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Bitcoin and Litecoin have been consolidating after last week’s decline. While the cryptocurrencies seem resilient at their current levels, the prevailing downtrends are still intact. Let’s take a look a...
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Consolidating after Decline: Bitcoin fell from a high around 480 last week, to 379 on Friday before consolidating. The 1H chart shows btcusd rallying to 431 before retreating. In the...
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Bitcoin rallied from a low of 456.30 to begin the week to 492 before retreating. Note that this bullish attempt broke above a falling trendline and the cluster of 200-,...
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Litecoin is forming a descending triangle above last week’s inverted head and shoulders pattern. The 1H chart shows price holding support at 4.85, while the highs are declining. As we...
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Bitcoin began the week bearish, falling from last week’s high of 534 to 470 this week. For most part of the week, price consolidated roughly between 470 and 490. Then...
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Consolidation Breakout: Bitcoin fell from 523 last week to a low of 470 this week. After consolidating between 470 and 490 for a few sessions, price rallied sharply and broke...
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Litecoin fell from last week’s high of 5.89 to 4.75, which is the low so far this week. The 1H chart shows a market that is turning bearish at least...
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Backdrop: Bitcoin prices have been on a roller coaster in the past couple of years. In 2013, price was hanging around just above 100, until late October when it started...