XRP Triggers Signal Resulting In Nearly 80% On Average Rise Against Bitcoin
Bitcoin is more bullish than ever, and Ethereum has taken center stage of the hot to trot DeFi trend. XRP, however, has remained a laggard for two years running. But all this could soon change, as a signal just triggered on the Ripple versus Bitcoin trading pair that in the past has led to an […]
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Welcome to the first episode of NewsBTC’s all-new daily technical analysis videos. In the first episode, we are looking at Bitcoin price action using the weekly BTCUSD price chart. Specifically, this episode looks at Bitcoin’s “most profitable buy signal” in its entire history: the hash ribbons. In addition, we analyze weekly momentum using the logarithmic MACD to try to understand if a bottom could be in. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 22, 2022 All About The Hash Ribbons The Hash Ribbons were created by Bitcoin....
In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and […]
A textbook bullish indicator whose last appearance in mid-February contributed to Bitcoin’s price rise to its record high has flashed again. Dubbed as MACD Bull Cross, the signal develops when the output of the difference between an asset’s 26-period and 12-period exponential coverage surges above its 9-period exponential moving average known as a signal line. […]
Litecoin is accumulating more gains, pushing the price up by 3.39 percent to $3.050. Significantly higher gains can come to Litecoin, helped majorly by Bitcoin in the future sessions. But today, let us focus on what the technical indicators and the price action are suggesting. Litecoin Chart Structure - With the above-stated gains, Litecoin has taken a step closer to the downward sloping Resistance (marked in the chart above), which as of today, comes in at around $3.400. Moving Average - Another factor which will pressurize Litecoin as it heads upwards is the 30-day simple moving average....
Litecoin is holding up fairly well at $2.955 after Bitcoin successfully retested the important support level of $235. The cryptocurrency is up 1.65 percent but it may have entered into a range of $2.500-3.160. My view above is based on the price action and the latest technical indications drawn from the daily LTC-USD price which fail to induce much confidence. Litecoin Chart Structure - Litecoin's fall was arrested by a swift rise in the price of Bitcoin after it kissed $235. Apart from Bitcoin's contribution, Litecoin also received good support from the 9-day simple moving average of....