This region has already proved itself as reversal territiory. Everytime there has been an obvious bearish candlestick reversal with clear exhausted spinning top formations. With today's gap up and lack of momentum so far, might this be the sign of a corrective movement down?
Arbitrary as it is the chart speaks for itself, lads. We've had a nice bounce but 200MA and the previous bull trend line blocks us from further progressing it would seem.
Litecoin's ATH on coinbase reached around $420 in accordance with Bitcoin hitting it's ATH of course. It's mega bull run boosted it by 700% in 35 days. Charlie Lee and the Litecoin Foundation are prioritising the adoption of the coin and the number of platforms and merchant processors supporting LTC is increasing. As a result, I feel that once the cryptocurrency...
The demand for BNB as a currency is centered around it's functionality on the Binance exchange and the exclusive benefits it includes when using it on the exchange. For the first year Binance traders get a 50% reduction on fees using BNB which starts to decrease into the second and third year before stopping completely. Binance Coin is relatively new to the scene...
Bitcoin has been correcting for 50+ days and many have been waiting for some light at the end of the bearish tunnel. We've seen a significant rally from 6k-8k in the past day or so bouncing roughly off a linear long term trend line I drew. Personally I feel this inverse H&S may well play out as there could be some resistance in passing the 9500 region. Completion...
I'm new to this so any feedback would be appreciated :). Ascending triangle shape forming that pinches around the previous all time high region. A break out on the upside could see us bull to the 100 mark and beyond gaining more investor attention.