Today, the Fear & Greed Index rose from 10/100 to 13/100. A fall through the Major Resistance Levels and the pivot would test the First Major Support Level at $29,559. Looking at the EMAs and the 4-hourly candlestick chart , it is a bullish signal. …Read the full story
Failure to move back through the pivot would test the First Major Support Level at $29,554. Looking at the EMAs and the 4-hourly candlestick chart , it is a bearish signal. …Read the full story
Bitcoin sinks to sub-$35,000 as bearish sentiment hit the crypto market in the week ending May 8, 2022. Following a 2.49% loss from the previous week, BTC looks set to end the week at sub-$35,000. Increased demand for ALGO as a staking crypto provided the upside in the week, with Algofi, a DeFi platform on […]
Bitcoin’s reversal has adversely impacted LUNA in recent days, with LUNA underperforming the broader crypto market. Looking at the EMAs and the 4-hourly candlestick chart , it is a bearish signal. …Read the full story
This marks the sixth consecutive weekly decline for the cryptocurrency, and the largest weekly decline since the first week of April. While on an intra-day basis we are only at a two-month low, on a closing basis if we close anywhere at or below current prices, we have only one day of pricing lower than […]
On Tuesday, Bitcoin briefly revisited the “Fear” zone, with the Index rising to 27/100 before the pullback. For the Bitcoin bulls, the Index will need to move back through to 46/100 to bring April’s high of $47,433 into play. Bitcoin will need to move through the day’s $38,900 pivot to target the First Major Resistance Level […]
The total capitalisation of the crypto market, according to CoinMarketCap, increased 3.9% overnight to $1.87 trillion. The cryptocurrency Fear and Greed Index rose 4 points to 27 by Tuesday and moved into “fear” status. Dogecoin soared 25% and returned to the top 10 cryptocurrencies on the back of news of Twitter’s purchase of the social […]
On Monday, the pressure on cryptocurrencies continued, taking another 1.3% off bitcoin to 38.9k, sending it to test March lows. Total crypto market capitalisation, according to CoinMarketCap, changed little over the week, remaining at 1.8 trillion, as a wave of buying in the first half of the week turned into a strong sell-off in the […]
This morning, the Fear & Greed Index stood at 23/100. Earnings and Fed policy sank the US majors in the week, which spilled over to the crypto market. On the economic calendar, there are several key US stats to consider. Bitcoin will need to move through the day’s $39,482 pivot to target the First Major Resistance […]
As geopolitical tensions in Eastern Europe spilled over, it represented an unprecedented test for the staying power of Bitcoin. In the case of software developer MicroStrategy, the company is simply purchasing BTC with the intention of holding it on its balance sheet. Silvergate Capital, for instance, operates a network that enables the around-the-clock remittance of […]
Today we got a confirmation of our ‘three-river drowning cat’ pattern with Bitcoin trading lower by over 2% or $800 as of 5:15 PM, ET. The last close below the 600-day SMA was on April 21, 2020 exactly two years and one day ago! Disproving many analysts that were making the claim that the four-year […]
After facing a strong selling interest, bitcoin price started a fresh decline from the $43,000 zone. There was a break below a key bullish trend line with support near $41,900 on the hourly chart. Ether declined below a major bullish trend line with support near $3,020 on the hourly chart. A downside break below the […]
An immediate support is near the $42,250 level and a connecting bullish trend line on the hourly chart. A clear move above the $43,000 level could set the pace for a fresh rally. A downside break and close below the $3,110 support level may perhaps open the doors for a drop to $3,020. On the […]
Bitcoin on Tuesday tested 8-day highs above $41,700 on the back of rising US stock indices, which strengthened for a second straight day. Chamath Palihapitiya, CEO of Social Capital and Virgin Galactic, said Solana could capture market share in traditional financial services by challenging Visa and Mastercard. Jack Mallers, CEO of payment service Strike, said […]
Fourth waves are one of the most tricky, unreliable, and least-sensible price structures any asset class can go through. It is nearly impossible to know beforehand which of these 12+ corrective patterns the market will choose. Thus, after three waves down and three waves back up, the question now is whether the corrective bounce is […]
Over the past 24 hours, we have seen a 5% jump to $40.8K. Yesterday, the formal trigger for bitcoin buying was reverting US stock indices in the New York trading session to the upside. Also noteworthy is the increased amplitude of growth in the hottest cryptocurrencies , gaining more than bitcoin. Bitcoin fills the demand […]
Monday began with a further 3.3% drawdown in bitcoin to $38.9K, which had fallen below its support line since January. The signal for a break of the mild upward trend would be a consolidation below the $38K levels. The cryptocurrency fear and greed index lost 4 points to 24 by Monday, returning to “extreme fear” […]
Even though a short-term pump pushed BTC up by 2% on April 13, the coin still traded at $39,788.07 at press time. The 200-day moving average, around the $47,000 level, has acted as a strong resistance. This bearish turnover came after a modest price break-out from the multi-month consolidation range that was established in mid-January. […]
