Midterm forecast:
. While the price is above the support 22.50, beginning of uptrend is expected.
. We make sure when the resistance at 50.65 breaks.
. If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
fun fact: the bitty Daily Renko TF chart on Bitstamp has not had this consolidation formation before, where three tops and drops (H&S) are so neatly ranging in a rising wedge for this long.
Well i am not same others traders and i don't make 10 analyses on 10 coins everyday,
i try to post at the good time when things seems to be interesting.
As you can see in the chart :
1. We are reaching the end of the trendline triangle.
2. we could push again around 9950ish or down to 8650ish supported by EMA200 (red line)
3. Bollinger band showing us that we are...
First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you!
Key Fundamentals:
1. Smart money action:
The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs.
2. Miner action:
Both hash rate and difficulty are...
Hi friends hope you are well and welcome to the new update on Bitcoin. Previously we have seen that the price action of leading cryptocurrency took bullish divergence from the potential reversal zone of the bullish Shark pattern. Now it has completed the final leg of the bullish Cypher. The price action has just hit the spike in the potential reversal zone...
Hi friends hope you well and welcome to the new update on Bitcoin. As the price action of Bitcoin has bounced from the support of $8800. In today's post we will try to under whether this support will be retained or the price action will move more down.
As in my previous posts I've been showing that the price action of Bitcoin is forming different harmonic...
After testing 10k several times reversal shoulder head shoulder pattern clearly appearing. According to it possibly btc can visit 6400-6800 usd and later on can start to rise over 10k
💬 Nearly 4% of the UK owns Bitcoin and other cryptos. Of those 1.9 million people, 100% of them are growing weary of this sideways price action (despite one report calling for $400k BTC).
But fear not Bitcoin Brits, we got your back with our handy daily TA. Let's look at some Bitcoin levels on the 4h and 30m to see what the bulls and bears will need to do to pick...
Hey guys and gals hope you are well and welcome to the new update on Bitcoin. As the Bitcoin is being rejected by the strong rejection line that is also the resistance of a big symmetrical triangle. Therefore in today's post we will try to understand whether the Bitcoin will drop all the way down to the support of this symmetrical triangle at $6000 or not.
A...
Hello Traders,
BTC is forming a bullish accumulation pattern called Ascending Triangle and we have two possibilities to buy this asset, one of them is on the support of the pattern which is what is happening right now. And the other buying point is on the breakout of this pattern above the accumulation.
But be careful Bitcoin is very linked with SP500 who is...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9513.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9513.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
