#BTC
OUTLOOK: Upticks will likely be short-lived, Eyes $6900
Bullish RSI divergence on hourly favors minor rally to $7300
Overall outlook remains bearish as indicated by yday's bearish outside-day candle, which negates exhaustion signaled by Sunday's small doji.
OUTLOOK: Upticks will likely be short-lived, Eyes $6900
Bullish RSI divergence on hourly favors minor rally to $7300
Overall outlook remains bearish as indicated by yday's bearish outside-day candle, which negates exhaustion signaled by Sunday's small doji.
#BTC bulls would breathe a sigh of relief if BTC closes above 50-week MA of $7,708 on Sunday
4hour chart: #BTC has another go at the trendline hurdle. A break higher would expose 50MA located at $7612
#BTC
OUTLOOK: Neutral
Ysday's bull outside-day has neutralized immediate bearish outlook
Only a positive follow-through today would confirm a short-term bullish reversal
But, 10-day MA and 50-candle MA on 4hr are capping upside
#BTC Could revisit $7,100 if fails to cut through 50-candle MA on 4hr in the next few hours.
OUTLOOK: Neutral
Ysday's bull outside-day has neutralized immediate bearish outlook
Only a positive follow-through today would confirm a short-term bullish reversal
But, 10-day MA and 50-candle MA on 4hr are capping upside
#BTC Could revisit $7,100 if fails to cut through 50-candle MA on 4hr in the next few hours.
#ETC
OUTLOOK: Bullish - falling wedge breakout
This one could rise to 50-day MA located at $18.60 if the broader market remains bid.
The bullish breakout also means ETC will likely outperform peers, even if the broader markets tank.
OUTLOOK: Bullish - falling wedge breakout
This one could rise to 50-day MA located at $18.60 if the broader market remains bid.
The bullish breakout also means ETC will likely outperform peers, even if the broader markets tank.
CryptoBullet
#BTC OUTLOOK: Neutral Ysday's bull outside-day has neutralized immediate bearish outlook Only a positive follow-through today would confirm a short-term bullish reversal But, 10-day MA and 50-candle MA on 4hr are capping upside #BTC Could revisit $7…
#BTC 4hour chart
As noted earlier, repeated failure to beat the 50MA has yielded a drop below $7,400.
The decline could be extended further to $7,100
As noted earlier, repeated failure to beat the 50MA has yielded a drop below $7,400.
The decline could be extended further to $7,100
#BTC
OUTLOOK: Eyes $7,870 - trendline hurdle
4hr chart: Higher low (minor rising trendline) adds credence to bull RSI divergence and Tuesday's bullish outside-day candle.
BTC has also moved abv 4H 50MA in convincing manner.
OUTLOOK: Eyes $7,870 - trendline hurdle
4hr chart: Higher low (minor rising trendline) adds credence to bull RSI divergence and Tuesday's bullish outside-day candle.
BTC has also moved abv 4H 50MA in convincing manner.
So, #BTC may peep above 50-week MA located at $7,700.
However, only a convincing move above $7,700 (weekly close) would signal BTC is out of the woods.
However, only a convincing move above $7,700 (weekly close) would signal BTC is out of the woods.
#BTC Bearish scenario
A drop to $6,900 could be on the cards If BTC fails to capitalize on a bullish setup discussed above and falls below $7,270 in the next 24 hours.
A drop to $6,900 could be on the cards If BTC fails to capitalize on a bullish setup discussed above and falls below $7,270 in the next 24 hours.
📰 Bittrex is launching fiat trading on Thursday for Bitcoin, Tether and TrueUSD. The service will initially be available only to corporate customers in Washington, California, New York and Montana for regulatory reasons, but the firm said it plans to expand the offering to retail investors eventually.
📰US independent rating agency, Weiss Ratings, has published its complete list of 93 cryptocurrency ratings. The company has upgraded its BTC rating to B-. The list shows 14 coins with B ratings including ETH, IOTA, NEO, XRP, STEEM, TRX, and XLM. Fifty-four of the rated cryptocurrencies carry C ratings.
📰 The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount.
Indian foreign minister Sushma Swaraj explained, “We cannot have any trade in cryptocurrency as it is banned by the Reserve Bank of India. We will see which medium we can use for trade.”
Indian foreign minister Sushma Swaraj explained, “We cannot have any trade in cryptocurrency as it is banned by the Reserve Bank of India. We will see which medium we can use for trade.”
#BTC
OUTLOOK: Remains on hunt for trendline hurdle
Rebound from $7413 established another higher low (bullish pattern)
50MA has shed bearish bias (now flat lined)
RSI biased bullish
Eyes $7,818 (trendline + 100MA)
Acceptance below $7413 would abort bull view
OUTLOOK: Remains on hunt for trendline hurdle
Rebound from $7413 established another higher low (bullish pattern)
50MA has shed bearish bias (now flat lined)
RSI biased bullish
Eyes $7,818 (trendline + 100MA)
Acceptance below $7413 would abort bull view
#BTCUSD 5-month, 10-month MA bear cross confirmed for the first time since 2014.
So, Long-run outlook remains bearish.
As for today, BTC could test $7,818 a noted above.
So, Long-run outlook remains bearish.
As for today, BTC could test $7,818 a noted above.
#BTC hourly chart
This looks like a rising wedge. A downside break would imply resumption of the sell-off.
Bulls need progress soon.
This looks like a rising wedge. A downside break would imply resumption of the sell-off.
Bulls need progress soon.