Why This Bitcoin Price Pattern Spells Short Term Pain For BTC
Bitcoin has held critical support after a move to the downside on Friday and trades at $37,539. A good old weekend pump has brought it back from the mid-zone of the $30,000 range and now it might make a push towards $38,000. In the short term, reclaiming the $40,000 area seems like the most bullish […]
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Here's what we're focusing on for the Thursday morning session out of Europe in the bitcoin price. Yesterday, as a result of overnight trading on Tuesday, a double top gave us a medium term bearish bias in the bitcoin price. The pattern completed mid afternoon, and we were able to enter short according to the pattern’s traditional rules on a neck breaking. Post-entry, price initially moved in the direction we’d expected, before correcting a little to the upside and consolidating somewhat throughout Wednesday evening. This is not unexpected, and the bearish trade we entered on the pattern....
Since the market shakedown caused by the US and China tariff frenzy, Bitcoin is still battling with volatility as its price loses the $110,000 price target again after a short upward move on Sunday. With BTC’s price experiencing bearish performance, investors, especially short-term BTC holders, are seeing notable losses in their positions. Realized Losses Mount […]
Dash Price Key Highlights. Dash price looks like completed a 5-waves up pattern and might head lower in the near term. There is a Triple top pattern formed (as highlighted yesterday), which could push the price lower. Besides, there is a bullish trend line formed, which must be cleared for more losses in the near term. Dash price might have created a short-term top, as there is a wave sequence completed on the hourly chart. 5-Waves Pattern. As mentioned in yesterday's post, we are waiting for a break in the Dash price. There are a couple of important things formed on the hourly chart,....
The market’s hostile environment is currently hindering altcoins gaining in the short term. With the broader market down by 2%, LDO losses mounted up to 18% since last week, continuing to end this week with pain for investors in the short term. This led to shaky investor confidence as fear, uncertainty, and doubt plagued the […]
Spells of Genesis remains one of the most interesting projects to make use of blockchain technology. The reason for this is quite simple: the project has been in development for quite some time now, and the team recently released the early beta for their mobile card game. This early beta release also marks the second milestone for Spells of Genesis since....