I think the support level that price is currently sitting at is too strong to be broke, price is also at a trend line it has been using as resistance for a while, with these 2 factors I can see price breaking the trend line and moving up to our TP zone ( green box ) this is providing we can break recent daily highs.
We ae long on XRP but we will be keeping a...
Market trends and cycles are a direct function of human psychology and the varied emotions during each phase. Bitcoin has been following the classical market cycle since its inception and there is no reason it won't follow it in the future.
Charles Dow was the first to make thorough effort to express the general trend of markets. Enjoy the analysis!
BTCUSD looks to be bottoming @ 200 Weekly MA.
Expect some sideways action range bound between 200 MA (lower limit) and 200 EMA (upper limit).
Note - volatility adjusted moving average shows strong resistance with 200 EMA in $4100-4200 region, expect large breakout above these prices.
Break below 200 MA is certainly on the table still.
This view will change if we...
Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the...
If we see price halt in the current area and move sideways, we can possible see a move back to the downside. Price is currently moving up with lower volume which is a key indication of exhaustion. The next 2-3 days will be crucial, which will indicate the next direction for BTC.
long bear move of xlm is over and with the recent bull run of btc, xlm also broke its falling wedge... so i guess xlm bull run is gonna be pretty strong and in less than 2 weeks i believe its gonna hit 50% gain...
XRPUSD | W1 | BULLISH
The market is currently at an important key level,
Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money.
At the same time this is a very simple...
Bitcoin is gearing up for another big push to the upside.
A clear descending wedge, Stoch RSI cross looking bullish, and coming to the bottom of this range.
At the moment, these are the ranges I see for Bitcoin. The pivot points seen on the left hand side of the supports and resistances. Selling R1 and R2 and buying S1 and S2 is a good strategy.