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Author: NewsBTC

Bitcoin Price Watch; Trading The Downside Action

So we are drawing to a close on yet another day of bitcoin trading and, unfortunately, it’s not been a great one from a price perspective. We said this morning that we were looking for some degree of sustainable long-term recovery and that an extended period of consolidation would provide the floor we were looking … Continue reading Bitcoin Price Watch; Trading The Downside Action

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Ethereum Classic Price Technical Analysis – ETC/USD is Following Bearish Path

Key Highlights Ethereum classic price formed a short-term top at $33.41 and declined against the US dollar. There was a break below an important bullish trend line with support at $30.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently holding the 100 hourly simple moving average, but … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD is Following Bearish Path

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Ripple Price Technical Analysis – XRP/USD Bearish Toward $1.1250

Key Highlights Ripple price started a fresh downside wave from $1.3438 and moved below $1.2500 against the US dollar. There was a break below a key bullish trend line with support at $1.2150 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair is currently heading lower and it may soon … Continue reading Ripple Price Technical Analysis – XRP/USD Bearish Toward $1.1250

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Altcoin Analysis: NEO, EOS, LTC and IOTA

Besides NEO, which is now testing key resistance line in the 4HR chart, IOTA, EOS and LTC are trending lower. Even though I expect LTC to find footing and gain bullish momentum, EOS looks likely to trend lower in the coming days as price action corrects a possible over-valuation following a close above the BB … Continue reading Altcoin Analysis: NEO, EOS, LTC and IOTA

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Bitcoin Price Technical Analysis for 01/30/2018 – How High Can It Go from Here?

Bitcoin Price Key Highlights Bitcoin price is testing the bottom of its ascending channel on the 1-hour time frame and technical indicators are suggesting a bounce. Applying the Fibonacci extension tool shows how high price could go from here if support holds. A break below the $10,000 level, on the other hand, could set off … Continue reading Bitcoin Price Technical Analysis for 01/30/2018 – How High Can It Go from Here?

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Bitcoin Cash Price Technical Analysis – BCH/USD Bearish Again

Key Points Bitcoin cash price failed to move past the $1770 resistance and moved down against the US Dollar. There was a break below a major bullish trend line with support $1680 on the hourly chart of BCH/USD (data feed from Kraken). The pair is now moving lower and it is likely to extend declines … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Bearish Again

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The leading altcoin of the moment – Neo

FOMO Moments A predominantly red picture is being painted again today during the Asian trading session. Only one altcoin in the market cap top ten is in the green and it is joined by only two others in the top 25. We know things move fast in crypto land and the morning’s leader of the … Continue reading The leading altcoin of the moment – Neo

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1-29 Price Analysis – Remain hovering without clear direction

Highlights: Price remains hovering without clear direction. BTC: Resistance: $12,200 & $13,000, support: $11,300 & $10,800. Data feed from AICoin Comments: The correction represented by the short lower shadow this morning is basically within our expectation. This time, though the rally has continued for a little longer and BTC is away from the bottom, the … Continue reading 1-29 Price Analysis – Remain hovering without clear direction

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Bitcoin Gold Price Technical Analysis – BTG/USD Approaching Short-term Break

Key Points Bitcoin gold price is slowly moving higher toward the $200 level against the US Dollar. There is a short-term bullish trend line forming with support at $185 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair is currently correcting lower and is holding the $180 support and the 100 hourly … Continue reading Bitcoin Gold Price Technical Analysis – BTG/USD Approaching Short-term Break

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Ripple Price Technical Analysis – Can XRP/USD Retain Momentum?

Key Highlights Ripple price managed to move above the $1.2500 resistance area against the US dollar. There was a break above a major bearish trend line with resistance at $1.2250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely above the $1.2500 support area and it … Continue reading Ripple Price Technical Analysis – Can XRP/USD Retain Momentum?

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Bitcoin Price Technical Analysis for 01/29/2018 – Bulls Creeping Back In?

Bitcoin Price Key Highlights Bitcoin price is in a slow but steady uptrend, moving inside a new ascending channel on its 1-hour time frame. Price is testing the mid-channel area of interest which lines up with the 38.2% Fibonacci retracement level on the latest swing low and high. A bounce off this level could take … Continue reading Bitcoin Price Technical Analysis for 01/29/2018 – Bulls Creeping Back In?

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Alt coin Analysis: NEO, EOS and LTC

My view is that this week will be significant for most BTC alternatives and being under our radar, I really think we should look to buy LTC. On our entry chart we can see that prices are trending higher and above the main resistance line.  Concurrently at the daily chart, a 3-bar reversal pattern along … Continue reading Alt coin Analysis: NEO, EOS and LTC

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