Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) More Likely To Plunge Below $3,000 Than To Form Golden Cross

Bitcoin (BTC) is more likely to crash hard below $3,000 than to form a golden cross that many expect it to. Throughout the course of this bear trend, we have seen orchestrated attempts to misguide the masses so they are forced to walk into the trap. When BTC/USD started to decline from its all-time high, the masses were made to believe that this was just a normal pullback and that Bitcoin (BTC) is still going to $50,000 long term. Similarly, when the price started to rise in February, 2018, FOMO was injected back into the market which trapped a lot...

Read More

Sally Ho's Technical Analysis 12th March 2019

BTC/USD (Bitcoin/ US dollar) Bearish technicians extended their dominance with the pair Given just above the 3858.91 level, representing the 38.2% retracement of the 4188.79 (22 Feb) – 3655.00 (27 Feb) range. BTC retreated to 3796.71 through early in the European session with 3771.00 (8 Mar) technical Support possibly to be tested. Intraday Support emerged around 3796.61, less than $5.00 below technical Support around 3801.17, representing the 50% retracement of the appreciation from 3655.00 (27 Feb) to 3947.33 (9 Mar). Technical Support is expected around 3763.33/ 3684.13/ 3620.14 with Stops expected below. Technical Resistance is expected around 3977.30/ 3987.97/ 3997.63/...

Read More

Does JPM Coin (JPM) Pose A Serious Threat To Ripple (XRP)?

Ripple (XRP) is still on the verge of a massive breakout that has yet to come to fruition. The daily chart for XRP/USD shows that the price has reached the extreme end of the symmetrical triangle it is trading in and is now out of room for further sideways movement. It either has to come down or go up but it will have to break out of the symmetrical triangle. That being said, the price has been holding strongly above the 50 day moving average and it is unlikely that it will fall below this level. In fact, we might...

Read More

Will Investors Forget About Litecoin (LTC) After The Halvening FOMO?

Litecoin (LTC) has gone through a lot in the past few days. The price has struggled to climb past the ascending channel but it has failed. It was expected that LTC/USD would face a strong rejection at the trend line resistance because it had rallied quite aggressively the days leading to that. That being said, the possibility of a golden cross still remains there and the price might be able to shoot up past the ascending channel just yet. However, the real question that needs to be asked is whether all of this interest in Litecoin (LTC) is because of...

Read More

Bitcoin (BTC) Has Once Again Delayed Its Final Correction To The Downside

Bitcoin (BTC) has once again delayed its correction to the downside. If BTC/USD had closed the week above the $4,000 mark, we would have already seen this week begin with a strong move to the downside. However, that did not happen and now we will see another week of sideways movement with a potential spike to the upside on the weekend. If we look at the daily chart for BTC/USD, we can see that the bullish gartley pattern on the daily chart has to come to fruition like it did between December, 2018 and February, 2019. For that to happen,...

Read More