Bitcoin has been fluctuating between 530 and 470 over the past 24 hours, it seems this may continue for the next few candles, but with the bears aiming to gain the upper hand. Let’s take a closer look at the current BTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the low of the […]
Litecoin goes beyond 14 this morning, only to be pegged back with a firm bear tug. Let’s take a closer look at the current LTC/USD hourly chart below (click to expand): I asked the question in yesterday’s analysis, “Will the bulls have enough to break the this latest resistance?” Well, the market has unequivocally answered […]
Bitcoin rises as high as 545 this morning, but has retreated to around 500. Let’s take a closer look at the current BTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the low of the month at 382, until the high of the month at 545. I’ve also drawn an important red trendline […]
Namecoin is in the midst of a sine wave formation, starting late last week, with a relatively long wavelength, albeit a smaller frequency. Let’s take a look at the NMC/USD hourly chart below (click to expand): I’ve performed the Fibonacci study from the year low at 1.342, until the current high at 1.953. We can see how […]
Litecoin hit a year low of around 8 last week, but a strong recovery meant yesterday morning price managed to hike up to 11.64. Unfortunately today hasn’t been a good day, and we’ve seen half of that hike wiped out in a matter of hours. Indeed, we’re most probably going to be seeing more losses in the next few […]
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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 […]
Peercoin’s recent hike wasn’t exactly expected, since we’re in the midst of a long term bearish trend, although things are just recently returning to “normal”. Let’s take a closer look at the PPC/USD chart below on the H4 timeframe(click to expand): I’ve performed the Fibonacci study from the low of April at 1.7 to the high of the […]
Litecoin is struggling to push below 11.1, for a number of reasons. 1) Examining the LTC/USD on the thirty minute chart: Then performing our Fibonacci study from the low of the 7th till its high, reveals a key Fibonacci level, in this case the 161.8% extension at 11.1. Price has tested this line a few times over […]
Litecoin rise over the past few days hasn’t been of much intensity, hitting a high of 12.1. What we’re experiencing right now is a classic exercise. During my last technical analysis on Litecoin on the 3rd of April, I explained how LTC/USD was trading at a massive support zone at the 78.6% Fib level on the Weekly chart, […]
