Why Is XRP Price Down Today?

It's almost refreshing to take a look at the bitcoin price charts today and see something we haven't seen a whole lot of lately: a price climb. If you're following along at home, you probably noticed today that the price of bitcoin has surpassed $400 today. In fact, it's gone us quite a bit higher than that. Taking a look at the Bitstamp chart (USD), we can see that the current price of bitcoin is about $414, up over 7 percent in the past twenty-four hours alone. If we take a look at the three-day view, we're up 13 percent. Over 24 percent in the past week alone. Not terribly bad.....

Bitcoin price declined a bit today and the long awaited bullish wave was further delayed. The $220 level was tested today and continued to prove that it is currently supporting the price well. By observing the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below chart), we can notice that the price dropped today from around $224 to $216, before rising up again to $220. As the price approached the $220 level, support has been prominent as proven by the candlesticks' long shadows near the $220 territory (look at the 3 candles inside the blue cloud on the below chart).....

Bitcoin price dropped today to a low of $228.45. It seems that the buying power of the market didn't succeed in maintaining the price above the $256 support level for a long time. By looking at the 1 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the 20 day EMA on top of the chart, we can see how bitcoin price exhibited a rather steep drop from $268.34 to around $228.45 today. The bearish wave seems to be gaining strength as shown by the 7 successive red bearish candlesticks on the 1 hour chart. Also, the price has been trading below the 20 day EMA during most of today's....

Dogecoin price yesterday traded between 58 and 60 satoshis on Hitbtc, yet earlier today the price dropped down to 51.6 satoshis before rising up again to 60 satoshis at the time of writing of this article. On the other hand, Dogecoin price traded between 58 and 60 satoshis on Cryptsy throughout yesterday's trading sessions. By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com, calculating the 20 day EMA, plotting the MACD indicator and executing the RSI (look at the below chart), we can notice the following: Even though the price dropped down to around 51 satoshis earlier....

So they were going to do something little bit different in our twice-daily bitcoin price watch piece. Over the past week we have pointed out that action in the bitcoin price has been relatively muted, and that it has not been enough to get us in or out of the markets according to our breakout strategy. Even tighter action scalp strategy has failed to really generate any market action, and so during today's session, we will focus solely on our intra-range strategy. Overnight, we did see some old and down movement during the Asian session, and so there is a chance that - by focusing on the....