tokenmetrics

tokenmetrics

Bitcoin saw a bounce after its attempt at the 9.5k level. We are currently seeing a lot of indecision. The last 24 hours prices movements have been extremely choppy, buyers and sellers trying without success to get the upper hand. As we are sitting above the 9.8k - 10k zone, institutional funds have been surprisingly quiet. As a reminder, those funds are...

tokenmetrics

Contentos showed an impressive strength against Bitcoin, rising 35% during the last 24 hours. The coin has been able to build a short-term trend line where it is building a bullish pattern targeting the near resistance level at 430 satoshis. It remains to see if Contentos will be able to break through this resistance level. As volume remains low and stochastic...

tokenmetrics

Ethereum keeps falling steadily against its Bitcoin counterpart. The coin was able to bounce during the last days and even break through its long-term downtrend. However,buyers were unable to sustain the bounce and sellers were able to bring the trend back below the downtrend, forming a bull trap. This short-term sell-off is backed up by a rising volume, showing a...

tokenmetrics

As expected, Bitcoin kept rising following his rebound on the resistance cluster formed by the junction of the 9.8k support level and the uptrend. The follow-through is a bullish signal for Bitcoin prices, buyers being able to maintain a buying pressure as Bitcoin is aiming toward the $11k resistance level. We have been seeing an increase in buying volume on the...

tokenmetrics

Dusk prices have soaring against Bitcoin. The coin has been able to manage to breakthrough every one of its resistances. This is a very good sign for the coin to be able to attract buyers within an environment where altcoins are suffering. However, the current movement has gone parabolic and the trend is now stretch, overextended. This could lead to some profits...

tokenmetrics

Ethereum saw a massive decline against Bitcoin, buyers unable to maintain buying pressure nor defend the former downtrend breakthrough. Prices sharply fell back under the downtrend, forming a very bearish bull trap. The lack of buying pressure after this fall is indicating more weakness to come. Sellers are in full control, therefore, we expect Ethereum to head...

tokenmetrics

BTC suffered from a sharp downward movement, breaking through the $11k support level. Prices saw a bounce around the $9.5k level as buyer were able to defend the uptrend line and managed a close above the $9.8k major support level. Volume has been rising with this last movement but we are still far from previous levels. This rebound is a bullish sign as it...

tokenmetrics

Bitcoin Cash showed a strong gain yesterday with a +10% gain against bitcoin. The pair has managed to break through its short-term downtrend. Current upward movement was back up by a strong increase in volume indicating the presence of buyers. However, the pair is not out the woods as the pair has been evolving in a steep downtrend, making lower lows and lower...

tokenmetrics

Finally some relief for ETHBTC, the #2 managed to break through its downtrend and is now heading toward its former support, now resistance, at 0.02. As we are experiencing a short-term pullback in Bitcoin's dominance from a multi-year high at 70%, we are seeing some wealth transfer from Bitcoin to Ethereum and the altcoin sphere, finally propping up Ethereum who...

tokenmetrics

Bitcoin broke down the $11k level and is now drifting lower toward the $9.8k support level. Volume levels are still low and do not seem to want to pick despite the fall. This low volume context implies that this drift was induced by retail traders and not by institutional ones. Retail traders' impatience has been growing lately while bitcoin was stuck within its...

tokenmetrics

DUSK shined today, ending up with a very strong +40% gain against Bitcoin. After breaking out of its downtrend last week, the coin suffered from a strong pullback but managed stay afloat as buyers defended the 840 sat support level. Since then, with increasing volume to back them up, buyers have been able to reclaim lost supports such as the 1100 sat and the 1370...

tokenmetrics

Following a shy bounce from the year lows at 0.0177 BTC, Ethereum is back on the red track. Buyers weren't even able to create enough momentum to test its downtrend resistance. Sellers are in full control and do not seem ready to step out. Volume is decreasing as well as volatility, hurting the bulls case. There is still no sign of a reversal coming soon. As...

tokenmetrics

Nothing new today for Bitcoin, the coin is still stuck between its downtrend resistance and the $11k level, both fiercely defended. We are witnessing a consequent decrease in along with volatility and as a matter of consequence Bitcoin's trading range. Institutional funds that kept feeding the Bitcoin's soaring prices since the beginning of the year seem to be...

tokenmetrics

Crypto.com Chain has seen some resilience, up by 16% while altcoins were suffering from the Bitcoin's alway growing dominance over the cryptosphere. However, the coin is now facing a downtrend resistance that keeps capping any attempts made by the buyers to prop up the coin. After two strong rejections over the last 2 months and lower lows, Crypto.com is heading...

tokenmetrics

Every day looks the same for Ethereum which keeps struggling against Bitcoin. The number 2 has been literally bleeding since the beginning of the number, unable to create any sustainable rebound. Despite the stochastic crossover, which could indicate a bullish signal, we expect the rebound to be short-lived as sellers are still in full control. Bitcoin's dominance...

tokenmetrics

Bitcoin continues to evolve between the $11k support level and its short-term downtrend as we expected. During the last days, the buyers were able to build short-term higher lows which could have led to an upward breakout. However, the volume is still not there, therefore impacting the prices' momentum. As a result, Bitcoin recently broke down of its short-term...

tokenmetrics

DUSK dominated the altcoins market today showing an incredible 70% gain against its Bitcoin counterpart. This move is sustained by a strong increase in volume's momentum. We have to take into account the fundamental fact that DUSK has just been listed on Binance on July, 7th. Following a strong decrease, an impressive but normal initial to a coin listing, we are...

tokenmetrics

Nothing new for the number 2 coin. Ethereum pursues its way down against Bitcoin. Its drift lower pushes the pair toward new year lows on a daily basis with no buyer insight to give ethereum some relief. Unlike the previous years, 2019 Bitcoin's uptrend has been fueled by institutional funds. Those funds are now using Bitcoin as a hedge against a possible...