Bitcoin Price Watch; Sellers Take Control
Here's what we are looking at in the bitcoin price this afternoon, and beyond in to the Asian session tonight. Earlier this morning, we published the first of our twice daily bitcoin price analyses. We forecasted that, in light of the sideways action we had seen during the twenty-four hours directly preceding our snapshot, we could see either the bulls or the bears take control of the intraday swing, and in turn, some decent volatility from which we could draw a profit under the framework of our breakout strategy. Action has now matured throughout the day, and we are about to head into the....
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Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....
Key Highlights. Dogecoin price continued to struggle to trade higher and it looks like it might decline further in the near term. 100 hourly simple moving average is a major hurdle for buyers for more gains. A break below 62.0 Satoshis could set the price for a move towards the last swing low of 58.9 Satoshis. Dogecoin price failing to trade higher is a worrying sign, and might encourage sellers to take it lower moving ahead. Sellers to take control. We highlighted yesterday that the Dogecoin price is struggling to move higher which increases the chances of it trading lower. There were....
Dash Price Key Highlights. As highlighted in the weekly analysis, the Dash price completed a sell pattern and moved lower. More losses are likely, as sellers remain in control and look to take the price lower. A bearish trend line is formed, which if broken might call for a change in the trend. Dash price continued to weaken and might move further lower as long as sellers remain in control. Trend Line Resistance. As anticipated earlier there was a major downside reaction in the Dash price, as it fell below a major support area of 0.0120BTC which ignited a sell rally. The price traded as....
Bitcoin’s price action has been flashing mixed signals to investors, as its price has been caught within a wide trading range between $10,200 and $11,200 as buyers and sellers battle for control of its near-term outlook. The cryptocurrency’s inability to post any sustainable upswing indicates the strength that sellers have at the present moment, which […]
Key Highlights. There are a couple of monster bearish trend lines on the daily timeframe chart of Dogecoin price, which are preventing buyers to take the price higher (price feed from HitBTC). There were many attempts made to clear the highlighted trend line and resistance area, but sellers managed to defend the upside successfully. The breakout pattern on the 30-mins chart (price feed from CEX. IO) is still due that can cause some action moving ahead. Dogecoin price is attempting to trade higher and break all shackles, but the resistance around 40-45.0 Satoshis is preventing gains.....