise or fall in this pair has a strong impact on the strength of dollar which in turn affects the price of Bitcoin (BTC) in dollar...

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USDCNY to Multi Month Lows on Improving Trade Spat

EUR/USD continued to press lower and tested the 1.1112 level after running out of steam around the 1.1175 area during yesterday’s trading activity.  Traders have been unable to breach the 1.1185 area this month, a level that represents the 61.8% retracement of the 1.0339 – 1.2555 range. Over the past couple of weeks, the pair has not traded far below the 1.1082 area, representing the 38.2% retracement of the 1.1412 – 1.0879 range.  If that level breaks, traders will pay attention to the 1.1064 area, representing the 38.2% retracement of the 1.0879 – 1.1179 range. Eurozone October PMI data will...

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5 November 2019 BTC-USD 15 minutes

BTC/USDBitcoin/ United States dollar15 minutes In this 15-minute chart, we can see that price activity depreciated and tested the 9363.50 area (blue arrow), a level that represents the 50% retracement of the intraday appreciation from 9127.00 to 9600.00.   Price activity then appreciated to the 9439.31 area (red arrow), a level that represents the 38.2% retracement of the same range, and then appreciated further to test the 9474.52 area (red arrow), a level that represents the 23.6% retracement of the appreciation from 9068.30 to 9600.00. Stay ahead of the market with CryptoDaily's charts. Visit https://charts.cryptodaily.net to get started today.

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