Posted in: Technical Analysis

BTC/USD Poised at $10,000 as Global Markets Continue to Slide.

All eyes now on Bitcoin’s former psychological resistance of $10,000 and whether it becomes a key level of support. Bulls are likely buyers here, anticipating Bitcoin’s price to hold above its 200-day exponential moving average (EMA) and the important psychological level of $10,000 at the bottom of the blue support zone. Bears may be anticipating […]

Posted in: Technical Analysis

BTSE Token Retreats Shy of $3 as Global Markets Tumble

After a sharp rebound from last week’s sell-off, BTSE Token is again under pressure as global markets fall. Bulls might be buyers on weakness here, with last week’s spike low of $2.261 now in focus as an important level for market sentiment. A sustained break below this level might be perceived as bearish by some […]

Posted in: Technical Analysis

BTC/USD at $12,000 as Bulls Regain Control

Bitcoin is well bid as it stages another assault of the final orange resistance zone before $20,000. Bulls will note that the 14-day RSI bounced again at the key bull market support zone shaded in blue. They may also note the initial signs of a breakout in the 1-month RSI downtrend, perceived by some traders […]

Posted in: Technical Analysis

BTSE Token Pulls Back After August Rally Hits Record Highs

BTSE Token corrects from new highs amidst broader crypto market sell-off. This week saw BTSE token “false break” its previous all-time high of $2.80, sometimes perceived by traders as short-term bearish price action. Those with a bullish bias might reject the notion that the prior intraday high of $2.80 has any significance at all. Bears […]

Posted in: Technical Analysis

Is BTC rangebound and how does the CME gap come into play?

I figured it might be important to do a little writeup before the weekend starts. All I hear around me is bullish sentiment and although I am not necessarily saying that is nonsense, I think a word of caution might not be misplaced. For a few weeks I have been hammering on the range I […]

Posted in: Technical Analysis

Crypto-to-crypto: Monero/Bitcoin an Overview on the Monthly, Weekly, and Daily Charts

Introduction In this article, I write my first of a series on crypto-to-crypto trading pairs, starting with Monero to Bitcoin. I do a quick summary of the history in monthly, weekly, and daily time frames. I take a new approach to presentation–a gallery approach. This allows me to present more information in less space on […]