Update on Monaco. MCO — BTC on May 22, 2018

May 24, 2018

#MCO The coin is showing the opportunity for the good entry. Can go lower, but now we can see that the market is ready to go beyond the formed downtrend wedge on its upper edge, which is a good sign. On the 12 hours timeframe, the indicators confirm the opportunity to grow and show the […]

Technical analysis Bitcoin. BTC-USD on May 24, 2018

May 24, 2018

BTC The market keeps following the scenario going to 7200 level. We can point the long-term trend line on the 1-day timeframe, which is the strong support near 6950 level, thus, the 6950-7200 range is a possible reversal level from which the coin will start to form the uptrend movement towards the long-term trend line.  

Technical analysis Bitcoin. BTC-USD on May 24, 2018

May 24, 2018

BTC In the short term, there is still a possibility to touch 7800, as we said yesterday. There is not enough impulse to go further, probably 7800 level would be difficult to go through and next the price will go to test 7200 zone.  The regular damps for the last period bring the panic and further global […]

Market review on May 23, 2018

May 24, 2018

The panics subside, looks like the market is trying to consolidate on the current levels, alts have found the local bottom and ready to bounce. Now we can see the panic sell, as it was last time on May 11, many coins are losing their volumes and flying down. Don’t panic in case of drops, it’s […]

Update Bitcoin. BTC-USD May 23, 2018

May 24, 2018

#BTC Stoch RSI and RSI on 4 hours is in the oversold zone, ready to push the market towards 8000-8150 levels, however, there is a possibility on the higher timeframes to move towards 7200 level. Технический анализ Bitcoin. BTC-USD на 23 мая 2018

Technical analysis Bitcoin. BTC-USD May 23, 2018

May 23, 2018

BTC The bears dominate, the market remains within the downtrend channel, we can go up to its upper verge, but the overall picture shows the downtrend movement. Now we have touched 7800 level, which corresponds to the golden ration Fib 0.618, which can form the correction bounce from the support level. RSI and Stoch RSI on 4h timeframe are […]