dennisdaiber

dennisdaiber

Bitcoin tested a 200-day moving average, but was not able to close above it, that led to a 6% correction. The is a support level at $8,400, which is a 50% Fibonacci Retracement.

dennisdaiber

We should also take a closer look at the rising wedge on a 4-hourly chart. BTC tested the resistance line 3 times and if it finally breaks above it, then it can be a very bullish signal and cross the 200 daily. However, at the moment of writing BTC is re-testing the support level that could it play out in either a bounce back to the upside or breaking out of the...

dennisdaiber

Ether is recovering nicely, after a prolonged slump and gained back over 30% since the beginning of the month. The RSI is reaching the overbought territory, that might indicate an upcoming correction. However, there is an appealing target at 180$ level, where VPVR peaks on a daily chart and that aligns with a 200-day moving average. In other case, there is a...

dennisdaiber

Right now the 200-day moving average serves as a resistance that bitcoin is reaching to test. VPVR also indicates that there is a very little volume that is usually traded at the current price. So, we might expect BTC to slip back down to $8700-8600 for support or break above the psychological level at $9,000.

dennisdaiber

Bitcoin broke out of the long stretched downward trending channel and passed through resistance level on a daily chart. It seems like BTC might close the weekly candle above the $8,000 price point, which would be a confirmation for a trend reversal.

dennisdaiber

Bitcoin dominance falls back significantly, as altcoins are gaining momentum. Ether went up over 10% against bitcoin in the past 4 days. Dash after a massive 150% spike is experiencing a correction, yet at the moment of writing costs 0.0138BTC. Litcoin is also gaining value against bitcoin, reaching 20% growth. According to Tradingview calculations bitcoin...

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This has also been a good time for altcoins, especially for DASH that went up almost 60% with 5 consecutives green candle days in a row. Part of the reason for such a growth is assigned to a successfully launched Evolution Testnet, an upgrade that has been long awaited. Another reason could be a high demand and usage of DASH in Venezuela, where financial and...

dennisdaiber

Today Bitcoin reached $8,500 mark and it’s a 6% growth at the moment of writing. BTC broke above key resistance levels and keeps heading upwards. One of the explanations for a massive growth is the launch of options on bitcoin futures on CME. This is something that has been anticipated for a long time.

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Following the BTC price, other cryptocurrencies are also heading down. ETH has fallen 8% since it’s peak at $147, XRP went on 11% decline and Litecoin is down 9%.

dennisdaiber

After bitcoin price went up 22% over the past week and reached its peak at $8,400 , it has since experienced a 9% correction. BTC tested and got rejected by the 20 week moving average, this is also where a 50% Fibonacci Retracement lies. The price is currently at the important $7,750 support level, which if it won’t be able to hold could fall back to $7,200 until...

dennisdaiber

After bitcoin price went up 22% over the past week, it is currently experiencing 80% correction. BTC tested and got rejected by the 20 week moving average and now 50 day moving average is providing a support.

dennisdaiber

In the meanwhile XRP has experienced a massive 15% spike within a day. Prior to that the price has been on a consistent decline since November last year. After such a drastic growth follows the expected correction. The price is sliding down to 0.21660 at the moment of writing. The significant surge to the upside is mostly explained by Binnance launching XRP...

dennisdaiber

On a 1hr chart, there is what seems to be a bull flag forming, that makes trades speculate weather BTC has enough strength to go to the $8,200 target.

dennisdaiber

Bitcoin price went up over 16% over the past 5 days, reaching $8,000 mark. BTC also finally broke out of the descending channel in bulls’ favor. The 20-day moving average is about to cross 50-day one, giving us a bullish signal. However, so far the spike in price has not been supported by a significant volume.

dennisdaiber

After yesterdays’ 5% plunge, BTC rapidly gained 6% within 3 hours reaching $7,200. The $400 price change could be explained by a short squeeze and $16 million worth of bitcoin short positions were liquidated on Bitmex. This brought BTC back from the oversold territory on an hourly RSI.

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On a weekly time frame bitcoin remains within a falling wedge pattern, getting closer to the point of breakout. The break to the upside would require some momentum to pass through 20 weekly moving average resistance level.

dennisdaiber

Bitcoin price went up about 9 million % since inception, making it the best investment of the past decade. Mainstream media, like Bloomberg are picking up the topic again further spreading the word and awareness. Looking at the monthly chart, the last candle of the year closed above a major support level provided by a 20-day moving average. Going below that...

dennisdaiber

Bitcoin price went up about 9 million % since inception, making it the best investment of the past decade. Mainstream media, like Bloomberg are picking up the topic again further spreading the word and awareness. Looking at the monthly chart, the last candle of the year closed above a major support level provided by a 20-day moving average. Going below that...