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”
Tag Archives: bitcoin
BTC/USD Ranging – Downside to $23,000 Next?
Bitcoin has been ranging since the start of the year, caught between resistance at $45,000 and support at $35,000. We anticipate the $45,000 mark to hold as resistance, and the $35,000 support to break, leading to downside into the $23,000 figure. That said, if bitcoin is able to make a sustained move above the $45,000Continue reading “BTC/USD Ranging – Downside to $23,000 Next?”
Bitcoin Crumbling! Keep Selling?
Bitcoin (BTC/USD) is crumbling to the downside, having broken the corrective channel. The 50,100 and 200 moving averages are well and truly in a bearish cross. We are looking for downside to continue into the 61.8% fibonacci extension at $21,400 a coin. What an absolute crash…
ADA/USD Approaching Support at $1
Cardano is approaching support again at the key $1 mark (USD). If price is successfully able to break below this mark it is likely that the cryptocurrency will see sustained downside for a longer period of time. Price is holding below the resistance trendline, and was unable to sustain upside into the resistance on theContinue reading “ADA/USD Approaching Support at $1”
SAND/USD Downside? 7 Feb 2022
SAND / USD is currently at resistance in a bearish flag pattern. Technically this pattern is a bearish correction pattern. Price is also at longer term trendline resistance, and structural resistance too. The RSI is indicating overextended upside, and has generated a sell signal too.
BTC/USD Downside! 3 Feb 2022
BTC/USD has now broken the corrective trendline, and we’re looking for the bearish market to continue to the downside. Downside target: $30,200 Violated above: $39,200
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 Bouncing from trendline support – what next?
BTC/USD has made a rebound from the daily trendline support, but is still capped by the resistance trendline. We are anticipating upside on bitcoin today on the short term timeframe, but overall are bearish. We’re looking for price to fill the inbalance on the 1H chart (see below). The RSI has also breached overextended levels,Continue reading “BTC/USD Bouncing from trendline support – what next?”
BTC/USD Downside? 3 Jan 2022
Hi all and welcome to the 2022 trading year! We’re kicking off the year by shorting bitcoin. Technical analysis and king shaun lee (@ezracapital on instagram) also has similar bias. Price is holding below the two trendlines (mid & short term) and the structure is bearish. Downside target: 40,000 USD Violated above: 48,400 USD
Money Flowing Out Of Crypto Markets At Record Speed
Digital Asset investments funds saw outflows of USD 142 million last week in the largest weekly outflow on record. Investors pulled money out of funds focused on bitcoin, Ethereum, Solana, Polkadot and other key crypto’s as the market turned red. After a 17 consecutive week run of inflows the tide of investment changed, and reversedContinue reading “Money Flowing Out Of Crypto Markets At Record Speed”