Wednesday, January 16Your Daily Bitcoin & Altcoin News Portal

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Bitcoin (BTC) Price Watch: Can Bulls Defend the Triangle Bottom?

Bitcoin (BTC) Price Watch: Can Bulls Defend the Triangle Bottom?

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Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Can Bulls Defend the Triangle Bottom? Bitcoin Price Key HighlightsBitcoin is still inside its descending triangle visible on the daily chart.Price is testing support and is approaching the peak of the formation to signal an imminent breakout.Technical indicators appear to be favoring a downside move and a selloff.Bitcoin is testing the bottom of its descending triangle on the daily chart and could be due for a breakout soon.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, a downside break is more likely to occur than an upside break.In that case, bitcoin price could tumble to the next potential suppor...
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Ripple Price Analysis: XRP/USD Could Revisit $0.50

Ripple Price Analysis: XRP/USD Could Revisit $0.50

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Could Revisit $0.50 Key HighlightsRipple price declined sharply and broke the $0.65 and $0.62 support levels against the US dollar.There was a break below a major bullish trend line with support at $0.66 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair may decline further if it fails to hold the $0.55 support area in the near term.Ripple price crashed and broke many supports against the US Dollar and Bitcoin. XRP/USD could accelerate declines if buyers fail to defend $0.55.Ripple Price DeclineDuring the past few hours, there was a sharp downside move from well above $0.68 in Ripple price against the US Dollar. The price broke down and cleared many supports on the way down s...
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Ethereum Price Analysis: ETH/USD Crashes To $500

Ethereum Price Analysis: ETH/USD Crashes To $500

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Crashes To $500 Key HighlightsETH price declined sharply and traded below the $540 support area against the US Dollar.There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD (data feed via Kraken).The pair may correct a few points in the short term, but upsides are likely to be capped by $560.Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD almost tested the $500 level and is currently in a bearish zone.Ethereum Price DeclineThere was a nasty decline in ETH price from well above $600 against the US Dollar. The price traded lower by more than $100 and crashed below many support levels. It declined below the $570, $540 and $52...
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Bitcoin (BTC) Price Technical Analysis (June 11, 2018)

Bitcoin (BTC) Price Technical Analysis (June 11, 2018)

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Please share if you find this article interesting. Bitcoin (BTC) Price Technical Analysis (June 11, 2018) Yesterday we saw BTC prices literally crashing after shedding Week over week, Bitcoin prices are down six percent as sellers continue with their drive towards $4,500. As visible from the chart, it seems traders are not only aligning with week ending June 3 bear candlestick but their rejection to trade above $7,800 means sell pressure is also high. As it is, week ending June 3 candlestick seems to be short coverings following week ending June 10 events.So, should this week end lower surging below $7,000 then our ultimate targets would be at $6,000. After all, technical arrangements point to selling as the path of least resistance whose overall objective is to completely revers...
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IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 11, 2018)

IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 11, 2018)

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Please share if you find this article interesting. IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 11, 2018) Its clear that yesterday’s bear moves at EOS, IOTA, Tron-despite announcement of Tron Programming Competition winners-are evident. Of all, EOS is down and rejecting prices above $15. That’s regardless of the recent  mainnet launch and subsequent validation 24 hours later. Will prices recover or will we see bears driving prices below $1.3, $12 and $110 in IOTA, EOS and Litecoin respectively?Let’s look at these charts:EOS Technical AnalysisEOS Daily Chart by Trading ViewSo, after periods of deliberation and whether the network is itself secure, EOS was eventually launched. What this means is that after yesterday’s EMLG validation, close to 150 million t
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Binance CEO Says Bitcoin Price Correction in 2018 is Similar to 2014, Occurs Every Year

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Please share if you find this article interesting. Binance CEO Says Bitcoin Price Correction in 2018 is Similar to 2014, Occurs Every Year The current cryptocurrency momentum is anything but positive.To novice users, it seems as if this is the beginning of the end and a bubble waiting to burst. Veterans know all too well this is just a blip on the radar. Dips and peaks occur quite regularly in the Bitcoin world, after all. Go to Source Author: JP Buntinx Found this article interesting? Kindly share it on Social Media.
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Bitcoin Price Weekly Analysis: Can BTC/USD Break Higher?

Bitcoin Price Weekly Analysis: Can BTC/USD Break Higher?

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Please share if you find this article interesting. Bitcoin Price Weekly Analysis: Can BTC/USD Break Higher? Key PointsBitcoin price is placed nicely above the $7,200 level with positive signs against the US Dollar.There is a key bearish trend line in place with resistance at $7,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair must accelerate gains above the $7,750 and $7,800 barriers for more upsides in the near term.Bitcoin price is moving in a bullish zone above $7,200 against the US Dollar. BTC/USD may perhaps clear the $7,800 resistance to jump above $8,000 in the near term.Bitcoin Price ResistanceThis past week, bitcoin price mostly traded in a range above the $7,000 handle against the US Dollar. The best part was the fact that the price stayed a...
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Ethereum Price Weekly Analysis: ETH/USD’s Uphill Task

Ethereum Price Weekly Analysis: ETH/USD’s Uphill Task

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Please share if you find this article interesting. Ethereum Price Weekly Analysis: ETH/USD’s Uphill Task Key HighlightsETH price is trading in a positive zone above the $570 level against the US Dollar.There is a major bearish trend line in place with resistance near $650 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair may perhaps move higher in the short term, but it could struggle to break the $650 resistance.Ethereum price is moving in a broad range versus the US Dollar and Bitcoin. ETH/USD might gain traction to test a major hurdle near the $650 level.Ethereum Price ResistanceThis past week, ETH price traded once towards the $630 level against the US Dollar. However, the upside move was capped and the price remained in a range around the $600 level. Starting f
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Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $1,200

Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $1,200

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Please share if you find this article interesting. Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $1,200 Key PointsBitcoin cash price remained in a positive zone above the $1,000 level against the US Dollar.There is a major bearish trend line forming with resistance near $1,200 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair has to settle above the $1,200 barrier to gain traction in the near term.Bitcoin cash price is placed in a bullish zone against the US Dollar. BCH/USD will most likely trade in a range before making an attempt to surpass $1,200.Bitcoin Cash Price ResistanceThere were a few swing moves above the $1,000 level this past week in bitcoin cash price against the US Dollar. The price dipped once towards the $1,000 support with a m...
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