Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap gained momentum and broke the key $252.0B resistance area. Bitcoin price surged above the $8,500 and $8,650 resistance levels. Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134. Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels. EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area. Stellar (XLM) price is about to gain momentum above the $0.1250 level. The crypto market cap gained sharply, with positive moves…

Bitcoin Price Analysis: Bullish Market Structure Upheld Following…

Summary: Although we saw a strong sell off yesterday, the bullish market structure has yet to be violated. The weekly support has been confirmed for the time being and our parabolic advance is still intact. We are currently failing to hold support in the $8,500s for our intraday market structure. As we test the failed support we have yet to confirm if it has new found resistance. If we fail to regain the level we can expect to see an intraday retest of our weekly support level in the $8,100s.…

Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher. Bitcoin price bounced back above the $7,700 and $7,800 resistance levels. Bitcoin cash price gained a strong bullish momentum and jumped back above $400. EOS price is recovered above the key $6.00 and $6.05 resistance levels. Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels. Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels. The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC)…

Bitcoin Price Analysis: Macro Resistance Could Push Price Down to $6,000s

Summary: The bitcoin market is seeing some pullback as the monthly and weekly resistance level has proven to be a tough level to crack. On the daily level we can see a couple of attempts to break the level, but ultimately this was matched with strong selling pressure. On bitcoin’s four-hour chart we can see that support that once held the market up is now turning into support with a failure to reclaim the level. If we fail to reclaim the $7,800s, we can expect to see a retest of…

Bitcoin Price Analysis: Where Is the Local Top for This Parabolic Run?

Summary: The bitcoin market has gone parabolic as we blasted off through two major weekly levels. The resistance got crushed due to a high amount of short positions that were force liquidated in an event known as a “short squeeze.” We are currently testing the $8,000 level but a major weekly resistance level looms directly overhead in the $8,150 area. The price structure is looking fairly climactic and we might see a strong round of selling hit the market that could potentially pull us down to retest the mid-$6,000s. If…

Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis

The total crypto market cap climbed higher sharply and broke the key $170.0B resistance. Litecoin (LTC) price is up more than 6% and it recently broke the $74 resistance Bitcoin cash price surged more than 13% and surpassed the key $270 barrier. EOS price is slowly grinding higher towards the $4.85 and $4.90 resistance levels. Cardano (ADA) price is up more than 5% and broke the $0.0680 resistance level. The crypto market cap cleared many hurdles, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as bitcoin cash,…

Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

Summary: Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows. The move was swift, but after a few days of sideways consolidation, the market is now seeing a retest of macro resistance in the $5,300 level. So far, the market has yet to reclaim the broken support, but the…

Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

Summary: After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support. The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close above the $5,600 level. Major resistance lies just overhead in the upper…

Crypto Market In Corrective Decrease: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap recently broke the key $170.0B support area. EOS price declined sharply and broke the $5.40 and $5.25 support levels. Bitcoin cash price declined around 4% and broke the $295 and $290 support levels. Tron (TRX) price failed to gain traction and cleared the $0.0252 support zone. Cardano (ADA) price is under pressure and it could decline towards the $0.0700 support. The crypto market is in a corrective decrease, with losses in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB, and other…