Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) Risks Pullback To $6,200 Before Any Decisive Moves

Bitcoin (BTC) has just faced rejection at a long term resistance. The price has now broken below the 5 Day EMA and looks likely to drop further. If today’s daily candle closes below the 5 Day EMA, we will see Bitcoin (BTC) retesting $6,200 again. If that level fails to hold, then we may even see the price drop further to $5,800. In any case, Bitcoin (BTC) will be expected to bounce off these levels with strength as it has in the past. BTC/USD tested $5,900 around mid August but bounced strongly off that level. After that, the price rallied...

Read More

Bitcoin Cash (BCH) Likely To Climb Above Descending Channel

Bitcoin (BTC) Cash as been trading in a strong descending channel since the beginning of the correction. After touching the top of this channel in late April, BCH/USD was expected to touch the bottom of this descending channel in the months ahead. However, the price settled atop a strong support around September. This support lies around $412 and has not been breached yet. The price of BCH/USD has touched this support three times since the beginning of September. Technical indicators point to the beginning of a new rally from current levels. However, Bitcoin Cash (BCH) will face a strong resistance...

Read More

Ethereum (ETH): Odds Of A Trend Reversal Have Never Been Better

Ethereum (ETH) is on the brink of a trend reversal. If we look at the candles on the ETH/USD weekly chart, the odds of a breakout do not appear very plausible. The 10 Week EMA is still quite far from the 21 Week EMA. The price is trading below the 5 Week EMA and has not been able to climb above it for the last 20 weeks. However, if we look at the technical indicators, we see something that we have not seen since the beginning of the correction. If we look at the blue and red lines on the...

Read More

Bitcoin (BTC) Resumes Uptrend, Strong Resistance Around $6,700

Bitcoin (BTC) has bounced off the bottom of a long term ascending channel. The price is expected to resume uptrend after the EMA crossover on the 4H BTC/USD chart. The 10 EMA just broke above the 21 EMA and the price is now clear to move towards the next resistance. The price will face short term resistance around $6,500 which is a strong resistance but not as strong as the next resistance of $6,700. The price of Bitcoin (BTC) has failed to breach this level since mid October. Historically, we have seen that this level has given Bitcoin (BTC) a...

Read More

Is Ripple (XRP) About To Crash Hard?

Ripple (XRP) is consolidating before a decisive big move expected in the near future. Recent history for XRP/USD shows that similar consolidation has seen the price plunge hard to lower levels. One might disagree that a consolidation could equally result in a bullish breakout instead of a bearish one. That might be true if we consider a sideways consolidation without taking the wicks into account. However, if we do take candle wicks into account, we cans see that the price has attempted to break out but it failed. If we compare both of these fractals, we will see that the...

Read More