Bitcoin Price Alert: BTC Shoots Past 50 & 100 Day EMAs - A Trend Change?

BTC price at press time: US$243.25. The midweek price alert began with: “Bitcoin has finally broken above the noted 50-day Exponential Moving Average (EMA) at US$232 and done so with force. It now also sits above the 100 day EMA (~US$242) as well. It’s possible a change of trend could be underway, but it is still too early to tell. This move has been made on very small volume and On Balance Volume confirms this. If the trend is truly going to change, volume should ideally come in.” The price reached a high of ~$256 and has now come down to ~US$243 and thus far the price has been....

Dogecoin price ranged between 48 and 50 satoshis throughout today's trading sessions on hitbtc. The beginning of March witnesses a drop in dogecoin price from 58 satoshis to around 50 satoshis which coincided with the bullish rally that controlled bitcoin's market. At the moment, it is not clear, whether or not the price will rise again to consolidate above the 52 satoshis level which supported the price for months. By studying the 1 day Hitbtc (DOGE/BTC) chart from tradingview.com, plotting Fibonacci retracement levels across a trend line that extends between the low reached on the 10th....

Bitcoin price continued soaring yesterday to print a high of around $299. The price has been increasing along the new rising trend line we spotted during Sunday's analysis. It seems that we will see bitcoin price exceed $300 within the next 24 hours, especially if the trading volume remains as high as it has been during the past 24 hours. By examining the 1 hour bitfinex (BTC/USD) chart from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can conclude the following: Since the beginning of March, bitcoin price has been rising along a new....

BTC price at press time: US$285. Last week’s price alert began with: “Price had been consolidating above the 50 & 100 day EMAs for some time after breaking above them, which was a bullish sign. Now price is right up against resistance at the 200 day EMA (~US$271) and looking to break above it. Doing this should pave the road for a test of the US$300 area. Something else bullish is also occurring. The 50 & 100 day EMAs are about to make a bullish crossover. This is what one wants to see if a real bullish picture is to emerge. Right now, the 200 day EMA is above the 100 day, which is above....

Litecoin price dipped down below the 20,50 and 100 EMAs again, on the 1 hour (BTC/USD) charts, after hitting $3.34 yesterday. It seems that someone is dumping a large number of litecoins into the market (this is just my personal opinion). We might see the price fall to much lower levels as it will only face significant support only at $2.80. 4 Successive Bearish Candles on 1 Hour Charts: By studying the one hour (LTC/USD) charts from Bitfinex (look at the below chart), plotting 20,50 and 100 EMAs and keeping the Fibonacci resistance fan we plotted earlier last week, we can notice the....