Market Analysis: Bears Are Back in Town, Bitcoin (BTC) Drops Below $3,900, Total Crypto Market Cap Sheds $3 Billion

March 25, 2019  /  by Zachary Mashiach
After a week of optimistic trading in which Bitcoin (BTC) seemed to have been about to break through the $4,000 resistance level and perhaps challenge the long-term resistance at $4,200, the bears have come roaring back, and Bitcoin (BTC) has receded from $4,000. Bitcoin (BTC) dropped as low as $3,850 today and has since recovered… Read more

Market Analysis: Bitcoin (BTC) Rises Back to $4,000 Resistance Level After Drop Yesterday, Crypto Market Bullish, Cardano (ADA) up 10 Percent

March 22, 2019  /  by Zachary Mashiach
After being rejected from the $4,000 resistance level yesterday, Bitcoin (BTC) rose back up to $4,000 at points during the morning and early afternoon today. The $4,000 resistance level has been stubborn since March 15. Currently, Bitcoin (BTC) is trading near $3,980. If Bitcoin (BTC) can break through the $4,000 resistance level, it will have… Read more

Big Coins: Big Moment?

March 22, 2019  /  by Bill Noble
We admit it. Yesterday’s decline was a bit scary. But that in itself could be a bullish sign. If an instrument is in a bull market, corrections need to be scary enough to shake out those that don’t have strong conviction about the up move. Looking at Bitcoin Cash (BCH) on BitMEX, we see an… Read more

Market Analysis: Bitcoin (BTC) Deflected Downwards from $4,000 Resistance Level, Crypto Market in the Red

March 21, 2019  /  by Zach Gruskin
Bitcoin (BTC) was slowly climbing upwards since March 19 and made an attempt at breaking through the $4,000 resistance level today. During the morning, Bitcoin (BTC) reached as high as $4,055, before being deflected downward and to $3,920. Since then, Bitcoin (BTC) has recovered a bit and is currently trading near $3,970 and will perhaps… Read more

PPLT (Platinum) and Bitcoin Cash (BCH): Learning to Love the Alternatives

March 21, 2019  /  by Bill Noble
Post FOMC meeting, Bitcoin (BTC) did not do much. Most of the action seemed to be in alternatives to Gold (GC) and Bitcoin (BTC). In the metals world, Platinum (PPLT) seemed to have the best bid. The three-day chart has a solid green candle and stochastics are turning higher (Figure 1). So, while everybody is… Read more

Market Analysis: Bitcoin (BTC) Slightly Above $4,000 and Grinding Upwards, All Eyes on Breaking $4,200 for Bull Run, Crypto Market Mixed

March 20, 2019  /  by Zachary Mashiach
Yesterday evening, Bitcoin (BTC) managed to get as high as $4,020 before being pushed back to $3,965. The rest of the crypto market also dropped at that point, with the total crypto market cap plunging $1.5 billion from $141 billion to $139.5 billion. Since this drop yesterday evening, Bitcoin (BTC) has resumed its slow upwards… Read more

Market Analysis: Bitcoin (BTC) Pushing up Against $4,000 Resistance Level but Has Not Broken it Yet, Crypto Market Mixed

March 19, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has steadily risen over the past 24 hours and is now pushing up against the $4,000 resistance level. Bitcoin (BTC) rose as high as $4,012 earlier this afternoon but is currently just below $4,000. This is the third time in the past four days that Bitcoin (BTC) has attempted to break through $4,000.… Read more

Bitcoin (BTC): Last Chance Shopping?

March 19, 2019  /  by Bill Noble
Recently, we discussed how the slow, grinding upward of Bitcoin (BTC) could be healthy. Bull market’s sometimes develop slowly. Frequently, a bull market is born from disbelief. So, the longer it takes for a move to develop the more powerful the trend can be. The Wyckoff bottom scenario we have tracked for three months seems… Read more

Market Analysis: Bitcoin (BTC) Past $3,900 but Now Facing Stiff Resistance at $4,000, Crypto Market up Over the Weekend but Mostly in the Red Today, Stellar (XLM) Rallies on Coinbase Listing

March 18, 2019  /  by Zachary Mashiach
Bitcoin (BTC) finally surged through the $3,900 level on Friday night and rallied as high as $4,040, before declining to $3,930 on Saturday night. Bitcoin (BTC) then retested the $4,000 level, rising to $4,015 on Sunday night before sliding back to $3,930 early this morning. Currently Bitcoin (BTC) is trading near $3,975. Just like there… Read more

Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH): Hitting the Wall or the Pause that Refreshes?

March 18, 2019  /  by Bill Noble
Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH): Hitting the Wall or the Pause that Refreshes? Looking at big cap coins, we see resistance at Litecoin (LTC) near $60. The $60 level is resistance and $56 is support (Figure 1). At this point, resistance may hold until the marketplace gets clarity from this week’s FOMC meeting.… Read more
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