Last night, following a bullish weekly close and an even more bullish monthly candle close just days prior, the recent rally in Bitcoin price may have finally topped out.According to the Wyckoff method, the recent price action closely matches an aggressive redistribution model that suggests a severe mark down phase could follow.Bitcoin Price Action Mimics…
Ethereum’s 2020 uptrend allowed ETH to forge a firmly bullish market structure that many analysts had expected to catalyze a massive parabolic rally. This bullish possibility is now at risk of being invalidated, however, as the crypto was rejected overnight at a key level.At the moment, ETH is firmly tracking Bitcoin and the aggregated crypto…
Bitcoin faced a flash rally yesterday evening that led the crypto to break above $9,600 before almost instantly incurring a significant amount of selling pressure that led BTC to plummet into the $9,300 region.Bull’s inability to decisively close the cryptocurrency above its key resistance at $9,500 points to the possibility that bulls are losing their…
Although almost all eyes have been on Bitcoin, top cryptocurrency Tezos has seen a stellar past 24 hours. Per data from TradingView, the altcoin, in the top 20 cryptocurrencies by market capitalization, has gained upwards of 15%, surging as high as $2.04 from yesterday’s price of $1.75.Related Reading: Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom…
Ethereum’s firm 2020 uptrend appears to be shifting its market structure to be overwhelmingly bullish, as ETH has been able to significantly outperform Bitcoin and the aggregated crypto markets over the past 24-hours.In the near-term, analysts do believe that today’s breakout rally marks a pivoting point for the cryptocurrency, which could allow it to start…
Bitcoin (BTC) is currently in the process of revisiting its recently established 2020 highs of $9,550, with its ongoing upsurge coming close on the heels of yesterday evening’s selloff that led the crypto to dip as low as $9,200.Bull’s ability to post a strong defense of this level suggests that the cryptocurrency could be on…
In 2017, altcoins, crypto assets that aren’t Bitcoin, suddenly saw an influx of interest from the world’s investors. Bitcoin dominance — the percentage of the crypto market that is made up of BTC — fell from over 80% to 33% by early-2018, tumbling as a large amount of capital was siphoned into altcoins that purported…
Litecoin’s 2020 rally has begun to reach a fever pitch as the crypto shows signs of entering yet another upwards leg that allows LTC to set fresh year-to-date highs.Litecoin’s rally over the past several weeks has allowed it to put significant distance between its recent lows of $50 and its current price of just over…
Litecoin has seen some incredibly bullish price action over the past week, with the cryptocurrency rallying from seven-day lows of $53 to highs of $70. Although LTC faced some resistance at this level, its market structure is clearly growing increasingly bullish.After setting these fresh 2020 highs of $70 yesterday, the cryptocurrency has only retraced slightly,…
Like many crypto assets, the price of Cardano (ADA) has increased over the opening month of 2020. Starting the year at around $0.033, the digital currrency now trades at more than $0.054.Although the same could be said about many of the thousands of other digital currencies, the gains do not appear to be based on…