Similarities of now (2019) and then (2015) showing that the bottom is already in and after some months of consolidation we will start seeing higher and higher prices.
* RSI 2019: the RSI peaked at 96.2700 on the ATH then dropped to 43.800, near the level it is currently consolidating. The bearish MA cross took place with the RSI at 53.550.
2015: the RSI...
On this study we take a look at the Longs/ Shorts speculation. During this bear market, every time the RSI was oversold, it gave a Sell Signal. On the other hand during bull markets, when the RSI is oversold, if gives a Buy Signal. Quick conclusion: every time the RSI is oversold on the Longs/ Shorts, the price action follows the underlying long term trend.
Now a days btc is going to sideways, not so much movement.
BTC 1D Chart looks like a forming a triangle, which is going to end..
We may see price of the bitcoin heading towards $7300-$7400 in 1-2 weeks, then a slow decline to around the $5,950-5,850 range .
$5700-$5850 IS STRONG very Support we all know that,
There is a support trendline , which meets near the...
Bitcoin has a short-term bullish signal setting up. As you can see on the chart there is an inverse head and shoulder visible from a 30 or 60-minute timeframe. The neckline comes in at 7397. With a break of this, I'll be looking for a retest of the recent high of the previous swing (7700). There are Squeezes setting up on both a 30 and 60-minute chart right...
Bitcoin bulls ran out of steam and stalled out at $9900 last week then failed it's attempt to break back through $8700 this weekend. It's pulled back about 50% of the +$3000 gains it had from the middle of April thru the first week of May. All of the Consensus hype about big price action actually was just the opposite. We could continue to have another 2 weeks...
Nothing new to add, just follow the previous analysis from 25th of April at the link and lets see if the move to the upside can be sustained as we go towards 11.500. Good luck.
2 triangles I drew several days back
I lined the 2 triangles up together to get a predictive date for a breakout or pattern and left it to see if BTC can follow pattern
So far 3 days in BTC has perfectly touched and bounced at specific points
The moving averages also forming a triangle
Now we can see BTC trying to break downtrend resistance for the 3rd time.
For this breakout we have Bull Flag and need to breakout it to reach its target: 16600$.
Target for Bull Flag is measured by height of flag pole.
Also on chart we can see forming Head and Shoulders pattern, which is reversal pattern. It targets also coincides with Bull...
Time to go back to the basics and apply the KISS principle. Bitcoin is having great adventures again, but what can we expect going forward - just a quick 5 - hopefully educational - cents to complement other authors' analysis.
Here above a relatively basic chart on the daily tells us a couple of things:
--> The MACD is nearing quite the bullish cross. Every time...
Hope everybody is doing good. Bitcoin is on its way to $5000.
We think that the market will make minor pullbacks and higher again until $5000. So it remains bullish across the board. Don’t try to sell the market!! It is bullish. BUT we dont like trading it at the current stage.
Hope that helps and trade with care
Hope you made also profit with our Bitcoin trade from last week! Now, we gonna wait for a pullback and when we see a clear structure we will buy it again. BUT the market needs to give us the structure and currently, there is nothing to trade as of for right now. So we will be on the sidelines and once we see our structure we want to have, we will update...