Larger Parabolic Move In Bitcoin “Imminent” After Breaking Bearish Ceiling
Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager. Here’s what the rest of the parabolic move might look like, once the uptrend regains its previous momentum. Bitcoin Blasts Through Bearish Ceiling, Nabs Another New Record High Following the news that Tesla had bought […]
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Chainlink may have rebounded with a record-breaking single-day rally, it did so after a 60% fall from its all-time high set just over a month ago. A key indicator measuring momentum has flipped bearish on weekly timeframes for the first time since the parabola began. Is this a sign that momentum is about to slide […]
Bitcoin price has returned to its recent resistance ceiling where large sell orders have halted additional advance. As remarked yesterday, a bullish 15-minute chart condition had catapulted price higher, but profit taking at the resistance ceiling near $460 and $3030 has prevented additional advance. With price trading above its 1-hour 200MA and a bullish cross-over of the 20MA to above the 200MA, there is a high probability that the advance may continue, but let’s wait to see price break the resistance ceiling before making a bet on such an outcome. Bitcoin price has risen to near its....
Chainlink (LINK) is trading at $7.60, still unable to escape the range between $5 and $8 it has spent over a year in. Its recent attempt at a rally, however, has triggered an important “parabolic”signal following a length, 28-month long downtrend. Chainlink Taps Parabolic SAR After 28-Month Downtrend Chainlink earned itself a reputation as a “blue chip” cryptocurrency during the last bear market. While Bitcoin, Ethereum, and other altcoins remained relatively bearish until the end of 2020, LINKUSD defied all odds and expectations by rising nearly 10,000% leading up....
Bitcoin price fell back from resistance ceiling earlier today as large sell orders loom overhead. As per the past two days of market action, an early-day bullish 15-minute chart condition catapults price higher, and then profit taking at the resistance ceiling near $460 and $3030 pulls price back to support. Bitcoin price has fallen away from its previous highs, but only moderately. The move may be part of a larger consolidation, but if price can hold above the 1-hour 200MA then advance to a new high is possible. The alternative, below the 1-hour 200MA, is that price returns to the $430s....
Bitcoin edged marginally higher on the last Friday of the month, breaking out of its recent resistance of $21,100 in the process. ETH was also in the green during today’s session, climbing by nearly 5% to move past a price ceiling of its own.
Bitcoin
Following a turbulent week of trading, BTC was once again higher on Friday, as prices moved above $21,000 heading into the weekend.
Less than a day after trading at a low of $20,233.56, BTC/USD rallied to an intraday peak of $21,266.39
Friday’s flurry of trading saw prices move past a key....