The last day was not successful for Bitcoin: its price fell from $11,750 to $11,100, which means the fall was about 6%. Now the rate has slightly adjusted and at the moment Bitcoin is trading at level $11,350. Trading volume in connection with this event has increased slightly and amounts to $26 billion. Earlier, we have already warned that we are waiting for the...
Ticker: MATIC / BTC Buy: 0.00000225 - 0.00000235 Stop Loss: 0.00000214 Targets: 0.00000270 - 0.00000300 - 0.00000400 In early August, Matic was on strong support level, where we noted accumulation in previous times. After this, we saw a breakdown of the downtrend with followed a retest. The price has confidently entrenched at new levels. An additional factor for...
ERD / BTC Buy: 0.00000162 - 0.00000158 BTC Stop Loss: 0.00000146 BTC Targets: 0.00000181 - 0.00000201 - 0.00000219 The project has been actively growing in the last 3 months. For many indicators, there has been significant unloading. Now the ERD price is testing the upper border of the descending triangle. Additionally, the project yesterday announced the...
Over the past 24 hours, the Bitcoin price continued to fluctuate in the range of $11,700 - $11,900, and a slight increase (+1%) can be called a sideways trend. Volatile decreased sharply and reached $220, which is less than 2%. This is an extremely low value for bitcoin. Trading volumes also stand still and do not exceed $21 billion per day. The Bitcoin price...
Bitcoin price dropped by 5% over the past day and returned back under the $12,000 level. But the trading volume continues to remain at the same level - about $25 billion per day. And this is very alarming because the volatility has returned, but the activity of the participants has not. All it can only indicate that at the current moment the market is driven...
We have already noted twice this week that there is a high likelihood of Bitcoin dropping to $11,000. This was indicated by numerous factors, including bearish divergences formed on the indicators. And although we have not yet seen this mark, yesterday Bitcoin fell very close to this level - by $11,125. Now RSI and Stochastic are well unloaded from the peaks and...
TRX / BTC Buy: 0.00000178 - 0.00000182 Targets: 0.00000196 - 0.00000230 - 0.00000250 Stop Loss: 0.00000161 Justin Sun recently announced that BitTorrent is now DeFi. He will be promoting this fact very strongly and this will greatly affect Tron. In addition, TRX has been in a wide consolidation zone for 9 months. It is near a strong support level of 180...
Important to note that BitTorrent will now be officially recognized as DeFi. Considering how much growth this segment has been experiencing recently, we can say that this will also affect BTT. Also, one cannot exclude the factor of Justin Sun, who will be trying with all of his might to jump into the trend history of DeFi. BTT itself is in a clear uptrend....
Starting from the end of August, we see a strong uptrend that was been stopped at $12,100. During this time, a bullish wedge reversal pattern has formed on the chart. Given its structure, we can expect a decline to $9,600 within a few weeks. Stochastic indicator is in the overbought zone and is forming a small bearish divergence. The unloading of the indicator...
Over the past 24 hours, the bitcoin price continued to remain in the range of $11,100 - $11,300. Trading volumes have also remained unchanged at $ 20 billion. Calm returned to the market and volatility decreased. This indicates that most participants are still not sure whether to expect growth or decline from bitcoin. At the moment, the chart is in a descending...
Yesterday, at 13.00 UTC, the Ethereum test network switched to the PoS algorithm. This event was expected for several months. However, the market reacted very calmly. Ethereum's price remained at around $390. Now ETH has entered a phase of consolidation, which was badly needed after growing by 50% over the past 10 days. However, we have not yet seen a real...
Today, the Ethereum test network is to be switched to the PoS algorithm. In this regard, high volatility is expected. 1. We see that a rising wedge has formed on the chart, which usually signals a further decline. 2. In addition, we see that the RSI and Stochastic indicators are in the overbought zone. 3. MACD also shows signs of a trend reversal. All of this...
The last 24 hours have passed without major changes for Bitcoin. The price broke through the $11,000 level several times but declined again. Market activity also decreased and many are awaiting a denouement. No serious news came to the market, so the upcoming movement fits into the framework of technical analysis and past news. On the hourly timeframe, the...
Bitcoin has finally woken up and confirmation of this can be seen on the chart. During the day, its price increased by 8% and reached the level of $11,394. Trading volumes also skyrocketed to $35 billion according to CoinMarketCap, which we haven't seen since mid-May. What to expect from bitcoin now? After the breakout of the ascending triangle at $10,300, the...