Crypto Technical Analysis

Coinomy Cryptocurrency Blog

06 Sep: Bitcoin Price Could Break Up From Multi-Month Bull Flag

Bitcoin price has been consolidating since June, after it was rejected from former bear market resistance at $13,800 – stopping Bitcoin’s parabolic advance short of retesting its previous all-time high of $20,000. And while many crypto technical analysts say that Bitcoin price is trapped in a triangle – either descending or symmetrical – another crypto

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Coinomy Cryptocurrency Blog

30 Aug: Bitcoin Rejected By High Timeframe Resistance, Here’s What To Possibly Expect

Bitcoin price is at risk of falling from the current trading range and is hanging by a thread at $9,600 after repeated attempts to hold above $10,000 failed. And while a rebound from here cannot be ruled out, Bitcoin price was rejected by high timeframe resistance dating back to the previous crypto market bull run,

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Coinomy Cryptocurrency Blog

29 Aug: Crypto Analyst: Bitcoin Indicator Resembles Mid-2016 Bullish Beginnings

Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap. However, according to one of the most respected crypto analysts in the space, an important trend indicator suggests that the current price action very closely resembles

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Coinomy Cryptocurrency Blog

29 Aug: Bitcoin Price Breaks Down From Triangle, Target Suggests Revisit of $6K

Carnage and fear have returned to the crypto market in a big way, now that Bitcoin price has dropped from the trading range it has been locked in over the last 3 months. It’s caused even the most bullish crypto investors to consider bearish scenarios. The trading range that’s now in Bitcoin’s rearview mirror eventually

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Coinomy Cryptocurrency Blog

23 Aug: Bitcoin Price Could Test Bottom of Weekly Range, MACD Turning Bear

Bitcoin price has struggled to regain the same powerful bullish momentum it had starting in April through July, but crypto bulls also haven’t given up the fight and have managed to keep Bitcoin price from falling far below $10,000. But that fall deep below $10,000 may be coming sooner than expected if the weekly MACD

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Coinomy Cryptocurrency Blog

21 Aug: Bitcoin Could Follow Gold Fractal With 44% Drop to Under $7,000

Bitcoin has long been pitched as the digital version of gold – a precious metal that’s long been used as a store of wealth, transfer of value, and features many of the attributes that Bitcoin is lauded for, such as scarcity. Bitcoin price has also been following a fractal found on gold price charts almost

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Coinomy Cryptocurrency Blog

09 Aug: Gann Theory Suggests Bitcoin Price at “Do or Die” Moment, Important Pivot Ahead

Bitcoin price continues to struggle to regain the bullish momentum it had during the parabolic climb above $10,000, but bears have also been unable to push the price of the leading crypto asset by market cap any lower, resulting in an impasse that is playing out in recent price action. The indecision may have been

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