Bitcoin Price Due for a Modest Bounce
What a difference a day makes, or so they say. Today's market fall was completely expected. We discussed the reasons in detail in yesterday's article. No need to rehash it today. But where do we go from here? Where and when is the bottom? Fake news from China is only excuse for the market to move. The only this we can say with certainty about the bottom of this market is we are 24 hours and $30 closer to the end than we were yesterday. But, of course, that is unsatisfying to say the least. So let's indulge in a bit of speculation. 60-minute Chart. The 60-minute chart us the market found....
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Ethereum has undergone a strong bounce since the lows seen in September. As of this article’s writing, the coin trades for $372, around 20% above those lows. The cryptocurrency is about the set a weekly close above the $365-370 resistance. Despite this strong bounce in the price of Ethereum, on-chain metrics show that the blockchain is currently weakening. Fortunately, the leading cryptocurrency has positive fundamental and technical trends that may result in growth in the […]
In last week’s post we concluded with the following statement: As you can see last Sunday we were very Bearish at a time when price had rebounded from around US$320 to US$330. In hindsight, the bounce had a little more legs in it than initially expected, but as the primary view explains, the overall picture will remain Bearish according to the charts as long as we stay below US$400 and most like US$420. We have now turned Bearish across all time frames. Until proven otherwise any bounce is expected to just be new lower high until we can get back above US$420. What we thought was a nice....
Neucoin Price Key Highlights. Neucoin price has been sliding lower, mostly driven by bitcoin price strength in the past few days. This has taken price all the way down to its lows for the month at 0.000021, at which profit-taking might take place and pave the way for a quick bounce. Neucoin price could see a bit more upside from here, especially if traders book profits off their positions by the end of this month. Technicals Support a Bounce. Technical indicators are also suggesting that a bounce might be in order, as the selloff is overdone. Stochastic is in the oversold region, which....
Bitcoin price has been consolidating at the bottom of the ascending channel, with buyers still trying to push for a bounce. Bitcoin Price Key Highlights. Bitcoin price has been trending higher and moving inside an ascending channel on its 4-hour and 1-hour time frames. Price is still hovering around the channel support and a bounce might be in order. If so, bitcoin price could make another test of the resistance around $465. Technical Indicators Settings. The 100 SMA is above the longer-term 200 SMA, confirming that the path of least resistance is to the upside and that the uptrend could....