Wonsu

Wonsu

I guess the chart is self-explanatory. If you're considering buying BTC please use stop limit orders, this is a risky trade.

Wonsu

Cant deny that last BTC drop was massive. Ofc that correction was expected, but my guess is that people overreacted to Elon Musk's and China FUD (srsl, how may times will China ban crypto?), and that's why I think there is still some strength in bulls and we will see upward moevement in the next few weeks. White vertical lines are a point of RSI bullish...

Wonsu

+ Price is still consolidating (green) after printing bullish divergence on both RSI and MACD (orange) + Increased volume in last four months. + Still no significant upward movement comparing to other altoins. + Bitcoin just finished it's correction so it's much safer now to go back to altcoins market. Strong resistance levels at 19k and 36k sats. Good luck!

Wonsu

+ RSI bullish divergnece + MACD bullish divergence + High volume in last three months of consolidation period. + Price is about to break falling channel long term resistance. GL & HF ;)

Wonsu

+ RSI bullish divergnece + MACD bullish divergence + Volume is climbing up + some recent price movements with volume spikes. + Price did break falling wedge long term resistance. + Last few weeks altcoins are going crazy, but this one is still consolidating. GL & HF ;)

Wonsu

Classic treand reversal sings: + RSi bullish divergnece + MACD bullish divergence + High volume in last three months of consolidation period. + Price is starting to break falling wedge long term resistance. First strong resistance at 0.12 Good luck!

Wonsu

+ Decreasing volume. + RSI bearish divergence. + MACD bearish divergence. + MACD bearish crossover + histogram turning negative. + Last wave up was much shorter than previous ones. + It's Monday tomorrow ;) Breaking parabolic support will confirm trend reversal.

Wonsu

+ RSI bullish divergence + MACD bullish divergence + Volume is climbing up. + 12% gains today with nice volume spike. + Altcoins markets are moving up, but GAME is still consolidating. + Almost identical pattern was visible at RVN/BTC, just look what happened in last few days (from 40 to 400 sats in a month). + Last time GAME/BTC was that low (120-160 area) it...

Wonsu

Clear and simple: - Bounced from local resistance two times. - Bounced from RSI resistance trendline. - Stochastic RSI shows overbought. - It's monday tomorrow, and we all know BTC likes to move at the beginning of the week. - Trade is invalid if the price breaks above 33k resistance creating higher-high at 1H chart. + BTC further price correction could trigger...

Wonsu

Bitcoin is currently moving within multiple chart patterns that will indicate price movements in the next 48h. Today BTC can drop from resistance formed by symmetrical triangle (red), middle of ascending channel (green) and top of right shoulder in H&S formation (yellow). If it happens, tomorrow BTC will probably break 37k support (formed by all three patterns...

Wonsu Updated 

After a strong bounce from 4H SMA50 at 30k level Bitcoin formed a bearish gartley. Indicators on 1H time frame support corrective move, in addition 1D MACD just made a bearish crossover. Overall trend is still bullish, but it feels like this market needs a little cooldown and maybe a consolidation at 33-35k.

Wonsu

With a lot of altcoins reaching new ATLs every month, we now might be able to look for a bottom. Steem is giving us a good example of RSI and MACD bullish divergence which is also vidible on 1D timeframe. Short term the price should reach at least top of the falling channel, but it also could signal trend reversal and possible bullrun, and not only for Steem but...

Wonsu Updated 

It looks like Bitcoin is going into same correction pattern as few days ago and we will probably see a quick 10-15% pullback today with target at 33-35k. If RSI breaks orange line it will be a good sign for uptrend to resume.