Why Bitcoin And Crypto Bulls Require More Patience

In my Friday's analysis post, Drops, But Still Near Highs!, I had mentioned that bulls were challenging a key resistance level of $1.865 and may eventually take the price higher to north of $2.000. But, they were overwhelmed by the strong selling pressure over the weekend and Litecoin's moments of glory came to an abrupt end! As bears hammered bulls, Litecoin lost 9.82% over the weekend to trade at $1.670. The 240-minute LTC/USD price chart reveals that the cryptocurrency is now considerably near the crucial support zone, below which we may witness a flash crash. Litecoin Chart Structure -....

As mentioned in the previous Bitcoin price technical analysis, Afloat, But For How Long?, the remarkable work done by the bulls to defend their crucial weekly support of $220-225 has finally paid off during this weekend as Bitcoin price surged 5.29 percent to $241.01. During the latest price move, Bitcoin also crossed a near-term resistance which had kept it subdued for several sessions. But let us now discuss the price targets, the supports and the resistances. Bitcoin Chart Structure - Since August 19th, Bitcoin had been trading with its upside capped near $235 (we discussed this....

Dogecoin, so active, so young. No matter how you feel about the Shibes (Dogecoin enthusiasts), Dogecoin has one of the most unique followings of any cryptocurrency. Hyperactive and diverse, Shibes have infinite patience for ignorant new-comers and little patience for resting on their laurels. As a result of this, tons of small but notable events happen every week that are often left unrepresented. I wanted to cover some of those events this week, and possibly as a weekly addition if sufficient interest in such an article is expressed. If you would enjoy a weekly Dogecoin article, tweet....

Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries in coming months. Google to Require Government Authorization of Advertisers Google, the software and web search giant, will start taking measures to curb possible financial fraud using the advertisement platform of the company in Spain. Google announced it will start requiring customers that....

Litecoin bulls have made a great attempt in narrowing the recent losses as the price advanced roughly 1.5% to be trading at $1.797. I had mentioned in my previous analysis, Support Breached, Look to Exit! that market participants should build short positions on rise up to $1.785 by maintaining a stop-loss just above $1.795. Since the stop-loss has been triggered, it only makes sense to adopt a wait and watch strategy until convincing directional signals emerge. The 240-minute LTC-USD price chart indicates that the market may test the patience of the traders for a little longer before it....