Crypto Frontline

weekly analysis

Weekly Crypto Analysis September 16-22, 2019

Weekly Crypto Analysis September 16-22, 2019

  BTCUSD Coinbase For the past week, Bitcoin continued to trade undecided inside a falling short-term price channel, showing there’s a relative balance between both buyers and sellers. The market looks to wait for either a strong positive or negative news before breaking on either side, but what we know

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Weekly Crypto Analysis September 9-15, 2019

Weekly Crypto Analysis September 9-15, 2019

  BTCUSD Coinbase The Bitcoin price continues to edge higher during the past week but failed around our bearish trend line, where stronger selling emerged again. At the time of writing, we are little above the line, but there seems to be selling interest around the 4h chart 200 MA.

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Weekly Crypto Analysis September 2-8, 2019

Weekly Crypto Analysis September 2-8, 2019

  BTCUSD Coinbase As we’ve expected for the past weeks, Bitcoin started to weaken impulsively and it is now trading around $9,600 on the Coinbase exchange. We don’t think the selling had ended and there could more room in the near term. The key support area to watch stands between

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Weekly Crypto Analysis August 26-31, 2019

Weekly Crypto Analysis August 26-31, 2019

  BTCUSD Coinbase Although we have a choppier activity in the past week, Bitcoin was not able to stay above the 4h chart 200 moving average and it did not even manage to reach our falling trend line. That’s not a very good sign for buyers which may signal further

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Weekly Crypto Analysis August 19-25, 2019

Weekly Crypto Analysis August 19-25, 2019

  BTCUSD Coinbase The trendline which we’ve mentioned several times in the past few weeks managed to hold and as a result, sellers resumed impulsively, driving Bitcoin towards the $9,500 area. As long as the price will remain below the trendline, we will continue to be in consolidation phase and

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Weekly Crypto Analysis August 12-18, 2019

Weekly Crypto Analysis August 12-18, 2019

  BTCUSD Coinbase As we’ve already anticipated, Bitcoin encountered resistance around the descending trend line, with buyers unable to keep the price above it for more than 24 hours. However, the selling pressure seems to be weak, as the last 20+ candles of selling can barely cover less than 8

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Weekly Crypto Analysis August 5-11, 2019

Weekly Crypto Analysis August 5-11, 2019

  BTCUSD Bitstamp The price of Bitcoin managed to rebound around the $9,100 support and then edge higher towards the 4h chart 200 moving average. Currently sitting around the $10,650 area, there seems to be much weaker selling activity around the MA, which could point for some further gains. Still,

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Weekly Crypto Analysis July 29 – August 4, 2019

Weekly Crypto Analysis July 29 – August 4, 2019

  BTCUSD Bitstamp After retesting the 4h chart 200 moving average, Bitcoin started a new leg lower that seems to be headed towards the $9,000 area, where we could see some reactions from the buyers. A breakout below it could mean that the price will head towards the bottom line

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Weekly Crypto Analysis July 22-28, 2019

Weekly Crypto Analysis July 22-28, 2019

  BTCUSD Coinbase As we have expected in our last weekly analysis, Bitcoin continued to weaken and reached a new July low at around $9,049. Looking at a bigger picture, we are in a downward flag, which is still a corrective price action formation. Although selling had intensified for the

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Weekly Crypto Analysis July 15-21, 2019

Weekly Crypto Analysis July 15-21, 2019

  BTCUSD Coinbase Bitcoin started the week on an upward beat, but the sentiment was reversed by the Fed’s Powell Congress hearing, where regulatory concerns on Libra were discussed. Since then, Bitcoin broke back below the key $11,700 level and seems to be heading towards the 4h chart 200 moving

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