Hi, Traders ! Monfex is at your service ! Bitcoin seems to entered the contraction phase of the 3-phases master pattern. Which scenario looks viable now: 1. Given a slightly oversold RSI on 1H timeframe within the price contraction phase, there is a high probability that Bitcoin will expand upwards to hit the upper band of the major consolidation range...
Hi, Traders ! Monfex on the air ! This time we have something very special for you - OmiseGO (OMG) - an Ethereum based decentralized banking and exchange token. It has been lying on the bottom for a couple of last weeks, but is now showing ambitious signs of recovery. Pros * OMG has demonstrated a period of positive price movement until the end of June 2019...
Hello, Traders! Monfex is at your service and today we overview. BTC resistance is in the zone of ~ $ 8,020 . The last local support and demand zone. So, from the support zone Bitcoin can go to the 50% Fibonacci level ~ $ 8,100 . But bears seem stronger and level of 127,20% Fibonacci - $ 7,500 more likely to reach. Share your thoughts, ideas about the...
Hi, Traders ! Monfex is on the air! Our hot real-time idea on Bitcoin in a Scalp Mode: * Bitcoin hit $7,800 as we expected and headed North from there. * Consolidation trading range of $7,700 - $8,500 remains in force and we expect the price action to unfold until $8,500. * Volatility has increased and RSI is approaching the overbought condition on 1H, so a...
Hi, Traders ! Monfex is at your service ! Let's make an Update on Ethereum by getting a deep view on its current price action: * Ethereum has been in tight correlation with Bitcoin and the overall crypto market, but its recent decline is not solely attributed to weak market conditions as a whole, but data also shows that Etheruem has been under selling...
Hello, Traders! Monfex is at your service and today we overview. Be aware of this bearish flag! Classic pattern for this situation, impulse down - correction movement in flag and continue falling with new impulse power. Indicators look not so good. Can have some pit stop near ~ $ 160 . What we can do now ? 1) Short; 2) Fix in money and and see how the...
Hello, Traders! Monfex is at your service and today we overview BTC Dominance. Turning point? We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Target zone ~ 66,50 %, it's our support line, good trading volume support zone. By RSI we have a strong bearish divergence with price. Indicator...
Hello, Traders! Monfex is at your service and today we overview BTC/USD. What do you expect from Bitcoin ? BTC hasn't tested the 50% Fibonacci level, it's also ex-support zone. For now we can assume many variants about Bitcoin further movement and at this chart I propose to look at possibility of the falling wedge pattern. It's very characteristic for...
Hi, Traders ! Monfex is at your service ! Please find below our Weekend Update of Bitcoin: * Bitcoin is narrowed within the consolidation trading range between $7,700 and $8,500. * Market forces are balanced out and the volatility is extremely low. * RSI is very close to the oversold condition, but still neutral. * It is better to wait until the price hits...
Hi, Traders ! Monfex is at your service ! This time we present you our idea of Dash - the brilliant hidden in a haystack. Let's look through the facts: * Dash got listed on Coinbase & the Brazilian crypto exchange Cointrade that is definitely positive aspect. * We think that Dash will further strengthen presence on the global scale since it increasingly...
Hi, Traders ! How is it going ? Monfex is on the air ! Do you still hold Monero (XMR) in your portfolio ? If yes, than better hurry up with Selling it ag BTC. Of course, if you will find the arguments in favor of this idea convincing enough after reading our analysis. Just take a look at 1W Chart of Monero (XMRBTC): * The price is going down relentlessly...
Hi, Traders ! Monfex is at your service ! Evening edition of Bitcoin's chart analysis: * Bears are slightly pushing the price down, though doing that strictly within the bullish buying range. * We do not reject the option of the price hitting $7,700 for the third time and this way shaping up the triple bottom pattern. * Until the price breaks below $7,700,...
Hi, Traders ! Monfex is on the air ! This time we are going to analyze Ripple from the perspective of market cycles, backed up by Fibonacci & Gann's tools. * From the chart you can see that the complete down move from the top at $0.5175 to the bottom at $0.2150 took about 95 days (22Jun-24Sep), which is called the Intermediate cycle. * At the same time, the...
Hi, Traders ! Monfex is at your service ! With this Update we would like to compare and find out the strengths and weaknesses of two major cryptos - Ethereum & Litecoin versus the Giant, the absolute leader - Bitcoin. So let's compare two charts (ETH/BTC & LTC/BTC): * Overall, we see that Ethereum looks stronger in relation to Bitcoin that its peer,...
Hello, Traders! Monfex is at your service and today we overview BTC/USD . What do you expect from Bitcoin ? At the moment, BTC are under the volume resistance zones. RSI has an clear uptrend, which convinces us to look more towards the bulls. BTC has support price zone ~ $ 8,185 . What do we do now ? Active Trade Signal by BTC/USD - Buy near $8,190 -...
Hi, Traders ! Monfex is at your service ! Bitcoin Cash is at the crossroads. In this analysis we will try to find evidence in support of Long & Short scenario. * Sharp bearish impulse toppled the price of BCH down from $330 to $205 in less than two weeks. * On the heels of the drop, the price has found the Support near the local bottom registered in the end...
Hi, Traders ! Monfex is on the air ! This pattern of ETH/USD is definitely worth your attention: * The price is wedged between two short-term trend lines and is right at the inflexion point of the Wedge. * The correction of the Down Impulse may be coming to an end since the higher high on the price chart might not be supported by a decent bullish power. *...
Hi, Traders ! Monfex is at your service ! Bitcoin is consolidating before the next impulse up. Watch our signal to be aware of how to react ! * The price has temporarily entered the consolidation area from the upside and seems to gaining more power before making a huge jump to well above $9,000. * Bears have lost short-term momentum, so any positive trigger...