Tag: momentum
Bitcoin Pulls Back; Litecoin Challenges Downtrend
Cryptocurrencies bitcoin and litecoin have been bearish in 2014. While bitcoin continues its bearish mode, litecoin is consolidating, with signs of life. Let’s take a…
Bitcoin Consolidating Between 379 and 431
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…
Bitcoin Falls Below 400 and Litecoin Stalls at 4.00
Bitcoin in Bearish Continuation after the FOMC Event Bitcoin is continuing a downtrend that accelerated this week. The 4H chart shows a market that has been…
Bitcoin Falls to a 4-Month Low; Litecoin Stalls
Bitcoin price (BTCUSD) started the week at about 480. It has been falling sharply, and as we get started with the 4/18 US session, bitcoin…
Bitcoin Threatening the 456 September-Low; Litecoin Stalls
Bitcoin remains bearish as we can see on the 4H chart. – The 200-, 100-, and 50-period simple moving averages (SMAs) are sloping down, in…
Bitcoin Turning Bearish with a Mini Range Breakout
Sideways Market: Bitcoin has been trading sideways in the past week or two. In the 1H BTCUSD chart you can see a market that has…
Bitcoin Threatening Bearish Continuation; Litecoin Hanging on
Bitcoin (BTCUSD) Bitcoin was a bit choppy this week. After falling below last week’s consolidation low of 470, bitcoin found support at 456 and rallied…
Bitcoin Tests Bullish Outlook; Litecoin Rallies Above Resistance
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…
Bitcoin and Litecoin Staying Resilient
Bitcoin Reverses after Breakout Bitcoin started the week with a bearish breakout, falling below last week’s low of 470, and thus opening up a bearish…
