Cryptocurrencies / Page 28

Technical Analysis – BTCUSD escapes two-month lows; looks positive to neutral in short-term

Posted on October 16, 2018 at 8:39 am GMT

After a deep fall towards the two-month low of 6029.42 last Thursday, BTCUSD managed to show a recovery only on Monday, posting a spectacular rally to climb as high as 6717, the highest since September 28. The market could see further improvement as the RSI fluctuates in bullish territory above 50 and the MACD strengthens to the upside and above its red signal line, though consolidation cannot be ruled out as the former holds around its 50 neutral mark and the latter stands around [..]

Technical Analysis – ETHUSD loses momentum day by day; holds within moving averages

Posted on October 10, 2018 at 2:22 pm GMT

ETHUSD has lost its negative momentum as it weakens over the last couple of weeks, remaining above the 165.00 support and below the 249.80 resistance. Technically, the RSI indicator is moving sideways in the negative territory, while the MACD oscillator is flattening above the trigger line but stands below the zero line in the daily timeframe. Also, the price holds within the 20- and 40-simple moving averages (SMAs). In case of a jump above the moving averages, this would open the way towards the 249.80 [..]

Technical Analysis – Bitcoin flattens after bouncing off 1-week lows; range-trading may continue

Posted on October 5, 2018 at 8:33 am GMT

BTCUSD has somewhat flattened after its rebound off the one-week low of 6,363 reached on Wednesday, with the MACD and the RSI hinting that consolidation might continue in the short-term as the former holds tight around zero and its red signal line, while the latter hovers just above its 50 neutral level. If the market manages to turn higher, the price may find immediate resistance around 6,564 as it did in the past few sessions. Above that mark, the price could increase until it [..]

Technical Analysis – ETHUSD ready to penetrate falling trend line, or not yet?

Posted on September 28, 2018 at 12:40 pm GMT

ETHUSD is coming close to penetrating to the upside the long-term descending trend line, taken from the peak on January 29. As long as the downward sloping line remains intact, the market would stay cautiously bearish for the short run. Technically, the RSI indicator is pointing slightly to the downside in the negative territory, while the MACD oscillator is flattening above the trigger line but stands below the zero line in the daily timeframe. Also, the price holds near the 20-simple moving average (SMA) and [..]

Bitcoin treads water near key support, little to suggest imminent rebound – Cryptocurrency News

Posted on September 20, 2018 at 3:16 pm GMT

Bitcoin – alongside most digital coins – has had a tough month in September so far, weighed down by pessimism that institutional money will probably take longer than previously thought to enter the crypto market, among other factors. With a Bitcoin-linked ETF now also looking unlikely to be approved by US regulators anytime soon, the negative sentiment currently surrounding the crypto space may well linger for a while longer. That said, a clear break below $5,780 in Bitcoin is needed [..]

Technical Analysis – BTCUSD holds in descending triangle in medium-term

Posted on September 18, 2018 at 2:37 pm GMT

BTCUSD has been trading within a descending triangle pattern over the last seven months, with a strong support obstacle being the 5780 barrier. Moreover, the price started an aggressive bearish structure after the pullback from the all-time high of 19384 reached in December 2017 That said, technical oscillators paint a somewhat neutral picture currently. In the short-term, the RSI indicator is sloping slightly to the upside near the neutral threshold of 50, while the MACD oscillator is flattening around its trigger and zero lines, indicating that the pattern may stay in [..]

Cryptocurrency News – A brave new world

Posted on June 18, 2018 at 1:08 pm GMT

“All money is a matter of belief” is a phrase attributed to Adam Smith, the father of modern economics. Whether Smith really said it or not, the meaning behind the quote remains as relevant as ever today, in an age where the very definition of money is rapidly evolving. The introduction of digital currencies in recent years has reignited the age-old debate of what constitutes money, and whether these cryptocurrencies are the future or simply another failed experiment. In terms [..]

Cryptocurrency News – Behind Bitcoin’s turbulent ride

Posted on January 29, 2018 at 3:39 pm GMT

It is safe to say that Bitcoin prices have had a rough month. After peaking near $19,600 on December 18, the cryptocurrency collapsed to find a bottom at $9,222, before rebounding somewhat in recent days, currently trading near the $11,100 mark. What caused the plunge, and what could drive prices moving forward? The slump in prices can be traced back to a few recent incidents that impacted the sentiment towards the entire cryptocurrency market. The initial catalyst, back in December, [..]

Cryptocurrency News – Bitcoin corrects lower after flirting with $20,000

Posted on December 20, 2017 at 12:50 pm GMT

Bitcoin (BTC) prices opened with a positive gap this week, breaking yet another fresh all time-high to touch the $19,666 level, before pulling back in the following hours. The surge came as the world’s biggest futures exchange, the Chicago Mercantile Exchange (CME), launched its own bitcoin futures contracts on Sunday. The CME is the second exchange to offer bitcoin futures, after the Cboe exchange debuted the very first BTC futures contract last week. It is worth noting that both the [..]

Cryptocurrency News – Technical Analysis – ETHUSD bullish bias continues after a red day

Posted on December 20, 2017 at 12:35 pm GMT

ETHUSD recorded a negative day following the reversal from the all-time high 859.19 level. The price plunged more than 12% in just one trading day and during the Asian session, the pair hit the 706.00 support barrier. Also, the price dropped below the 261.8% Fibonacci extension level of the last downward move with high at 514.07 and low at 383.70. However, the cryptocurrency started today with positive momentum and the expectation is a run above the previous all-time high, towards the 423.6% Fibonacci level, which stands near [..]

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