Month: August 2020

Key Emphasizes Bitcoin stopped by 5.57% this week as the coin reached $11,500. Ethereum saw a 8.8% rate decrease this week as it reached $390 today. XRP stopped by 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? Having a look at the everyday chart above, we can see that Bitcoin had actually permeated above a balanced triangle toward the end of July as it surged above the $9,200 level. The coin continued greater to reach the $11,800 level in August. From there, Bitcoin rolled over and began to head lower. It broke beneath the increasing price channel at the end of last week however found support at a parallel pattern line. Bitcoin traded above this pattern line over the past 3-days but broke underneath here today as it crashed underne...

Key Emphasizes Bitcoin came by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% price decline today as it reached $390 today. XRP stopped by 9% over the previous week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? Having a look at the everyday chart above, we can see that Bitcoin had actually penetrated above a balanced triangle towards completion of July as it surged above the $9,200 level. The coin continued higher to reach the $11,800 level in August. From there, Bitcoin rolled over and started to head lower. It broke underneath the rising cost channel at the end of last week but discovered support at a parallel trend line. Bitcoin traded above this trend line over the past 3-days but broke beneath here today as it crashed beneath the $11,...

Key Emphasizes Bitcoin came by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% cost decline this week as it reached $390 today. XRP dropped by 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? As August advanced, we can see that Bitcoin was trading within a rising cost channel. The coin continued to trade within this price channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level. From there, Bitcoin rolled over and started to head lower. It broke beneath the rising cost channel at the end of last week however discovered support at a parallel trend line. Bitcoin traded above this pattern line over the previous 3-days but broke underneath here today as it crashed below the ...

Key Highlights Bitcoin stopped by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% price decrease this week as it reached $390 today. XRP visited 9% over the previous week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? As August advanced, we can see that Bitcoin was trading within an increasing price channel. The coin continued to trade within this cost channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level. Taking an appearance at the daily chart above, we can see that Bitcoin had actually permeated above a balanced triangle toward completion of July as it rose above the $9,200 level. The coin continued greater to reach the $11,800 level in August. From there, Bitcoin rolled over and sta...

Key Emphasizes Bitcoin came by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% cost decrease today as it reached $390 today. XRP stopped by 9% over the previous week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? As August progressed, we can see that Bitcoin was trading within an increasing price channel. The coin continued to trade within this price channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level. From there, Bitcoin rolled over and began to head lower. It broke underneath the rising cost channel at the end of recently however found support at a parallel trend line. Bitcoin traded above this pattern line over the past 3-days but broke below here today as it crashed underneath the ...

Secret Highlights Bitcoin came by 5.57% this week as the coin reached $11,500. Ethereum saw a 8.8% rate decline this week as it reached $390 today. XRP visited 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? Taking an appearance at the daily chart above, we can see that Bitcoin had actually permeated above a symmetrical triangle toward completion of July as it surged above the $9,200 level. The coin continued higher to reach the $11,800 level in August. From there, Bitcoin rolled over and began to head lower. It broke underneath the rising cost channel at the end of recently but found assistance at a parallel trend line. Bitcoin traded above this trend line over the past 3-days but broke below here today as it crashed underneath the ...

Secret Emphasizes Bitcoin stopped by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% cost decline this week as it reached $390 today. XRP came by 9% over the previous week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? From there, Bitcoin rolled over and began to head lower. It broke beneath the rising price channel at the end of last week but found support at a parallel trend line. Bitcoin traded above this pattern line over the previous 3-days but broke underneath here today as it crashed underneath the $11,600 assistance (.236 Fib Retracement) to reach $11,500. As August progressed, we can see that Bitcoin was trading within an increasing price channel. The coin continued to trade within this cost channel as it reached the August high of ...

Key Highlights Bitcoin stopped by 5.57% this week as the coin reached $11,500. Ethereum saw a 8.8% cost decrease this week as it reached $390 today. XRP stopped by 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? As August progressed, we can see that Bitcoin was trading within an increasing rate channel. The coin continued to trade within this price channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level. From there, Bitcoin rolled over and started to head lower. It broke beneath the increasing price channel at the end of recently but discovered assistance at a parallel pattern line. Bitcoin traded above this pattern line over the previous 3-days however broke underneath here today ...

Secret Emphasizes Bitcoin came by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% rate decrease this week as it reached $390 today. XRP came by 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? Having a look at the day-to-day chart above, we can see that Bitcoin had permeated above a symmetrical triangle towards the end of July as it rose above the $9,200 level. The coin continued higher to reach the $11,800 level in August. As August advanced, we can see that Bitcoin was trading within a rising rate channel. The coin continued to trade within this price channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level. From there, Bitcoin rolled over and began to head lower. It ...

Key Highlights Bitcoin dropped by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% rate decline this week as it reached $390 today. XRP dropped by 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? From there, Bitcoin rolled over and started to head lower. It broke beneath the rising cost channel at the end of recently but discovered assistance at a parallel trend line. Bitcoin traded above this pattern line over the previous 3-days however broke below here today as it crashed beneath the $11,600 support (.236 Fib Retracement) to reach $11,500. Having a look at the day-to-day chart above, we can see that Bitcoin had permeated above a balanced triangle towards the end of July as it surged above the $9,200 level. The coin cont...