Boy, what a ride it was today for Bitcoin. Yesterday, I expected Bitcoin to pull back and perhaps recover quickly, but not this quick. It was quite a surprise. Earlier today Bitcoin fell all the way back to 3600 USD. Lets have a look at the daily chart:
Comment: As you can see from the chart, Bitcoin has touched the bollinger band moving average and this could be a potential support area. In fact, today Bitcoin is about to form a very bullish looking hammer and that could indicate that Bitcoin could go up from here tomorrow.
Otherwise, both Monero and Bitcoin Cash are rising today. Here is the 4 hour chart for Monero:
Comment: Here you can see that Monero has formed a second bull flag and this could indicate that Monero is about to make another move up tomorrow, and hopefully surpass the 100 USD mark. That would be an accomplishment for sure.
Also, Bitcoin Cash is having a great day today, at the moment it is up 12,3%, here is the 4 hour chart:
Comment: It looks like Bitcoin Cash is forming a weird bull flag and that could indicate another move higher soon. However, it could continue to consolidate in this area for a couple of days, it is at this time a little difficult to read it.
Now, when it comes to the other big cryptos, Litecoin and Steem are both down 3% and my favorite hate coin Ripple is up 25%, it has actually broken out, so from a trading view, things could heat up for Ripple.
See my work over at Steemit: https://steemit.com/@freeforever
free forever qr code generator Daily Crypto Report - Bitcoin Fell 10%, Then Recovered Nicely, Monero & Bitcoin Cash Also Up | |
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| Science & Technology | Upload TimePublished on 22 Aug 2017 |
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