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 Rangebound, Holding Support Above $46K

The cryptocurrency is roughly flat over the last week.

By Damanick DantesAug 31, 2021

Bitcoin four-hour price chart shows short-term support and resistance levels with RSI.

Markets

Bitcoin Holding Support; Stuck Below $50K Resistance

Upside appears to be limited towards $50,000-$55,000, given signs of slowing momentum and strong overhead resistance.

By Damanick DantesAug 30, 2021

Bitcoin four-hour price chart shows short-term support and resistance levels.

Markets

Bitcoin Holds Short-Term Support; Upside Limited to $50K

Buyers will need to defend lower support levels this weekend to avoid a series of lower price highs.

By Damanick DantesAug 27, 2021

Bitcoin four-hour price chart

Markets

Bitcoin in Pullback Mode; Support Near $45K

Support above the $42K-$45K breakout should hold.

By Damanick DantesAug 25, 2021

Bitcoin four-hour chart

Markets

Bitcoin Struggles at Resistance; Support Near $48K

Initial support around $48K could stabilize the pullback.

By Damanick DantesAug 24, 2021

Bitcoin hourly chart

Markets

Bitcoin Approaches Resistance Near $50K-$55K

Upside momentum is strengthening on daily and weekly charts, which suggests buyers are in control.

By Damanick DantesAug 23, 2021

Bitcoin daily chart

Markets

Bitcoin Holds Support at $45K; Faces Resistance at $50K

Buyers will likely remain active on pullbacks into the weekend.

By Damanick DantesAug 20, 2021

Bitcoin daily chart

Markets

Bitcoin Declines; Approaching Lower Support at $42K

Bitcoin will need to remain above $40,000-$42,000 in order to resume the uptrend towards $50,000-$55,000.

By Damanick DantesAug 19, 2021

Bitcoin four-hour chart

Markets

Bitcoin Holds Support Near $43K as Rally Pauses

The cryptocurrency is down 3% in the last 24 hours.

By Damanick DantesAug 18, 2021

Bitcoin four-hour chart

Markets

Bitcoin Rangebound Near $50K Resistance; Support at $40K

BTC is trading around the 200-day moving average and will need to break out of a short-term range to resume the uptrend.

By Damanick DantesAug 17, 2021

Bitcoin daily chart
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