Cryptocurrencies

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Technical Analysis – BTCUSD continues bearish sentiment; ready to finish year in red

Posted on December 5, 2018 at 10:31 am GMT

BTCUSD is extending its losses and is currently trading not far above the 14-month low of 3490 hit on November 26. The price fell below the bearish cross between the 20- and 40-simple moving averages in the 4-hour chart. The stochastic oscillator is heading lower towards the oversold territory; however, the RSI indicator is turning slightly higher in the bearish zone. Should the pair stretch south, the multi-month low of 3490 could provide immediate support before the pair slips lower. A significant [..]

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Technical Analysis – ETHUSD rebounds on 18-month trough; maintains sell-off sentiment in long term

Posted on November 28, 2018 at 2:55 pm GMT

ETHUSD has been strengthening its upside momentum over the last couple of days after the bounce off the 18-month low of 97.85. The price rose above the 20-simple moving average (SMA) and is approaching the 40-SMA in the 4-hour chart, while from the technical point of view the indicators are moving higher. The RSI indicator is moving higher, surpassing 50 level and the MACD oscillator holds above trigger line but it remains below zero line. In case of a jump above the [..]

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Technical Analysis – BTCUSD plunges to 16-month low; strong negative sentiment in long-term

Posted on November 26, 2018 at 11:47 am GMT

BTCUSD plummeted to a new 16-month trough of 3814 earlier today, continuing the strong sell-off sentiment of the previous couple of weeks. The RSI and the MACD have both weakened, with the former remaining in the oversold zone and the latter easing below its red signal line. Downside risks persist as both indicators continue to fluctuate in bearish territory. If the market manages to pick up speed to post more losses, support could be found around the 3500 region, taken from the low in September [..]

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Cryptos crumble as regulators “tighten the screws” – Cryptocurrency News

Posted on November 22, 2018 at 4:13 pm GMT

The cryptocurrency universe experienced another meltdown last week, with Bitcoin breaking critical support to touch 13-month lows amid signs US regulators are set to toughen their stance towards digital currencies and Initial Coin Offerings (ICOs). While there may be some more pain in store for coin prices in the short run as greater regulatory scrutiny raises compliance costs, to the extent that this helps legitimize the industry, it could pay dividends down the road. Most cryptocurrencies are still licking their [..]

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Technical Analysis – BTCUSD tumbles to 1-year low; posts strong losses

Posted on November 19, 2018 at 2:32 pm GMT

BTCUSD formed a fresh one-year trough today and is set to complete the eighth negative day in a row. The RSI and the MACD have both weakened, with the former dropping even lower in the oversold zone and the latter easing below its red signal line. Downside risks persist as both indicators continue to fluctuate in bearish territory; the RSI below 30 and the MACD below zero. Should the market extend losses, support could be met around the 4910 region, taken from the lows on [..]

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Technical Analysis – BTCUSD tests key support at 6,073; bearish but oversold

Posted on November 14, 2018 at 3:53 pm GMT

BTCUSD is trading in a clear downtrend on the four-hour chart, printing lower highs and lower lows below the November 7 peak of 6,511, the highest mark registered since October 15. The MACD keeps increasing downside momentum in negative zone and below its red signal line, flagging further weakness ahead, though the RSI suggests that the bearish rally could soon come to an end as the market has already breached the 30 mark to enter the oversold territory. A rebound in the price may find [..]

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Technical Analysis – ETHUSD loses momentum again below moving averages

Posted on November 12, 2018 at 2:04 pm GMT

ETHUSD is losing momentum over the last couple of days after the bounce off the upper Bollinger Band at 220. The price declined below the 20- and 40-simple moving averages in the 4-hour chart, while from the technical point of view the indicators are standing near their neutral levels. The RSI indicator is moving near the threshold of 50, while the MACD is weakening close to zero line. In case of a jump above the moving averages, this would open the way towards [..]

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Technical Analysis – BTCUSD in weak momentum in short-term; descending triangle still holds

Posted on October 26, 2018 at 12:35 pm GMT

BTCUSD is moving sideways with weak momentum in a descending triangle pattern over the last eight months with a strong support obstacle being the 5780 barrier. The price found significant resistances on the 20- and 40-simple moving averages (SMAs) in the daily timeframe, over the last couple of weeks and has failed to create a rally above them. In the short-term, the RSI indicator is moving slightly below the neutral threshold of 50 with weak movement, while the MACD oscillator is flattening around its trigger and [..]

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Bitcoin bounces on signs of institutional interest, but remains rangebound – Cryptocurrency News

Posted on October 17, 2018 at 2:58 pm GMT

Bitcoin staged a modest recovery earlier this week, aided by news that asset management giant Fidelity will be entering the crypto arena soon to buy, sell, and store prominent digital coins for its institutional clients. Despite the rebound though, the world’s largest cryptocurrency remains confined in a relatively narrow range, and may require signs of more widespread adoption by investors before breaking above it. The previous week concluded with Bitcoin falling towards the lower bound of the sideways range it [..]

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Technical Analysis – BTCUSD escapes two-month lows; looks positive to neutral in short-term

Posted on October 16, 2018 at 8:39 am GMT

After a deep fall towards the two-month low of 6029.42 last Thursday, BTCUSD managed to show a recovery only on Monday, posting a spectacular rally to climb as high as 6717, the highest since September 28. The market could see further improvement as the RSI fluctuates in bullish territory above 50 and the MACD strengthens to the upside and above its red signal line, though consolidation cannot be ruled out as the former holds around its 50 neutral mark and the latter stands around [..]

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