Day: September 24, 2018

Bitcoin (BTC) Price Watch: Short-Term and Long-Term Reversal Patterns

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Bitcoin Price Key Highlights Bitcoin price has broken past the neckline of a short-term double bottom to signal that an uptrend is underway. Price is also in the middle of forming a longer-term double bottom visible on its 4-hour chart. Bitcoin has yet to test the neckline on this larger reversal formation at the $7,400 level. Bitcoin price has confirmed its short-term double bottom but has yet to complete a larger one to signal a longer-term climb. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA on…

XLM Surge as Altcoins Claw Back 2018 Losses

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The recovery of altcoin prices can be attributed to a combination of technical and fundamental factors. Technically, EOS, Litecoin, Stellar Lumens, Monero and even Cardano are on a downtrend shedding more than 80 percent from 2017 peaks. Most noteworthy is the 96 percent slide in Cardano prices. History has it that recoveries are inevitable after such deep retracements. However, considering the wave of sell pressure and depth of retracement, it will be a while before prices re-test 2017 highs. Let’s have a look at these charts: EOS Price Analysis Bonnum…