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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 look at their charts. Bitcoin...
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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 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 sliding, holding below the 200-,...
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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 is trading around 440. It...
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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 bearish alignment, and price is...
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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 the 200-, 100-, and 50-hour...
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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 back above some key resistance...
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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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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 outlook toward the August-low of...