Bitcoin (BTC) drops like a stone, SMA200 weekly left behind Bitcoin (BTC) is in the free fall. The first cryptocurrency broke below critical $7,800 supported by SMA 200 (Simple Moving Average) on a weekly chart and extended the downside towards $7,400. At the time of writing, the coin is changing hands at $7,480 amid strong bearish pressure. Looking technically, the initial support is created by $7,450 (the lower line of the Bollinger Band on a weekly chart). It is followed by a psychological $7,000. Ethereum technical analysis: ETH/USD critical support gives way Ethereum price is trading in the red, down 6.70% the session on Wednesday. ETH/USD has smashed out from the narrowing trading conditions seen over the past few sessions, inviting a wave of selling. The market bears forced their way out from a bearish pennant structure via the daily. XRP price analysis: XRP/USD set for big 2019 low retest XRP is trading down a chunky 9% in the latter part of Wednesday, following a brutal bout of selling that hit the market. The price has been forced to trade at its lowest levels seen in over a week, as the price smashed out of a bearish flag structure. The noted pattern had been containing XRP since 25 September, as it was consolidating, after bottoming out late in September down within the $0.2100 territory. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EOS/USD technical analysis: Technical levels are working well but there could be some more pain ahead FX Street 3 years Bitcoin (BTC) drops like a stone, SMA200 weekly left behind Bitcoin (BTC) is in the free fall. The first cryptocurrency broke below critical $7,800 supported by SMA 200 (Simple Moving Average) on a weekly chart and extended the downside towards $7,400. At the time of writing, the coin is changing hands at $7,480 amid strong bearish pressure. Looking technically, the initial support is created by $7,450 (the lower line of the Bollinger Band on a weekly chart). It is followed by a psychological $7,000. Ethereum technical analysis: ETH/USD critical support gives way Ethereum price is trading in the red,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
