Bitcoin Price Rolling To Bounce
Bitcoin price slumps toward support – which has held since late-May – although coming under fire twice during the last 24 hours. Additional support awaits just below. A price downdraft, today, has pulled price to a supporting trendline (blue) at $454 (Bitstamp). The trendline has a companion in RSI and a break of either should result in the market looking for support at the 4-hour 200-period moving average (200MA, red) currently ascending through $449. According to the market’s behavior during 2016, so far, price could be bid back up at the 200MA – as happened at the blue arrow during....
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Robinhood Lets 1,000 Customers Test Its Crypto Wallets
Popular trading platform Robinhood announced Thursday that its “crypto wallets beta program” is now live. The announcement details:
Starting today, we’ll begin rolling out crypto....
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....