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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. дальше »

2019-3-9 02:08


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »

2019-3-1 03:44


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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place. дальше »

2019-2-15 00:21


Bitcoin Price Analysis: BTC Trading Within Short-Term Trading Range — Can the Bulls Push the Market Above the $3,569 Handle?

The CBOE has re-submitted a joint-rule change proposal with VanEck and SolidX. JP Morgan analysts predict that BTC will… The post Bitcoin Price Analysis: BTC Trading Within Short-Term Trading Range — Can the Bulls Push the Market Above the $3,569 Handle? appeared first on Invest In Blockchain. дальше »

2019-2-4 10:23


Ethereum Price Analysis: ETH/USD Forming Acute Symmetrical Triangle During Consolidation — Can the Bulls Push Price Action Higher?

Support for ETH moving forward: $115, $110.46, $102.55, $101.27, $95, $93. Resistance for ETH moving forward: $124.91, $134.67, $146.74,… The post Ethereum Price Analysis: ETH/USD Forming Acute Symmetrical Triangle During Consolidation — Can the Bulls Push Price Action Higher? appeared first on Invest In Blockchain. дальше »

2019-1-25 11:42


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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation. дальше »

2019-1-4 02:22


Ethereum Price Analysis: ETH Might Soon Be Heading for a Quick Rebound

Supply levels: $140, $166, $190 Demand levels: $126, $106, $88 ETH/USD Medium-term Trend: Bearish On the 4-Hour chart, ETH is on the bearish trend. Ethereum broke out of the consolidation phase yesterday as the Bulls lost the pressure to push up the price and the bears gained momentum and pull the price down to the […] The post Ethereum Price Analysis: ETH Might Soon Be Heading for a Quick Rebound appeared first on ZyCrypto. дальше »

2018-11-21 20:37