Bitcoin was able to defend the $10,000 level but the rest of the cryptocurrency market saw red as selling pressure hadn’t been completely exhausted. At press time the king coin was being traded at $10,192 with a 24-hour trading volume of $86.5 billion. Source: CoinStats Bitcoin SV exhibited a bearish pattern and could be poised...Read More
Cardano has been showing a lack of momentum in the market in the past couple of days, and it could continue as price consolidated between important levels of support and resistance. Ontology showed it might be ready to breach and hold the nearest level of resistance. Algorand also showed signs of neutrality as traders opted...Read More
Crypto processing is an important part of the modern world and a component of a successful business. Therefore, it is essential to choose a quality platform such as B2BinPay. Cryptocurrencies are a new phenomenon in the modern world, which has already become familiar and popular. A successful business today cannot be imagined without using this...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
Bitcoin poses a serious challenge to traditional currencies as the world’s first cryptocurrency. However, considering its price history, there should be a lot of volatility along its path. Below are four steps that will help you trade Bitcoin: Mechanisms to deal Bitcoin Bitcoin can be dealt with in two ways: buying the Bitcoin...Read More
Litecoin had a brief spike before being forced back beneath resistance. It is possible that Litecoin and Ontology will not move upward or downward by a large margin in the coming days as it looked to be in a phase of consolidation. Dash set its next level of resistance as a target, and might be able...Read More
Polkadot invalidated a possible bearish pattern in the past few sessions. At press time, it lacked momentum in both directions. IOTA was indicating signs of short term bullishness and could surge past nearby resistance level. Compound showed a likelihood to drop in price, perhaps as far as $152 in the near term. Polkadot [DOT] Source:...Read More
Bitcoin SV has been in an uptrend in the past couple of days. It remains to be seen if it has the strength to reclaim important moving averages. The uptrend might be part of a bearish reversal pattern and could cause a drop in the coming sessions if it played out. Cosmos and Ethereum Classic...Read More
Some important levels to watch out for were highlighted for Chainlink, as it sought to rise above resistance at $12.5. Monero showed that neither the bears nor bulls dominated its market. This balance between buyers and sellers could slowly tip toward the buyer side, as the sell pressure of the past few days wanes and...Read More
2020 has been extremely opportunistic from a professional trading perspective. Although the larger economic landscape has suffered due to the current Pandemic, several organizations have had their stocks flying at an all-time high price. The best example out there was Tesla’s meteoric rise. Source: Trading View Between 18th March 2020 to 1st September 2020, Tesla’s...Read More
Bitcoin Cash had some positive news on the adoption side of business. Technical analysis also showed Bitcoin Cash might be in a consolidation phase in the short term. The selling pressure on Cardano over the past few days appeared to have weakened. Stellar Lumens bears also appeared to be exhausted in the short term. Bitcoin...Read More
Chainlink has suffered as many altcoins have. In fact, LINK marines seemed to be scrambling as the cryptocurrency’s price trotted around the $12-mark, with more dips expected. The market cap of LINK had shrunk from $6.3 billion a week ago to $4.5 billion, as of writing. The 24-hour price change didn’t point to a sign...Read More
Litecoin‘s charts showed that LTC was still caught in a strong downtrend, one that had not yet slowed down. Polkadot registered a potentially bearish pattern, one that could set up a sharp drop for the cryptocurrency in the coming days. Finally, Steem’s charts indicated that it could be heading further lower. Litecoin [LTC] Source: LTC/USD...Read More
Bitcoin contributed to a whole host of sell liquidation orders as it dropped from $11,400 to $10,000 a few days ago. On BitMEX alone, about $264 million worth of sell liquidations were registered. Further down the ladder, Ethereum Classic and Maker continued to slide down south as well. Bitcoin had been able to stave off...Read More
Bitcoin, the world’s largest cryptocurrency, was trading at $10,147, at the time of writing, while Ethereum climbed as high as $361 before falling again. Stellar Lumens showed no change in its bearish outlook, however, and could drop even further. Ontology’s charts suggested that it might be in a consolidation phase after the drop from $0.95...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize within the next 24-hours After clocking in a value of $307 on 5 September, Ethereum’s recovery over the past 36 hours has been strong. On 6 September at 21:00 UTC, a local top at $360 was...Read More
The descent in Bitcoin’s price has been drastic but at the time of writing, it was holding steady above the $10,000 level, something that, as we all know, is ephemeral. Bitcoin’s price wants to dip to the low-$9,000s and the same will happen eventually, however, until then, keeping your hands off trading would be good...Read More
Cardano exhibited bearishness in its short and long-term outlook. In fact, it is likely that the crypto-asset will see another drop of close to 20% in September. Further down the cryptocurrency ladder, Algorand‘s price bounced a bit, but could be headed down south once more. Dash was trading above an important level of support on...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer, and the same should materialize over the course of this week Dealing with the weight of a bearish onslaught at press time, Bitcoin SV declined below crucial support lines on the charts...Read More
Ethereum was launched in the year 2015, with great fanfare by developers and investors alike. All those expectations came to a harsh realization when the scalability, security, and other issues were presented in the Protocol. After a while, the creators and founders behind the project made some small improvements around the edges. This was enough...Read More
Tron was trading near important levels of retracement, while Synthetix was still in the throes of a sharp correction, at the time of writing. Further, EOS showed a lack of momentum in either direction, with the crypto likely to consolidate near its support in the next few days. Bitcoin, the world’s largest cryptocurrency, was able...Read More
The cryptocurrency marketcap slid by nearly $50 billion in the past few days to stand at $325 billion at the time of writing. XRP showed it might be able to hold on to the support level. Chainlink had slid by double-digit percentage points and surged by double-digit points to touch $12 from lows of $9.75....Read More
In the aftermath of a big drop, Ethereum dropped to $308, and was trading at $340 during the time of writing. More than an upside target, Ethereum would be looking to not lose support. Crypto.com Coin broke into the top 10 recently and was not ready to relinquish that status yet. Basic Attention Token lost...Read More
Cardano has been dropping quickly in value and currently stands at $0.0880 with a market cap of $2.7 billion, which has also seen a drop from $3.16 billion in the last 24 hours. No longer in the top-10 ranks, ADA’s journey south does not seems to be over yet. Cardano 1-day chart ADAUSD TradingView The...Read More
Any bitcoin drops under $10,000 are being bought up quickly leading to long bottom wicks. This shows that there are a lot of bidders under $10,000 waiting eagerly to buy bitcoin. At press time, however, on a lower time frame, Bitcoin formed a bullish pattern; hence, in the short term, we can expect bitcoin to...Read More
Bitcoin Dominance climbed to 61.55, as fear and bears continued to hold sway over crypto markets. Bitcoin SV and Cosmos were holding on to a support level, while Zcash exhibited a bullish signal. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV bounced off support level at $151, and was trading at $161 at the...Read More
Decred, Binance Coin and Monero were trading near important levels of support. Recovery from the recent drop can take weeks and will be signaled when the assets reclaim levels of resistance they so recently had counted as support. Decred [DCR] Source: DCR/USDT on TradingView Bollinger bands’ mouth was wide, which is to be expected after...Read More
“The time to buy is when there’s blood on the streets”, said Baron Rothschild. It could be difficult to discern whether the bloodshed has halted, or if there is more red to be seen. Tezos, Litecoin and Bitcoin Cash showed no signs of halting as they nosedived past support levels. A redeeming fact was that...Read More
When it rains, it pours – Thus goes the saying. Bitcoin found its ceiling at $12,000 and failed to break past it, despite multiple attempts. In fact, the euphoria surrounding Bitcoin and the market’s surging altcoins seems to have abated off-late too. While the Fear and Greed Index registered a reading above 70 for all...Read More
Cardano has failed to hold on to multiple levels of support over the past month after it looked set to consolidate at the end of an uptrend. Further, Binance Coin looked healthy as it soared above $25, only to be brought back to earth by the market-wide crash a few days ago. Ontology also had...Read More
