Alright everyone so as per the last analysis we have finally got a small bounce to stop the blood with a $500 green candle on the hourly. Short term play here could be an inverse head and shoulders patter + we have the bullish divergence on the rim quite clearly. Heres my play Buying here at a price of $4,585 and stop loss at $4,295. Target $5,600. Risk /...
BitCoin is going through a period of extended Bear Run. Those who have been following bitcoin would know that the current year has saw some prankster trying to pump bitcoin up and down via dumping 16k of bitcoin throughout the year 2018. The trend has all been messed up by whoever the prankster was. And the lack of movement from the other whales is most probably...
Hello crypto enthusiasts, I appreciate you taking the time to check out my chart. This chart is a recreation of a chart I created back on March 31st, 2018. At the time the chart was included as an image in the analysis of another chart that I published. The chart I published was of the 2013 to 2015 Bitcoin market cycle, because I included the 2017 - 2018 chart as...
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Not getting into any position yet! - Watching this trend unfold... - LONG: ~ 6485 - STOP: ~ 6458 *Keeping an eye on RSI - if we breakdown // we shall fall - Don't FOMO IN ANY LONG UNDER 6500 I LIKE... BUT ONLY WITH A TIGHT STOP && LOW LEVERAGE! Will be sitting flat // monitoring today & tomorrow All - Love
Analysis - Volume is looking good for the bulls, though it needs an increase as it creeps up - MACD is still flat but flipping bullish. - We are making HIGHER LOW'S while the resistance is pretty obvious. I wouldn't be surprised if we pull-back to retest that bottom trendline. As long as Bitcoin grinds up against it, we are in the clear. Bakkt news is due out...
Been a slow month for crypto and I've been out of position just waiting for the trade to come to me. I'm sticking to playing the overbought/oversold bounces. My target is the 12/24 EMA which is roughly between $6360 - $6440. The sooner it moves there the better since as time goes on it'll just get closer to where we are now. I'm also in a small ETH Long from $194...
Bitcoin has had its ups and down and it has been hard to predict when trends may end for some and with that I am releasing my work on sacred numbers and indicators. It has built in Volume Weight Average Price which turn green and red when price is above/below. Checkbox to enable extended VWAP price areas for future support/restistance use. Envelope Fib 35...
Weekly Bitcoin Update Analysis - Nothing much to say to be quite honest due to the lack of volume and volatility.Bitcoin has been just ranging in the low $6 - Bitcoin has broken through the short term trendline and was rejected at the 24 EMA. - The Weekly chart actually looks good and I can see Bitcoin retesting the mid-$6600s by Friday. Sidenote - Volatility...
Ascending Wedge on the 4hr has been forming for the last day or so. Nothing too detailed here aside from playing the pattern and watching the volume levels. A move should be occurring soon enough. Should it break the 24 EMA then it will be invalidated.
Bull Divergence on the RSI on the lower timeframes + MACD Bullish = Possible move to the upside. Not going into a detailed analysis as I always play the bounce. Resistance is marked right above. Opened at $6190 with Stops at $6035. Target is the 12 EMA on the Daily.
Weekly Wrap Up Bitcoin 4HR News - US SEC Sets October 26 Deadline for Reviewing Nine Bitcoin ETF Applications. (cointelegraph.com) - 54% of Institutional Investors think Bitcoin has bottomed. (cointelegraph.com) Analysis Bull Scenario - Bulls hold $6600 +- $20. - More consolidation and it pushes up to test the 200 MA. Lots of resistance from $6640-$6770 with...
Bitcoin seemed to be heading for its demise last night before it broke back above resistance and retested the channel bottom trendline. We do have a trendline (red), which has been supporting this recent rise back up after the big drop and as long as we stay above it, bulls can remain hopeful. This pop has caused MACD to crossover bullish and turned the histo...
Looks like a nice little Bull Flag on the 1hr. After yesterday's Double Bottom which I updated my last post with, Bitcoin has held and formed a nice little Bull Flag. Standby for confirmation and as always, set your stops.
Quick Update Bull Scenario - Daily Higher Low holds@ $6450, - Bulls need to stays above $6500 and push through resistance @$6840-50. - This ascending triangle plays out :D Bear Scenario - Selling pressure increases and $6450 breaks. - Possibility of touching the low $6k is higher and then we'd have to zoom out to the Weekly to determine higher low. Notes -...
Bitcoin had a massive fakeout yesterday when price broke below the demand zone to then completely return back into the channel. For someone jumping onto a short right away, that would have been a very bad move as stops would have most probably been hit causing losses that could have been avoided. As mentioned yesterday, the safest trade would be to let price break...
Hello All, As I take a look at the Bitcoin 1 Day Chart today, it's very clear that the massive wedge is starting to run out of room. BTC has been increasingly tightening its range trading within the upper and lower boundaries for many many months and something is going to happen soon. VERY SOON! For the first time after basically touching the down slope of the...
Through consideration of past highs and lows, this graph determines that we have reached a true bottom over the last couple months, and with the rebounds getting smaller and smaller, an outbreak is impending with the last ounces of bulls pushing the price down for the cheapest purchase.