Looking at the Ethereum daily chart shows us a move back down to a larger support area around $177.00 (red dotted line). A slightly shorter term support area was violated on August 9th (light yellow line). This was followed by a test of a very short term support area which recently gave way on August 13th (solid red line). We can also see an attempt to break the short term resistance area at around $227.00 (green line). This is all...
At the time of this publishing, Bitcoin continues to trade withing range. The price action seems to be forming a descending channel as the price hovers in the upper half of the range. The range as of right now is roughly $8,000 – $11,400. Interestingly though, Bitcoin has put in three higher lows starting from July 17th. The three lows are: $9,084, $9,101 and $9,522. Traders can use those levels as guides for either entries or...
CDD Daily Video News featuring Bitcoin trading at a premium in Hong Kong thanks to protests. Binance Venus vs. Facebook Libra coins and more!
From the above chart we can see Bitcoin’s price following a nice strong support line going back to early April of this year. It peaked at the end of June, near $14,000 and has put in a descending channel since then. However, the greater support trend line seems to be holding. Traders can look to enter around $10,600. An area that would be somewhat of short term resistance. A move above that with some volume and staying power may...
CDD Daily Video detailing the chinese ponzi scheme that dumped around 200K BTC and 800K ETH possibly sparking Bitcoin’s and Ethereum’s selloff and crypto market panic.
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Daily CDD Video with news on Bitcoin going above $10k and higher.