After the crazy move up, Bitcoin is once again in low volatility. This zone is a good place to enter positions in preparation for the high volatility that is expected to occur.
Currently 6500+ is a zone of very strong resistance for Bitcoin, and if they do not pump the price well beyond 6500, expect a move down. There has been 80 million USDT moved out of Binance...
After Mondays explosion in price, if one were to zoom out they would see that all we did was bounce around the range bottom to the range top. As long as we stay defined by these edges we are simply in a box and should get too excited with moves up or down. Any close above or below these extremities would then give us a signal as to where we are heading next,...
Hi traders, let's have a look at the market.
Apologies for missing yesterday's market update, passions were high and it didn't seem like a good time to do some objective analysis on the market.EDIT:
I realized that I did all my TA on a USDT chart, since Tether isn't pegged 1:1 to the dollar anymore just keep in mind that the "real" price is lower....
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.
So we can see bears are dumping hard and bulls are pumping hard it looks like the war has only began. but who will win? there is a lot of answers on that but the answers that i think is we will know winner by 2019 march-august apparently price could go as high as 45,000$ and as low as 3800$ those are worst and best case scenarios although it might not gonna that...
**BTC Update 16.10.2018**
**What happened yesterday with the price spike of Bitcoin was certainly not predictable by any TA on Earth.** That is what we call a Black Swan event. Something unusual that happens out of the blue and changes the picture and predictions. So as now the dust settles bit by bit, we are going back to our technical analysis...
Bitcoin has retraced slightly after the spike up and it currently sitting on the Tenkan Sen as well the POC as we await the next move. We obviously need to stay above this level as a drop and close below could turn this area back into resistance and fall back into the "testing the lows narrative" again. If we can stay above then the cloud bottom will act as a...
Bitcoin pumped early this morning but was stopped in its tracks again at that $6750 area. If we want any continuation higher we need a close above this congestion zone.
Check chart for annotations!
Bitcoin had a very eventful morning as the Tether collapse sparked by the news that Bitfinex has stopped all fiat deposits saw prices soar to $7800 causing many to think the bear market is over. BUT, not so fast! Non-margin exchanges such as Coinbase and Bitstamp didn't go nearly as high stopping at previous resistance near $6750 so let's not get ahead of...
So if we look at past and my analysis plus news and indicators we cannot see btc going high for next days i see a downtrend so now let the downtrend begin but this is small downtrend then i will update how it goes :) .
This is an other Bitcoin analysis on D1.
The Bitcoin's price breakout his trend line resistance at 6650 $ after three tries! Nothing is won yet but it's a good start for a new bull run in the end of the year.
- Purple line (clear) : MA 10
- Purple line (dark) : MA 20
- Yellow line (clear) : MA 50
- Blue line (clear) : MA 100
- Red line...
Let's try to think like the market makers. This is a potential short term setup, but not the only possible outcome by any means.
In this setup, we expect sell stops to get raided under $6050, and then push the price higher, which could cause two possible short squeezes, which would push the price up even more.
Could be good.