Among my other ideas, this one is more or less relating to how long a correction may last. Back in January when we capitulated from 42k to 29k , it took roughly 24 days to start feeling a recovery. We were signalled a recovery when we found hidden bullish divergence on the Daily RSI as well as MFI holding steady during the dip. It's been 22 days so far for us and...
This is actually a hard call because those that have followed me for a while know how much much i love my Triangles, which were very reliable in 2014, not as much in 2015. Statistically a Descending Triangle should break to the downside 2/3 rds of the time, but as we saw in late June, there was additional support via 50-day SMA to make the triangle break out to...
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame with the Bitcoin analysis update.
As you see, the price has started to move upwards after the break of the resistance area and is fluctuating close to the resistance line.
At the moment, the daily candle can move towards the resistance ahead, and if the $ 50,000...
A weekly BTC chart I'm posting for my own self-reference.
A continued down-trend with bottom near 19k but wicks going as low as 13k. Lasting through the end of the year.
When RSI on the weekly drops below 40 it marks a huge buying/accumulation opportunity.
Hello friends, latest update on the last analysis which was exactly as visualized.
1 . There is ongoing squeeze for $BTC, one-hour chart. Massive battle at the $46k region between the bulls and bears. Pressure is building either way.
2 . I had to use a Channel for clarity. You can see on the chart, back and forth Push-n-Pull forces acting on Bitcoin at...
MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
HOT is sitting around a strong weekly demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: HOT is forming a channel in blue but our...
CRYPTOS HAVE BEEN VERY SILENT LATELY, WITH GOLD AND SILVER NOW BULLISH. WILL THE METALS LEAD THE WAY FOR THE CRYPTOS LIKE THE FIRST BULL RUN WE HAD THIS YEAR. VERY EXCITED TO SEE WHATS NEXT.
Could we see this pattern forming for BTC?
Larger Bullish Butterfly pattern forming over the past 14 days.
Completion of the pattern would take us to 1.272 (29k) or 1.618 (26k) Fib Levels. We may still go sideways for a bit before it reaches bottom.
Looking at the RSI it also broke bearish and slope is down.
Selling pressure is high. Again a break below 30k...
Depending on how you draw your trend lines it appears as if BTC either broke back within this pennant or has broken below the pennant. To me it looks like it broke down.
RSI is dropping and volumes are dropping.
BTC has found support at 34k several times already and will likely find at least temporary support there again.
I expect it to break below this level...