In the middle of October, John Bollinger, the prominent technical analyst behind the Bollinger Bands indicator, remarked that Bitcoin (BTC) was going to see a so-called “head fake.” For those unaware, a head fake in technical analysis terms is when an asset falls out of the Bollinger Bands, an indicator that estimates trading ranges, then…
Bitcoin price tested the crucial $6,500 support area and started an upside correction against the US Dollar. The price is up around 10% and it even settled above the $7,000 resistance area. Yesterday’s key bearish trend line was breached with resistance near $7,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The total crypto market cap started an upside correction after tagging $171.8B. Bitcoin price is up close to 10% and it is now trading above the $7,000 resistance. Litecoin (LTC) price is gaining momentum and it could test the $48.50 resistance area. Bitcoin cash price is climbing higher towards the main $220 and $225 resistance…
Ripple price is currently correcting from the new monthly low of $0.2005 against the US dollar. The price might correct further higher, but the $0.2270 resistance is a crucial hurdle for buyers. There is a major bearish trend line forming with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from…
Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair…
The total crypto market cap is down more than $25.0B and it tested the $175.0B support. Bitcoin price is now trading well below the $7,000 level, with a bearish angle. Litecoin (LTC) price is down more than 8% and it even traded below the $45.00 support. BCH price is now trading below the main $200…
Ethereum is declining and it recently failed to recover above the $155 resistance against the US Dollar. Bitcoin price is now trading well below the $7,000 level and tested the final $6,500 bearish target. There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via…
ETH price is down more than $30 in the past few days against the US Dollar. The price even spiked below $150 and it is currently correcting higher. There is a major breakout pattern forming with resistance near $152 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is struggling to correct…
There was a sharp decline in bitcoin below the $8,000 and $7,500 supports against the US Dollar. The price is currently correcting losses, but remains at a risk below $7,400. There is another breakdown pattern forming with support near $7,240 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is…
It’s not uncommon for technical crypto analysts to compare Bitcoin price charts with that of other assets hoping to draw some comparisons that an actionable strategy can be derived from. The leading crypto asset by market cap has been closely following the price action of early Nokia stocks, and if Bitcoin continues to follow the…