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Bitcoin and Altcoins Struggle to Gain Bullish Momentum
24.2.2020
Bitcoin climbed above the USD 9,850 resistance recently, but it failed to continue higher above the USD 10,050 resistance. As a result, there was a sharp decline in BTC/USD below USD 9,850. The price is now (09:00 UTC) trading below USD 9,800 and it could revisit the USD 9,650 and USD 9,550 support...
Monero Appears Midway as it Tries to Gain Momentum and Support
18.2.2020
Monero, at the time of writing this analysis, was trading at $84, after correcting down from a fresh 90-day high marked at $97 XMR/USD holds a “death crossover” as the 200-day MA crosses above 50-day MA indicating a bearish trend ahead The consistent higher high trend takes a break as the price...
Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner
14.2.2020
Oil companies are trialing blockchain to slash costs and increase security — “More than 40% of executives in oil and gas sector are considering blockchain.”
NEO Fails to Gain Momentum and Nosedives from $14.3
11.2.2020
NEO, at the time of writing the analysis was seen correcting downwards after hitting above $14.3 in the past trading week NEO/USD hits the lower 20-day Bollinger Band as it slides downwards gaining immediate support from the 10-day daily MA The coin appears bearish due to intraday pull back and...
Bitcoin and Altcoins Surging, Market Gathering Bullish Momentum
6.2.2020
After forming a strong support base above USD 9,200, bitcoin price started a fresh increase above USD 9,350. BTC/USD gained bullish momentum and surpassed the USD 9,550 and USD 9,650 resistance levels. The price traded close to USD 9,750 and it is currently (09:00 UTC) showing positive signs.
Also...
Wendy McElroy: The Narrative and Philosophy of Cryptocurrency
5.2.2020
“The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have grouped up to assess potential use cases for digital currencies. Talk of such currencies gained momentum after Facebook announced plans last year to introduce a cryptocurrency called libra,” – CNBC....
Pullback ahead? Bitcoin Price Indicators Suggest Waning Bull Momentum
4.2.2020
Bitcoin's technical charts are indicating temporary bull fatigue and hinting at stronger price pullback ahead
Bitcoin Corrects Lower While Altcoins Gain Bullish Momentum
31.1.2020
Recently, bitcoin price climbed above the USD 9,450 and USD 9,500 resistance levels. However, BTC/USD failed to continue above USD 9,550 and topped near the USD 9,600 area. It is currently (09:00 UTC) correcting lower and it seems like the bears are eyeing a test of the USD 9,250 support.
On...
Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?
29.1.2020
Buying the currency that gained most in price today will lead to a greater cumulative return than buying the dip for top-20 cryptocurrencies
Bitcoin Bulls Seek Stronger Move After Bounce to $8.8K Loses Momentum
22.1.2020
Bitcoin continues to defend key support, but a sustained move above $8,750 is needed to revive the short-term bull case
Ether, XRP, and DASH Push Higher as the Altcoin Market Gains Momentum
21.1.2020
Bitcoin Cash, DASH, Ether, and Ethereum Classic all posted double-digit gains over the past week, suggesting that the altcoin market is ready for a strong upward movement
Bitcoin Climbs To New 2020 High, Altcoins Gaining Bullish Momentum
17.1.2020
After a short term downside correction, bitcoin price found support near the USD 8,550 area. Later, BTC/USD started a fresh increase above the USD 8,650 and USD 8,850 resistance levels. A new 2020 high is formed near USD 9,000 and the price is currently (09:00 UTC) trading with a bullish...
VeChain (VET) Plunges to $0.0052; Lacks Momentum and Active Support
10.1.2020
VeChain, at the time of penning down this analysis, was trading at $0.005263. Earlier this week, we had seen Bitcoin and most of the major altcoins soaring with a good height. However, we do not see the same momentum in that of VET coin as it could only mount at $0.0057. Accordingly, there has been...
Bitcoin Retraces 45% of Recent Price Gains as Bulls Lose Momentum
10.1.2020
Bitcoin has erased 45 percent of recent gains in what appears to be a low-volume pullback
Bitcoin Gaining Bullish Momentum, Altcoins Outperform
6.1.2020
Bitcoin price is showing a lot of positive signs above the USD 7,350 and USD 7,400 resistance levels. Once BTC/USD settles above USD 7,550 and USD 7,650, it could set the stage for an upward move towards the USD 8,000 and USD 8,200.
Besides, most major altcoins are gaining traction and rising with...
Binance Coin Exhibits Upside Momentum; Price Likely to Breach $14
3.1.2020
The crypto market is spotted with moderate uptrend from the beginning of the day. The first few hours were sluggish, but later the traders spotted substantial improvement on the price chart. The upsurge was speculated from the previous year itself. The uptrend is likely to stick around for a while....
XRP Remains Stuck to $0.19 Area; Lacks Momentum to Have a Breakout
2.1.2020
XRP, at the time of writing, was trading at $0.190. The coin has been maintaining this trading range for quite some time now. The stated price area is acting as both resistance and support, as the coin moves directionless at present. A further move will rightly help to justify the support...
Bitcoin and Altcoins Gaining Bearish Momentum
17.12.2019
In the past two sessions, there was a sharp rise in selling on bitcoin below the USD 7,200 support. As a result, BTC/USD declined heavily and broke the main USD 7,000 support area. It tested the USD 6,850 support and is currently (09:00 UTC) consolidating losses.
Also, there was a nasty decline...
Bitcoin and Altcoins Could Gather Bearish Momentum
16.12.2019
This past week, bitcoin price remained in a downtrend and settled below the key USD 7,250 and USD 7,200 support levels. The same levels are now acting as hurdles for the bulls and BTC/USD is struggling to stay above the USD 7,000 support area.
Similarly, many major altcoins are declining and facing...
EOS Lacks Momentum; Trades Below 23.60% Fib Level
14.12.2019
EOS consolidates around $2.60 after having maintained an almost stable movement since the past four days now The coin lacks support from the major moving averages viz., 50-day and 200-day EOS price trades with immense selling pressure as it lacks the momentum to rise and face resistance around...