BTC/USDAt the moment of the last week’s analysis on Tuesday 29th of January, the price of Bitcoin was $3430 at its lowest point. That was the end of the 3rd wave to the downside from the Minute impulsive move, which is the corrective wave Z of a higher degree Minor count. After this downfall from $3707 ended the 4th wave has begun and the price action created an ascending channel in which a Minuette WXY occurred. The price increased to $3553 at first going higher than the previous lower high on the 4th Minute wave of the 3rd Minute one at $3506 at the 0.618 Fibonacci retracement level and then fell down to $3477, which was a higher low compared to the ending point of the 3rd Minute wave ending point. This was an early indication of the minor uptrend and was continued for another cycle going just slightly above the prior high, but then fell exactly on the same level as the prior low, which is an indication of the momentum slowing down and shifting direction.  Continue reading...
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LTC/USDSince last Thursday when the price of Litecoin was $32.3 things haven’t changed much as the price is currently at the same levels.  Looking at the hourly chart, you can see that this didn’t happen in a straight line as the price of Litecoin went further up and came to $34.254 from last Thursday’s price, which was on the 0.786 Fibonacci level. But since the price encountered resistance there it was rejected and went down to the next horizontal level to find support, which was slightly above the 0.5 Fibonacci level or in price terms at $30.755. Continue reading...
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BTC/USD Since last week when the price of Bitcoin was $3593 on Monday, the price has increased at first to $3666. It was an upper level from the range where the price was bouncing inside throughout most of the week. Then an attempt has been made to breakout from that range on the upside on Saturday when the price came up to $3705 and spiked even further to $3750. The attempt ended as a fakeout and the hourly candle was left with a huge wick, which entered sellers’ territory and activated the selling. It caused the price to go down back to the support line of the range where it was bouncing before finally. It started breaking out from the range on the downside and has fallen to $3429 at its lowest point today.  Continue reading... |
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LTC/USDSince last week’s analysis on Thursday 17th when the price of Litecoin was $31.9, the price of the cryptocurrency has been going sideways to $30.755, the lower line from the range, which is stuck, and then to the upper resistance line of the range around $33.742.  Looking at the hourly chart, you can see that the price action created a consolidative range, which looks like a descending triangle between the 0.618 and the 0.5 Fibonacci level. The price went above the 0.5 Fibonacci level on Saturday and interacted with the upper line resistance level at $33.742. After an interaction the price fell quickly down to the range support line at $30.755 and stayed around there retesting it again on around Monday. Continue reading...
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BTC/USD and XRP/USD stuck in a range but more downside expectedBTC/USDFrom last week’s analysis on Tuesday 15th when the price of Bitcoin was $3761 measured to the current level of $3560, we have seen a decline of 5.32%. Looking at the hourly chart, you can see that the price of Bitcoin was steadily decreasing from last Tuesday’s price at first. But then later during the day it dropped by 2% in just one hour coming down from $3713 to $3640, where the ending point of the first wave of the previous impulsive move to the upside or Minute W wave, where some support was established. During the rest of the last week, the price has gone sideways and stuck in a range between $3640 and $3723 (interrupted purple lines). Finally, on Saturday a breakout from the upside occurred and the price of Bitcoin went from the 0.382 Fibonacci level to 0.5, from $3666 to $3801 in the price terms. But since it was the wave Y from the Minute WXY correction, after all, more downside happened. The price started pulling back steadily at first when the resistance at the 0.5 Fibonacci level was encountered. But when it came down to $3769 it started dropping fast and came down to $3546 in a matter of a few hours, but was supported by the buyers, who immediately pushed the price up to $3578 where the hourly candle closed.  Continue reading...
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LTC/USDLast Thursday the price of Litecoin was $39.8. From there it started falling down fast as it came from $39,75 to $32,72 at the lowest point on the same day, which is a drop of 17.5%. The price continued its downward trajectory and reached $32.5 on Friday, but the price stabilized around $32.48 level over the weekend and even started increasing on Sunday when it came up to $33.426. But more movement to the downside has been made from there as the price came down to $30.47 on Monday.  Continue reading...
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Great way to attract visitors to your website. I applaud your hard work and you deserve each of the clicks you get.
However, I want to ask considering the market has been chaotic in the last couple months of 2018 and quite stable since this new year, do you think charts will help us understand the long term or is it more short term gain goal ?
I mean with the upcoming SEC and Nasdaq and Bakkt and so forth, how much do you think charts can tell us, will it be capable of telling us what will happen in the coming months or is it more daily or even hourly help for us ? If it is daily or even hourly maybe it will be understandable but if it is currently just showing them how can we react towards the upcoming things ? Should we stay on bitcoin or even fiat until those go by and we have chance to see what happens before we trade on those days ?
Thanks a lot for your interest. But we do not do any forecast. We are able to provide our followers with analytics only. We are a true ECN broker  |
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BTC/USDFrom the start of the week, the price of Bitcoin was in an upward trajectory and has come from yesterday’s open at $3580 to $3801 at its highest point yesterday. Since yesterday’s high, the price has been retracing and is currently sitting at $3729, which is an overall increase of 4.07%.  Looking at the hourly chart you can see that the price action has created a minor descending channel in which the price is retracing from the moment it hit the 0.5 Fibonacci level. As the wave structure looks impulsive, I believe that the move to the upside has one more wave to go. That is why after the retracement I would expect the price of Bitcoin to go up to $3880 before this move has ended. Continue reading...
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LTC/USD technical analysisSince the beginning of the year, the price of Litecoin has been in an upward trajectory increasing exponentially from $30.7. LTC/USD reached $34.970 at it’s highest point yesterday, thus, the growth was around 14%. On Thursday, the altcoin price has decreased from $34.38 to the current level of $33.56. Measuring from January, 1 to the current levels, the pair is still up by 9.22%. But we may see further downside as a minor retracement for Litecoin in the upcoming period.  On the hourly chart, after an impulsive 12345 led the price of Litecoin up to $37.146 a correction occurred pushing the price down to $28.7. I have labeled this move as the W wave from the Minute WXY correction which is likely playing out after the impulsive move up. After the W wave was completed and the price action formed a descending channel, a breakout from the upside occurred. This pattern occurred next time as well but on a minor scale. And both times a descending channel was formed making the price escape from the upside. Continue reading...
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Litecoin gains 23%, EOS rockets by 43% LTC/USD Since Monday when the price of Litecoin was $26.109 at the open, the cryptocurrency has experienced an increase of 23.33% measured to the current levels on which the coin is being traded at $32.2. Looking at the hourly chart, you can see that the Monday’s open was the weekly low so far as the price previously increased from $23, which is the lowest prices has been the whole year to $26.975, where it interacted with the horizontal support level, which served as resistance at $27.74. On the next day, the price broke that horizontal resistance and went on to interact with the next horizontal resistance level at $33.29 and has interacted with it today for the second time.  Continue reading... |
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BTC/USDAt the moment of our last week’s analysis on Tuesday, December 11th the price of Bitcoin was $3524.5. As the price was in a downward trajectory it kept falling after a small increase and has broken some minor support trendlines in the process line, the minor uptrend line from the December 7th low and the horizontal support level from that low as well and came down to the next significant horizontal level at $3237, which served as support. This whole down move dating from 9th of December when the price of Bitcoin came up to $3713 at its peak is the corrective wave X, which meant that another increase was to be expected to around the same levels or a bit lower than the hight of the W wave ending point.  This is exactly what happened as the price of Bitcoin increased by 14% from the horizontal support level at $3237 to $3683, which is close to the vicinity of the W wave ending point. Now, when the price has reached those levels and the Y wave is most likely over, we are seeing a correction and judging by the wick from above the price has encountered the sellers’ territory. Continue reading...
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LTC/USDAt the moment of our last week’s analysis on Thursday, December 6th, the price of Litecoin was around $25.8. From there the price went down to around $23.2 and even spiked further down but the hourly candle has closed above leaving a wick on the hourly chart as you can see below. From there the price went to recover and has increased to $27 but fell again to $23.7.  This continued and the price action has formed a triangle, which looks like a bearish pennant considering the price action context. Its resistance line is the support from the previous structure and it was well respected in the past both on the previous structure as support and now as resistance. Continue reading...
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BTC/USDSince last Monday when the price of Bitcoin was at $4178 at the open, the price has decreased by 17.25% measured to the current levels at $3447.9.  Looking at the hourly chart, we can see that the price broke out from the descending channel on the downside and went below two significant support levels – the downtrend support line 2 (bold black line) and the horizontal support level at around $3439, going to $3306 at its lowest point on last Friday, December 7th. Continue reading...
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LTC/USD Since our last week analysis on Thursday, November 29th, when the price of Litecoin was at $35.14 measured to the current levels at around $29.6, the cryptocurrency has decreased in value by 15.87%.  Looking at the hourly chart, you can see that the price didn’t go down in a straight line. Instead, the price fell at first to around $32, which was considered to be a higher high at the time a normal retracement after the upswing that broken the prior downtrend resistance. But as you can see the price increased again after establishing support but failed to exceed the prior high as it came to $35.4 area again and was stopped out. Continue reading... |
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BTC/USDSince our last week’s analysis on Tuesday, November 27, when the price of Bitcoin was at its lowest point at $3759, it has even spiked to $3683, but the hourly candle has closed above leaving a wick.  Since that low, which was the lowest price, has been since the start of the year, we saw an increase up to $4416, which was a higher high compared to the previous one at $4169. From there on the price started decreasing and since it came down to the horizontal support level at $4045, price action created a higher low, indicating the start of an uptrend and an ascending channel outline started forming. Continue reading...
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LTC/USDFrom last Thursday when the price of Litecoin was $35.419 at its open, measured to the current levels on which the crypto is being traded, the price has only decreased by 1.08%. The price did go lower from last Thursdays open, as it was the minor Z wave ending point from which another drop has been made to $27.46 area where the horizontal significant level is.  Looking at the hourly chart, you can see that the price interacted with the mentioned level with a spike down on Sunday when the cryptocurrency market was at its lowest from the start of the year. Since the low has been made the price started to recover and has at first came up to the downtrends resistance line where it got rejected. But as the rejection ended with a higher low, enough momentum was picked up for a breakout at the second attempt. Continue reading...
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BTC/USD and XRP/USD still bearish but a recovery is on the wayBTC/USDLast week on Monday, November 20th the price of Bitcoin was at $4977, the week’s highest point. From that high, the price went back to the levels from which the increase around $4500 was made and then continued to move to the downside. Measured to the current level of $3748 the price of Bitcoin has fallen by 24.65%.  Looking at the hourly chart, you can see that the price action is indicating a downtrend even though it looks like the price has stabilized at around $3782, where the horizontal significant level is serving as support. Since the price interacted with the level for the third time in the last couple of days, currently we are seeing that the price is below the mentioned level. Continue reading...
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LTC/USD and EOS/USD – one more low ahead!LTC/USDSince 6th of November, the price of Litecoin has been in a downtrend and on last Thursday the price was $45.385 at the open. From there the price stagnated at first but at the start of this week on Monday the price started to decrease again falling further down to $32.813, which is the yearly low. The price has been consolidating and is now at around $34.64, which is an overall decrease of 23.40% in the last seven days.  Continue reading...
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Cryptocurrency market continues to declineThe price of Bitcoin has been moving within the range above $6,000 during the last two weeks. However, on Wednesday, November 14, the rate fell to the year low at 5,523 dollars. The cryptocurrency has lost about 13% of its value in less than five hours. The total market capitalization also fell below $100 billion for the first time since November last year and is currently at the level of slightly above $76 billion. On Tuesday, November 20, the price dropped to $4,500.  The dip of Bitcoin had a domino effect on crypto markets. The five largest cryptocurrencies also fell by more than 10%, and the market cap fell below $200 billion. Bitcoin Cash, which was forked on November 15, was the biggest misfit, quickly losing 15% of its value. Continue reading...
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Both BTC/USD and XRP/USD under strong selling pressureBTC/USDSince last Tuesday when the price of Bitcoin was around $6500 we have seen a downfall of over 30% measured to the lowest levels Bitcoin’s been today, which is at $4529.  This move to the $4700 area was expected as the price action formed a bearish pennant from which, if you were to project the length of the prior move from the apex, you would get a target at around $4700. Also, this was the target area for the descending triangle breakout seen on the daily chart below. Continue reading...
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