Positive news about the collapse of China Evergrande and the Fed’s intention to continue with its existing monetary policy has fueled a strong rally in bitcoin and altcoin prices.
CointelegraphBTC and altcoins broke below their lower support levels, signaling that further downside is the most likely short-term outcome.
CointelegraphBitcoin and altcoins are attempting a recovery, but the bulls are likely to encounter stiff resistance at higher levels.
CointelegraphBitcoin and altcoins continue to face selling at higher levels, indicating that the bears are not willing to let go of their advantage.
CointelegraphBitcoin and select altcoins slipped below their immediate support levels, opening the door for further downside.
CointelegraphBTC and altcoins remain stuck within a tight range, suggesting that the sideways trading could continue in the short-term.
CointelegraphBitcoin and altcoins continue to bounce off underlying support areas, raising the chance that a sharp down-side move could occur.
CointelegraphBitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels.
CointelegraphBTC and select altcoins could be gearing up for an oversold move, but traders beware, it's likely to be a dead cat bounce.
CointelegraphBitcoin’s inability to hold above $40,000 has traders now targeting extreme lows in the $25,000 zone, a move that would be absolutely deadly for most altcoins.
Cointelegraph