Cryptocurrency Analysis and News Portal
Quick take:Yesterday, John Bollinger had cautioned that Bitcoin’s attempt at $20k is a classic top setupBitcoin has since dropped from $19,900 to $18k in a flash crashThe 50-day moving average seems like a good area for a bounceOther macro support zones lie at $16,300, $15,600 and $14,800Late yesterday, the inventor
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In brief:According to John Bollinger, Bitcoin’s current rally is a picture-perfect advance. BTC has broken the $12k ceiling and managed to turn it into a support zone. $13,000 could be in sight if Bitcoin’s momentum is maintained. The inventor of the popular charting tool/indicator of Bollinger Bands, John Bollinger, has stated that Bitcoin’s
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In summary:John Bollinger has warned that Bitcoin needs to keep moving up or risk printing a head-fake. Bitcoin is having a hard time breaking and holding the important $9,600 price level. However, recent news developments from Visa, Mastercard, Paypal and the OCC, might provide fuel for a continual push-up. The inventor of the
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With Bitcoin trading sideways for so long and volatility dropping to such uncharacteristic lows, crypto analysts are watching the Bollinger Bands closely. Even the tools creator has since spoken out about the current price action in BTCUSD. In the past, when he speaks, a major move often follows. Is it once
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Bitcoin price is at a critical moment in its market cycle. And although it’s been said dozens of times before, the next move could choose the trend direction for months to come.At this very moment, the asset is testing a level that in the past, rejection has caused a 40%
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Quick take:June was a relatively stable month for Bitcoin and July looks set to follow a similar path. The lack of volatility by Bitcoin is forming a Bollinger squeeze that could be followed by a major move in either direction. At the time of writing this, there is a 50/50 chance it
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[sociallocker id="55298"] Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.“This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator.A ‘head-fake’ trade
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Bitcoin (BTC) briefly fell back below $7,200 on Dec. 14 as bearish sentiment continued to pervade cryptocurrency markets.Cryptocurrency market daily overview. Source: Coin360Bollinger: Bitcoin preparing for next breakoutData from Coin360 showed BTC/USD hit a sharp downturn on Saturday, losing around $70 in a matter of minutes and abandoning ground
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