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Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up.However, it is worth noting
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Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance.But despite some headwinds, ETH bulls will likely profit $115 million on Friday's weekly Ether options expiry. The 21% pump over the past week was just enough to make the
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“Broadly speaking, if ether fails to stay above $3,300 there is a risk of a deeper correction to perhaps $1,400 by the end of October,” Noble said in an email. “The Evergrande situation could be similar to the events of 2008, so while the ETH bull case is intact for
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Last week's drop in Bitcoin (BTC) that saw BTC price falling from $47,358 to $43,178 has sparked fears of an extended selloff.Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin's weekly charts concerning its 21-week exponential moving average (EMA). In detail, the cryptocurrency has closed below the said support zone 18
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Other traders remain active, seeking opportunities for investments that will outperform BTC by using options and futures strategies. “Over time, a lot of folks that deployed in crypto went for vanilla (passive) strategies, but saw that they could get more alpha and mitigate risk with active strategies,” crypto hedge fund
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Bitcoin observes a few different bearish signals going off despite strong recovery above $44k, could it be a dead cat’s bounce? On-Chain Data Shows Bitcoin Miners Have Started Selling, Funding Rates Have Turned Negative As explained by a CryptoQuant post, a bunch of bearish Bitcoin signals have gone off despite some fresh
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Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What's next?Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery.The weekend produced little by way of a
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Today’s Ethereum price chart may suggest the formation of a bearish pattern called the “double top”. 100k ETH also flowed into Binance. Ethereum Price Chart Shows Famous “Double Top” Bearish Formation As explained by a CryptoQuant post, the cryptocurrency formed a bearish pattern on the price chart earlier today, and at about
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The Bitcoin leverage ratio is showing a sell signal right now, indicating that the market could turn bearish, at least in the short term. Bitcoin Leverage Ratio Says Not A Good Time To Buy Right Now As pointed out by a CryptoQuant post, the estimated leverage ratio indicates that this might not
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The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency's price and momentum trends.So it appears the Bitcoin's price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong
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