We are close to quite an important historical moment of the price very close to the end of the triangle drawn by the price trend in recent months.
Today we are again under EMA200, falling sharply and it is therefore probable that if the historical support of the 8756 is broken it will fall again.
If the trend of the Trend (obviously between high and low) will...
Cryptocurrency as stocks.
Elliott Wave is based around stocks but I see it working in unison with crypto. I do believe there are other believers for that aswell.
It's not easy to say for certain that it's the same for cryptocurrency but for that you have to understand the wave personalities and why they move as they do.
This is only the beginning of the...
Hello crypto friends,
First let me explain for those to whom these facts might be new. So what is a Bitcoin Trust? It's a company that owns an amount of Bitcoin as an asset. Investors could buy shares of the trust, owning contracts that represent ownership of Bitcoins held by the trust.
You thought the only legal way for institutional investors to invest in...
The king of cryptocurrency Bitcoin (BTC) seems to be in a loop of similar formations on the thirty-day Bitcoin price prediction charts. Bitcoin price seems to be repeating the head and shoulder pattern over the past few weeks as the price bar hits new lows. Another formation is in place at the time of writing.
Read More: Cryptopolitan.com
So as everyone sees price stabilizing and even going up on smaller timeframes like the 1H or even the 4H they are missing a big red flag. Let's take a look at the 1D timeframe which has become the relevant one because of the battle happening there.
Immediately you can see that that BTC is ranging between my white horizontal support line and the 200MA which is on...
The buzz around Twitter implies BTCUSD is ready to start climbing again, and at first glance at the daily chart, it's easy to agree. But lets take a look at the higher frames, which ultimately win 9/10 times when it comes to incoming moves.
Buy volume is typically generated in one of two ways
White Swan News Event
Massive price dump
As of the time...
I am keeping this super simple. I believe we may be in a bull flag now. If so, and BITSTAMP:BTCUSD breaks out of it with confirmation, theoretically, we are headed to 20K. Fingers crossed.
Looking at 4 hourly chart, fisher transformer has just crossed back up. That means, there is a possible upward momentum coming up and combined with the fact that at this level, the price has just crossed the main 3-month resistant trendline, it is quite likely that we will be seeing more price appreciation as long as the price can stay above the resistant line...
Traders,
Here we have BTCUSD D chart.
Currently we have a critical situation I will try to explain every pattern we have in this chart in a few points:
1- Descending Triangle
By breaking this freaky triangle BTC have no choice except to obey the pattern and goes to 5500$ levels where the 78% fib level, but we will have a little bit resist at golden one 68%...
Here's the results from my statistical analysis for Bitcoin on the weekly chart.
BITCOIN STATISTICAL RESULTS
DATES:
02 Sep 19 / 08 Sep 19
CLOSING BETWEEN (at 08 Sep 19):
8939.51 - 10690.14: 61.50%
8064.20 - 11565.45: 80.50%
7188.89 - 12440.76: 86.00%
P.S. This indicator is not for sale and will not be published.
DISCLAIMER: This is not financial...
Conclusion for today’s Bitcoin technical analysis: Price closing below ~9320.00 implies lower prices in Bitcoin.
A log scale of Bitcoin is presented on its Daily Timeframe with over 8 months of price action displayed. Analysis includes the use of moving averages (50 and 200), chart patterns, as well as support and resistance levels.
The trendline is the most...
