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Please find below our Weekend Update of Bitcoin:
* Bitcoin is narrowed within the consolidation trading range between $7,700 and $8,500.
* Market forces are balanced out and the volatility is extremely low.
* RSI is very close to the oversold condition, but still neutral.
* It is better to wait until the price hits...
Hi, Traders ! Monfex is at your service !
This time we present you our idea of Dash - the brilliant hidden in a haystack.
Let's look through the facts:
* Dash got listed on Coinbase & the Brazilian crypto exchange Cointrade that is definitely positive aspect.
* We think that Dash will further strengthen presence on the global scale since it increasingly...
Hi, Traders ! How is it going ?
Monfex is on the air !
Do you still hold Monero (XMR) in your portfolio ? If yes, than better hurry up with Selling it ag BTC. Of course, if you will find the arguments in favor of this idea convincing enough after reading our analysis.
Just take a look at 1W Chart of Monero (XMRBTC):
* The price is going down relentlessly...
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Evening edition of Bitcoin's chart analysis:
* Bears are slightly pushing the price down, though doing that strictly within the bullish buying range.
* We do not reject the option of the price hitting $7,700 for the third time and this way shaping up the triple bottom pattern.
* Until the price breaks below $7,700,...
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This time we are going to analyze Ripple from the perspective of market cycles, backed up by Fibonacci & Gann's tools.
* From the chart you can see that the complete down move from the top at $0.5175 to the bottom at $0.2150 took about 95 days (22Jun-24Sep), which is called the Intermediate cycle.
* At the same time, the...
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Bitcoin Cash is at the crossroads. In this analysis we will try to find evidence in support of Long & Short scenario.
* Sharp bearish impulse toppled the price of BCH down from $330 to $205 in less than two weeks.
* On the heels of the drop, the price has found the Support near the local bottom registered in the end...
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This pattern of ETH/USD is definitely worth your attention:
* The price is wedged between two short-term trend lines and is right at the inflexion point of the Wedge.
* The correction of the Down Impulse may be coming to an end since the higher high on the price chart might not be supported by a decent bullish power.
*...
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Bitcoin is consolidating before the next impulse up. Watch our signal to be aware of how to react !
* The price has temporarily entered the consolidation area from the upside and seems to gaining more power before making a huge jump to well above $9,000.
* Bears have lost short-term momentum, so any positive trigger...
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We have descried a hidden speculative Long opportunity on Litecoin.
Take a look at 1H Chart:
* We see 3 evident levels, where buyers were stocking up while the price was gradually capitulating.
* After that, the market entered into accumulation/consolidation phase, where Bulls were pushing the price up...
Hi, Traders! Monfex is on the air!
Take a look at Ripple's 1D Chart:
* Against the widespread fall of major cryptos, Ripple proved to have a strong back.
* XRP rolled down to $0.2150 at lowest, where acute buyers stepped in and drove it up quickly to above $0.2500.
* The range $0.2150 - 0.2500 is now designated as the Accumulation area with an increased...
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Bitcoin has been under tough bearish pressure during the last few trading sessions, but the bulls are gradually taking the lead:
* Bears keep pushing on aiming to knock the bullish Support area around $7,500 - $8,000 to pieces.
* From the technical standpoint, the whole picture stays within a protracted correction...
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BCH has somewhat followed the falling pattern of its Bigger Brother, though it remains less volatile.
* Sharp sell-off caused Bitcoin Cash losing around $90 or 30% in value just within few hours.
* On the downside, this huge drop harmed the value of the Crypto itself.
* But from the other side, it created very attractive...
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Bitcoin is under severe pressure: bears keep pushing on aiming to knock bullish Support area around $7,500 - $8,000 to pieces. From the technical standpoint, it still looks like a protracted correction and it is quite hard to descry the point of market equilibrium, so we need to get additional confirmation before...
Litecoin appears increasingly bearish as the new trading week opens as the fifth-largest cryptocurrency languishes towards the $50.00 level. The LTCUSD pair is set for another month of losses, leaving the risk of a possible decline back towards the $36.00 level. Overall, bulls need to move the LTCUSD pair above the $65.00 level or the cryptocurrency could see...
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What is going on with Bitcoin so far ?
* The battle between bulls and bears around $8,000 is not calming down, and the spring really becomes clenched.
* The price has temporarily stopped by the middle of 1D descending channel signalling that market participants took a break in order to determine a further direction.
*...
Hi, Traders !
Look what happened with Ripple during the last days:
* Against the widespread fall of main cryptos, Ripple proved to have a strong back.
* XRP rolled down to not lower than $0.2150, where acute buyers stepped in and drove it quickly up to $0.2500.
* The huge Volume clearly designates the Area of high buying interest.
* We think that Ripple is one...
Hi, Traders !
Monfex is at your service !
Take a look at our Update on Bitcoin:
* The battle between bulls and bears is unfolding around $8,000 level as we predicted.
* There is a broad accumulation around $8,000 pointed out on the Chart. It obviously stands out for the preservation of the bullish tendency.
* Bears need to put forth tremendous effort to...
The hash rate of Bitcoin (BTC) on September 23 declined to a record of 40%. And this leaves the network in a shock. The network’s hast rate dipped to 57,700,000 TH/s from previously 98,000,000.
The sudden drop is still a mystery. And it became striking given the Bitcoin network’s record-breaking string of latest all-time high hash rates throughout summer.
In...
