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Bitcoin showed its hand today with a break below $27,500. I’ve written about it a few times as a must-hold level for bulls, given Sunday’s close above it. As of now, this looks like yet another fakeout/deviation from BTC. And it isn’t the first time ...
Like Bitcoin, Ethereum had a nice rally over the weekend after reclaiming $1,835. You can see where ETH tested that level as support on the 28th before continuing toward $1,887. You should be very familiar with these levels if you follow me on ...
Bitcoin played out perfectly over the weekend, hitting my $27,800 target I wrote about on Friday. Given the recent range highs, there was a large cluster of short liquidations there. A rally toward this area became more likely following Friday’s ...
On Thursday, I wrote how the next move from Bitcoin hinged on $26,500. That’s been a key horizontal level since mid-March. Wednesday closed below the level, and BTC bulls tried to reclaim it on Thursday but failed. However, Friday’s session looks ...
Bitcoin closed below $26,500 on Wednesday for the first time since mid-March. The level had served as key support for months before Wednesday’s breakdown. However, the jury is out on whether that breakdown holds. Bitcoin is testing the $26,500 level ...
Bitcoin is once again testing the $26,560 key horizontal support after getting rejected from the mid-March trend line at $27,500. You’re very familiar with both levels if you follow me on Twitter. The $27,500 area was our target on a long following ...
Ethereum is trading back below the $2,030 August high this week, suggesting a bearish deviation that could push the market lower. You can see how this $2,000 area is also the top of an ascending channel from December. This week’s drop puts ETH back ...
Bitcoin rallied during the Asia session, moving above the short-term range between $29,800 and $30,500. However, that rally failed once New York woke up, which is often the case with Asia-session pumps. The 4-hour close back below $30,500 confirms ...
Bitcoin continued sideways today in what feels like never-ending consolidation. The sideways price action began around March 18th and hasn’t let up since. But that could change with non-farm payroll (NFP) on Friday. Of course, there’s no guarantee ...
Bitcoin is coiling for a potentially explosive move in the coming days. BTC is nearing the apex of a triangle that’s been developing for the last week. And while the crypto market remains locked in a sideways range, there’s still a $2,200 range to ...
Today’s weekly crypto forecast covers the DXY, SPX, BTC, and ETH. The DXY is weighing heavily on key support today, while the S&P 500 is continuing its bullish advance but is approaching critical monthly resistance. Meanwhile, BTC and ETH remain ...
Ethereum tested the $1,840 range resistance on Friday for the sixth time in two weeks. We also saw the S&P 500 (SPX500) rally over 1% on Friday to close the month above a critical area between 4,070 and 4,090. That could be significant for ETH, as ...
Bitcoin liquidated a few shorts overnight with a spike above the $28,900 macro resistance. However, it didn’t stay there long and is once again back in the middle of this range. Despite the choppy price action for the last two weeks, BTC has carved ...
The crypto market remains sideways even after the rally between Tuesday and Wednesday. And Ethereum is no exception. We’ve seen ETH trade below $1,840 since testing it on the 18th, and we have similarly strong support at $1,715. We also saw Ethereum ...
Bitcoin remains sideways after Monday’s $26,500 retest, a theme that’s plagued the market since the 18th. The critical level to open up downside targets remains $26,500. A daily close below exposes the August 2021 to February 2023 range highs at ...
Today’s weekly crypto forecast covers the DXY, SPX, TOTAL, BTC, and ETH. DXY and SPX are consolidating ahead of what could be significant moves this week. Meanwhile, we finally have some minor breakdowns to discuss in the crypto market. DXY spent ...
Bitcoin continued its sideways indecision today, a theme that began last Friday. That means this week has yet to make progress in either direction. The level capping further upside remains the $28,920 macro resistance. I wrote about the $29,000 area ...
The crypto market has entered a period of indecision, and Ethereum is no exception. Since the 17th, ETH has managed a $150 range with alternating red and green days. You want to avoid this type of price action at all costs. Even the September 2021 ...
Bitcoin tested the $28,900 macro resistance during Wednesday’s FOMC volatility, a level I pointed out in Tuesday’s blog post. In fact, it’s the same resistance area I’ve had my eye on for weeks. BTC is also breaking below the 1-hour ascending ...
Bitcoin has been mostly sideways since Friday as traders hold their breath for Wednesday’s Fed rate decision and press conference. Last week, I wrote about the $28,000-$29,000 BTC resistance area. It coincides with the $1.18T range resistance on ...