Bitcoin Gold (BTG)
$9.43 (0.72 %) View coin |
MCO (MCO)
$4.15 (-1.17 %) View coin |
Waves (WAVES)
$1.33 (12.26 %) View coin
Newsletter
13 April 2020

3 coins to keep an eye on | Issue #74

Hello everyone!

Last week was less volatile in Bitcoin, despite the price climbing 10.61% from its lows at $6,750 to reach as high as $7,466. However, the weekly close hinted at weakness by only closing 1.91% higher than its open - leading to an immediate dump.

The altcoin market cap saw a brief surge from $68 billion to $76 billion by mid-week, before dropping back to $71 billion to finish the week.

While waiting to see if Bitcoin has set its highs and will continue to plunge, here are three coins with events on CoinMarketCal during the upcoming week to keep an eye on.

@tradeprophet


Bitcoin Gold (BTG)

Bitcoin Gold (BTG)

Price
$9.71 (-5.42 %)
฿0.00144233 (-1.56 %)

Market Cap
$170 028 358
฿25 260.93

Volume (24h)
$57 348 782
฿8 520.25

Exchange
BinanceHuobi

2020 has been an exceptionally volatile year for BTG, but New Year’s buyers are still enjoying a profit. Is this bullish period coming to an end?

Short stops are likely resting above weekly highs set in February near the current R2, offering an attractive short-term target for bulls eyeing intra-week setups. Bears might see a run of these highs as an opportunity for short entries.

The previous R1 and pivot area near 0.00131813 is likely to provide support. Further below, the bullish trendline interests a pivotal area at 0.001146. These offer reasonable short targets for those anticipating a post-halvening dump.


MCO (MCO)

MCO (MCO)

Price
$4.96 (-4.49 %)
฿0.00073667 (-0.72 %)

Market Cap
$78 312 850
฿11 634.85

Volume (24h)
$44 149 220
฿6 559.20

Exchange
Binance, Huobi

A spring on March 13th led to a nearly 60% pump in MCO’s price, but have the bulls run out of steam?

A pivotal area around 0.00073902 slammed the brakes on the bull run, with price finding resistance and consolidating around the monthly open at 0.0007559. This resistance has created a series of equal highs, which are likely to be swept before any significant move down.

If this is the local top, bulls might look for entries in the pivotal regions around 0.00068 and 0.000635. Bears could enter on a sweep of the highs, with targets as far down as the yearly opens at 0.0005970 and 0.0005576.


Waves (WAVES)

Waves (WAVES)

Price
$0.987693 (-3.17 %)
฿0.00014674 (0.46 %)

Market Cap
$100 404 976
฿14 917.06

Volume (24h)
$54 604 190
฿8 112.48

Exchange
BinanceHuobi

Waves has been in a bullish trend since December 2019, with extreme moves up and down before finding a range in February. 

This week, the price is hovering around the 2020 yearly open at 0.00014363, which also marks the approximate middle of the range. There’s no clearly defined range top, but massive wicks suggest intense selling pressure around the July open at 0.00016878. 

Bulls can target the area between 0.00015837 and 0.00017627, with a possible attempt coming this week after today’s AMA. Bulls are likely to reach the short stops above the upper part of this region eventually. 

Bears may want to enter on the next pump toward the range top, targeting the range EQ around 0.00014282 and lows around 0.00012618.

Newsletter
02 December 2019
3 coins to keep an eye on | Issue #58
Brief euphoria gripped the bulls last week as Bitcoin's price rocketed up 20% from last November's dump level around $6618. However, the initial test of the previous support at $7933 appears to be a failed retest, providing bears with an excellent entry. This move is also the next piece of a classic distribution pattern. I...
Newsletter
07 October 2019
3 coins to keep an eye on | Issue #50
Bitcoin wobbles in a tight 10% range after its massive plunge in late September. So far, it's found support in May and June's orderblocks, but price action is beginning to show classic signs of distribution in a market cycle. Similarly, the altcoin marketcap has held relatively stable around $70 billion during the last wee...
Newsletter
17 June 2019
3 coins to keep an eye on | Issue #35
Bitcoin is off to the races again after a month-long consolidation period. The break of resistance at $8800 could trigger another wave of euphoria, with the area around $9800 posing a reasonable target. The altcoin marketcap also continues to trend upward gently. The news of Binance restrictions for US customers destroy...

3 coins to keep an eye on 👀