TCT is trending slightly above the strong support which has the alignment with the white support trend line. Currently it's forming a falling wedges pattern which usually ends up breaking out toward the upside. All we have to wait is when the price breaks out of the upper line of the wedges and targeting the swing high as usual. This set up will be invalidated if...
HEY! As we all know Bitcoin has been trading in a defined range- this gives a large opportunity for money if you know what you are doing! If NOT, you simply lose a lot of money. In this video we show you how to use the Higher Time Frames to define your scalping levels, this is a crucial step before you proceed to the minute chart. -Megaldon Stay...
BAND has shown us the sign of lower low on price action but the RSI is gaining strength with the higher low. We can't deny that this is a regular bullish divergence which give an indication that the bears are completely tired and losing some strength. Breaking out from the blue resistance trend line will leads the price to the .382 fib level (1.35) and...
IOTA is currently trending above the white resistance trend line after a phase 1 of break out strategy. there is a high probability that at current structure, the price is forming the 2nd phase of break out strategy which is retesting the previous broken resistance as a support. After this break out, the price forms a descending type of triangle which I expect...
Bitcoin is now at a very crucial momentum with a lot of bearish pressure has occurred in the short term and lower degree of cycle. This is however still a normal behavior from the market and the choppiness that is still ideal when you see the price tries to break out of the psychological level like $10000 region. If you say that the price is going to reverse at...
Happy Monday all, here we back again with the technical analysis of bitcoin based on the latest weekly candle that has closed as well. Let's enjoy this! Monday always becomes the most crucial and important day so far because of the weekly candle closure. The weekly candle is very important to identify the next possible movement in the next days as well whether...
Back at the March 2020, when the total market capitalization has touched its local bottom at the same level of interim swing low at 2018. At that time, a lot of traders called a further dip for bitcoin and the entire crypto space, but once again the majority will always lose! Now, by the time goes, the market capitalization has its bounce and is now testing the...
While bitcoin is trading very close to the APEX of previous ascending triangle that I've anticipated, we better to look at another factor that may affect the price movement of bitcoin. One of those factor is the bitcoin dominance. Bitcoin dominance is still trending inside this up trend channel that has held the price since January 2018, a 2 years channel trend...
Hello all, I want to give an update of current market's condition. We have seen some high volatility movement lately in the last 8 hours, will it become the confirmation of the next potential moves? let's see! There isn't any strong argument that can deny current resistance level that the bitcoin faces. There is a huge historical price action and the major...
Hello all, Happy Saturday! Today I want to cover about today's potential volatility that could occur in the market. Now, let's do the technical analysis. Whenever it comes to the weekend, usually the price will have an extra volatility due to the closes on the CME daily candle in the next 2 days and a potential addition volume from the retail traders. With this...
It's been several weeks that I don't cover the analysis of bitcoin dominance. Currently the bitcoin dominance is still trending at its neutral zone which is around 67% level which leave it unbiased. With the chart applied, we can easily deduce that the up trend channel is the crucial factor that hold the dominance as well. Dominance has showed us 2 attempts of...
Bitcoin has shown us a very strong action of bullish that is now trying to approach the upper line of the down trend channel that has held the price since June 2019. With today's move of the 15%+ gain in 1 single day of trading session, the price has broken out of the strong resistance area and the liquidation zone. There are few things I want to highlight related...
A quick update about bitcoin perspective on the 1 week of time frame. There are 2 important support trend lines from this weekly bias. the first trend line is the yellow one which has been broken and the 2nd one is the white support trend line that is very major. If we use this yellow trend line as our benchmark, we can see that there is a potential of break out...
Happy Monday and happy new week. Welcome to the first day of the next beautiful week hopefully. Let's come back to the technical analysis of bitcoin again. Looking at the chart applied, the price of bitcoin has formed a parallel channel. Because of this parallel channel, there are some levels that may we consider as the key levels for bitcoin. 1. The first key...
This time I won't cover the technical analysis of bitcoin again. I will look forward for the technical analysis of the bitcoin dominance in the market because like what we've known that the bitcoin's price is highly correlated with the bitcoin dominance in the crypto space. Following my previous analysis about this dominance, we can see that there are 2...
A trader can spot trend extensions with the help of bullish or bearish continuation patterns, which occur in a variety of easily identifiable shapes, some of the most popular of which are known as bull and bear flags. A bull flag is appropriately spotted in an uptrend when the price is likely to continue upward, while the bear flag is conversely spotted in a...
Happy Sunday, here I give you another perspective that may support my previous bearish bias of bitcoin. The key of this analysis is the high period of moving average which I use to identify whether there is a down trend or the uptrend which hold current major trend in the market. Here in this example, I use the 1000 moving average on the daily time frame. The...
Hey everyone, After calling a setup on Dash that failed to trigger, the same setup is back a few days later. Looking for more consolidation on lower timeframes and expect it to resume the uptrend soon. Take care, Vlad The Crypto Trader