BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
Analysis - RSI is healthy - MACD is healthy - Volume is good. - Market Sentiment is bullish but a little skeptical (from what I read in chatrooms and forums) Bull Scenario - The Bull Flag on the Daily breaks to the upside thereby validating the large iH&S. Bear Scenario - If we break the Lower Highs on the 1hr, and 4hr, check the Daily ($3755), that'll be the...
We´ve seen a nice bullish move on the weekend. Over 300$ upward and everybody is looking to the moon. Breaking the little ascending triangle ist definitely a small bullish signal. The upper line of the triangle is the new little resistance which was tested today and i expect an additional move to the area of 4.260/4.330$. I have to review my bearish attitude when...
This is an update on my BTC EMA Breakout idea. Things are looking up for BTC with this strong upward movement. If you've been following this idea from 12/17, congrats! This trade is making us 18% so far! It is also far from over I feel. We broke through the first major resistance levels around $3.9k and our next level is around $4.3k. Any breakout above $4.4k...
BTC is still showing signs of growth as it continues to push upwards. It appears we also just completed a potential wave 1 with a nice bounce off of the .618 fib level. The top of the channel is around 5.1k, so be sure to watch for positive moves into early 2019! There's around 35% profit potential if it completes this channel movement in the near future.
As long as BTC respects the purple trend line established since early July and continues to make LH's over the next couple months we should be able to call that the bottom is in. We are still trading well below the 100 and 200 day moving averages so it's way too early to say the trend is about to reverse. But what is good to see is some kind of floor being...
Roughly a year ago I came out with an analysis on bitcoin. To the record, It has followed suit fairly well. When I first starting following the Crypto Market it seemed like the only thing I heard was " Invest, Invest, Invest." Unfortunately investments don't and can't climb that fast. Its always important to remember: how Price and Time perform on an axis...
Bitcoin bulls showed up today and the "Falling Wedge" on the Daily has played out. That said, we have bullish divergence on the 3Day RSI . A retest of the 10 EMA would have us around $3850. If the volume starts to pick up I can see us retesting $4k. Until then, keep eyes on since short positions are still near ATH's.
Possible 4hr H&S. Neckline is $3300. Shorting is slightly risky since we won't know if it holds. Volume overall is weak at the moment.
Just Take a look at the charts.
Let's assume we have a mirrored wave pattern to the previous two large impulse waves on the long term, and we have this fun chart, 12k btc in April 2020 and 180k bitcoin in January 2021. This chart is fun.
Bitcoin failed to break out again and it looks like we have a double top. Will be confirmed if we break the neckline.
Analysis - RSI is looking bullish - Increasing Bull Volume/Decreasing Bear Volume - MACD is bullish Target is the 24 EMA on the 4hr chart. A break above $4200 would be a short term reversal.
After the Bear crashes the market for the last couple of days, they are out of fuel and currently the bulls are raging. We might see some gains over the next couple of days. *This post is meant to be informative. I am just giving back to the cryptocurrencies community like what other people does. I do not have a crystal ball to look into the future. It is just...
In an eerie repetition of the recent trend, bitcoin has little or limited movement over the past 3 days. A potential drop is coming. *This post is meant to be informative. I am just giving back to the cryptocurrencies community like what other people does. I do not have a crystal ball to look into the future. It is just information that I am sharing, and not...
BTCUSD now on LONG mood, bcz BTC have now Support zone with 1.61 fibo level,
In a surprising move, the whales are not buying BTC/USD at supposedly such a low price. A closer investigation to the market shows that there are several other cryptocurrencies that are performing much better than BTC/USD ZCO/BTC has gained more than 40% and TRAY/ETH has also gained more than 40%. We can reasonably guess that the whales are not putting money in...