Technical Analysis - BitBay.net

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ETH/USD

The Ethereum market is still under the bearish pressue and the price keeps making lower lows at the daily timeframe chart. The momentum remains weak and negative, but it is still not in the oversold levels, so the next wave down might occur anytime soon. 
For more details regarding the possible market scenarios for ETH/USD please watch the video analysis below.
Happy trading!

https://youtu.be/W7p99ygQusM

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BTC/USD

Bitcoin is still under the bearish pressure as the complex corrective structure to the downside is being developed. This corrective WXYXZ structure is still a part of a counter-trend correction and might soon be terminated. It is worth to keep an eye at the current price action to spot some indication of a impulsive trend resumption and a relief rally towards the level of $9,312.

More details of the current situation on the BTC/USD pair with a possible Elliott Wave scenario is available to view in the video analysis below.
Happy trading!

https://youtu.be/6MMMK5PEkTw

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BSV/USD

Bitcoin Satoshi Vision (BSV) has retraced 100% of the last pump up towards the level of $460 and made a low at the level of $82. Since then the bulls has been trying to reverse the down trend on BSV/USD and rally higher, but were capped around the 50 DMA at $175 - $180. The battle between bulls and bears is being continued and the result of this battle is very important for the next possible market move, because $180 is the key short-term technical resistance for the price.

More details of the current situation on the BSV/USD pair is available to view in the video analysis below. Happy trading!
https://youtu.be/_K5GlKEq1ik

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ETH/USD

The bearish pressure on ETH continues

The Ethereum cryptocurrency has tried three times in the past to break through the technical support located at the level of $89.95 already, so of far no avail. This is the key long-term support and any violation of this level will likely lead to another wave down towards the 2018 low located at $25.

For more detailed analysis, please watch the video below.
https://youtu.be/lPFDz2jMifM
Happy trading!

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ETH/USD

Ethereum bulls are still in control of the market. They have managed to push the price steadily inside of the parallel channel from the level of $91.18 to the level of $196.01 which is a 50% Fibonacci retracement of the last wave down. So far there is no signal for any kind of reversal and bulls will likely continue the up trend for a few next days.

More details regarding the ETH/USD analysis are available for view in the video below.
https://youtu.be/4x6I5bg895o

Enjoy!

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ETH/USD

The ETH/USD pair had decreased significantly just before the main 2020 event, which was of course the Bitcoin halving. The recent drop in Ethereum price has ended at the key Fibonacci retracement level, but no shopping frenzy has been seen yet. As we can see from the chart, there is still a positive correlation between the BTC and ETH and it still works in trader’s favor. 

More details regarding the ETH/USD analysis are available for view in the video below.

https://youtu.be/xAtobmmuNF4

Enjoy!

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LSK/USD

The LSK/USD pair has been trying to break out higher from the Falling Wedge price pattern at the weekly time frame chart. Nevertheless, the current market behavior does not look so bullish anymore as the price has been hovering around the level of 1.23 for the last two months and is not able to break through it.
For more details including a market scenario for the next couple of weeks, please watch the video analysis below.

https://youtu.be/CEU4xoA9LLs

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liana pic

XRP/BTC

The XRP/BTC pair is still going lower towards the level of 1793 SAT, because this is the long term technical support for the price. However, it is worth to notice, that the Wedge price pattern is still developing and a dynamic rally is expected when it is completed.

For more details regarding the market scenarios on XRP/BTC please watch the video analysis below.

https://youtu.be/gtLPQO2G6m0

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LSK/USD

The Lisk cryptocurrency has been trading inside of a narrow zone for quite some time now, so the volatility has temporary dried out. Nevertheless, the LSK/USD pair has made a promising Hammer candlestick pattern on the daily time frame chart recently and the market keeps trading above the upper channel line. Soon there will be time to make up the decision regarding the stability of the current sideway trend: whether the market will go up or down?

For more details regarding the market scenarios on LSK/USD please watch the video analysis below.

https://youtu.be/RYcCca3pE2M

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GAME/BTC

The Game cryptocurrency has made an important breakout on the daily time frame chart and this move might be a pivotal change in the long-term market behavior.
The level of 1149 satoshi had been clearly violated and after a recent pull-back to the nearest technical support, the bulls are ready for another wave up.

For more details regarding the market scenarios on GAME/BTC please watch the video analysis below.

https://youtu.be/8QNF2YoG4l8

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GAME/USD

The Game Credits cryptocurrency is still respecting the ascending trend line despite the recent drop towards the Fibonacci retracement. There is still consecutive sequence of higher highs and higher lows that is responsible for the up trend continuation since the middle of April.

For more details regarding the market scenarios on GAME/USD please watch the video analysis below.

https://youtu.be/3ypdYD7sBwM

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XRP/USD

The XRP cryptocurrency is testing the key short-term technical support located at the level of 0.23. This might be the line in the sand for bulls, so it is worth to keep and eye on the further developments on this market.
For more details regarding the possible scenarios on XRP/USD please watch the video analysis below.

https://youtu.be/r87wIDSYjgI

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GAME/USD

GAME/USD The GameCredits cryptocurrency has broken below the key short-term technical support level and now is trading below it. Moreover, the overall sentiment is negative, momentum is weak and the price is going away from the moving averages. All of this indicate the possibility of another wave down towards the next target level.

For more details regarding the possible scenarios on GAME/USD please watch the video analysis below.

https://youtu.be/yExzlCN_dzI

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OMG/USD

The OmiseGo cryptocurrency has been trading inside of the Triangle pattern for some time now and it is quite clear the breakout might happen soon. The breakout direction from the Triangle pattern will determine the further movement of this cryptocurrency.

For more details regarding the possible scenarios on OMG/USD please watch the video analysis below.

https://youtu.be/FYZ4T-xeUTs

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LSK/USD

The Lisk cryptocurrency has hit the key long-term technical support seen at the level of $1.00 and made a new swing low at $0.95. Any violation of this level will lead to another wave down as the down trend continues.

For more details regarding the possible scenarios on LSK/USD please watch the video analysis below:

https://youtu.be/Qs-hRzxmX3w

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ETH/USD

The Ethereum (ETH) cryptocurrency has been moving higher in the up trend and it passed the level of $600 already. The next target is seen at the level of $700 as the up trend remains intact.
For more details regarding the possible scenarios on ETH/USD please watch the video analysis below:

https://youtu.be/C6SPqwnJ3dU

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XRP/USD

The XRP cryptocurrency has been continuing the down move towards the level of 0.18 cents after the bounce to the 0.45 cents. The sellers have full control of the market, and lower prices are expected.


For more details regarding the possible scenarios on XRP/USD, please watch the video analysis below: 

https://youtu.be/5h3JGKWDWHs