Tag Archives: XRP

Monday Market Round Up – Royal Doldrums

The crypto markets are behaving like an old Rolls Royce on its way to Windsor – coasting sideways in no particular hurry. After last week’s nonchalance, more of the same looks likely for the week ahead. Bitcoin We’ve started the week much where we were a week ago. There was a little downward drifting during […]

Monday’s Market Round Up – Sideways is the New Up

Last week’s predicted market-wide head fake came to fruition and crypto finds itself in no-man’s land currently, ricocheting slowly off various moving averages and zones of support/resistance. The short version is: everything’s likely to move sideways for a while, let’s take a look. Bitcoin After pinging around between the support/resistance zones we identified last week, […]

Monday Market Round Up – Fake Moves

Ethereum has sure been basking in the warm light of attention this week; not surprising given its move over the 200 day moving average and momentum since. Will it last though? Let’s take a look at that and the wider market. Bitcoin You may be wondering why I’m starting with BTC if ETH is all […]

Monday Market Roundup – All Adrift

If it feels like last week’s optimism has been replaced by a degree of uncertainty as to ‘where next?’ among pundits, this is perfectly reflected in the charts; after a high volume rejection of the 200 day moving average last week, the main cryptos have been floating sideways/slowly up on low volume and decreasing momentum. […]

Monday Market Roundup – Bulls vs Moving Averages

The last week’s rally off the lows has had some fair potency so far, it’s been by far the most convincing attempt at a breakout rally we’ve had since the December peak. However, it’s important to remember the mantra: Bear markets are characterised by powerful countertrend rallies. So are we still in a bear market? […]

Monday Market Roundup – Is this the bottom?

Trading chart

Today I’m going to try and answer the question everyone keeps asking me: Is this the bottom? Bitcoin Bitcoin has bounced nicely off the 50 week moving average (blue dotted here) and is playing pinball between that and the 50 day moving average just above (blue), which it’s just rejected overnight. The volume on this […]