edward_Z

edward_Z

Big support, big cup, nice handle formed...

edward_Z

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edward_Z

Bitcoin is Bullish for 3-4 days, it stays nicely above 200 EMA (we talk about lower time frames) There is a nice pattern that keeps repeat, the price is moving slowly upward followed by a sudden crush, but the interesting thing is that the crash don't affect in any way and the price starts to climb right after. RSI (21) gives a better picture. So it will...

edward_Z

Manipulation? No way... A moment of silence for these wicks

edward_Z

Well... 3 of the most popular indicators (RSI, MACD and Stochastic RSI) are divergent with the price of Bitcoin There is an accumulaton zone, wich will end with a big candle (like we know) From TA, that candle will be red, but also like we know, Bitcoin doesn't care about any TA. Stay safe!

edward_Z

Well...in smaller time frames, high-low projections are tighter with each candle, so something it will happen...doh... Last almost half a day it stayed in less than 0.75% range Bollinger Bands are like a ballerinas hips, are squeezed to the maximum. Momentum for Stoch RSI is almost crossed to a downtrend So...what whould be? (my guess is ... red)

edward_Z Updated 

It will respect the pattern? We have both tops and the neckline, if it goes below purple line, it will be a free fall, or maybe Ethereum doesn't care about any pattern...

edward_Z Updated 

Well...something will happen...doh! But What? EMA 100 is doing a good job as support, RSI is going slowly to bullish zone... BUT! Stoch RSI is turning to momentum bearish cross and we had enough situation with traps, Bart heads and so on. So...up, down or in cercle?

edward_Z

In the past few days we saw some upward moves after a long road of sideways, now Bitcoin is at a comfortable level, but still in bearish and accumulation zone, seen only in higher time frames. The start is good, it cracked some important levels at 3.400 and 3.600, now the biggest challenge is 4.000 level. It almost touched EMA 100. If it breaks this level, the...

edward_Z Updated 

Ethereum (ETH) is the biggest winner from the top trio, it surpasses Ripple and it keep doing donnuts with ups and downs in lower time frames, good for scalping, or fast swinging for 1-2% profit. If the rule will be applied again, it would be a down move till $145 There are lower lows, lower highs, Stoch RSI is crossing to bearish But don't forget, we are in...

edward_Z

Nothing has changed, just a spike, if it's not a big candle, it's big wick. There is a long way to the bullish side, next step is 4.000 (or a big fall) But there are few signs for a bullish starting: * 50 EMA is cracked * trendline is craked with that wick * RSI in bullish zone Signs that are against: * for short term, Stoch RSI is going to a reverse * there is...

edward_Z

New lower highs, new lower lows, accumulation zone, rsi is descending...nothing special Bitcoin not even trying to crack the resistance, it just stay there... Next support is at around 3.400 So...3.400 or 3.800?

edward_Z

Classic Bullish Flag pattern for Bitcoin (BTC) with a nice leg and accumulation zone, if Bitcoin will respect it, it will do the right thing and go up, but as we know, Bitcoin does not respect anything and we can see another Bart Head pattern. MACD is turning to bearish, RSI is overbought, but Stochastic RSI is going step by step to an uptrend, so who should we...

edward_Z

The candle from today is not such a big deal, we are far from sunny days, it was nice to see how it raised like that, but it stayed too much on the ground. There is a begining of a double bottom pattern with a lot of accumulation down there, but is a lot of work for doing it, the distance right now from the candle and 200 EMA is 40%, a move that can be done in...

edward_Z

As the past teach us, when is a big rise or a big fall, sooner or later it will come the reverse. I hightlighted last wicks from the big moves, folowed by falls, the pattern is the same right now, the only difference is now it crossed the 200 EMA and cracked the 3.600 resistance. Support will remain the same, at 3.400 (is consolidated) and the last support at...

edward_Z Updated 

Classic pattern drawn by Bitcoin (BTC) with a descending triangle that can be turned in two ways, a reversal for a breakout and turn it to a bullish or a break with that tiny support till the next support (wich is not so great also). Time will decide...

edward_Z Updated 

A bigger picture of Bitcoin at 1D time frame. The base was cracked, Bitcoin is in bearish for almost a year, it had hard recoveries and was forced to go down very fast, now seems the support it's doing it's job, but is not a must, there is already a wick in it, next time or after other attempts can drop again till 3.200, and from there...who knows? If it will go...

edward_Z Updated 

While the rest of the coins easily recover recent losses, the bitcoin does not seem to want the same thing. (according to marketcoincap) There are four clear waves and half of the 5th with a possibillity of a small retreat before finishing it. The RSI is going in bullish mode, but Stochastic RSI is not looking that great (I think Stock RSI is the best momentum...