It seems that the cryptocurrency market is currently a fashionista-wannabe. Just like fashionistas who take 40 minutes to choose what to wear then change their minds 30 seconds later, markets have no idea where to go as one moment we see them rising, the other consolidating changing their mind, with no rhythm or reason. With that said, let’s find out what today holds for cryptocurrencies on August 7th, 2020.
The cryptocurrency market wakes up today to the visual of a new all-time high for Gold. We know that it has nothing to do with cryptocurrencies, but in this instance it does. After the yellow metal broke through the $2,000 barrier, it has emboldened our cryptos to rally as well, giving bulls that needed push to break out of the consolidation that we talked about in yesterday’s article. With that said, let’s find out what today holds for cryptocurrencies on August 6th, 2020.
It seems that the steam has finally run out on the Bulls, the train has reached the station and is now ready for an extended rest. It’s been an incredible move for all Cryptocurrencies involved as the prices soared to new yearly highs when Bulls were taking charge of the markets and driving them higher, much to the disdain of Bears. However, the current consolidation holds an incredible question, have the Bears had enough? With that said, let’s find out what today holds for the digital currencies on August 5th, 2020.
The Bulls keep on charging as their momentum doesn’t seem to be dwindling anytime soon, much to the dismay of the Bears. The movements that we’ve been seeing all contribute to the fact that there are just more buyers in the market than sellers, enough to push the prices higher. With that said, let’s find out what today holds for the digital currencies on August 4th, 2020.
Volatility was the name of the game during the weekend trading sessions as Cryptocurrencies climbed to their new respective yearly highs and broke through important resistances. However, that was short-lived as the Bears punched the Bulls forcing them to fall back. With that said, let’s find out what today holds for the digital currencies on August 3rd, 2020.
Digital currencies are all over the place, which is great if you’re looking to trade Cryptocurrencies! For assets that should be highly correlated with each other, it would seem that some disagreements and divergence do happen. What exactly are we talking about? Well, the divergence between Bitcoin, which is in consolidation, and Ethereum and Ripple which have decided to rally even higher. With that said, let’s find out what today holds for the digital currencies on July 31st, 2020.
After the meteoric rise that we witnessed in the Cryptocurrencies for the past week, it’s only natural that we see them actually consolidating at their current levels. We saw our Cryptocurrency Trio break through their respective resistances, establishing new ones, and making sure that certain support levels are in check, as they get ready for the next leg of the move. With that said, let’s find out what today holds for the digital currencies on July 30th, 2020.
It seems that the cryptocurrency market has finally reached its limit, or at least has exhausted all of the steam it had stored and it’s time for a short break before it continues moving higher with its upward trend. Our Cryptocurrency Trio has finally reached what seems to be the half-way point as things start to settle down with investors taking stock of what is probably the next move for these digital assets. With that said, let’s find out what today holds for the digital currencies on July 29th, 2020.
There’s no stopping our Cryptocurrency Trio now, not after they’d recorded such impressive gains and the steam still doesn't seem to waver. Even with all the technicals proving there might be a move lower, digital currencies continue to move much higher. With that said, let’s find out what today holds for the digital currencies on July 28th, 2020.
It’s not every day that we witness such an incredible run by our Cryptocurrency Trio. Breaking through major resistances and keeping their eyes focused on even higher levels is something to marvel at. These instruments are now looking at new fresh highs after being so low for so long. With that said, let’s find out what today holds for the digital currencies on July 27th, 2020.
Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.