Cryptocurrencies

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Technical Analysis – BTCUSD weakens after strong upside rally in short term

Posted on February 13, 2019 at 1:36 pm GMT

BTCUSD skyrocketed last Friday, jumping above the Ichimoku cloud and the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Currently, the price is moving sideways, and the technical indicators have turned lower. The RSI indicator is moving down in the positive zone while the stochastic oscillator is approaching the oversold territory. Should the price extend higher, it could find resistance at the 3644 level, before touching the latest high of 3690. Also, an advance above this region would increase speculation that a [..]

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Technical Analysis – ETHUSD loses momentum below SMAs in near term

Posted on February 7, 2019 at 2:10 pm GMT

ETHUSD is holding marginally below the moving averages in the 4-hour chart, while according to the technical indicators the market seems to be neutral to negative. The RSI is sloping down below the 50 level and the MACD oscillator is flattening above its trigger line but below the zero level. In case of a move lower, the price could challenge the seven-week low of 99.00. This area could be difficult for the bears to overcome initially, but if there is a closing session below it, the price could hit the 89.90 obstacle. [..]

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Technical Analysis – BTCUSD seems neutral to negative; Ichimoku confirms bearish view

Posted on January 31, 2019 at 2:31 pm GMT

BTCUSD holds slightly below the 20-and 40- simple moving averages (SMAs) in the 4-hour chart as well as below the Tenkan- and Kijun- sen lines, suggesting further negative pressures. The RSI indicator is flattening in the negative zone, while the stochastic oscillator is approaching the oversold zone with strong momentum. Should the price stretch south, immediate support is coming from the six-week low of 3390 barrier, taken from the bottom on Tuesday. A step lower could bring the bearish sentiment back [..]

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Technical Analysis – BTCUSD lacks direction as it stands within near term SMAs

Posted on January 23, 2019 at 2:32 pm GMT

BTCUSD continues to trade within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, indicating flat movement. The sideways action is also supported by the horizontal Tenkan-sen line. However, momentum signals seem to be slightly bullish as the blue Kijun sen line remains below price action and the light green Chikou span is ready for a bullish crossover with price. The RSI is trying to jump above 50 level, while the MACD oscillator holds above trigger line. Should the [..]

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Is the “crypto winter” here to stay? – Cryptocurrency News

Posted on January 17, 2019 at 4:21 pm GMT

The cryptocurrency complex had a horrendous run in 2018, with most major coins collapsing following their meteoric rise in the prior year, as the “euphoria” faded and in the midst of greater regulatory scrutiny. Alas, considering that several key issues remain unresolved – ranging from security and regulation concerns to illiquidity – it’s difficult to envision any major reversal in the fortunes of digital coins in the foreseeable future. To say that the cryptocurrency market performed dreadfully in 2018 would [..]

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Technical Analysis – ETHUSD trades below SMAs with weak momentum

Posted on January 17, 2019 at 12:49 pm GMT

ETHUSD is slowing down below the moving averages in the 4-hour chart, while according to the technical indicators the market seems to be neutral. The RSI keeps developing below 50 with weak momentum and the MACD oscillator is flattening above its trigger line but below the zero level. In case of a move lower, the price could challenge the 23.6% Fibonacci retracement level of the negative movement from 221 to 80, around 113.10. This area could be difficult for the bears to overcome initially, but if there is a [..]

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Technical Analysis – BTCUSD hovers above 23.6% Fibonacci with weak momentum

Posted on January 9, 2019 at 12:44 pm GMT

BTCUSD has been recording marginally flat candles over the last sessions in the 4-hour chart, after the advance above the 23.6% Fibonacci retracement level of the downleg from 6508 to 3116.50, around the 3916 support.  The price holds above the 20- and 40-simple moving averages (SMAs), while the RSI indicator is flattening above the neutral level. Moreover, the MACD oscillator is losing momentum near the zero line. If the price strengthens momentum to the upside, the next immediate resistance to have in mind is [..]

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Technical Analysis – BTCUSD still stuck below 23.6% Fibonacci; bearish outlook

Posted on January 3, 2019 at 1:52 pm GMT

BTCUSD has been moving sideways after it found strong support at the 3116.15 barrier on December 14. The price holds within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI indicator stands around the neutral level and is pointing slightly up. Moreover, the MACD oscillator is losing momentum near the zero line. Resistance could occur around the 23.6% Fibonacci retracement level of the downleg from 6508 to 3116.15 of 3912.40. Slightly above this area, the [..]

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Technical Analysis – ETHUSD rallies above moving averages; still negative in long term

Posted on December 19, 2018 at 2:29 pm GMT

ETHUSD has been strengthening its upside momentum over the last few sessions after the bounce off the 19-month low of 80. The price rose above the bullish cross of the 20-simple moving average (SMA) and the 40-SMA in the 4-hour chart. From the technical point of view, the indicators are moving higher with the RSI standing in the overbought area and the MACD oscillator holds above its trigger and zero lines. In case of a jump above the 106 significant resistance level, this would open the way towards [..]

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Technical Analysis – BTCUSD bearish outlook does not change in short and long term

Posted on December 12, 2018 at 12:44 pm GMT

BTCUSD rebounded on the 15-month low of 3187 and is currently picking up speed above the 20-simple moving average (SMA) in the 4-hour chart. The RSI turned higher but remains in the negative territory. At the moment, it continues to head higher in support of a slightly positive short-term picture. The bias in the very-short-term also looks bullish somewhat as indicated by the MACD, which holds above the trigger line. Resistance could occur around the 40-simple moving average (SMA), which overlaps with [..]

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