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  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

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    A trillion dollar tsunami is about to hit Bitcoin

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    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

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    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

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      Home Trade Signal

      Cryptocurrency Market Weekly update #6

      Hitesh Malviya by Hitesh Malviya
      February 24, 2020
      in Trade Signal
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      According to our last weekly update –

      • Bitcoin dropped below 9500$, and Ethereum dropped below 240$.
      • Last week was slow for overall cryptocurrency market. Last week’s altcoins picks – POE, STORM and FUEL failed to reach targets. We will close last week’s altcoins position at break even.

      BTCUSD – Bitcoin Technical Analysis

      BTCUSD – 1D (Bitstamp)

      A “Doji’ Candlestick pattern has appeared on Bitcoin weekly chart after last week’s close. Doji cadlestick pattern indicates a neutral price action, and mostly indecision between bulls and bears.

      On a daily time frame, Bitcoin price broke down from 6- weeks old uptrend channel, and a new descending channel has been formed last week. Bitcoin is currently trading inside this new channel.

      Descending channel’s support is at 9200$, and resistance is at 9800$. Bitcoin could also face resistance at the previous uptrend channel neckline at 10100$.

      On Bearish note, Bitcoin had broke down from 21MA support on daily timeframe.

      We expect bitcoin to retest 9200$ support before any significant bounce to the upside, Breaking above 10100$ will be the confirmation of bullish reversal on Daily timeframe.

      ETHUSD – Ethereum Technical Analysis

      ETHUSD -1D (Bitstamp)

      Unlike Bitcoin, Ethereum managed to close last week’s candle at the bullish note. ETHUSD recorded 19.5% growth last week from it’s weekly low.

      Ethereum is clearly looking more bullish than bitcoin on Daily and weekly chart. ETHUSD is trading in a symmertric triangle – which is a bullish continuation pattern.

      As long, ETHUSD manage to hold this triangle support, I am expecting ETHUSD to break out above 285$ and reach 310$ this week.

      But If, ETHUSD fails to hold this support, then we could see ethereum price below 220$ this week.

      Top 3 Altcoins to trade this week

      Bitcoin Dominance is currently increasing, and bitcoin is yet to find the next direction. Altcoin can follow the Bitcoin lead as soon Bitcoin finds the direction. Here are our top 3 altcoins for this week.

      VETBTC

      VETBTC -1D(Binance)

      Trade Signal

      Entries : 0.00000065 – 0.00000075 BTC

      Exit : 0.00000085 – 0.00000095 BTC

      Stop : 0.00000055 BTC

      DUSKBTC

      DUSKBTC – 1D (Binance)

      Trade Signal

      Entries : 0.0000037 – 0.0000047 BTC

      Exit : 0.0000057 – 67 BTC

      Stop: 0.0000027 BTC

      BANDBTC

      BANDBTC – 1D (Binance)

      Trade Signal

      Entries : 0.00003 BTC – 0.00004 BTC

      Exit : 0.00005 BTC – 0.00006 BTC

      Stop: 0.00002 BTC

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

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      Cryptocurrency Market Weekly update #7

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      Neo Price Prediction – Can hit 40$ before NE0 3.0 Launch

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      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

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