Hot Topics

Advertisement

Advertisement

Ethereum Classic (ETC) May Decline Further But Future Prospects Are Bright

Ethereum Classic (ETC) is handing by a thread as price trades lightly above the 50 day moving average. This is the only thing between ETC/USD holding its ground and crashing hard to a new low in 2019. So long as Bitcoin (BTC) continues to stall a move to the downside, Ethereum Classic (ETC) is expected to do the same. In fact, if we see consolidation in the next few days, the price might actually take off towards $5 once again but any move to the upside will most likely be short lived and will be followed by a more aggressive...

Read More

Why Bitcoin (BTC) Has Not Bottomed Yet

Professional traders believe Bitcoin (BTC) has yet to find its true bottom but retail investors have a hard time getting their head around why the recent rally could not in fact be a precursor to a trend reversal ahead. While some have termed the recent rally as a dead cat bounce, we believe it is a bit more than that. The price might take its time to stabilize and will then have one final move to the upside before it comes falling down to a new low most likely in Q2 of 2019. There are a lot of indicators that...

Read More

Ethereum Classic (ETC) Nosedives After Running Into Trend Line Resistance

Ethereum Classic (ETC) has nosedived after running into a strong trend line resistance. The price is now expected to fall down to the 50 day moving average if not lower. We might see some consolidation short term before a possible move to the upside. That being said, this whole setup is increasingly appearing to be more bearish than ever. If the price ends up falling below the 21 day exponential moving average, it will have a hard time going up. We believe that the price is likely to remain above the 50 day moving average for now and continue to...

Read More

Bitcoin (BTC) Loses Bullish Momentum, Price Eyes A Decline Towards 50 Day MA

Bitcoin (BTC) made its third attempt to breakout today and failed miserably as shown by the daily chart for BTC/USD. This rejection was a lot stronger than the one that preceded it. However, the way the price faced rejection when it tested the trend line resistance a few days back was enough to conclude that this rally did not have the momentum to continue before a retracement. We still believe that BTC/USD might make one last move to the upside before the imminent correction that would see the price fall to a new low in 2019. Bitmex CEO, Arthur Hayes...

Read More

Ripple (XRP) Breaks Trend Line Support, Very Likely To Form A Death Cross

Ripple (XRP) is about to do something that the rest of the market might take a while to do. That something is the formation of a devastating death cross that could see it decline to new lows in 2019. All hopes of a bullish reversal were shattered when Ripple (XRP) formed a gravestone doji a few days back which led to a sharp decline below the 50 day moving average as shown by the daily chart for XRP/BTC. Ripple (XRP) is at a higher risk of forming a death cross compared to most cryptocurrencies as the 200 day and 50...

Read More