Cryptocurrencies

BTCUSD Long-term Trend – Bearish Distribution territories: $12,000.00, $13,000.00, $14,000.00. Accumulation territories: $8,000.00, $7,000.00, $6,000.00. In spite of lower highs than lower lows on the BTC/USD pair, the long-term trend chart has not been able to make a significant move away from a bearish outlook. On April 29, the pair declined a bit below the […]

Daily analysis of USD/CHF for May 7, 2018 USD/CHF This pair has normally been going upwards as EURUSD is going downwards. Price has gained over 800 pips since February 16 (it gained 130 pips last week). The great psychological level at 1.000 has eventually been reached and a lot of activity has started around that […]

ETHUSD Medium-term Trend: Bullish   Resistance: $760, $750, $740 Support: $690, $700, $710 The ETHUSD pair was in a ranging market yesterday. Price of the asset was ranging from the resistance level at $700 to the support level at $650. The MACD line and the signal line are below the zero line. Today, the ETHUSD […]

At first sight, the relationship between Bitcoin and the US dollar seems fairly obvious. Bitcoin is designed to serve (1) as a means of payment, (2) as a decentralized ledger for recording assets and liabilities, and (3) as a store of value. Based on Bitcoin’s underlying design, its proponents claim that it is “money”. As […]

Daily analysis of USD/CHF for April 30, 2018 USD/CHF This pair went upwards last week (gaining 150 pips). Over 300 pips have gained in the last two weeks, and this is just the beginning, because the northwards journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been […]

BTCUSD Long-term Trend – Bearish Distribution territories: $11,000.00, $12,000.00, $13,000.00. Accumulation territories: $7,000.00, $6,000.00, $5,000.00. BTCUSD, like many other digital assets across the globe, witnessed a volatile price decline on April 25. The BTC market prices are averaging a bit above the distribution territory of $9,000.00 right now, after tumbling below the accumulation...

ETHUSD Medium-term Trend: Bullish   Resistance: $680, $670, $660 Support: $620, $630, $640   Yesterday, April 24, Ethereum price was in a bullish market and reached the resistance level at $700. The bulls have attempted breaking the resistance level without success. The reason for this is that the resistance level was previously a strong support level that was […]

Cryptocurrencies, a decentralized form of money that is free of government influence are already driving serious economic discourse in different parts of the world. Some people believe that decentralized money is a solution to some of the economic problems in the world and others believe that decentralized money could potentially birth bigger economic problems. Interestingly, […]

BTCUSD Long-term Trend – Bearish Distribution territories: $10,000.00, $11,000.00, $12,000.00. Accumulation territories: $7,000.00, $6,000.00, $5,000.00.   Though the trend outlook in the BTCUSD long-term trend chart is still bearish. Bitcoin has been making a more appreciable rebound against the US dollar since 12th of April while producing a dramatic northward spike. There have been...

BTCUSD Medium-term Trend: Bullish   Resistance: $9,500, $9,000, $8,500 Support: $6,500, $7,000, $7,500   Yesterday, April 18, price of Bitcoin which fell was as a result of price pullback. It was at the resistance level of $8,500 that it faced opposition. We also assume that if price of Bitcoin continues with fall in price, it […]