Bitcoin (BTC) – Odds are still in bears’ favor despite the lack of impetus during the Christmas weekend

Posted on Sunday, December 25 2022 at 8:02 pm GMT+0000

Bitcoin (BTC) has been consolidating at the lower end of the medium-term downtrend heading into the festive season. Particularly, the crypto-king has been posting a series of tiny candlesticks just below the 20-day simple moving average, lacking a clear direction. Trading volumes have been decreasing persistently since early November then thinned in an exceptional fashion […]

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Bitcoin (BTC) – Downside forces are expected to dominate in the short-term

Posted on Thursday, December 22 2022 at 8:43 pm GMT+0000

Bitcoin (BTC) could not escape the 20-day exponential moving average despite the impressive jump on Tuesday. The crypto-king remains under pressure as FTX pain continues, with FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleading guilty to federal charges in the Southern District of New York on Thursday. However, the market […]

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Compound (COMP) – Sellers applying intensive pressures to further deteriorate the medium-term outlook

Posted on Monday, December 19 2022 at 9:07 pm GMT+0000

After almost a month of quiet price action, Compound (COMP) sellers applied intensive pressures last Friday and pressed the price towards the November 9th bottom of 32.43, while aiming to underpin the medium-term bearish structure. The falling 20- and 50-day exponential moving averages are promoting the continuation of the two-month-old bearish pattern, and the oscillators […]

Continue Reading (YFI) – Sellers looking to underpin the medium-term bearish structure

Posted on Sunday, December 18 2022 at 9:10 pm GMT+0000 (YFI) flipped backwards after the last recovery fizzled out just near the October 13th bottom, with the price plunging back towards the 5268 four-month low, a breach of which will underpin the current bearish structure. From a technical perspective, the 20- and 55- day exponential moving averages are plummeting along with price action, endorsing […]

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Bitcoin (BTC) – At risk of another steep sell-off

Posted on Thursday, December 15 2022 at 8:48 pm GMT+0000

Although Bitcoin (BTC) climbed to a fresh five-week high on Wednesday, it has been struggling to advance beyond the 55-day exponential moving average and the key 18,000 – 18,400 resistance band. According to the technical picture, the recent cheerful recovery from a two-year low could be coming to an end. First, the crypto-king seems to […]

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Cardano (ADA) – Sellers looking to underpin the medium-term bearish outlook

Posted on Monday, December 12 2022 at 8:34 pm GMT+0000

Cardano (ADA) has dipped back beneath the 20-day simple moving average rekindling the dominant bearish tone, after a failed attempt to overstep the tough resistance barricade molded by the 21st of October low and the 12th of December high. The negatively charged simple moving averages are endorsing the bearish outlook. Moreover, the ROC has slid […]

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Bitcoin (BTC) – Technical indicators are feeding optimism for further recovery

Posted on Sunday, December 11 2022 at 8:53 pm GMT+0000

Bitcoin (BTC) has been drifting sideways slightly above the 20-day simple moving average during the second week of December, producing a series of tiny candlesticks. Although the medium-term outlook remains gloomy for now, technical indicators are feeding optimism for further recovery. The squeezed and flattening Bollinger bands are indicating that price volatility has dried up, […]

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Avalanche (AVAX) – Sellers are attempting to rekindle the medium-term negative bearing

Posted on Thursday, December 8 2022 at 9:37 pm GMT+0000

Avalanche (AVAX) sellers are attempting to rekindle the medium-term negative bearing following a minor recovery, in association with the 40-day exponential moving average, which managed lately to neutralize the bullish pressures. The 20- and 40-day exponential moving averages are negatively charged and the oscillators are suggesting that the negative impetus is ready to jump-start. The […]

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Bitcoin (BTC) – Still at risk of further deterioration

Posted on Wednesday, December 7 2022 at 9:06 pm GMT+0000

  Bitcoin (BTC) has been struggling to stretch the recent positive legs from a fresh two-year low of 15,400 towards the 23.6% Fibonacci retracement level of the August – November downtrend. The medium-term outlook is still obviously gloomy, despite the recent stall in the negatively-skewed structure. Although the southwards slope of the 20-day simple moving […]

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