Libratus

Libratus

The period of violent volatility is long gone and it is being replaced by the slow descent into the oblivion as BTC marches toward the potential new low in 2019 6 months away from its 2019 high. BTC price is below all EMA 50, 100, 200 and all Ichi indicators except the lagging line, indicating a rather bearish sentiment BTC is ready to retest the daily trendline...

Libratus

Now, the effect of the major short squeeze has worn off. Where will BTC go now? 5 months of downward price movement with low volume and volatility is worrisome, but the recent breakout of the downward trend would remain a lone silver lining of this distribution period if BTC can fend off the 8k retest. BTCUSD realized volatility_10 day is 1/3 of what it was...

Libratus

3 month downward trend line successfully defended... Overall, volume is on the steady decline during the sideway action. There was low volatility and volume in the past 48hr until bears took advantage of the low liquidity and delivered the knockout blow. Symmetrical triangle formation was finally broken after bulls' fourth failed attempt at breaking above 12200...

Libratus

Long shakeout is over as Bitmex XBT long liquidation is 4x that of short at this moment. 5 wave downward trend ended when 10.3k lvl was successfully defended along with 4hr trendline support which initiated the subsequent bullish V bottom reversal. Bulls easily reclaimed the 11.5k lvl support lvl as hourly trendline was formed with higher high & higher...

Libratus

Fib 38.2 lvl held up on three occasions and swing failure patterns emerged after three bearish attempts to break below 10300 lvl failed to materialize Price broke out of the triangle and volume starts to climb up Price is on the verge of breaking out of the flag pattern to form the potential higher high on 1 hr time frame Bullish hidden divergence spotted on...

Libratus

Do or die moment for BTC