Bitcoin a Buy? Still no.

That’s quite a bold article title. We’re not saying that Bitcoin isn’t a worthwhile investment for the long term, but in the short term there are some signs of further downside still. Looking at the year to date chart (start of 2022 to now) the bearish market trend is all too obvious. Since opening theContinue reading “Bitcoin a Buy? Still no.”

Bitcoin Teetering At Between Support Pivot & MA Resistance

The Crypto King, Bitcoin, has dropped below the $40,000 mark again. Price broke below the 50 and 100 day supports yesterday, closing the day down -$3197 (7.54%) from the daily high. Despite the sell-off Bitcoin bulls still have a few reasons to remain hopeful. The first is that during todays trading price has held aboveContinue reading “Bitcoin Teetering At Between Support Pivot & MA Resistance”

Crypto.com Partnership to Send CRO on a bull run?

Crypto.com have been crushing it lately. Over the last two weeks they have announced that they are the main sponsor of the FIFA World Cup Qatar 2022, and a new partnership with Cardlytics, a cash back rewards platform. Is it a great time to buy CRO (Crypto.com’s coin)? It just might be… Crypto.com and FIFAContinue reading “Crypto.com Partnership to Send CRO on a bull run?”

Q1 Close – Crypto Market Recap

In Q1 we saw some very bearish action for a lot of cryptocurrencies, and one of the bigger losers, Cardano (ADA), dropped around 40% during Q1, before making a recovery. Towards the end of the quarter cryptocurrencies made significant recoveries, with Bitcoin trading back into the quarter open level. Below you can see how Bitcoin,Continue reading “Q1 Close – Crypto Market Recap”

ADA/USD Downside – 30 March 2022

Cardano is at the YTD open price, which we anticipate to act as a resistance. Technically price is also at a support / resistance structure, and the stochastic and RSI are both at overextended levels. Downside target: $0.70 Violated above: $1.40 Entry: At market.

Crypto Appears Bullish As US Lawmakers Introduce “ECASH” Bill

Crypto holders globally have been excited with the recent upturn in popular cryptocurrency markets. A group of US lawmakers have declared that the US Treasury Department may be the right entity to create a digital dollar – not the Federal Reserve. The “ECASH” bill (introduced 28/3/22), as it is being branded, would authorize just that.Continue reading “Crypto Appears Bullish As US Lawmakers Introduce “ECASH” Bill”

LTC/USD DOWNSIDE PENDING NOW!

LTC/USD has traded into a key resistance level at the $100 mark. We’re looking for price to bounce from this price towards the downside. Technically price is holding the downtrend, and the $100 figure has been a support / resistance level historically. Downside target: $92.00 Violated above: $104.00 Entry: At Market

ADA/USD Downside? 17 Jan 2022

Cardano (ADA) has enjoyed a multi day rally however is now losing momentum. Price has been in a bearish market for the last 6 months, and we anticipate this long term trend to continue. Technically price has pulled back into a key structure zone, which is now acting as resistance. Price has also formed aContinue reading “ADA/USD Downside? 17 Jan 2022”

BTC/USD Downside? 17 Dec 2021

Bitcoin is in a very red market this week, and we’re looking for the downside to continue further, below the $40,000 mark. Technically the coin is holding below the 50% fibo level resistance. The RSI is also now trading at bearish levels, as is the MACD. Price is also capped below the resistance trendline. DownsideContinue reading “BTC/USD Downside? 17 Dec 2021”

ADA/USD STRIKES SUPPORT! Upside To Come?

The cryptocurrency market is on sale at the moment and Cardano (ADA) is no exception. Price has taken a plunge into a key demand zone around the $1.20 – $1.00 price zone. At this price ADA is certainly deemed cheap, and these relatively low prices won’t last for long. Technically speaking The RSI is showingContinue reading “ADA/USD STRIKES SUPPORT! Upside To Come?”