Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) Likely To Retest Yearly Low This Week

Bitcoin (BTC) is currently trading sideways after a series of crashes and meltdowns that completely shattered the bullish resolve. The bears are still too confident and the bulls are nowhere to be seen. The price was in position for a swift recovery last week but the bulls missed their chance. Now, it appears that the bears will have the upper hand in deciding the short term future of Bitcoin (BTC). The above chart for BTC/USD shows the price trading in a descending channel. It is likely that the price will continue to trade in this channel till it retests the...

Read More

Bitcoin (BTC): Significance Of The Two Production Costs And Key Levels

The price of Bitcoin would seem to have fallen quite aggressively from its all time high. However, those who have been following the entire bear market for long would know that the price of Bitcoin (BTC) settled around some levels more than others. For BTC/USD this level used to be the $5800 to $6000 range. The price has tested this level multiple times and has traded close to it for the most part. There is a reason why this level became such a critical support before it was broken. In every market, certain levels become more important than others because...

Read More

Ripple (XRP): Fractal Similarities Point To Explosive Breakout In Early 2019

Ripple (XRP) is following the exact same fractal it formed back in 2017. The similarities were visible since the beginning of September but now the big picture is clear without any doubt. Ripple (XRP) has already completed the Oval and Circle phases of the fractal. It is about to enter the triangular phase that it is expected to break out of in early 2019 to possibly reach a new all time high. Considering that 2018 has been a heavy bear market and sentiment will take some time to recover, it would be very impressive for Ripple (XRP) to reach a...

Read More

Stellar (XLM) Averts Another Fall But Lacks A Clear Direction Short Term

Stellar Lumens (XLM) seems to have averted another fall for now as the technicals enter oversold territory. The price has now seen a bounce back above a trend line support as the bulls come to its rescue. However, it is still too early to declare victory. The RSI has found support temporarily but the price might be due for another drop yet. That being said, it is unlikely to break out of the pitchfork anytime soon. Even if XLM/USD remains above its current price, it is unlikely to rally aggressively till the beginning of next week. We have seen Stellar...

Read More

Ethereum (ETH) Risks A Retest Of Yearly Lows Amid Rising Bearish Momentum

Ethereum (ETH) is at a risk of retesting its previous yearly lows as the price action looks extremely weak. The bears are too confident whereas the bulls are completely demoralized when they should be pushing for a trend reversal after an extended correction. The RSI for ETH/USD seems to have formed a rudimentary version of a bullish gartley pattern which could be taken as a sign of temporary relief. However, the RSI could keep being oversold and the price may still fall. This is nothing new and as we have seen the past few weeks, the price can fall straight...

Read More