Bitcoin has been moving sideways so far in 2022, ranging between $34,000 USD and $48,000. The flagship cryptocurrency’s $14,000 range could be about to break however, and we want to make sure our followers our ready for whatever scenario. Bitcoin 1W Chart Overview On the weekly chart the 50 through to the 500 moving averagesContinue reading “BTC/USD Analysis – Here’s Our bitcoin playbook for May”
Ether, the worlds #2 most popular cryptocurrency, printed fresh all time highs yesterday as the crypto bull market continues. Eth traded above the previous days 4,600 USD high. This was following the Fed’s announcement of tapering asset purchases, but holding their perspective that high inflation would prove “transitory”. The Fed’s complacency regarding inflation implies theyContinue reading “ETH Hits ATH, BTC Stumbles, Australia Makes Crypto Mainstream?”
Bitcoin (BTCUSD) has retraced from the fresh all time high and is now at structural support. We are looking for price to make a bounce from this zone back into the resistance zone at $67,000. If price is able to break out of the range we have highlighted we will trade in the market direction.Continue reading “Bitcoin About To Bounce?? 28 Oct 2021”
Ethereum has pushed into fresh highs, breaking out of the wedge pattern. Price has now pulled back. Is this just a retest of previous structure, or a more sinister fakeout of resistance? If price holds this support we anticipate ETH will continue printing new highs.
We are anticipating new all time highs to form on Ethereum against the Greenback, as Crypto news reels are currently full of positive news about mainstream adoption of crypto. This trade idea capitalises on the 1H chart support trendline, with the RSI showing bullish momentum. As long as price holds this trendline we will seeContinue reading “ETH/USD Upside? Anticipating Fresh ATH!”
Bitcoin has bounced from key resistance at the 50,000 USD mark. Technically the RSI is showing bearish divergence and the 50/200 day moving averages are in a bearish cross, however price is trading above both averages.