BTCUSD Remains In Uptrend From 5020
BTCUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 5020. As long as the price is in the channel, the pullback from 7887 could be treated as consolidation of...
Tag: Bitcoin
Why Bitcoin can pullback from $6100 – $6800?
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings...
Bitcoin Runs In Two Price Channels With Different Time Frame
The BTCUSD trades within a rising price channel with support at its bottom around 5110 on the 4-hour chart, indicating that the price remains in the uptrend from 2970. As long as the price is in the...
Cryptocurrencies Short Term Update 09.21.2017
Cryptocurrencies: Bitcoin & Ethereum Short Term Analysis The leading cryptocurrencies BTCUSD & ETHUSD rallied up from 09/15 low in a 3 waves Zigzag structure which ended wave (1) as part of an expected 5 waves diagonal to the upside. Both instruments is now doing a...
Bitcoin “Deja Vu” corrective sequence
Since June peak at $3000, Bitcoin lost 35% of it’s value driving the rest of the cryptocurrency market into chaos as 1st August is approaching which is scheduled to trigger activation of Segregated Witness (SegWit) and could lead to...
Bitcoin Is Facing Key Support At 1737
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27...
Bitcoin Is Forming A Triangle Pattern
After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the...
Next Elliott Wave Target for Ethereum ETHUSD
There has been a lot of headlines lately as the world’s new favorite cryptocurrency Ethereum (ETHUSD) soared +5,000% in value before the price dropped and it’s currently still up over 3,500%. Ethereum was only developed two years ago while bitcoin’s...
Next Elliott Wave Target for Bitcoin BTCUSD
Bitcoin is still considered as the currency of the Dark Web, despite the fact that it was the world’s best performing currency in 2015 & 2016 and currently 1 Bitcoin (BTCUSD) is worth 2 Ounces Of Gold which is significantly...
Can Ripple catch the rally of Bitcoin & Ethereum
Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. It’s distributed financial technology allows banks to efficiently settle transactions in real time. An alternative to today’s global payment infrastructure, Ripple eliminates time delays and ensures...