#BTC last 4hr candle failed to cross the descending trendline...ended on a flat note (created doji, signaling indecision).
$8,300 could be seen if the current 4hr candle dips below $8,600
$8,300 could be seen if the current 4hr candle dips below $8,600
BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018
There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.
There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.
#BTCUSD
OUTLOOK: Bearish
4hour chart: Rejection at falling trendline followed by downside break of expanding channel indicates sell-off from $9,990 has resumed.
BTC could drop below $8K and test supp at $ $7,800.
Close abv 10-day MA would abort bearish view
OUTLOOK: Bearish
4hour chart: Rejection at falling trendline followed by downside break of expanding channel indicates sell-off from $9,990 has resumed.
BTC could drop below $8K and test supp at $ $7,800.
Close abv 10-day MA would abort bearish view
#BTC created a gravestone doji on hourly chart... could be an indication the recovery from the daily low of $8,100 has ended
#BCHBTC
OUTLOOK: Bearish
Rejection at 5-day MA to embolden bears.
5,10 MAs and 14-day RSI is biased bearish.
Drop to 0.1383 (May 1 low) likely.
Only close above 10-day MA would abort bearish view.
OUTLOOK: Bearish
Rejection at 5-day MA to embolden bears.
5,10 MAs and 14-day RSI is biased bearish.
Drop to 0.1383 (May 1 low) likely.
Only close above 10-day MA would abort bearish view.
#BTC
OUTLOOK: Bearish
Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.
5,10 MA and RSI biased bearish.
5-50 bear cross ahead.
Looks set to test $7,800.
Move abv 10DMA would abort bearish view.
OUTLOOK: Bearish
Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.
5,10 MA and RSI biased bearish.
5-50 bear cross ahead.
Looks set to test $7,800.
Move abv 10DMA would abort bearish view.
#ETHBTC
OUTLOOK: Bearish
Bearish RSI divergence
Ascending trendline breached
5,10 MAs are beginning to rollover in favor of the bears.
Could drop to 0.08-0.077 in next couple of days.
Close abv 0.0862 would abort bearish view.
OUTLOOK: Bearish
Bearish RSI divergence
Ascending trendline breached
5,10 MAs are beginning to rollover in favor of the bears.
Could drop to 0.08-0.077 in next couple of days.
Close abv 0.0862 would abort bearish view.
📰 Switzerland is formally considering the possibility of a state-backed cryptocurrency.
The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported.
The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported.
#BTC: recovery from the intraday low of $7,925 could be associated with oversold conditions shown by the relative strength index.
The broader trend remains bearish
The broader trend remains bearish
#BTC 4-hour chart:
The bullish divergence on the RSI simply became invalid without yielding a notable corrective rally. Such exceptions have been observed when the downtrend is very strong.
The bullish divergence on the RSI simply became invalid without yielding a notable corrective rally. Such exceptions have been observed when the downtrend is very strong.
Ethereum Could Be the Next Apple: Steve Wozniak
Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week.
According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna.
“Ethereum interests me because it can do things and because it’s a platform,” he said, adding that it could prove to be as influential as Apple over the long-term.
Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week.
According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna.
“Ethereum interests me because it can do things and because it’s a platform,” he said, adding that it could prove to be as influential as Apple over the long-term.