After the last couple of weeks’ surging bulls, this week has been so far, a drab affair, relatively speaking ,with the 50% resistance zone proving to be much stronger than I had expected, although if we’re to zoom into the four hour time frame, there are some technical nuggets to be found. Over the weekend, I posted the […]
Since my last analysis on Bitcoin last week, the resistance I spoke about has been broken with aplomb, and it seems we could see a further rise to around 725 fairly soon, with some very strong bullish technicals on show. Last week we posted the following chart (click to expand): Where I highlighted in a blue ellipse some […]
As I predicted over the weekend, Bitcoin is struggling to rise above a confluence of resistance zones represented by two key Fibonacci retracement levels on different timeframes. If you recall, during my previous BTC/USD analysis, I posted the following two charts (Weekly and Daily timeframe respectively): Where I mentioned. “Price has hit some resistance, marked by […]
The price action on Bitcoin over the weekend behaved in a manner precisely as I had envisioned, with price rising after certain conditions had been met, whilst the resistance zone, which has been holding for almost a fortnight, continues to stay firm. During my previous technical analysis on BTC/USD on Friday last week, I posted the following chart: […]
After a few days of consolidation, Peercoin looks to be on its way up – although some further confirmation shall be required before we can ascertain such bulls with a valid threshold of confidence. Let’s take a closer look at the latest PPC/USD Daily chart below (click to expand): I’ve performed the Fibonacci study from the high of […]
There might not be much activity on Litecoin from a longer timeframe perspective today, but zoom into the lower timeframes, and we can find some real technical nuggets. Let’s take a closer look at the current LTC/USD chart on the fifteen minute timeframe below (click to expand): I’ve performed the latest Fibonacci study from the high of today […]
Over the past twenty four hours Namecoin has been struggling to move beyond a certain resistance zone, and I can’t see it succeeding any time soon. Let’s take a closer look at the latest NMC/USD H4 chart below: I’ve performed the Fibonacci study from the high of the month on the 1st, until the low of the month […]
After reaching a week high of 11.4, Litecoin continues its bearish retraces from yesterday’s initiation. In my last LTC/USD technical analysis, I posted the following chart (click to expand): Where I explained, “Look at the candle marked in white; a number of factors combined here: a) The upper wick was the same length as it’s body, b) The […]
Litecoin hit a high of 11.4 this morning, only to be rejected by a certain Fibonacci level. Will we see the bears take control? Let’s take closer look at the current LTC/USD Daily chart below: I’ve performed the Fibonacci study from the high of the month on the 16th at 14.23, until the low of this week on […]
LTC/BTC Technical Analysis – 29th April 2014 By Ashton Fraser on April 29, 2014 in Trading Since the 24th, Litecoin vs Bitcoin has been falling like a leaf, from a high of 0.0257, reaching a two week low of 0.0229. The move down was consistent, but there is good reason to believe the latest support can help drive some […]
