Month: August 2020

Secret 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? From there, Bitcoin rolled over and began to head lower. It broke below the rising rate channel at the end of last week but discovered support at a parallel trend line. Bitcoin traded above this pattern line over the past 3-days but broke beneath here today as it crashed underneath the $11,600 support (.236 Fib Retracement) to reach $11,500. As August progressed, we can see that Bitcoin was trading within a rising rate channel. The coin continued to trade within this cost channel as it reached the August high of $12,471 as it rea...

Key Highlights Bitcoin visited 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% cost decrease today 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? From there, Bitcoin rolled over and started to head lower. It broke underneath the rising rate 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 $11,600 assistance (.236 Fib Retracement) to reach $11,500. As August advanced, we can see that Bitcoin was trading within a rising price channel. The coin continued to trade within this rate channel as it reached the August high of $12,471 ...

Secret Emphasizes Bitcoin came 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 came by 9% over the past week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? Taking a look at the day-to-day chart above, we can see that Bitcoin had penetrated above a symmetrical triangle towards 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 started to head lower. It broke below the rising rate channel at the end of last week however found support at a parallel pattern line. Bitcoin traded above this pattern line over the previous 3-days but broke beneath here today as it crashed below the $11,60...

Key Highlights Bitcoin visited 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% price 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? Taking a look at the daily chart above, we can see that Bitcoin had actually permeated above an in proportion 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. As August advanced, we can see that Bitcoin was trading within an increasing cost 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. From there, Bitcoin rolled over and began to ...

Secret Highlights Bitcoin came by 5.57% this week 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? Taking a look at the day-to-day chart above, we can see that Bitcoin had actually permeated above an in proportion triangle toward the end 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 started to head lower. It broke below the increasing price channel at the end of recently however discovered assistance at a parallel pattern line. Bitcoin traded above this trend line over the previous 3-days but broke beneath here today as it c...

Secret Highlights Bitcoin dropped 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 visited 9% over the previous week as it reached the $0.28 level. BITCOIN PRICE ANALYSIS What has been going on? Taking an appearance at the everyday chart above, we can see that Bitcoin had penetrated above a balanced 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. 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 an...

Key Highlights Bitcoin visited 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 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 penetrated above an in proportion triangle towards completion of July as it rose 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 below the rising rate channel at the end of last week but found assistance at a parallel trend line. Bitcoin traded above this trend line over the past 3-days but broke underneath here today as it crashed underneath the $11,600 assi...

Key Emphasizes Bitcoin visited 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% rate decrease today 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 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. Having a look at the everyday chart above, we can see that Bitcoin had penetrated above an in proportion triangle towards 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 started to head ...

Key Highlights Bitcoin stopped by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% cost decrease today 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 rate channel. The coin continued to trade within this rate channel as it reached the August high of $12,471 as it reached the resistance at a 1.414 Fib Extension level. Taking a look at the daily 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 greater to reach the $11,800 level in August. From there, Bitcoin rolled over and started to h...

Secret Highlights Bitcoin dropped by 5.57% today as the coin reached $11,500. Ethereum saw a 8.8% cost decrease today 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 below the rising rate channel at the end of last week but found support at a parallel pattern line. Bitcoin traded above this pattern line over the previous 3-days but broke underneath here today as it crashed below the $11,600 assistance (.236 Fib Retracement) to reach $11,500. Taking a look at the daily chart above, we can see that Bitcoin had actually permeated above an in proportion triangle toward completion of July as it surged above the $9,200 level. The coi...