Hacked: Hacking Finance

Analysis

Crypto-Bounce Reaches Decision Point as Prices Near Resistance

Posted on .

Crypto-Bounce Reaches Decision Point as Prices Near Resistance

Introduction

This article was posted on Wednesday, 22:23, UTC.

The major coins continued higher today after yesterday’s re-test of the panic lows, and both Ethereum and Bitcoin are trading near crucial support/resistance levels after the strong rebound. The smaller coins also registered a good session, and the total market cap of the cryptocurrencies reached $105 billion again after falling below $90 billion during the correction. As the short-term downtrends are mostly intact in the coins, caution is required from traders, as the long-term picture still shows room for more consolidation, and reducing position sizes might be a smart move at this point. Bitcoin BTC/USD, 4-Hour Chart Analysis Bitcoin got…

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

To continue reading you need to be a Gold Member or Platinum Member. Let us help you become financially independent by signing up. You will get access to exclusive stories, analysis, and guides by experienced traders, economists, and entrepreneurs. Learn more about us here.

Log In Join Now for $39 a Month! OR Save $69 by Subscribing for a Year!

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Receive New Posts on Email:



Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Navigation
Wabtec  (WAB): Short-Term Buy WAB 4-Hour Chart Analysis On June…