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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Mar 26, 2019 1:23 pm

BTC/USD

Last week the price of Bitcoin was in a minor in which the price increased by 2.17% – coming from $4057 at its lowest point on Monday to $4145 at its highest spike on Thursday. From there the price of Bitcoin started decreasing fast as it came down to $4004 in a matter of hours which indicated that the sellers are starting to gain control as the price previously came up to the vicinity of the prior high level and found resistance there again.

Image

On the hourly chart, you can see that the price of Bitcoin broke down below the ascending trendline which was the minor trendline from 4th of March and retested it from the downside for resistance last Saturday which cause the price to start moving in a downward trajectory once more.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Mar 28, 2019 12:41 pm

LTC/USD

From last Thursday when the price of Litecoin was around $61.58 we have seen sideways movement in a range between the resistance level at $62.5 and the support at $58.2. Today the price has retested the horizontal resistance level of the mentioned sideways range and is currently sitting around $61.613.

Image

On the hourly chart, we can see that the price of Litecoin ended its five-wave to the upside. It formed a descending structure after. Today the price broke its resistance line but was stopped out at the minor horizontal resistance level with the price currently being in a downward trajectory. As the price is still above the resistance zone I was expecting a retest of its significant level at $57.558 which hasn’t occurred, but the price fell close to it on Tuesday coming to $58.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun Mar 31, 2019 11:28 am

Ethereum Price Weekly Analysis: Can ETH Bulls Keep Uptrend Going?

ETH price rallied in the past few days and broke the $139 and $144 resistances against the US Dollar.
The price is currently correcting lower, but it could find a strong support near the $139 zone.
There is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair remains in an uptrend as long as there is no daily close below the $139 support zone.

Ethereum price is placed in a solid uptrend versus the US Dollar and Bitcoin. ETH/USD could test the $139 support area before it starts a fresh bullish wave above $144.

Ethereum Price Analysis

This past week, ETH price formed a solid support base near the $137 level against the US Dollar. The ETH/USD pair started a solid upside move and traded above the $139 and $142 resistance levels. There was a successful close above the $139 level and the 100 simple moving average (4-hours). It cleared the path for more gains and the price traded above the $144 resistance area. It traded close to the $146 resistance level and later started a substantial downside correction.

The price traded below the $142 level and the 50% Fib retracement level of the last wave from the $137 low to $145 swing high. However, the price found a strong buying interest above the key $139 support area. Moreover, there is a major ascending channel in place with support at $140 on the 4-hours chart of ETH/USD. The 61.8% Fib retracement level of the last wave from the $137 low to $145 swing high also acted as a support. The price recovered, but the $142 area is acting as a hurdle.

It seems like there could be another dip in ETH price below the $140 level. However, the $139 support zone is likely to act as a crucial buy zone. As long as there is no daily close below the $139 level, the price is likely to bounce back in the near term.

Ethereum Price Analysis ETH Chart

The above chart indicates that ETH price is clearly placed in an uptrend, but bulls need to prevent the $139 support area. On the upside, a break above the $142 and $144 levels is needed for more gains. The next key resistance is near $146, above which the price is likely to test the $150 resistance level.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is slowly moving in the bearish zone, with a few negative signs.

4 hours RSI – The RSI for ETH/USD is currently correcting lower from the 75 level and it could test 55.

Major Support Level – $139

Major Resistance Level – $144
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun Mar 31, 2019 10:22 pm

thanks for work
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 02, 2019 2:54 pm

BTC/USD

From yesterday when the price of BTC was at $4163 the BTC/USD pair has increased by 22.7% today measured to the highest point the price has been which is at $5108.

Image

On the hourly chart, you can see that the price came to the descending trendline on Saturday when the interaction has been made. Then a minor retracement occurred to the 0.786 Fibonacci level where the price found support on a quick spike as it came back to the significant resistance level and was hovering around before finally going above it slightly, retested it from the upside. After that strong momentum was shown to the upside as the price increased impulsively and parabolically.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 09, 2019 3:58 pm

BTC/USD

From last Tuesday when the price of Bitcoin was sitting around $4192 we have seen an exponential increase of the price of Bitcoin as on the same day it increased by around 17% in a matter of hours to $4894. The following the day the price continued its upward trajectory and has come up by another 8.15% before a significant pullback occurred on Friday when the price fell by approximately the same as the previous increase, as it came down from $5327 to $4861.9 which was a decrease of 8.73%.

Image

Over the weekend the price continued increasing and came up to $5332 level again which has proven to be a significant resistance point as the price previously came to that level. It caused a sharp pullback, and has attempted another breakout yesterday but has been stopped out at those levels. Today the price again came close to the horizontal resistance level before starting to move to the downside again.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 11, 2019 5:00 pm

LTC/USD

From yesterday’s high at $91.318 the price of Litecoin has decreased by 12% measured to the lowest point the price has been today at $79.87. The price has been in a downtrend from Saturday when it came up to around $98, and then decreased by around 20% and is still moving to the downside.

Image

Looking at the hourly chart, you can see that the price of Litecoin is in a corrective stage after the price increased parabolically last week. As I have counted the sub-waves of the corrective structure we are now seeing its third component developing. The RSI is signaling extremely oversold conditions as it came down below 20% mark.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 16, 2019 1:30 pm

BTC/USD

From yesterday’s high at $5222 the price of Bitcoin has decreased by 4.58% measured to today’s low at around $4980 which was only a quick spike as the hourly candle closed at $5031. Since then the price has made a slight recovery and is currently in an upward trajectory sitting at $5106.6.

Image

Last week the price of Bitcoin experienced sideways movement from Monday until another spike to the upside was made to $5483.5 on Wednesday. But straight after the price started plummeting down with strong momentum and made a downfall of around 10% in one go as it came down to $4935.7 on Friday. This downfall has led the price below the support line of the ascending channel but the price managed to go back inside its territory.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 18, 2019 4:39 pm

LTC/USD

From yesterday when Litecoin was at $81.894 the price hasn’t changed much as its currently being traded at around $81.

Image

On the hourly chart, you can see that the price of Litecoin has been moving sideways from the 12th of April when a decrease with strong momentum has been made. As the price previously ended its impulsive move to the upside, a correction started developing out of which we have seen three waves. This means that I could have ended with the current structure being a consolidative range before finally the next move to the upside would start.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Fri Apr 19, 2019 11:53 am

Looks to me like BTC is about to fall more.
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 23, 2019 2:04 pm

BTC/USD

From yesterday’s low at $5275, the price of Bitcoin has increased by 5.95% as its currently being traded at $5580. The price was moving sideways over the weekend and was in a minor downtrend yesterday, but since it came down to the mentioned low levels it started increasing impulsively.

Image

On the hourly chart, you can see that the price came up to its significant resistance levels out of which the first one is a horizontal and the other is an ascending one. Both are significant as they are the upper outline of the range in which the price action has been stuck in for quite some time now, and considering that they are intersecting around the current levels there we can assume that strong resistance would be found and judging by the looks of the current hourly candle the price might have already encountered it.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 25, 2019 1:20 pm

LTC/USD

From last week when the price of Litecoin was sitting at $84.4 on Monday’s high, we have seen a decrease of 14.73% measured to yesterday’s low at around $71.9 which is the weekly low so far. The price has recovered slightly from yesterday’s downfall and reached $74.36 at its highest point today but again started decreasing and is currently sitting at around $73.

Image

On the hourly chart, we can see that the price made a breakout to the downside from the expanding structure that was seen from the 12th of April and that with strong momentum. As previous to the formation of the expanding structure, I have counted a three-wave correction we are most likely seeing its continuation. The expanding structure looked like it could have been the start of the next impulsive move the upside but since a breakout to the downside occurred instead it was most likely the 4th wave out of the same correction.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 30, 2019 3:16 pm

BTC/USD

From last Monday when the price of Bitcoin was $5266.5 we have seen an increase of 7.27% until Wednesday when the price came up to $5649. Since Wednesday the price of Bitcoin experienced a downfall below Monday’s open as the price came down to by 8.23% at its lowest point on Friday when it was sitting at $5185 at the open and even spiked lower to $5056. Over the weekend we have seen another increase as the price started recovering. But the increase ended on Sunday when the price reached the horizontal resistance at around $5562 from where another minor downtrend has started.

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On the hourly chart, you can see that the price action formed an expanding triangle from Sunday until today as the attempt for a breakout to the upside is currently being made. The price looks like it found some strong resistance as indicated by the wick from the upside seen on the last hourly candle so we are yet to see if the attempt ends as a fakeout.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 14, 2019 3:15 pm

BTC/USD

The price of Bitcoin has continued increasing over the weekend and has come up from $6225 on Friday’s low to $8166 at its highest point today which is an increase of 31.5%. This increase is a continuation of the impulsive move started on the 26th of April and is the ending wave of the higher degree count.

Image

The price broke the significant resistance level at around $6250 which is highly significant as it was the major support point on the way down. This could indicate the start of the bull market and considering the momentum behind the upward movement, this could be likely.

[URL="https://blog.fxopen.com/bitcoin-bulls-target-8500-and-9000-ripple-spikes-up-by-29/"]Read more...[/URL]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun May 19, 2019 7:59 pm

Pretty good analysis, thanks

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 21, 2019 4:42 pm

BTC/USD

Last Monday when the price of Bitcoin was sitting at $6976 we have seen an increase of 18.88% measured to the weekly high at $8294 made on Thursday but immediately after reaching those levels, the price fell sharply and steeply as it came down by 14.36% on the following day coming to around $7100. From Friday and throughout the weekend the price has recovered close to the level of Thursday’s high at $8200 on Monday’s open.

Image

From Monday the price has been decreasing and came down to $7676 as the price action created a head and shoulder pattern which is considered to be the “top” pattern. As the price fell another upside move has been made after but with the price struggling to exceed the Monday’s high before showing signs of weakness as it encountered resistance below it at around $8020. The price is currently being traded at $7936 and has been in an upward trajectory since yesterday but as it hadn’t exceeded the previous high on the yesterday’s upward momentum it is now likely headed down to some of the significant support levels out of which the currently most significant one would be the ascending trendline made from 11th of April.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu May 23, 2019 4:49 pm

LTC/USD

From yesterday’s high at $91.53 the price of Litecoin has decreased by 6.16% and is currently being traded at $86. The price started moving with strong momentum to the downside on yesterday’s interaction with the horizontal support level from the prior upper range and continued on during the day.

Image

On the hourly chart, you can see that the price of Litecoin has started falling below the second horizontal support level at $86.4 which is the ending point of the 1st wave of a higher degree. This means that the increase seen over the weekend was corrective as it ended as a three-wave correction. This was validated by the price going below $90.5 which was the significant invalidation point.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 28, 2019 2:55 pm

BTC/USD

The price of Bitcoin has been increasing since last week and has come up from $7550 at its lowest point on Thursday, to $8892 at its highest point made yesterday which is an increase of around 18%.

Image

Looking at the hourly chart, you can see that the price of Bitcoin was still inside the territory of the symmetrical triangle made by the corrective 4th wave, last week. As the correction developed fully, establishing support again on the triangles support level another and the final wave has started to develop. This final ending wave of the Minute count and with the 5th wave from the higher degree Minor count. As it hasn’t developed fully another increase would be expected but only as a minor once, potentially reaching $9400 before its completion.

[url=https://blog.fxopen.com/btc-usd-and-xrp-usd-another-minor-increase-before-a-downturn-expected/]Read more on FXOpen...[/url]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu May 30, 2019 3:05 pm

LTC/USD

From last week, when the price of Litecoin was $84.94 at its lowest point on Thursday 23rd we have seen an increase of around 40% as the price reached spiked to $122.32 at its highest, but found strong resistance at $118 below which the majority of the hourly candles closed.

Image

This increase was expected to play out as an ending wave from the five-wave increase we’ve seen developing from 29th of April when the price of Litecoin was sitting at $69.23. As the price reached the projected level and has done so in a five-wave manner we have likely seen the end of the increase, although the confirmation is awaited.

[url=https://blog.fxopen.com/ltc-usd-and-eos-usd-close-to-completion-of-the-ending-wave-downturn-shortly-expected/]Read more on FXOpen blog...[/url]
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Sun Jun 09, 2019 4:59 am

Great analysis man... What can you say about privacy coins like Veil and Monero. I see you have analysed Dash. Veil is currently @.09. There is every possibility it would pump to 0.4 or close to it's ATH in the next alts bull.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jun 11, 2019 2:02 pm

BTC/USD

From yesterday’s open at $7581 the price of Bitcoin has increased by 5.76% as it came up to $8017 at its highest point today. Last Friday the price came up to $8140 which was the first significant horizontal resistance level on the way up which is why the price got rejected at those levels and was sent back to the levels from which the increase was made. As today we have seen the price coming slightly lower than on Friday it has gotten close to the significant resistance point again and is currently forming a cluster as indicated by the price action.

Image

Looking at the hourly chart, you can see that the price hasn’t come up above the purple interrupted line which is the mentioned first significant resistance point above which it is considered to be the start of the 2nd wave’s territory out of the presumed five-wave move from Thursday 30th of May. If we are seeing the starting downtrend with the first five-wave move developing to the downside, the price cannot enter the territory of the 2nd wave on the 4th and as the level was respected the likelihood of the starting downtrend in a five-wave manner is highly likely.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jun 18, 2019 12:01 pm

BTC/USD

On yesterday’s open the price of Bitcoin was sitting around $8985 as the price came down to the descending trendline after an interaction was made with the 0.382 Fibonacci level on Sunday. From there the price made another attempt to surpass the Fibonacci level but the interaction again ended as a rejection causing the price to pull back to $9058 at its lowest point today and is currently being traded at $9134.

Image

On the hourly chart, you can see that the price has increased from last Monday and managed to go above two significant horizontal resistance levels – first being at $8140 and the second around $8500, which indicated strong bullish momentum. As the price increased parabolically the next and the most significant horizontal Fibonacci level was reached and has been interacted with for two times with the interactions ending as rejection the price hasn’t managed to break out to the upside.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Jun 20, 2019 1:42 pm

EOS/USD

From last Monday the price of EOS has been in an upward trajectory and has recovered by around 19%, coming from $6 at the open to $7.211 on Tuesday 18th. Since the price reached its weekly high it started decreasing again and has fallen by 8% on the next day coming to $6.67 but is currently trading slightly above at around $6.774.

Image

On the hourly chart, you can see that the price of EOS attempted to break out to the upside on three occasions but the resistance found at $7.211 was stronger than the upward momentum which is why a rejection those levels brought the price down to the first significant horizontal support level at $6.81 around which the price is currently hovering. As this retest of support is currently in play we could see further downfall especially considering that the price failed to keep up the bullish momentum past the minor resistance point.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jun 25, 2019 1:47 pm

BTC/USD

From last weeks Monday when the price of Bitcoin was sitting at $8986 at its lowest, we have seen an increase of 26.55% measured to the highest point the price has been today which is at $11372. The price continued increasing after yesterday’s pullback of around 4.87% which brought the price down to $10633 and is still in an upward trajectory.

Image

On the hourly chart, you can see that the price of Bitcoin came up to the 0.5 Fibonacci level and has been stopped out at the resistance found on those levels yesterday which is why we’ve seen the formation of the horizontal sideways range. But the pullback was only a minor one as the price continued increasing steadily after the retracement and is currently attempting to break out to the upside above the significant resistance point.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jul 02, 2019 3:09 pm

BTC/USD

Last week the price of Bitcoin started failing impulsively after reaching $13714 at its highest point on Wednesday. The price decreased by over 24% on the next day as it came down to $10400 at its lowest spiked by the hourly candle closed above $10772 after which recovery took place. From Friday’s open at $10817 we have seen a recovery of 14.12% on Saturday as the price came up slightly below the 0.618 Fibonacci level which is in price terms at $12342.

Image

On the next day, another attempt has been made for the price to surpass the 0.618 Fib level but the price action formed a lower high which was an early sign of weakness with the price immediately starting to move impulsively to the downside again as the third wave out of the starting downtrend has begun.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Jul 04, 2019 4:15 pm

LTC/USD

From Tuesday’s low at $114.26, the price of Litecoin has increased by 9.16% measured to its highest point today which was at $124.75. The price spiked even higher, reaching $126.98 at its peak but the hourly candle closed below $125 area.

Image

Looking at the hourly chart, you can see that the price of Litecoin fell to the minor horizontal support level on Tuesday where it found support, as the price spiked further below it but the hourly candle managed to close above. This was the ending point of the five-wave impulse to the downside according to my count which makes the increase seen from Tuesday most likely corrective in nature. The price is currently being traded at $122.3 and is retesting the significant horizontal level which is considered to be a median line from the resistance zone between $137 and $109.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jul 09, 2019 2:51 pm

BTC/USD

From last Tuesday when the price of Bitcoin came down to $9833 at its lowest point we have seen an increase of 30% measured to the highest point the price has been today which is at $12814. The price is currently being traded at $12348 and even spiked further down to $12119 at its lowest point today.

Image

Looking at the hourly chart you can see that the price of Bitcoin came up above the ascending trendline zone which served as resistance on the way up and has retested it on today’s spike to the downside and found support there which indicates that the trendline zone is still serving as a significant pivot point. The price came down last Tuesday in a three-wave manner after which a five-wave increase has been seen forming a lower high with the price going below the ascending range and the 0.5 Fibonacci level.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Jul 11, 2019 5:41 pm

EOS/USD

From yesterday’s high at $5.9224 the price of EOS has decreased by 23.38% as it fell down to $4.53 and even spiked further down to $4.32 at its lowest point. The price is currently being traded at $4.71 as it found support at the significant horizontal support level and is attempting to make a recovery.

Image

On the hourly chart, you can see that the price of EOS fell to the projected level in a five-wave manner but hasn’t made an expected recovery. The price struggled to move back up above the 0 Fib level and finally as the seller’s pressure has served as resistance there and the buyers look like they gave up with another sell-off started a breakout below $5.8 level.

Read more on FXOpen blog: https://blog.fxopen.com/ltc-usd-and-eos-usd-the-prices-crash-as-the-corrective-increase-ended/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jul 16, 2019 2:18 pm

BTC/USD

From yesterday’s low at $9931 the price of Bitcoin increased by 10% as it came up to $10932.2 at its highest point today. The price is currently being traded slightly lower at $10676 as a minor pullback occurred.

Image

On the hourly chart, you can see that the price came above the 0.236 Fib level on today’s high and is currently retesting it for support on the retracement. The price is slightly below the Fib level but we can’t say that a breakout started as the price managed to stay around the level for eight hours. Today’s high was followed by wicks from the upper side which indicates that the price has entered the seller’s territory but we have seen a wick from the lower side on the hourly candle below the 0.236 Fib level which indicated buyers presence.

Read more on FXOpen blog: https://blog.fxopen.com/btc-and-xrp-recovery-continues-but-the-prices-are-struggling-to-keep-up-the-upward-momentum/
Cryptocurrency Trading with FXOpen Broker

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jul 16, 2019 10:32 pm

We are entering intermediate bear market.
Whichever chain wins,the world wins ImageImageImageImage

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