


Bitcoin_Analyzer
Past Performance of Bitcoin Bitcoin prices are lower when writing, dropping from yesterday's lows as gains of May 28 are strongly reversed. Even though the upside remains, at least from a top-down preview, the loss below FWB:27K should be a concern for holders. For now, conservative traders should track how today's close will be. If it closes below FWB:27K ,...
Past Performance EUR price crashed on May 31, dropping to as low as $1.0626. However, the long lower wick at the end of the session could provide a glimmer of hope for bulls. Presently, the downtrend remains, and USD bulls are emphatic. As it is, the Euro is down 3.6% from May 2023 highs. #EURUSD Technical Analysis EUR prices remain in range at spot rates but...
Past Performance The reprieve of Euro bulls was quickly reversed on May 31 as the sharp liquidation ended attempts for higher highs and reversed gains. As it is, sellers are back in the picture, and yesterday’s highs at around $1.0760 will act as the liquidation line and resistance for aggressive short sellers. #EURUSD Technical Analysis The path of least...
Past Performance of Bitcoin Bitcoin prices are down but firm when writing. Although there has been no confirmation of recent gains, bulls have been holding on, keeping prices within the May 28 range. Moreover, the immediate trend is bullish, with the wide engulfing bullish bar of the weekend shaping the current trend. As it is, BTC has resistance at around $28.3k...
Past Performance of Bitcoin Bitcoin remains within a bullish formation, visible from the daily chart. Even though the upside is capped and there has been no confirmation of the May 28 bull bar, the path of least resistance is upwards, at least reading from the current candlestick arrangement. Immediate support is between FWB:27K and $27.5k, and the middle BB on...
Past Performance From the EURUSD daily chart, it is evident that sellers are in control, taking charge. USD bulls have been relentless, and at this pace, EUR prices may easily slip to $1.0500, retesting March 2023 lows. Notably, the banding of bars along the lower BB suggests that the selling momentum is strong, indicating that there could be more losses in the...
Past Performance Bitcoin prices are up eight percent from recent lows when riding, breaking above FWB:27K and $27.5k, two of last week's resistance lines. At this pace, there are hints that BTC bulls are building momentum. However, whether this will continue depends on how prices close. A sharp close above $27.5k, confirming yesterday's gains, would likely lift...
Past Performance Euro is bearish, and gains on May 26 were turbulent, supportive of sellers. However, with a doji forming and prices trending below $1.0760, there are hints that sellers could press on. Thus far, prices are around last week's lows at $1.0700 and could break lower in spite of today’s gains. #EURUSD Technical Analysis The short-term trend favors...
Past Performance of Bitcoin Bitcoin is down but steady, looking at price action in the daily chart. There are attempts of higher highs in the lower time frames, but the downtrend remains. As it is, primary resistance levels remain at May 24 highs at around FWB:27K and $27.5k. #Bitcoin Technical Analysis The path of least resistance is southwards, and BTC is...
Past Performance Sellers are unrelenting, and yesterday marked another day of extension. Prices edged lower as the Euro slipped in a bear trend continuation formation. The downtrend remains, and the upside has resistance at around $1.0760, marking March 19 lows. #EURUSD Technical Analysis Bears dominate, and EURUSD is in a breakout formation, confirming last...
Past Performance of Bitcoin Bitcoin prices ended up higher yesterday but closed with a long upper wick suggesting a sell-off in lower timeframes. This was confirmed with the spill off today, forcing prices lower. Moreover, while there were notable gains, associated trading volumes were lower than expected. Therefore, although bulls are optimistic and expecting...
Past Performance The immediate trend is resoundingly bearish and is apparent in the daily chart. Despite earlier attempts by Euro bulls, gains were quickly reversed as USD pressed on. As it is, there may be more losses today as price action aligns with last week's trend. #EURUSD Technical Analysis The sharp drop on May 24 shows that USD bulls are firmly in...
Past Performance Euro prices edged higher on May 22. However, bulls didn't peel back the losses of May 18. As such, the downtrend remains, and the bearish bar of the second half of last week shapes the immediate trend. Resistance remains at around $1.0840 while support is at $1.0760, marking May 19 lows. #EURUSD Technical Analysis Price action remains tepid,...
Past Performance of Bitcoin Apart from today’s gains, there are no major changes on Bitcoin, and prices remain within a trade range in a possible distribution or accumulation dictated by the breakout direction. Presently, BTC is limited to the upside at $28.3k while prices are bouncing above the $25.8k support level. #Bitcoin Technical Analysis The path of...
Past Performance of Bitcoin The horizontal consolidation of BTC prices below $28.3k continues. As it is, the sideways movement is within a leg down. Because of this, sellers are in control in the immediate term. This preview is, nonetheless, forming within a broader bull formation defined by the solid gains posted from mid-March 2023. Technically, watchers should...
Past Performance Euro prices are low when writing, but following last week's close, there is hope for bulls. Specifically, the rejection of lower lows means prices are now within the bear bar of May 18. The immediate reaction levels to watch are $1.0850 and $1.0760, marking the recent climactic bar's trade range. #EURUSD Technical Analysis The path of least...
Past Performance of Bitcoin Bitcoin prices are wavy, looking at how prices have been moving in the past two trading days. After the coin posted encouraging gains on May 17, yesterday's losses forced the coin lower, wiping gains and swinging price action back to bearish territory. Overall, the downtrend set in motion from late April 2023 remains. #Bitcoin...
Past Performance The Euro is dumping hard. From the daily chart, sellers are stepping up their liquidation, forcing the coin. Although yesterday's losses could be climatic, the bar is wide-ranging and defines the upcoming EURUSD price action. As it is, not only can traders target $1.0730 but also set sight on $1.5000 in days ahead. #EURUSD Technical Analysis...