Despite a fall below 2 on Peercoin yesterday, we do now have some decent support which looks to have stopped the sell off in its tracks, yet – will it be able to hold? Let’s take a closer look at the latest PPC/USD Daily chart below: I’ve performed the Fibonacci study from the low at 1.536 on […]
Whilst the bears continue to loom over Bitcoin, a certain support zone is somehow, despite the bad press coming from China, managing to hold its own. Let’s take a closer look at the latest BTC/USD H4 chart below (click to expand): During my previous analysis on Bitcoin, I had mentioned, “I feel there could well be a break […]
Namecoin continues to hover around 2.5 this week, carrying on from last week, although we could see some bears pick up momentum fairly soon. Let’s remind ourselves of what happened last week on NMC/USD, since it’s imperative we have this in mind for our current analysis. I’m pasting here the Fibonacci extension study from last week (click to expand): […]
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 […]
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 […]
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 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 […]
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 […]
