Bitcoin Bearish Signal: 600-Day MA Starts To Break Down
Charts show the Bitcoin price seems to be falling below the 600-day moving average, a sign that could be bearish for the crypto. Bitcoin Begins To Lose 600-Day MA Support Line As Price Crashes Below $39k Again As pointed out by an analyst in a CryptoQuant post, the price of the crypto is crossing below the 600-day MA curve now, a line that has served as support for BTC in the past. A “moving average” (or MA in short) is an analytical tool that takes the average of any quantity over a particular time period. As the name already suggests, this average constantly updates itself as....
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Bitcoin is likely to enter a bearish market as a never-before wrong signal just got triggered. Bitcoin Headed Towards Bear Market? As pointed out by a pseudonymous trader on Twitter, there is a certain signal that has consistently been right in the previous BTC cycles. The signal in question is the Super Guppy indicator, a […]
XRP has been a top performer during this recent bull market, beating Ethereum and almost all other cryptocurrencies in ROI. But could a recent bearish signal suggest the top altcoin could drop by 70-80% from current levels? XRP Triggers Bearish Crossover of Monthly LMACD XRP monthly LMACD has crossed bearish for the third-time ever The two past bearish crossovers resulted in an 87% and 71% drawdown AFTER the signal fired The signal is still unconfirmed, so bulls must push price much higher this month or risk seeing the signal confirm pic.twitter.com/aVUA3840ug — Tony "The Bull"....
Key Highlights. Rubycoin price managed to break a major resistance area to set the tone for more gains in the near term. There is a bearish trend line break noted, which encouraged the buyers to take the price higher. More upsides are possible, as there are many positive signs emerging on the hourly chart for bulls. Rubycoin price surged higher, broke a critical bearish trend line and looks set for more gains moving ahead. More Gains Ahead? The Rubycoin price enjoyed a decent run towards the upside, and also cleared a major bearish trend line on the hourly chart. The mentioned break was....
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Bitcoin Price Key Highlights. Bitcoin price has been trending higher on the short-term time frames but a reversal may be brewing since the rally has weakened. Price formed lower highs, suggesting that buyers are starting to lose steam and might not be able to sustain the climb any further. Bitcoin price is on its way to test the ascending trend line on the 1-hour chart once more, with a downside break likely to indicate that a selloff will take place. Bearish Divergence Seen? Stochastic has formed higher highs while bitcoin price made lower highs, creating a slight bearish divergence....