Bitcoin Starts Corrective Decrease, Why It Could Rally If It Clears $15.3K

Ethereum formed a short-term top near $620 and started a sharp decline against the US Dollar. ETH price is correcting gains and it could revisit the $500 support zone. Ethereum started a downside correction after it failed to stay above the $580 support. The price traded below the $550 support and the 100 hourly simple […]

Ethereum traded to a new all-time high near $1,750 before correcting lower against the US Dollar. ETH price is likely to find a strong support near $1,500. ETH price traded to a new all-time high at $1,750 before it corrected lower against the US Dollar. The price is trading below $1,650, but it is well […]

Ethereum is slowly rising and trading above the $460 resistance against the US Dollar. ETH price is likely to rally towards $495 or $500 if it clears the $470 resistance zone. Ethereum is showing positive signs above the $450 and $455 support levels. The price is currently trading above the $460 resistance and well above […]

Ripple remained in a positive zone above the $0.2500 support against the US Dollar. XRP price is likely to rally further if it clears the main $0.2600 resistance. Ripple started following a nice bullish path above the $0.2450 resistance against the US dollar. The price is now trading well above $0.2500 and the 100 simple […]

In our last column we speculated that bitcoin price was going to $930. It didn’t quite get there. It hit $920 and corrected there. As I have held onto the belief that we are still in a corrective phase to the massive rally to 1150, I was thinking that 920 might be the end of the current rally. But the asset is showing signs that another move higher is on the menu. This is the daily chart. You can see how the market reacted to the 2nd arc. There was sharp selloff there, but the market on the shorter-term charts looks like it is getting ready to move higher. (I’ll show you that a bit later.)....