Technical Analysis

Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.

Markets

Bitcoin Again Bounces Off 'Cloud' Support, Resistance at $42.6K

The Ichimoku cloud has consistently acted as a support during recent market swoons.

By Omkar GodboleMar 14, 2022

Bitcoin's weekly chart, highlighting the Ichimoku cloud support and recent bull failure above $42,600 (TradingView)

Markets

Bitcoin Weighed Down by Resistance; Support at $35K-$37K

Upside could be limited with the potential for higher volatility next week.

By Damanick DantesMar 11, 2022

Bitcoin daily chart with resistance levels (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Returns to Range Below $40K; Support at $35K-$37K

Pullbacks could stabilize into the Asia trading day.

By Damanick DantesMar 10, 2022

Bitcoin four-hour chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Enters Resistance Zone Between $40K-$45K

BTC appears to be overbought on intraday charts.

By Damanick DantesMar 9, 2022

Markets

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

The order, which is expected to be issued this week, could be a source of volatility.

By Damanick Dantes, Angelique ChenMar 8, 2022

WASHINGTON, DC - NOVEMBER 06: U.S. President Joe Biden speaks during a press conference in the State Dining Room at the White House on November 6, 2021 in Washington, DC. The President is speaking after his Infrastructure bill was finally passed in the House of Representatives after negotiations with lawmakers on Capitol Hill went late into the night. (Photo by Samuel Corum/Getty Images)

Markets

Bitcoin Approaches $40K; Resistance at $43K-$45K

Narrow price zones could benefit short-term trades within the prevailing downtrend.

By Damanick DantesMar 8, 2022

Bitcoin four-hour chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Holding Support Above $35K-$37K, Resistance at $45K

BTC appears to be oversold on intraday charts, although momentum has weakened.

By Damanick DantesMar 7, 2022

El gráfico de cuatro horas de bitcoin muestra el soporte/resistencia con el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Extends Pullback Toward $37K-$40K Support Zone

BTC is in a wide trading range with strong overhead resistance. Technical indicators are mostly neutral.

By Damanick DantesMar 4, 2022

Bitcoin weekly chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Takes a Breather; Support at $37K-$40K

Intraday charts show downside exhaustion, which could encourage short-term buying.

By Damanick DantesMar 3, 2022

Bitcoin's daily chart shows support/resistance levels. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin's 'Ichimoku Cloud' Breakout Could Lead to Continued Uptrend

While bitcoin's cloud breakout points to more gains ahead, heightened geopolitical risk calls for tight stop loss on all crypto positions, one observer said.

By Omkar GodboleMar 3, 2022