#Price Analysis

Price Analysis: BTC-USD Breaks Above the Psychological $420 Level

April 7, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD is currently up just 0.09% on today’s open as the market tried to extend below fractal support at $420 — but the market has rebounded with the price currently at $421.40. Immediate resistance is found at $421.91 and a daily close above this level will provide a long-term bullish...

ETH-USD Down Almost 6% as Bears Look to Target $8 Handle

April 5, 2016 by Jamie Holmes at News, Price Analysis

ETH-USD has plunged almost 6% from today’s opening price on the Kraken exchange after testing the $12 psychological level over the weekend. The chart below displays the 4-hour price action of ETH-USD and illustrates a bearish outlook over the medium-term; firstly, the Ichimoku cloud has switched from green to red,...

Bearish Momentum Starting to Take Hold of BTC-USD

April 1, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD is hardly changed on today’s open, currently trading 0.18% higher on the BitStamp exchange, but as the chart below illustrates, it looks as if sellers are gaining the upper hand as they look to take the price action lower. The 4-hour chart below shows that the price action has...

Price Analysis: ETH-USD Looking for Another Attempt at $15?

March 30, 2016 by Jamie Holmes at News, Price Analysis

The market looks ready to gear up for another bullish run with the price action contained within a tight range between fractal support and resistance. The chart below shows the daily price action, and the market has recently moved above the conversion (blue)line which is now providing minor support. This...

BTC-USD Market Awaiting Break of Fractal Levels

March 25, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD is hardly changed on today’s open on the BitStamp exchange, currently trading around $416.35, up 0.28% today. A close above $417.50 today would generate a bullish signal on the daily timeframe and should see bullish momentum dominate over the weekend. Otherwise, we are likely to see range trading between...

Price Analysis: ETH-USD Attempting Bullish Kumo Breakout

March 23, 2016 by Jamie Holmes at News, Price Analysis

ETH-USD is up almost 7% today on the Kraken exchange with the market attempting a Kumo (Ichimoku cloud) breakout to the upside as illustrated by the chart below. After the market tested psychological support at $10.00 and $8.00, ETH-USD has appreciated with increasing buying interest. The price action has broken...

Bullish Momentum Picks Up in BTC-USD

March 23, 2016 by Jamie Holmes at News, Price Analysis

Bullish momentum has picked up in BTC-USD after the market formed a bullish hammer candlestick on Saturday, indicating strong buying interest just above the $400 handle. Yesterday also saw a neutral bullish signal as the market closed above both the base line and conversion line suggesting further appreciation in Bitcoin...

Fresh All-Time High Due Again for ETH-USD?

March 16, 2016 by Jamie Holmes at News, Price Analysis

ETH-USD has experienced heightened volatility after posting a fresh all-time high above at $15.1799, bouncing between $15.00 and $10.00 over the past few days. The chart below shows the short-term outlook; buyers are in control since the price is above the Ichimoku cloud but their dominance seems to be weakening;...

BTC-USD Bears Looking For Another Shot at $400

March 8, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD has seen limited price action today after two days of appreciation, currently down 0.82% on today’s open. Safe-haven assets benefited recently from disappointing Chinese trade data which has rekindled fears about the state of the global economy. The trading volume on the BitStamp exchange has fallen today, suggesting we...

ETH-USD Finds Support at $8.50 After Posting an All-Time High at $11.99

March 8, 2016 by Jamie Holmes at News, Price Analysis

Since the beginning of March, ETH-USD volatility on the Kraken exchange has jumped with the market hovering around $6.0000 and ascended steadily to the $10 psychological handle after breaking the key fractal resistance around $6.5000. Then the market briefly ranged before taking another leg up to post an all-time high of...

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