Day: December 17, 2019

Bitcoin Breakdown Looks Real, $6.2K On The Horizon?

boss

Bitcoin price is down around 4% and it broke the key $7,000 support against the US Dollar. The price is likely to continue lower towards $6,500 or $6,200 in the near term. There is a short term contracting triangle forming with resistance near $6,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gather momentum once it breaks the $6,800 support area. Bitcoin (BTC) price is showing signs of bearish continuation below $6,800 against the US Dollar. BTC bears seems to be eyeing a…

Bitcoin & Crypto Market At Risk of Further Losses: LTC, BNB, BCH, TRX Analysis

boss

The total crypto market cap is declining and it is now trading below the $185.0B support. Bitcoin price is down 3% and it recently broke the $7,000 support area. Binance coin (BNB) price dived more than 8% below $14.00 and $13.50. Litecoin (LTC) price is sliding and trading well below the $40.00 support area. BCH price finally traded below the main $40.00 support area. Tron (TRX) price is down 5% and it is now trading near the $0.0132 support area. Bitcoin (BTC) and the crypto market cap are declining and…

Ripple (XRP) Landslide To Continue: ETH Down 6%, BTC Breaks $7K

boss

Ripple price is down close to 6% and it broke the $0.2050 support area against the US dollar. The price is likely to continue lower below $0.2000 and $0.1980 in the near term. Earlier, there was a break below a couple of bearish continuation patterns with support near $0.2120 and $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also down more than 6% and it is now trading near the $130 support. Ripple price is declining heavily against the US Dollar and bitcoin.…

Ethereum (ETH) Nosedives To Final Bearish Target, Can It Recover?

boss

Ethereum is down more than 6% and it broke the key $140 support area against the US Dollar. The price tested the final bearish target near the $132 and $130 levels. There is a short term contracting triangle forming with resistance near $133 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $136 or $138. Ethereum price is diving below key supports versus the US Dollar and bitcoin. ETH price could continue to move down towards…