Bitcoin started at 483 in the early hours of this morning, rising to a high of just over 500, but as I type, price has come back down to 483 again – there is a clear struggle between the bulls and the bears, each of them attempting to set the tone for this coming week. Let’s take a closer […]
Litecoin hasn’t been able to break free from the shackles imposed upon it by the recent bears, although we may see some equilibrium be established within the coming hours. During yesterday’s technical analysis on Litecoin, I explained by way of the chart below: “Right now price has pushed down to the 38.2% Fib (at 12.42), which […]
NMC/BTC Technical Analysis – 16th April 2014 By Ashton Fraser on April 16, 2014 in Trading The last few days has seen Namecoin vs Bitcoin rise tremendously, in stark contrast to its trend over the past few weeks, only for some firm bears to take control of the reins again. First thing is to observe NMC/BTC price action […]
Bitcoin’s recovery continues, as the bears begin to lose their grip, for the meantime at least. I explained in yesterday’s analysis on Bitcoin, how we may see a drop to a certain level, posting this chart: Where I mentioned, “With the Stochastics now heading down from an overbought zone, we may see price hit 38.2% (from […]
Bitcoin falls to 400 following multiple pieces of bad press worldwide, including but not limited to: – Huobi, one of the world’s largest bitcoin exchanges, announcing they’ve received notice from their bank, ICBC, that they will be closing Huobi’s account next week. – BTCTrade, another Chinese bitcoin exchange announcing likewise. – The National Australia Bank is to dissolve any […]
Litecoin vs Bitcoin has just produced a double top chart pattern, so any gains experienced over the weekend may come tumbling down over the next day or two. Let’s take a closer look at the LTC/BTC chart on the H4 timeframe (click to expand): I’ve performed the Fibonacci study from the low of the past fortnight at 0.026, […]
NMC/USD Technical Analysis – 28th March 2014 By Ashton Fraser on March 28, 2014 in Trading Namecoin loses more than 25% of its value in just over 24 hours, although this morning sparked some significant recovery. Let’s take a closer look at the NMC/USD intraday M30 chart below (click to expand): I’ve performed the Fibonacci study from the […]
LTC/USD Technical Analysis – 28th March 2014 By Ashton Fraser on March 28, 2014 in Trading After yesterday’s unexpected drop, Litecoin manages to settle down, for the time being at least. Let’s take a closer look at the LTC/USD chart on H4 (click below to expand): I’ve performed the Fibonacci study from the swing high at 17.00, until […]
Peercoin vs Bitcoin seems to be following a slow downtrend since the start of the week, but there could be a pause due to some important technicals. Let’s take a closer look at the PPC/BTC four hour chart below (click to expand): I’ve performed the Fibonacci study from the low of the year at 0.00445 to the latest […]
After the rise from 555, Bitcoin continues to range between two important Fib levels. Let’s take a closer look at the BTC/USD chart on the thirty minute timeframe: I’ve performed the Fibonacci study from the low of the past fortnight at 555, to this week’s high at 590. Sometimes, it can be a bit of a discretionary […]
