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.”
Tag Archives: btcusd
Luna is dead. Here is our take!
For those of you living under a rock for the past week, Luna has fallen from the heavens, trading from the ATH of $119 USD down to < $0.001in less than 40 days. The Terra algorithmic “stable coin” UST also has broken the “peg” to the USD, with the stable coin now trading at $0.08Continue reading “Luna is dead. Here is our take!”
BTC/USD Analysis – Here’s Our bitcoin playbook for May
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”
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”
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”
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?”
ETH/USD – Ready To Drop Again?
Ethereum looks set to take another beating in the coming week, with price still being held below the resistance trendline. Ethereum is currently trading at 2,547 USD, and the resistance trendline lies just above price, capping the upside. We’re looking for a break below the support trendline, with sustained downside to the 1800 level. Entry:Continue reading “ETH/USD – Ready To Drop Again?”
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
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”