Key Points Bitcoin gold price is slowly recovering and is currently trading above the $200 level against the US Dollar. There is a key bearish trend line forming with resistance at $250 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair may continue to move higher, but it could face sellers near … Continue reading Bitcoin Gold Price Technical Analysis – BTG/USD Approaching Key Support
The demand for secure crypto storage is almost as high as the demand for the assets themselves. Only a few companies at the moment are offering solid secure offline storage devices for cryptocurrencies and they are selling out like hot cakes. Ledger is one such company and it has just secured its second round of … Continue reading Ledger secures $75m for crypto security
Key Highlights Ripple price managed to move further higher and it broke the $1.50 resistance against the US dollar. There is a short-term bullish trend line forming with support at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is placed nicely above the $1.45 and $1.50 levels, and … Continue reading Ripple Price Technical Analysis – XRP/USD Settles above $1.50
Safe from stagnation at key resistance levels, most alt coins are inching higher. From price action, DASH recovery looks to be on course as buyers push prices higher. This was likely to happen. Relative to other coins, DASH bore the wrath of sellers after that serious dip to as low as $600. Despite the rosy … Continue reading IS DASH RECOVERY ON-COURSE OR SELLERS ARE ANGLING FOR ENTRIES?
Key Highlights ETH price started a decent upside recovery after trading as low as $753 against the US Dollar. There is a major bearish trend line with resistance at $1065 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is struggling to break the $1070 and $1085 resistance levels and is slowly … Continue reading Ethereum Price Technical Analysis – ETH/USD Facing Crucial Resistance
Key Points Bitcoin cash price recovered well from the $1340 low to well above $1700 against the US Dollar. However, this week’s highlighted crucial bearish trend line with current resistance at $1900 is preventing gains on the hourly chart of BCH/USD (data feed from Kraken). The pair needs to overcome selling pressure around the $1900 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Holding on to Gains
Bitcoin Price Key Highlights Bitcoin price looks ready to resume its slide as the descending trend line on the 1-hour time frame is keeping gains in check. This lines up with Fibonacci retracement levels that add to its strength as a ceiling. A continuation of the selloff could lead to a test or break of … Continue reading Bitcoin Price Technical Analysis for 01/19/2018 – Sellers Returning?
We are closing in on the end of another session out of Europe on Thursday and once again there’s plenty to discuss in the bitcoin price. Things have been pretty volatile this week so far (well, pretty volatile is something of an understatement) and we’re currently looking at a substantially weakened price as compares to … Continue reading Bitcoin Price Watch; Here’s Where We Are Looking This Evening
ETH/USD Ethereum rallied a bit during the trading session on Thursday, after bouncing from a significant trend line. It did struggle at the $1100 level from what I see, so having said that I am a bit cautious. If we can break above the $1100 level, then I think we could go bit higher, perhaps … Continue reading Ethereum Analysis January 19, 2018
BTC/USD Bitcoin has been absolutely pummeled over the last couple of sessions, but during the trading session on Thursday, we are starting to see an attempt to rally. By breaking above the $12,000 level, we have a potential reversal happening, but I would be very cautious about this, as it could be a “bull trap.” … Continue reading Bitcoin Analysis January 19, 2018