Crypterium_Analytics

Crypterium_Analytics

Today we continue to talk about the experiment with rebalancing a portfolio from the Top-5 cryptocurrencies. The volume of the portfolio remained practically unchanged last week at about $44,000. But despite this, we carried out a rebalancing, during which we bought XRP, Crypterium, and Litecoin. Let’s see if this helped improve the health of our portfolio: Over...

Crypterium_Analytics

Today we continue to talk about our experiment with rebalancing a portfolio from the Top-5 cryptocurrencies For the previous three weeks in a row, our portfolio had been steadily declining and showing a clear downtrend. During this time, its value has decreased by 12.5%. Let’s see if we managed to break this trend over the past 7 days: As you can see from the...

Crypterium_Analytics

Do you know that Crypterium has burned more than 1 million CRPT tokens settling the first step in a series of extra burnings? Crypterium team collected 1,080,765 CRPT tokens that were successfully burned on July 11. The first step towards burning 30% of the total supply is made! At the same time, Crypterium confirms that the burning amount will be growing further...

Crypterium_Analytics

Ethereum broke through the resistance at $400 and headed up. In the coming days, we can test this level again, but this time as support. After that, the price will go to conquer annual highs. But first, we can see a slight consolidation around $440 - $450. This is facilitated by the high excitement and many rumors about the imminent launch of Ethereum 2.0. A few...

Crypterium_Analytics

The price increased to $13,200 and rolled back. At the same time, the lows are getting higher each time. All of this indicates the formation of an ascending triangle. The price may still go down to $12,850, after which, we will see an upward reversal. This zone perfectly matches the lower Bollinger band. Hence, from this range, we will see another round of...

Crypterium_Analytics

Bitcoin price is trapped in a rising wedge, the boundaries of which are alternately supporting and resistance levels. At the moment, the chart is near the lower border of the wedge, which is also the main resistance at the current moment. In the event of its breakdown, and the price-fixing below it, the chart will begin to descend straight to $9,100. It is...

Crypterium_Analytics

The local support level is now $10,600. This is where the fixing of the chart takes place for the last 6 days. In case of a breakdown of this zone, the price will almost immediately go to $10,200. In this area, an intense struggle between buyers and sellers is possible. The further Bitcoin price trend will depend on its outcome. At the moment, the most probable...

Crypterium_Analytics

We would like to point out a characteristic picture. During the last two major falls, we saw a strong splash of selling volumes. Many traders and investors sold Bitcoin and exited the position. During the current growth, we also see an increase in volumes, but it is significantly less than during the previous falls. At the same time, the current growth exceeded...

Crypterium_Analytics

Due to the fall of Bitcoin on September 21st, the price of ETH fell by 10%, from $380 to $340. As a result, the price chart went down from the ascending triangle. Yesterday, ETH consolidated near the $340 level, which suggests that the nearest support is currently there. Stochastic also dropped sharply and reached the overbought line. It follows from this and in...

Crypterium_Analytics

On the chart, we can see that the price almost reached the upper Bollinger band on September 20th. After that, we saw a fall to the middle line and as a result, the candlestick closed below it. This is a signal for a further fall. For this indicator, the drop should occur to $9,912. Stochastic turned down and left the overbought zone. However, its structure...

Crypterium_Analytics

Last week we gave a forecast for Bitcoin's growth to $11,000 and in the end, it was correct. However, this growth can be called corrective. At the current moment, the market is not very active and there is a high weakness of the current growth. Why do we think so? - The growth was on the background of declining volumes - The Stochastic indicator has broken...

Crypterium_Analytics

Our forecast, which we made at the beginning of last week, came true. The price has reached the range of $10,800 - $11,000. Here you can fix a position. If you listened to our signal, then the total profit would be from 7% to 10%. () What to expect from bitcoin now? On the hourly timeframe, the chart looks overbought. You can see this by the Stochastic and MACD...

Crypterium_Analytics

The Stochastic indicator has drawn a bullish divergence and is close to the overbought zone. It looks like it may decline again in the coming hours, which would ideally match the price movements in the ascending triangle, after which we may see a breakout of the upper border. Also, bullish divergence formed on the RSI. In addition, there is a significant gap to...

Crypterium_Analytics

Bitcoin price has broken through the upper border of the triangle and is now fixing above it. On the 4h timeframe, the Stochastic and RSI indicators show a clear bullish divergence, which is a signal for growth. We continue to wait for a reverse correction in the range of $10,750 - $11,000. A good point to enter a position will be at the retest of the upper...

Crypterium_Analytics

On the 4-hour and daily timeframes, the Stochastic indicator quickly broke through the oversold line and consolidated below it. It means that we need should expect the price to rebound upwards. A similar situation exists for most other indicators. We have stretched the Fibonacci grid from the growth that began at the end of July. It clearly shows that during a...

Crypterium_Analytics

Yesterday, ETH confidently broke through the resistance at $440 and quickly headed up. Its price reached $488, and is now consolidating at around $ 470. After a two-week correction, we saw explosive growth, and there are serious fundamental prerequisites for this - the hype around DeFi. A similar situation with Ethereum was in 2017 during the ICO bubble. Its...

Crypterium_Analytics

First, let's take a look at the RSI indicator. It got as close as possible to the overbought line and cannot break through it yet. At the same time, RSI did not show significant corrections for 6 months. Stochastic is already in the overbought zone and is now consolidating there. Also, this indicator has drawn a double top, which may be a sign of a trend...

Crypterium_Analytics

At the beginning of the week, we said that Bitcoin will rise to $11,600 and we were right. It was local growth. Bitcoin options expire today in the amount of 62,000 BTC or $700 million. This is an important event that could trigger a breakdown of the $11,000 level. At the same time, with a high probability, we can see the price of $10,000 per bitcoin in the near...