i think btcusd will continue towards the daily supply zone after the bounce from the demand zone.
Legally we already know that Dr. Craig Wright is the creator of Bitcoin but the cryptocurrency market is o BITFINEX:BSVUSD n denial stage, when BTC falls to 14k the full potential of Nakamoto's Vision will be unlocked. It will only be the first wave of adoption, I feel like 2010.
Polkadot has a similar story to many alts and arguably Bitcoin itself. It had a decent Bullish divergence confirmation on July 13th, but has had a weak bounce since at only 34% to the high at $8.00 but if we can hold this area of support/demand in green at just over $7 then I think we could see this bullish divergence push higher toward $10-11.00 Below $7 I see...
Technical Analysis and Outlook: Bitcoin hit and completed our outer Coin Rally of $24,150 and currently retreating to Mean Sup $20,780. Extended down the path to Key Sup $18,900 and completed Outer Coin Dip is very probable - #2 Outer Coin Dip $15,500 mark is in the making.
Litecoin has pivoted off $55.84 and made a run for the high $50's, falling just short of $60, currently hovering at $58.90 at the time of this writing. We are in a wide vacuum zone, and $61.75 is the next target, if momentum can pick up. If not, we are sure to test $55.84 again. If that level caves, then we should have support at the base of the $50 handle, at...
Ethereum rejected our level at $1653, breaking through the next level below at $1547. It found support at the base of the $1500 handle, just above our next level at $1424. Currently, we are making another run for $1653, but many red triangles on the KRI are signalling strong resistance here. The Kovach OBV has picked up but does not seem sufficient to break the...
Bitcoin has retraced from our level at $23.9K, which was a strong resistance level that we identified yesterday. Recall that we also said that it would be unlikely for BTC to break through this level and that we would likely find support at $22.4K. This is exactly what happened and BTC is currently maintaining a narrow range between these two levels. The level...
Good morning, today in the prepared analysis of bitcoin we are waiting for the awakening of the volume action on the prices of BTCUSD. We can watch as the indicators show that there is not enough pressure to the upside to go looking for new highs, just as you begin to see more clearly a bearish micro pattern of man's head shoulder lopsided with an upward...
Litecoin made a concerted attempt to established the $60's. We topped out at our level at $61.75 exactly, confirming the veracity of our levels in these reports. We promptly rejected this level and fell back to support at $55.84. If we cannot sustain this, then we have some strong support levels in the low $50's. Otherwise, expect Litecoin to establish value...
Ethereum gave up the $1600's as we anticipated yesterday. It was making a valiant attempt, but multiple levels of resistance and a lack of momentum resulted in a rejection back to current levels, where we are finding support at $1500, a psychological level. It is likely that we will find a value area soon between $1424 and $1653. The Kovach OBV has slumped, but...
As predicted, Bitcoin was not able to sustain highs and rejected $23.9K, falling back to support at $22.4K. We are seeing a great deal of support, confirmed by multiple green triangles on the KRI. It seems likely that BTC will range between $22.4K and $23.9K until some definitive momentum comes through. Note that if we break through $22.4K, we are likely to...
Litecoin is consolidating just below $60. We appear to be seeing a bull wedge forming, and another breakout could take us to $61.75 or $64.37. We appear to be seeing good support from $55.84, but if we break through that, then we should see further support from the base of the $50 handle at $50.64 and $51.92.
Ethereum appears to have solidified the $1500's, making a run for $1600, where we are seeing resistance. Multiple red triangles on the KRI are confirming the resistance here. The Kovach OBV has slumped, so be prepared for a retracement, which could take us back to $1424 or $1341. If we correct further than that, we will find support around $1235. If we can...
Bitcoin finally broke out of the range, but is encountering a lot of resistance at the next target above, which we identified yesterday at $23.9K. Multiple red triangles on the KRI are confirming the resistance, but the Kovach OBV is strong. If momentum can sustain, then $25.1K is the next target, then there is a vacuum zone to $27.9K. If we retrace, we should...
Yesterday, one particular company caught our attention. As of yet, we do think anything particular of it; however, a staggering move of more than 100% within a matter of hours is definitely mind-blowing and exciting to watch. Moreover, a massive explosion in volume accompanied the price action, which elevated the stock to a July high. As a result, we will monitor...
Litecoin is tending to the high $50 handle, peaking just below $60, but finding support at $55.84. We are feeling out the midpoint between this level and $61.75, which remains a barrier and must be broken before we can consider testing higher levels in the $60's. The Kovach OBV is surprisingly quiet dispite the rally, so we anticipate a retracement soon, to...
After breaking the upper bound of the range ETH has held for over a month, we have been on a steady rally. Once $1235 was broken, we were quickly able to solidify the $1400's then the $1500's, and even top out in the $1600's over night. Our level at $1653 seems to be a barrier for now, with a red triangle on the KRI to confirm resistance. The Kovach OBV has...
Bitcoin is trending upwards, but is having issues breaking out of the range. We are seeing a lot of resistance from the upper bound at $22.4K, confirmed by multiple red triangles on the KRI. The Kovach OBV is fairly bullish, but it remains to be seen if there is enough momentum to break out. If so, $23.9K and $25.1K are the next targets. If we retrace, watch...