While XRP is up over 50% in the past 50 days, rallying from $0.17 to a local top of $0.29 in just over a months’ time, the cryptocurrency is still dramatically down from its all-time high above $3.00, set in early-2018.In fact, at the current price of $0.278, XRP remains over 90% lower than its…
There’s no doubt XRP saw poor performance in 2019. During that year, the price of the asset against the U.S. dollar fell by 50%, managing to underperform a swath of traditional asset classes, from stocks and bonds to precious metals and commodities.Because Bitcoin saw a strong 2019, rallying by over 90%, the XRP/BTC pair fell…
While Bitcoin’s recent downtrend saw the leading crypto asset by market cap’s value slashed in half from the local peak of $14,000, those that traded Bitcoin’s recent downtrend buying one specific trendline and selling another each time the asset made a touch would have resulted in a massive increase in BTC held, and overall USD…
Elliott Wave Theory is just one of many tools cryptocurrency analysts and Bitcoin traders use to help them predict future market movements and gain a competitive edge.According to the commonly used technical analysis principle, Bitcoin could be due for its biggest correction yet – one that will take the crypto industry by surprise and cause…
Bitcoin price has had a stellar year, even despite the recent trend turning bearish after a descending triangle pattern broke down. After three consecutive red monthly candles in a row, October closed green and kept a potential bull flag formation on monthly price charts intact, giving bulls hope that the crypto asset’s 2019 rally isn’t…
Following a continued downtrend and recent lows around $7,700 being defended by bulls, Bitcoin price is currently trading at $8,300 after a surge to $8,800 overnight last night was rejected with force by bears. However, according to a bullish crossover on the already oversold daily MACD, Bitcoin price could be targeting the previous high of…
Bitcoin loves to trade inside triangles. The leading crypto asset by market cap just broke down from a multi-month triangle and spent most of 2018 trapped inside a descending triangle that ultimately broke down. However, all of this price action may be part of an even larger symmetrical triangle formation dating back as far as…
Just days ago Bitcoin closed its monthly candle for September, marking three red candles in a row for the first time in 2019. While this in itself may not seem significant. The three red candle closes have formed what could be a powerful Japanese candlestick pattern that signals a major trend reversal and a much…
Last week, following disappointment surrounding the much anticipated Bakkt launch, Bitcoin price smashed below $10,000 and plummeted over 20% to under $8,000 before it found support in the high $7,000 range. The move sent Bitcoin price through the 200-day moving average, with multiple daily closes below it. However, after the leading crypto asset bounced from…
Bitcoin price has been consolidating since June, after it was rejected from former bear market resistance at $13,800 – stopping Bitcoin’s parabolic advance short of retesting its previous all-time high of $20,000. And while many crypto technical analysts say that Bitcoin price is trapped in a triangle – either descending or symmetrical – another crypto…