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Fractals are recurring patterns in which a price acts in a similar way as it did in a previous instance. While these movements are not identical and often do not transpire in the same length of time,...
When I heard about Bitcoin for the first time in May 2011, it was trading at 8 US dollars. Today, more than eight years later, it trades at around 8,000 dollars. A thousandfold increase! Had I...
The Bitcoin price began the month of September with a gradual increase. However, on September 24, a rapid downward move ensued. This flash crash was present throughout the cryptocurrency market....
After a decisive move in any direction, the price of an asset either creates a continuation or a reversal pattern. As stated by the name, a continuation pattern leads to a movement in the same...
Throughout its history, the Bitcoin price has had numerous repetitive patterns. While they are not as easily identifiable in their early stages, they become more apparent as they continue to develop....
Until now, there have been three major Bitcoin corrections. They began in June 2011, November 2013, and December 2017. Numerous cryptocurrency traders use these as references for future price...
As of Oct. 8, 2019, XRP is the third-largest cryptocurrency based on market capitalization. However, while most of the crypto market has been bullish in 2019, the current XRP price is lower than that...
Moving averages (MA) are often used to determine the direction of a trend. Also, the relationship between the price and its MAs can provide important information in determining whether the current...
While Bitcoin has been steadily gaining value throughout 2019, several other cryptocurrencies have lagged behind. Notably, while most have increased in USD value, the rate of increase has been slower...
Trading patterns are created when the price of an asset trades within the confines of a certain range, following both a support and resistance line. They are very useful in determining the direction...
Bitcoin is down by almost 25% since its Sept. 3 close. That was the top of the last rally since the price began moving with a downward bias after the June 26, $13,764 high. And the likelihood is that...
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to...
Throughout 2019 the cryptocurrency market has been on a bullish run. Bitcoin, Ethereum, XRP, and others have more than doubled in value. The market reached a high on June 27 and has been decreasing...
The Current Market Situation As of October 4rd, crypto markets are still struggling to recover. Since its last sharp drop, BTC fails to retrace to $8500 level while many other currencies see...
On Friday morning, Bitcoin lost 2% and changed hands around $8200. The last thing the market needs now is another sideways trend, so this time the events can develop faster and the price impulses can...