Archive | April 25, 2018

Bitcoin Price Technical Analysis for 04/26/2018 – Another Reversal Pattern in the Works?

Bitcoin Price Key Highlights Bitcoin price is correcting from its recent climb but might be on track to form a larger reversal pattern. A bounce off the area of interest could lead to the formation of an inverse head and shoulders. Technical indicators are reflecting the presence of bullish pressure. Bitcoin price looks ready to… […]

Cryptocurrency Traders Reported to FBI and SEC For Pump and Dumps

Discord chat group Bitcoin Bravado has been accused of scheming to create a cryptocurrency pump and dump scheme by a potential member who group leader now says has a “bone to pick.” Discord Group Accused of Planning Pump and Dump Scheme A potential member of the Bitcoin Bravado group has gone on to Steemit in order… […]

Tom Lee Would Put “Fresh Money” into Bitcoin Instead of Bitcoin Cash

As the Bitcoin Cash hard fork date approaches wall streets favorite crypto analyst Tom Leee sides with Bitcoin over Bitcoin cash for new money. Lee Likes Bitcoin Over Bitcoin Cash Tom Lee sat down with the panel of CNBC’s Fast Money once again to talk about the differences between Bitcoin and Bitcoin cash at the… […]

Ripple Price Technical Analysis – Can XRP/USD Recover?

Key Highlights Ripple price declined from the $0.9640 swing high and broke the $0.8500 support against the US dollar. There is a short-term connecting bearish trend line forming with resistance at $0.8080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.8080 and $0.8150 resistance levels to… […]

Ethereum Price Technical Analysis – ETH/USD Support Turned Resistance

Key Highlights ETH price tumbled and broke a major support at $648-660 against the US Dollar. This week’s highlighted important bullish trend line with support at $660 was breached on the hourly chart of ETH/USD (data feed via Kraken). The pair retested the broken support at $648, but it acted as a resistance and prevented… […]

Ethereum price analysis – Temporary downwards price correction

Ethereum price soared up to a day high of $712 on Tuesday before a downwards price correction attempt became evident pulling the price downwards to a day low of $596 on Wednesday. The market bulls failed to break through the resistance around $713.24, which corresponds to the 61.8% Fibonacci retracement. The upwards trend which has […]

Bitcoin Cash Price Technical Analysis – BCH/USD Broke Key Support

Key Points Bitcoin cash price extended its downside move and traded below the $1,350 support against the US Dollar. Yesterday’s highlighted crucial bullish trend line with support near $1,355 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now consolidating losses above the $1,240 level and it… […]