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 […]
Wow, the bulls of Litecoin have really stamped their authority today, after the struggle to establish a clear direction for this week. In my last LTC/USD technical analysis, I posted the following chart: I explained that, after the downtrend, I felt, “We may see some retracement here, since there is a corroboration for our oversold Stochastics, […]
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 […]
Namecoin vs Bitcoin has been falling since the middle of the month, with barely a single bull candle since then. Will the trend continue? Let’s take a closer look at the current NMC/BTC Daily chart below (click to expand): I’ve performed the Fibonacci study from the low on the 13th of April at 0.00390, until the latest […]
Namecoin falls down to 2.1, before rising back up to 2.2, but are we about to see another test of 2.1? It certainly looks like it. If you remember during my previous NMC/USD analysis, I posted this chart below: Where I explained, “…extreme spinning tops, possessing long upper and lower wicks – this tells me the bulls […]
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 […]
Namecoin experiences massive gains from the 13th through till the 15th, more than doubling in value in barely a couple of days, but a powerful bear setup initiated a fifty percent retreat. Let’s take a closer look at the current NMC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the last major swing low […]
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 […]
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 […]
