Dogecoin shows relative strength
Dogecoin, a so called altcoin, fights against the downslide of the general cryptocurrency market. Upper charts are Dogecoin and lower are Bitcoin for comparison. The daily chart at the right shows an upshot of about factor three in about two weeks. The relative strength seems to be caused by Yahoo Finance. They announced that Dogecoin […]
Bitcoin is at a critical support level
During Friday, Bitcoin dropped to or even through its critical support level at around $6000, which it reached on the 6th of February earlier this year as seen in the weekly chart below. What does that mean now? Nothing good. But that doesn’t necessarily mean that it will drop more severely if it penetrates the […]
