Bitcoin has grown by $16,000 over the past few weeks. Such a movement no longer falls under the definition of “ordinary”. It is true that the cryptocurrency is quite capable of passing 5-6 thousand dollars in one direction in one
Bearish persistence below the price zone of 1.2050-1.2000 was needed to establish a short-term downtrend. Shortly after, Bearish re-closure below 1.2100 then 1.2050 allowed more bearish domination. Initial bearish targets were located around 1.1940 then 1.1800 which offered some bullish
Gold rallies as the DXY even if the Dollar tries to increase versus its rivals. The price was into a temporary correction in the short term. It remains to see how the yellow metal will react in the next hours.
4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 132.9123 The British pound traded quite calmly on Friday and Monday. However, in general, its
4-hour timeframe Technical details: Higher linear regression channel: direction – downward. Lower linear regression channel: direction – downward. Moving average (20; smoothed) – sideways. CCI: 62.7228 The British pound continued its relatively strong upward movement on Thursday, July 22. It
The main cryptocurrency continues its downward trend. There is no doubt that the “bullish” trend is complete. However, we would like to mention a few important points that can also help traders and investors. The first thing to note is
Bitcoin volatility has dropped dramatically. Bitcoin price is trading above $30,000 and below $40,000 since May. Since late June price is stuck between $31,000 and 38,000. Price has formed a short-term bearish channel and as long as we do not
China has put huge pressure on bitcoin and other altcoins after they banned miners from working on their territory, as well as after banning Chinese crypto companies and over-the-counter dealers from conducting transactions related to cryptocurrencies. This caused a storm