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The Daily Cryptomenon: Friday 18th September

Yesterday we witnessed how the Cryptomarket was affected by none other than Bitcoin, how this Cryptocurrency was able to hold on to its level while all other Altcoins simply fell. The result was another bout of bullishness from those Altcoins which led them back higher. Today, we are witnessing some of that negative pressure push through especially after all the Cryptocurrencies have attacked their respective resistances but weren’t able to break them. With that said, let’s find out what today holds for the Cryptocurrencies on September 18th, 2020.
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The Daily Cryptomenon: Thursday 17th September

It’s all about Bitcoin these days as the #1 Cryptocurrency was able to withstand the fall of the Altcoins and continue trading sideways only to prove its power by breaking through the $11,000 and helping along with the Altcoins back into their high positions. So yes, the focus seems to remain on Bitcoin as the Cryptocurrency seems to be setting the pace of the market for the time being. With that said, let’s find out what today holds for the Cryptocurrencies on September 17th, 2020.
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The Daily Cryptomenon: Wednesday 16th September

The Cryptocurrency Market is behaving in such a peculiar manner. While it’s normal to have some divergence between the Cryptocurrencies, when it comes to magnitude from time to time, they don’t usually experience different directions. With that said, let’s find out what today holds for the Cryptocurrencies on September 16th, 2020.
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The Daily Cryptomenon: Tuesday 15th September

Markets seem to be bouncing all over the place as one time we see them falling from the recent resistances and the other moment we see them catapulting themselves higher breaking through those same levels. It’s quite dizzying to say the least, but we might have a bullish trend on our hands albeit a slight one. With that said, let’s find out what today holds for the Cryptocurrencies on September 15th, 2020.
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The Daily Cryptomenon: Monday 14th September

Once again we find the Cryptomarket trying to test the resistances that were once considered as supports, as if confronting a friend that has turned into an enemy. Well, not as dramatic but you get the picture. These levels have made it very difficult for the Cryptomarket to stage any kind of meaningful rally as with every upward move, a new level waits to send it back down. With that said, let’s find out what today holds for the Cryptocurrencies on September 14th, 2020.
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The Daily Cryptomenon: Thursday 10th September

We know that we keep talking about the move downwards and how it has messed up all the Bulls plans to record new levels higher, but that’s just because it was such an important move that we couldn’t not talk about it. Just like how the current move in the Cryptocurrency market is seeing a resurgence in the bullish energy after the current supports have been able to hold the downtrend in place as we see Cryptocurrencies begin to rise. With that said, let’s find out what today holds for the Cryptocurrencies on September 10th, 2020.
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The Daily Cryptomenon: Wednesday 9th September

Markets remained in their current ranges as no major moves higher or lower were observed, however, there’s been a change in the momentum of the markets. It’s not that the initial downward trend has been reversed, but where it died down a bit yesterday, we see it increasing again today. If we didn’t know any better we’d say that it’s all part of the consolidation phase, but we do, and we think that the bearish momentum is increasing and threatening another move lower. With that said, let’s find out what today holds for the Cryptocurrencies on September 9th, 2020.
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The Daily Cryptomenon: Tuesday 8th September

After the devastating moves of the cryptocurrency market, it wasn’t totally irregular that we see some sort of correction higher or a consolidation around the current levels of the markets. The bearish pressure that almost wiped out all the gains that Bulls made during the past 2 months, has somewhat decreased, but the presence is still very much alive. With that said, let’s find out what today holds for the Cryptocurrencies on September 8th, 2020.
 
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The Daily Cryptomenon: Monday 7th September

The downwards trend seemed to continue well into the weekend as we see the cryptocurrency market continue to move even lower, effectively eradicating most, if not all, of the positive momentum and gains that it had made during the months of July and August. As September properly kicks off, it seems that the Bears have had their summer vacation and now it’s back to the markets to work; we see them going back in earnest. With that said, let’s find out what today holds for the Cryptocurrencies on September 7th, 2020.
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The Daily Cryptomenon: Friday 4th September

“MAYDAY! MAYDAY! We’re going to…” The crash has already happened and things aren’t looking pretty for any of the Cryptocurrencies this Friday morning. We wake up to see that the market didn’t just crash, it nosedived past crucial supports and reached levels that it hasn’t seen in almost two months. We can truly and safely say that the bullish momentum that we had seen in the past month is truly gone. With that said, let’s find out what today holds for the Cryptocurrencies on September 4th, 2020.
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The Daily Cryptomenon: Thursday 3rd September

Just yesterday were we talking about the downside of the market and how the Bulls have extended their run higher without any major resistance from Bears to keep them in check, however, as they reached critical levels, the Bears retaliated with major damage to the Cryptocurrency market as we see the market falter and seem in a tough position. After what’s done, we can’t say that the Bulls have finished their job, at least not yet. With that said, let’s find out what today holds for the Cryptocurrencies on September 3rd, 2020.
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The Daily Cryptomenon: Wednesday 2nd September

The cryptocurrency market seems to have continued to play host to the Bulls of the market as we see another wave of upward pressure make its way into this market and help these digital assets climb higher retesting important supports although many market participants said this won’t happen. We believe that they must be feeling pretty vindicated right about now, but what about the downside? With that said, let’s find out what today holds for the Cryptocurrencies on September 2nd, 2020.
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The Daily Cryptomenon: Tuesday 1st September

Things seem to be looking up for the crypto market after the mid August meltdown that it witnessed, causing all cryptocurrencies to drop back to levels they haven’t seen in quite some time. However, this move was the needed kick for Bulls to get off their couches and take control over from Bears, in an attempt to keep the momentum going higher. With that said, let’s find out what today holds for the Cryptocurrencies on September 1st, 2020.






 
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The Daily Cryptomenon: Monday 31st August

Was it only a matter of time before the bearish pressure that was accumulating on the crypto market dissipated, or was it more of bullish resilience that caused the market to find its mojo and head on to break important resistances? We start off the week with just that question in mind as all the cryptos have managed to bounce off important supports and end up higher. With that said, let’s find out what today holds for the Cryptocurrencies on August 31st, 2020.
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The Daily Cryptomenon: Friday 28th August

The bearish pressure continues to implement its goals; to see everything fall back into certain ranges and probably even lower. This is where we find the Cryptocurrency market as we experience another wave of downward pressure forcing crypto instruments to fall below their important supports, or at the very least, another test to see if breaking them would happen. With that said, let’s find out what today holds for the Cryptocurrencies on August 28th, 2020.
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The Daily Cryptomenon: Thursday 27th August

The battle for dominance over the Cryptocurrency market continues between the Bulls and the Bears. Last we left them, the Bears had managed to seize some grounds against the Bulls as we saw major cryptos fall from their levels and break important supports, however, the Bulls couldn’t let this move continue as they stepped up and succeeded in holding the move downwards. This back and forth movement has brought consolidation back into the mix as the sideways action continues to be the most prominent feature of these markets. With that said, let’s find out what today holds for the Cryptocurrencies on August 27th, 2020.
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The Daily Cryptomenon: Wednesday 26th August

While the cryptocurrency market struggled to move higher and continued to move in a sideways fashion, Bears were plotting their next move and it was time they acted according to that plan. The result was a move lower, breaking through important supports and establishing a new trend. At the very least, it’s a decent correction from the highs the market has been experiencing. With that said, let’s find out what today holds for the Cryptocurrencies on August 26th, 2020.
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The Daily Cryptomenon: Tuesday 25th August

Markets still struggle with their movement higher, especially in current conditions where sellers seem to be adamant on not allowing the Bulls to have their way in the cryptocurrency market. Every time the markets move higher, they’re met with overwhelming selling pressure at key points making life for Bulls much harder. However, demand has never been higher for these instruments as they’re slowly becoming an inflation safe asset not unlike Gold, but with an extra dose of volatility. With that said, let’s find out what today holds for the Cryptocurrencies on August 25th, 2020.
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The Daily Cryptomenon: Monday 24th August

After the cryptocurrency market experienced an increase in volatility over the past week, we find ourselves within an opposite scenario where that same volatility has seemed to simply die down. All the major cryptocurrencies have had their share of movements, whether higher or lower, but as things currently stand, they seem to be content in waiting things out and consolidating until the next catalyst moves them. With that said, let’s find out what today holds for the Cryptocurrencies on August 24th, 2020.
 
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The Daily Cryptomenon: Friday 21st August

Volatility seems to have died down in the cryptocurrency market. What started out with positive momentum in these markets, something that led to new yearly highs, quickly turned into negative momentum as the same markets struggled to stay within the ranges they were used to. All of this increased the sense of volatility in the markets, however, it seems that this volatility has died down as cryptoassets turn sideways for the time being. With that said, let’s find out what today holds for the Cryptocurrencies on August 21st, 2020.
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The Daily Cryptomenon: Thursday 20th August

Continued bearishness is the what the current cryptomarket is experiencing. Ever since the cryptoassets managed to move higher, they’ve been struck by a Bear claw and have continued moving lower, so much so, that the gains they managed to make during the rise have all been gone and the markets have reentered consolidation zones, however, downward bias is clearly written all over them. With that said, let’s find out what today holds for the Cryptocurrencies on August 20th, 2020.
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The Daily Cryptomenon: Wednesday 19th August

Bullishness and Bearishness, that’s how financial markets operate. One moment you might see the markets on the rise recording new yearly highs and the very next moment the bearish pressure can be overwhelming the markets and leading them all the way down. This is exactly where we spot our Cryptocurrency market this morning; sinking in its retreat after the Cryptocurrencies recorded new highs just one day earlier. With that said, let’s find out what today holds for the Cryptocurrencies on August 19th, 2020.
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The Daily Cryptomenon: Tuesday 18th August

The only possible way to explain what’s been happening in the cryptocurrency market lately is by saying that the market has been experiencing bouts of extremely bullish behaviour, followed by some consolidation or minor retracement. It’s as if the Bulls are simply emptying their entire clip on a single move, then market participants are stuck waiting for the reload to happen so the shooting can commence all over again. With that said, let’s find out what today holds for the Cryptocurrencies on August 18th, 2020.
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The Daily Cryptomenon: Monday 17th August

There have been some minor upward movements during the weekend session as the Cryptocurrency market moved higher and touched upon major resistances, in some cases, it even broke through them. Technically speaking, it’s a minor move because the distance crossed was rather small compared to the achievements they have previously made. The fun now is observing if they’ll manage to hold onto these levels or not. With that said, let’s find out what today holds for the Cryptocurrencies on August 17th, 2020.
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The Daily Cryptomenon: Friday 14th August

Volatility is the looming vibe over the Cryptomarket, that’s for sure! Markets don’t act the way the cryptocurrency market is acting unless there’s an increase of volatility that’s driving them higher. Volatility also makes them prone to random spikes higher or lower as we’ve seen has been happening in the past few weeks. August was supposed to be a dead month for all markets, not just for the forex market, however, during this month we’ve seen these digital assets record higher highs and lower lows completely disregarding the lack of market participants. With that said, let’s find out what today holds for the cryptocurrencies on August 14th, 2020.
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The Daily Cryptomenon: Thursday 13th August

Brace yourselves! It’s going to be a bumpy ride! While the familiar ranges of the cryptocurrencies have held against the Bear assault that led them downwards, it’s still too early to tell whether or not these digital assets will be able to continue to withstand the selling pressure that seems to be mounting higher with every passing day. With that said, let’s find out what today holds for the cryptocurrencies on August 13th, 2020.
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The Daily Cryptomenon: Wednesday 12th August

The consolidation theory has essentially been broken into a million pieces. Have you been keeping up with the markets? Just in case you haven’t, we’ll sum up the situation for you; the Bears are fed up with everything the Bulls have been doing so they staged a comeback strong enough to rattle all the cryptocurrency markets. With that said, let’s find out what today holds for the cryptocurrencies on August 12th, 2020.
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The Daily Cryptomenon: Tuesday 11th August

If we’re to talk about the cryptocurrencies in general, we’ll find they’ve absolutely entered into consolidation mode. This can be clearly seen if one looks at the graphs since the record move higher. These crypto assets have been moving in ranges while testing both the upper and lower bound of those ranges, without breaking either. This indicates two things; the lack of momentum and the presence of both sellers and buyers. With that said, let’s find out what today holds for cryptocurrencies on August 11th, 2020.
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The Daily Cryptomenon: Monday 10th August

It seems that the weekend session did more for the Cryptocurrencies than expected. They managed to continue moving higher despite the overwhelming negative pressure. To be fair, we did see a drop in their movement, but it was marginal as the resulting move higher overshadowed any downward pressure that had happened. With that said, let’s find out what today holds for cryptocurrencies on August 10th, 2020.
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The Daily Cryptomenon: Friday 7th August

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.
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The Daily Cryptomenon: Thursday 6th August

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.                                                                                                    
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The Daily Cryptomenon: Wednesday 5th August

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.
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The Daily Cryptomenon: Tuesday 4th August

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.
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The Daily Cryptomenon: Monday 3rd August

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.
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The Daily Cryptomenon: Friday 31st July

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.
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The Daily Cryptomenon: Thursday 30th July

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.
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The Daily Cryptomenon: Wednesday 29th July

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.
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The Daily Cryptomenon: Tuesday 28th July

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.
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The Daily Cryptomenon: Monday 27th July

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.
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The Daily Cryptomenon: Friday 24th July

Our Cryptocurrency Trio found the right kind of JetPacks yesterday, as their rally hasn’t faded out one bit. In fact, it seemed to only get stronger and stronger! The movement on these instruments remains quite incredible, to say the least. Ethereum, specifically, had put a missile on its back instead of a JetPack since it outpaced every other digital currency out there. With that said, let’s find out what today holds for the digital currencies on July 24th, 2020.
Chart Candlesticks

The Daily Cryptomenon: Thursday 23rd July

Cryptocurrencies didn’t just rally higher during the night, in fact, they’ve snuck into a top-secret government facility, stole a trio of JetPacks, put them on and rocketed through the stratosphere! The movement on these instruments has been incredible, to say the least, especially Ethereum which has outpaced all other cryptocurrencies by miles. With that said, let’s find out what today holds for the digital currencies on July 23rd, 2020.
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The Daily Cryptomenon: Wednesday 22nd July

We can hear the conductor of the train calling “All Aboard!” just as our Cryptocurrency Trio have finally found a direction to move in. The overnight movement of these instruments was explosive rather than a slow crawl higher, and that brought on a lot of opportunities for traders. With that said, let’s find out what today holds for the digital currencies on July 22nd, 2020.
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The Daily Cryptomenon: Tuesday 21st July

Some might call it impressive, others might call it frustrating, whatever you choose to call it, it’s still something worth being checked out. While Ethereum and Ripple both experienced what’s known as a “Range Dump”, Bitcoin remains quite strong in its range without moving an inch lower. In the meantime, ETH and XRP both fell off their levels. For now, let’s find out what today holds for the digital currencies on July 21st, 2020.

The Daily Cryptomenon: Monday 20th July

When we last talked about cryptos, they seemed to be on the downward move from the consolidation, however, that isn’t the case any more as they all went right back to moving flat without much change. We guess that these instruments are actually starting the summer vacation a bit early as we’re 11 days away from the end of July. With that said, let’s find out what today holds for the digital currencies on July 20th, 2020.
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The Daily Cryptomenon: Friday 17th July

The consolidation phase that has dominated the crypto market for some time now has finally cracked, downwards. Our Cryptocurrency Trio have failed to rally, as widely expected. In fact, it seems that the bears had the last word and we saw BTC, ETH, and XRP all down for the count. However, all not hope is lost, as the digital currencies are still trading within their familiar ranges. With that said, let’s find out what today holds for the digital currencies on July 17th, 2020.
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