Bitcoin Poised to Hit $15K Even amid Bearish Divergence Alerts
Many Bitcoin analysts agreed that Bitcoin would stop rallying after its price hits $14,500. The cryptocurrency looked overbought on medium-term timeframes, a technical alert that typically amounts to a downside correction. But the bearish calls took a backseat on Thursday as Bitcoin extended its upside above $14,500, coming less than a hundred dollars closer to […]
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Litecoin, much like bitcoin has been sliding steadily since a couple of weeks ago. Also, both cryptocurrencies saw a 3-point bullish divergence between price and the RSI (price made 3 lower lows as the RSI made 3 higher lows). Litecoin (LTCUSD) 1H Chart April 16. In the 1H chart, we can see that after making a low at 1.32, price rebounded to about 1.42. Then, there was a bearish attempt which failed to push lower. Instead price held mostly above 1.35 and is now coming back up to 1.40 again. This basically shows a consolidation against the prevailing downtrend and price is poised to....
Chainlink was among the first cryptocurrency to set a new all-time high in 2020, but given its absence during the 2017 peak was facing different circumstances and no overhead resistance. The altcoin was nearly unaffected entirely by the bear market over the last couple of years, breaking record after record. However, a massive bearish divergence […]
Don’t spend your days watching bitcoin charts trying to find the best time to buy or sell, just get alerts. Many people complain about the volatility of bitcoin, but a good bitcoin alert tool allows you to turn volatility into opportunity. Coindera is a new bitcoin alert platform that monitors 100+ cryptocurrencies. Users can create all types of alerts: volume alerts, price alerts, regular alerts and even moving averages such as the EMA & SMA so you can spot trends. Coindera recently launched at The North American Bitcoin Conference and I had the opportunity to speak with Adam Evers the....
This week, bitcoin found resistance around 262 and formed a head and shoulders with a neckline around 256. After the breakout, there was a period of consolidation, where we saw bulls fail to reach back to the shoulder level around 260. Instead, after a session of consolidation, price fell sharply during the April 8th session. As we enter the April 9th session, btcusd looks poised to continue a bearish trend. Bitcoin (BTCUSD) 1H Chart April 9. The 1H chart shows that price fell sharply after confirming the head and shoulders top, it is now under the cluster of 200-, 100-, and 50-hour SMAs.....
Yearn Finance’s governance token YFI was trading lower on Wednesday as its short-term charts warned about a growing bearish divergence. Yearn Finance's bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com The said oscillator, first spotted by a pseudonymous analyst, showed the YFI price moving upward against a falling Relative Strength Indicator. Traders […]