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Bitcoin (BTC) Bulls, Bears, Whales, And The Final Standoff

Bitcoin (BTC) just broke out of a giant falling wedge and has now started a bullish recovery. However, it has been rejected strongly at the 21 Day EMA and so far it does not seem to have the strength to break past it anytime soon. That being said, the sudden breakout yesterday took most bears by surprise. The rising bearish momentum is lost and the bears are looking to pull their money off the table and make a run for it. The whales on the other hand are not ready to let BTC/USD break past critical resistances without spilling some...

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Bitcoin (BTC) Bulls, Bears, Whales, And The Final Standoff

Bitcoin (BTC) just broke out of a giant falling wedge and has now started a bullish recovery. However, it has been rejected strongly at the 21 Day EMA and so far it does not seem to have the strength to break past it anytime soon. That being said, the sudden breakout yesterday took most bears by surprise. The rising bearish momentum is lost and the bears are looking to pull their money off the table and make a run for it. The whales on the other hand are not ready to let BTC/USD break past critical resistances without spilling some blood....

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Ethereum Classic (ETC)'s Prospects Better Than Ever With Powerful Backers

Ethereum Classic (ETC) once considered a dead coin is now backed by the most powerful people and companies in the industry. How did that happen? Well, Ethereum Classic (ETC) proved that it can not only survive an orchestrated campaign to wipe it out of the market, but it can also thrive under hostile conditions. After the Ethereum (ETH) fork, Ethereum Classic (ETC), the original chain was left to die. Developers, miners, funds and community support shifted from the old chain (ETC) to the forked chain (ETH). On top of that, the people backing Ethereum (ETH) had now two coins, ETH...

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Ripple (XRP) Needs To Break Past 21 Day EMA To Stage A Successful Breakout

Ripple (XRP) is struggling to break past the 21 Day EMA. If it fails to break past that level, XRP/BTC will have to fall back towards the bottom of the wedge in order to gain enough bullish momentum for a breakout. The 200 Day Moving Average is also a solid support level that will be hard to breach should Ripple (XRP) fall against Bitcoin (BTC) in the days ahead. RSI for XRP/BTC certainly has ample room for a pullback but the current price action for XRP/BTC does not indicate that Ripple (XRP) is ready for a correction yet. During the...

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Bitcoin Begins A New Week In Green, Swift Recovery In The Weeks Ahead

Bitcoin (BTC) has finally begun a new week green after a long time. Most cryptocurrency investors and enthusiasts had already made their peace with red Mondays the past few months. However, that trend now seems to have changed as EUR/USD's new outlook points to a trend reversal in the weeks ahead. The big correction is now finally over. If we look at the daily chart for EUR/USD, we can see that EUR/USD entered a major correction around June 2018. That is when Bitcoin (BTC)'s correction took another turn and resulted in an extended correction that took six more months to...

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