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Tag Archives: Technical

OKEx Removes Bytecoin Trading Over “Technical Flaws”

It seems these are very tough times for Bytecoin community. Although the altcoin has always been considered to be somewhat controversial, it now seems multiple exchanges have decided to get rid of this particular altcoin altogether. OKEx is the latest to join this growing list, even though it is far from the biggest market for BCN at this time. Bytecoin Faces ...

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Bitcoin Price Technical Analysis: BTC/USD Extends Consolidation Action

The Bitcoin’s sideways action is gaining strength in what has so far been a quiet month. However, the digital currency, unlike its mainstream cousins, is displaying adequate volatility for day traders to enter and exit positions on attractive intraday profits. The focus remains firmly on the Securities and Exchange Commission’s take on the nine Bitcoin ETF applications it has received. ...

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Technical Indicators Recommend ETH Sells

Though liquidity is building, there are limitations for further upsides as ETH consolidates. Unless there are rallies above Sep highs and $250, our previous Ethereum trading plan is valid. For now, we recommend taking a neutral stand until our ETH trade conditions are met. Latest Ethereum News DEXs are not as common as their centralized counterparts. Though exchanges as BitFinex ...

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What Bitcoin Did Gets Technical with Crypto-Educator Jimmy Song

<iframe style=”border: none” src=”http://html5-player.libsyn.com/embed/episode/id/7132345/height/90/theme/custom/autoplay/no/autonext/no/thumbnail/yes/preload/no/no_addthis/no/direction/backward/render-playlist/no/custom-color/87A93A/” height=”90″ width=”100%” scrolling=”no”  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> On the latest episode of What Bitcoin Did, host Peter McCormack interviews Jimmy Song, a consultant in blockchain education, to take an in-depth look at a relatively recent incident in the world of cryptocurrency and use that as an example to segue into a deeper discussion on the ...

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Charting Expert: Bitcoin Technical Damage Will Take Months to Repair

Price analysts and charting experts are conflicted as to whether or not the recent price rise and persisting stability for Bitcoin and the general cryptocurrency markets signals growing strength or represents the calm before the storm. One charting expert believes that the technical damage done to Bitcoin over the past nine months will take several more months to repair, and ...

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Bitcoin Price Technical Analysis: BTC/USD Confirms Inverse H&S

Bitcoin on Wednesday rose over 3.5 percent against the US Dollar on a bounce back from previous day’s low towards $6,330. The BTC/USD on 1H timeframe has just confirmed the completion of an inverse Head & Shoulder (IH&S) pattern with neckline situated near 6500-6515-fiat area. A buy stop order above the neckline has brought us a decent profit already. We are ...

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Cardano Price: Upward Momentum Will Arrive Soon Based on Technical Analysis

The cryptocurrency markets are stuck between upward momentum and going down in the red even further. More specifically, the Cardano price shows some one-hour bullish signs, yet had suffered significant losses over the past 24 hours. A few interesting days loom ahead in this regard. Cardano Price Momentum Might Intensify It should not take long for all major cryptocurrencies to ...

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Various Technical Indicators are Showing Bitcoin is Severely Oversold

Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent is oversold. Analysts state that ...

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4 Technical Indicators Every Cryptocurrency Trader Should Know

In the world of cryptocurrency trading, there are a few key strategies users tend to follow. These strategies usually rely on looking for specific patterns and determining whether or not they can be lined up to the current and past price movements of specific cryptocurrencies. The following technical indicators are quite popular and for the foundation of technical analysis in ...

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Bitcoin Price Technical Analysis: BTC/USD Hinting Breakdown Action

Bitcoin price on Wednesday recorded a marginal drop of 0.25 percent against a strong U.S. dollar. The BTC/USD today stayed on its prevailing sideways trend, exhibiting intrarange fluctuations of just around $100. The pair began the Asian trading session sheepishly, forming lower highs towards 6308-fiat and lower lows towards 6219-fiat. The sideways sentiment continued as the pair headed into the ...

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