Technical Analysis - BitBay.net

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ETH/USD

The Ethereum price quoted to the American dollar is now in a very interesting place on the H4 timeframe chart. The market has been trading for quite some time inside of a narrow trading range, located between the levels of $191 - $235. This trading range has started to form a Pennant Pattern recently, which is a trend continuation pattern. How will now the bulls react to this possible pattern forming? What can be the next move from the bears? What levels traders should pay attention to? Answers to these questions you will find in the video analysis below.
Enjoy!

https://youtu.be/oKozrg_7D4M

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LTC/USD

Are we about to move significantly higher on the Litecoin market? This is the question that is bothering many crypto enthusiasts after the Litecoin halving has been completed recently. The possible Elliott wave scenario actually points out the possibility of a sudden move up, so not all hope is lost yet! For more details please refer to the video analysis below.
Happy trading!

https://youtu.be/_D2rUL1n43s

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XRP/USD

There is an interesting price pattern at the XRP/USD pair at the daily timeframe chart. This is a Triangle pattern (or Bearish Pannant pattern) and it is a trend continuation pattern. Due to the fact, that the current trend since the end of June is down, there might be severe consequences for bulls when this pattern is completed.

If you want to know more about the possible market scenarios for bulls and bears at the XRP/USD pair, please watch the analysis video below.

Enjoy and happy trading!

https://youtu.be/7ntASnsB9_E

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LSK/USD

The LSK/USD pair has made a new historical low at the level of 0.9780 and is still under the bearish pressure. The market conditions are now extremely oversold, so some kind of a bounce of pull-back might be underway. Nevertheless, despite this opportunity, the market is still under the control of bears and there are no signs of downtrend reversal yet.

https://youtu.be/JmTbiL14Qhw

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ETH/USD

The ETH/USD pair continues the rally and has hit recently the 23% of the Fibonacci retracement located at the level of $211. The rally looks strong and is the bearish reaction for this level will be weak or muted, so the price will not fall below the technical support located at the level of $200, there is still a chance for the uptrend to continue towards the 38% of the Fibonacci retracement located at the level of $240. For more detailed analysis please watch the video below.

https://youtu.be/fFZyG4Ju0cQ

Enjoy! 

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LSK/USD

The long-term technical support at the LSK/USD pair located at the level of 1.01 USD has been clearly violated and the market spied down to the level of 0.74 USD. This is the newest low at the daily timeframe chart, but it might not be the last one as there are no signs of a trend reversal.

If you want to know what is the next possible market scenario for LSK/USD and what is the potential price target for bears, please watch the video analysis below. Enjoy!

https://youtu.be/8izgLeb8zBw

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XRP/USD

The XRP/USD pair at the daily timeframe chart has made an interesting move up that might be the beginning of a new trend. The recent breakout above the technical resistance located at the level of 0.24646 might lead to further gains towards the level of 0.27848 and if this level is violated, then even 0.33189. For more market scenarios please watch the video analysis below. Enjoy and happy trading!


https://youtu.be/l_E4hqq1XEM

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ETH/USD

The current situation on the ETH/USD pair is very interesting as the pair is now hovering around some key technical levels. The global investors should keep an eye on this situation because the outcome might have an immediate impact on the market behavior in the nearest future.

To make yourself familiar with more details regarding the ETH/USD analysis, please watch the video below. Happy trading!

https://youtu.be/x3RFx89xn70

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darmowe obrazki na telefon

LSK/USD

After the failed attempt to break through the level of $1 the downtrend on Lisk is still being continued. There are no signs of a trend reversal yet, so the bears have managed to make a new yearly low this month. The bearish pressure is clearly visible at the daily timeframe chart with the next target seen at the level of $0.70.

If you want to get yourself familiar with the newest scenario for the LSK/USD pair, please watch the video analysis below. Enjoy!

https://youtu.be/gF4HDXlbNEQ

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ETH/USD

The long-term trendline resistance has been violated and the ETH/USD bulls are heading towards the 61% Fibonacci retracement again. If they make it, then it will be the third time ETH/USD bulls are trying to break through, so it might be very important to see how the market will react when the price will get there. If you would like to know a more detailed analysis of the ETH/USD pair please watch the video analysis below.
Enjoy!


https://youtu.be/1Hhte4fH8Bw

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ETH/USD

The consolidation of the ETH/USD market is still present. The bulls still have the chance for a breakout higher, but the 61% Fibonacci retracement must be clearly violated. Otherwise, the market participants will continue struggling and trade inside of the narrow range located between the levels of $180.50- $197.41.
For more detailed analysis please watch the video below. Enjoy and happy trading!

https://youtu.be/kJFCrRhWZrY

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darmowy serwer zdjęć

LSK/USD

The LSK/USD pair has been trading inside of a narrow range since October. The LSK price is close to the lower level of the year, which was at 0.63 USD. The downtrend is now a little less stronger after the LSK/USD had started to consolidate, so there is a possibility, that bulls might be building a base for the trend reversal.

More details and possible market scenarios are available to view in the video analysis below. Enjoy!

https://youtu.be/9yuQVgNYUic

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XRP/USD

The XRP/USD market continues the downtrend and the new low was made recently on the level of 0.20452. The price is still below the short-trend trendline resistance, but there is a possibility for a corrective.
Counter-trend move to the upside. For more details please watch the video analysis below.

https://youtu.be/oCLbYU2_7F0

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ETH/USD

The downtrend on the ETH/USD market continues as the bears are still in control over the price and are keep making lower highs and lower lows. The recent bounce from the level of 133.58 has been retraced in 50% already and the bears might push the prices even lower towards the next target located at the level of 142.09.

For more details please watch the video analysis below.

https://youtu.be/PzkwR1a_rmI

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LSK/USD

The bearish pressure on the Lisk is still clearly visible on the daily timeframe chart as the LSK/USD market is still being locked inside of a narrow horizontal range and below 21,33 and 50 moving averages. There might be another wave down in preparation because there is no downtrend reversal signal present at the chart.
For more details regarding the possible market scenarios for LSK/USD please watch the video analysis below.

Enjoy!

https://youtu.be/PoK64_wKSYM

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BSV/USD

The Bitcoin Satoshi Vision (BSV) has gone berzerk since the beginning of 2020 and made a new high at the level of $460. Since the 1st of January, the BSV value has increased over 500% and it looks like the new uptrend had been started. This is why it is worth to take a look at the BSV/USD technical analysis video below to know what to expect next from this cryptocurrency. Enjoy!
 
https://youtu.be/8lbEwPjoLoQ

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ETH/USD

The ETH/USD pair has managed to retrace 23% of the whole move down since 25th June 2019 (almost a quarter of the whole move down), but the bulls were capped at the level of $178.97. Around this level, a Bearish Engulfing candlestick pattern was made, which is a trend reversal pattern. So far, however, the market did not reverse strongly yet, but it is worth to keep an eye on the next developments. For more possible market scenarios on the Ethereum cryptocurrency, please watch the video analysis below.
Enjoy!

https://youtu.be/1TmT8uXIQ_o

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LSK/USD

There is an interesting development on the weekly chart of Lisk cryptocurrency. We can clearly see the 6 consecutive green candlesticks with higher highs after the bulls had broken out of the Ending Diagonal/Falling Wedge price pattern at the end of December 2019. Will the bulls be so strong to keep up the momentum and test the key technical resistance levels? The answer to this question is in the video analysis below.
Enjoy!

https://youtu.be/EyDczZBM5M8

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XRP/USD

The XRP cryptocurrency is still in the uptrend as the technical support hold the bearish pressure. The market has bounced slightly towards the level of 0.30 USD and is still slowly moving to the north. The next local target for bulls is seen at the level of 0.3140 USD and the immediate technical support is located between the levels of 0.2650 - 0.2800 USD. For more details regarding the possible XRP/USD market scenarios please watch the video analysis below.

https://youtu.be/Hu2n2Ld7vdY

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Enjoy!

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BTC/USD

The downward correction on the Bitcoin is getting extended towards 61% Fibonacci retracement located at the level of $9,086. This might be the end of the corrective structure ABC according to the Elliott wave theory and the global investors might witness some kind of bounce from the current levels. 
For more detailed analysis and possible market scenarios please watch the video below.
Enjoy!
https://youtu.be/fsxbuWmSAOg