Tag: consolidation

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Bitcoin and Litecoin Awaiting Breakout from Consolidations

Bitcoin and Litecoin have been consolidating after last week's decline. While the cryptocurrencies seem resilient at their current levels, the prevailing downtrends are still...

Bitcoin Consolidating Between 379 and 431

Consolidating after Decline: Bitcoin fell from a high around 480 last week, to 379 on Friday before consolidating. The 1H chart shows btcusd rallying to...

Bitcoin Tests Bullish Outlook; Litecoin Rallies Above Resistance

Bitcoin rallied from a low of 456.30 to begin the week to 492 before retreating. Note that this bullish attempt broke above a falling...

Litecoin Awaits Breakout from Fractal Triangles

Litecoin is forming a descending triangle above last week's inverted head and shoulders pattern. The 1H chart shows price holding support at 4.85, while...

Bitcoin is Testing this Week’s Price Bottom

Bitcoin began the week bearish, falling from last week's high of 534 to 470 this week. For most part of the week, price consolidated...

Bitcoin Breaks Above Consolidation; Resistance Factors Tested

Consolidation Breakout: Bitcoin fell from 523 last week to a low of 470 this week. After consolidating between 470 and 490 for a few sessions,...

Litecoin Awaiting Breakout from Consolidation

Litecoin fell from last week's high of 5.89 to 4.75, which is the low so far this week. The 1H chart shows a market...

Will Bitcoin Remain Bearish?

Backdrop: Bitcoin prices have been on a roller coaster in the past couple of years. In 2013, price was hanging around just above 100,...