DAI Emerges Strong Despite Terra’s Downfall

DAI tops it off as the strongest stablecoin to date despite Terra’s plunge. USDT and UST may have plummeted – but not DAI. It’s been a brutal two weeks in the crypto space especially with the devastating collapse of Terra’s stablecoin UST, which is currently trading at a little below 6 cents. Suggested Reading | […]

Why another 60% drop in SHIB price is inevitable

Shiba Inu price sees investor interest fading as price consolidates far away from $0.00001708. SHIB price drifts further to the downside as pressure builds for a new low for 2022. Expect to see a correction back to $0.00000507, saying goodbye to $0.00001000. Shiba Inu (SHIB) price is too far gone from the significant pivotal level […]

A weekly close below $0.50 spells another correction ahead for XRP price

Ripple price sees the price consolidating between $0.50 and $0.36 on a weekly chart. XRP price sees RSI flat lining as lack of bulls can not provide turnaround. Expect to see further downward pressure as several bearish pressures are not easing. Ripple (XRP) price came close to a full recovery after the positive shift in […]

Bitcoin Weekly Forecast May 23 — 27, 2022

Bitcoin BTC/USD ends the trading week at 30146, continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset quotes. […]

Hammer Time: The Bullish Signal That Could Save Bitcoin

Bitcoin price is still struggling to hold onto support at $30,000 on high timeframes after smashing through it more than a week ago now. With buyers stepping in after the plunge, there is a chance for bulls to stop the downside with a bullish reversal candlestick setup. Learn more about the potential setup and find out if it’s “hammer time”. A Bullish Hammer Could Put A Stop To The Bear Market You wouldn’t necessarily know it by the ultra bearish sentiment or the recent plunge and resulting panic across the crypto market. But if you look at medium timeframe price charts, Bitcoin bulls could be preparing out a stop to the bleeding and stage a bullish hammer reversal. Related Reading | This Expanding Triangle Pattern Could Be The Last Hope For Bitcoin Bulls Japanese candlesticks are said to be developed by the so-called “God of Markets,” Honma Munehisa. Homna was a rice trader and wrote the first ever book in market psychology. Candlesticks are comprised of a body and shadow, often called a wick. They are typically depicted as red and green, or white and black (open and closed). Each candle includes information on the open, close, low, and high of the trading session it represents. How the candle opens, closes, and the highs and lows set during the session will shape the candle, and often provide information about what might be going on in the market — and what might come next. Could this hammer put a stop to bears? | Source: BTCUSD on TradingView.com The Technicals Supporting A Bitcoin Reversal Setup On BTCUSD weekly and 2-week timeframe charts, the top cryptocurrency is working on a bullish hammer. A bullish hammer is a characterized as having a long lower wick acting as the handle, a small upper body, and little to no upper shadow. Although the bullish signal only takes one candlestick to suggest a bottom is in, it is only confirmed with a strong follow through back to the upside. There are plenty of technicals supporting a reversal | Source: BTCUSD on TradingView.com Hammers are most effective when they follow a string of at least three down candles, and are supported by bullish technicals. The bullish hammer is happening at what could be the end of a wave 4 expanding triangle correction, according to Elliott Wave Principle. The MACD is retesting the zero line, much as it did during the wave 1 Black Thursday correction. Each bottom, also coincidentally touched the lower Bollinger Band before reversing to the upside. Related Reading | Bitcoin Bear Market Comparison Says It Is Almost Time For Bull Season Will this bullish hammer confirm, and stop the bloodbath from continuing? Here is a 🧵 on my full Elliott Wave analysis on #Bitcoin and why I don’t believe there is a bear market – and why I expect the last leg up any day now. — Tony "The Bull" Spilotro (@tonyspilotroBTC) May 15, 2022 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Ethereum Weekly Forecast May 23 — 27, 2022

Ethereum ETH/USD ends the trading week at the level of 2029 and continues to move as part of the fall and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices have broken through the area between the signal lines down, which indicates pressure from cryptocurrency sellers and a potential continuation of […]

Litecoin Weekly Forecast May 23 — 27, 2022

Litecoin LTC/USD ends the trading week at 69.47 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines. This indicates pressure from the sellers of the digital asset and a potential continuation of the fall in […]

Bitcoin Cash Weekly Forecast May 23 — 27, 2022

Bitcoin Cash ends the trading week at 193.20, continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part […]

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

Christine Lagarde, president of the European Central Bank, has warned that cryptocurrencies are worthless and should be regulated. The ECB boss believes that regulating the sector will prevent people from gambling their life savings on cryptocurrencies. “My extremely modest opinion is that cryptocurrency is worthless. It is founded on nothing, and there are no underlying […]

Bitcoin en crypto krijgen het zwaar tot eind 2023, maar daarna volgt grote opleving

De koersen van bitcoin en vrijwel alle andere cryptocurrency’s verkeren al een tijdje in zwaar weer. Volgens Bobby Ong wordt het er de komende 12 tot 18 maanden niet beter op, en dat heeft allemaal te maken met de reactie van centrale banken op de inflatie. Fed zal rente blijven

Het bericht Bitcoin en crypto krijgen het zwaar tot eind 2023, maar daarna volgt grote opleving verscheen eerst op Dutch Crypto Talk.