DASH/USD DASH continues to look very choppy with a slightly negative bias. We have found a bit of support at the $192 level, but now it looks as if crypto currencies in general are softening a bit. Because of this, I would be on the sidelines when it comes to this market as the US […]
Hello and welcome to News BTC’s Market Outlook Aug 16. ETH/USD Ethereum fell a bit during the day on Tuesday, as we are now testing the $280 level. I believe this is an area that should offer a significant amount of support, so we break down below there that could be very negative sign, perhaps […]
Hello and welcome to News BTC’s Market Outlook Aug 16. BTC/USD The BTC/USD pair initially tried to rally on Tuesday but then started to fall apart as the US dollar continue to strengthen overall. This was due to stronger than anticipated retail sales, which ups the possibility of a rate hike. Because of this, the […]
Bitcoin price is forming a head and shoulders pattern on its 1-hour time frame to signal a potential selloff. The post Bitcoin Price Technical Analysis for 08/16/2017 – Head and Shoulders Forming? appeared first on NEWSBTC.
Key Highlights Ethereum classic price failed to hold the $14.00 support area against the US Dollar and moved down. There are two bearish trend lines forming with resistance at $13.60 and $14.00 on the hourly chart of ETC/USD (Data feed via Kraken). The price may struggle to move higher and could even trade towards the […]
Key Points Bitcoin cash price remained in the bearish zone below the $310 level against the US Dollar. Yesterday’s highlighted crucial descending channel pattern with current resistance at $311 on the hourly chart of BCH/USD (data feed from Kraken) is intact. The price may continue to decline and might fail on rallies towards $310-320. Bitcoin […]
So, the correction is here but don’t panic. As we noted in this morning’s coverage, we were well overdue a near-term correction in the bitcoin price and so long as wider markets don’t panic and sell off their longer-term holdings in anticipation of a deeper decline, everything will be all right. We managed to jump […]
On a few occasions over the last week or so I have highlighted the potential for some degree of correction in the bitcoin price. When open market assets, whatever sort they are, run up to the degree that bitcoin has over the last month or so, the run can only last so long. At some […]
Key Points Bitcoin cash price continued to move down and currently trading below the $320 level against the US Dollar. There is a crucial descending channel pattern with resistance at $315 forming on the hourly chart of BCH/USD (data feed from Kraken). The price may extend its decline and might soon test the $275 support […]
Bitcoin price seems unstoppable in its rally as it sets it sights on new highs closer to the $4850 mark. The post Bitcoin Price Technical Analysis for 08/15/2017 – More Upside Targets appeared first on NEWSBTC.
MobileGo tumbled against bitcoin and ethereum as these managed to take the lion’s share of the cryptocurrency rebound. The post MobileGo Price Technical Analysis for 08/15/2017 – Big Moves Sighted! appeared first on NEWSBTC.
It’s Monday morning and we are off on a fresh session of trading in the bitcoin price. Last week, we were focused on the various resistance levels that price had broken throughout the daytime sessions and we highlighted 4000 flat as a level to keep an eye on over the weekend. Specifically, we suggested that […]
Ari Paul, the chief information officer and managing partner of BlockTower Capital, believes liquidity for institutional investors and professional traders within the bitcoin and cryptocurrency markets will drastically increase in the upcoming months. Recently, Coinbase, the largest bitcoin wallet and trading platform in the world, raised $100 million at a $1.6 billion valuation. One of […]
Key Highlights ETH price after trading as low as $286.13 against the US Dollar started a short-term correction. There was a break above a steep bearish trend line with resistance at $293.50 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might continue to move higher and could even test a major […]
Key Highlights Ethereum classic price continued to move lower and traded below $14.80 against the US Dollar. There is a crucial connecting bearish trend line with resistance at $14.80 forming on the hourly chart of ETC/USD (Data feed via Kraken). The price might correct higher towards $14.80-15.00, but upsides are likely to face hurdles. Ethereum […]