Overview The growth tendency continues, and today bulls brought the price to the December opening point at $ 4000. The resistance at $ 3700 - $ 4000 was passed fast with high volumes, this is a positive sign for the upward development. If BTCUSD will manage to fix above $ 4000, that would confirm a turnaround formation and could provoke further growth. From...
Overview Monday was marked by a growth, the price was picked up from the $ 3250 low and brought upwards, peaking above $ 3500 mark. Nonetheless, the BTCUSD did not manage to break the December 9 peak, and price retreated to the $ 3400 level, where it is trading right now. The logical question right now, whether this movement signals about the price turnaround or...
Overview On Saturday price made a new low at $ 3130, Sunday went above the new low, but failed to step over the previous low $ 3250. Monday has opened in a quiet manner, due to the upcoming New Year holidays there is not much happening in the markets. And it seems that such slowly descending tendency is about to stay for now. Still, it is unknown how the price...
Overview The well-established scenario continues, and after some time in a horizontal mode, the sale-off pushed through the $ 3300 mark. For now, the price stays just below the level, but the fact that buyers did not bring the price back quick hints that there are not many supporters on the $ 3300 and soon we will test the main psychological support at $ 3000....
Overview Yesterday went in a lateral manner, not disturbing the $ 3300 support. The movement breached through the local Bearish Trend Line, still, it did not add anything to upward impulse. To add any positivity to the current price pattern we will need to see a rise above $ 4000. From below stays important the $ 3000 - $ 3300 zone. One more negative thing about...
Overview The $ 3300 level still holds, thou the developments proceed in a bearish pattern below the Bearish Trend Line. Low momentum and absence of high volumes near the $ 3300 hints that the breach lower is possible. Support/Resistance levels stay similar with yesterday, $ 3000 - $ 3300 as a support; and the whole $ 3500 - $ 4000 as a resistance, which is...
Overview The December downward course, along with the Bearish Trend Line, continues. Empty fundamental background and approaching holidays are delaying all the possible movements on the next year, which leaves the question hanging, will current low demand be enough to hold the support levels. So, the important question, for now, will there be enough buyers in...
Price Double-tasted during the weekends, $3000 – $3300 zone showed its supportive power and did not let the price pass. The week started at the $3500 level in a low-volatile manner. The rebound from the $3300 low did not manage to reach above the Bearish Trend Line, thus leaves the outlook bearish. Quiet news background causes little-no support for the price,...
Price New lows prior to the weekend. As was expected, the descend to the $3500 triggered sell-offs which brought the price to the $3300 at this moment. It is worth noticing, that the opening of the $3000 - $3500 zone pumped up volumes, seems that there are believers that $3000 will fit for the bottom and price will start to make a turnaround at this level. So,...
Price The yesterday showed one more low at $3600, though this low has triggered some buyers, who rapidly brought the price back above $3700. All these moves happened within the downing pattern, below the Bearish Trend Line, so the downward overlook stays. Regarding the average daily movement, the next support that could be reached is the final $3500 level,...
Price In absence of any significant fundamentals, the price has formed a peak at the $4000 (along with the Bearish Trend Line) and retained downwards tendency, aiming for the recent low $3700. A breakthrough of the $3700 level will send BTCUSD testing the $3500 bottom. To consider any reversal/bullish patterns we need to see the price at least climbing above...
Price Gradual descent continues, the price renewed local lows yesterday by settling at $3750 level. The turnaround into an upward impulse did not bring much, and was crushed on the $4000 level, which is supposedly turned resistive. The gradually lowering mean and inability to withstand $4000 level, hints that lowering is not over yet, and we are waiting for the...
Price Price movement continues in a lateral pattern, finding support slightly lower than $4000 at the $ 3900 level. Last week pattern could be identified as a lateral as price yet managed to push up from the $3900 several times; though price average and local peaks gradually lowering indicating domination of sellers. Leaning downward price and weakness of the...
Price The movement continues in a lateral channel between $4000 and $4300 levels. The fact that the price is holding above $4000 and Bearish Trend Line adds to the possible turnaround formation. Furthermore, the lateral movement above $4000 could be the formation of the right shoulder of the reversed head and shoulders formation, with the head at $3500 and left...
Price The market has shown the first positive signs after a fall by breaking above the Bearish Trend Line. The next resistance is the $4300 – $4500 zone, overcoming of which will add more points to the bottom-reversal scenario. Otherwise, for now, this upward movement could be valued as a correction of the oversold market. For today: $4000 and Bearish Trend Line...
Price Movement along $3500 level continues, confirming it’s supportive nature. Still, Bearish Trend Line and $4000 level are unbroken, thus the pattern stays bearish. $4000 level and Bearish Trend Line needs to be pierced to lay the foundation of reversal. $3000 level is seen as possible bottom by many traders, so, the $3500 – $3000 zone should play as a...
Price One more testing of the $3500 support level, the level withstood and pushed the price above for now. Still, reduce in the downwards momentum and lateral movement along $3500 level doesn’t mean much, to consider an end of the fall we need to see the price above Bearish Trend Line, crossing of the $4500 level would be confirming the turnaround. In the case of...
Price The fall continues, BTCUSD did not manage to hold on above the $4000 and the price broke the support during the weekend. Despite that the price showed a rebound from $3500 level, as long as we stay below $4000 the pattern is 100% bearish. On the way down we have support level $3500 and psychological level at $3000. Bearish Trend Line and $4000-$4500 zone...