As expected, Bitcoin kept rising following his rebound on the resistance cluster formed by the junction of the 9.8k support level and the uptrend. The follow-through is a bullish signal for Bitcoin prices, buyers being able to maintain a buying pressure as Bitcoin is aiming toward the $11k resistance level. We have been seeing an increase in buying volume on the...
BTC suffered from a sharp downward movement, breaking through the $11k support level. Prices saw a bounce around the $9.5k level as buyer were able to defend the uptrend line and managed a close above the $9.8k major support level. Volume has been rising with this last movement but we are still far from previous levels. This rebound is a bullish sign as it...
While many are panicking; Im literally dumping everything I have into $BTC as I know what's about to happen-- when a selloff this huge with news this bad (both economic/social) usually one thing follows && for confirmation just keep an eye on price of $GLD which parallels #BTC, with a delay ofc. Always set your stop-losses! 10% (with the 12.8% selloff) is...
Bitcoin broke down the $11k level and is now drifting lower toward the $9.8k support level. Volume levels are still low and do not seem to want to pick despite the fall. This low volume context implies that this drift was induced by retail traders and not by institutional ones. Retail traders' impatience has been growing lately while bitcoin was stuck within its...
Nothing new today for Bitcoin, the coin is still stuck between its downtrend resistance and the $11k level, both fiercely defended. We are witnessing a consequent decrease in along with volatility and as a matter of consequence Bitcoin's trading range. Institutional funds that kept feeding the Bitcoin's soaring prices since the beginning of the year seem to be...
Just exploring the daily RSI's and it dawned on me the following chart: Looking at how divergences effected the overall trend in the bear market and how we are doing now. I haven't done the early stages of the bull run in 2015 to 2017, that would be next but its interesting as to how things look familiar. Anyway, just sharing an idea... as time passes, we can...
Target area on the rectangle. I've already shorted all my positions. May touch the 12k but will not go any further. I've warned you. Or prepare to get rekt!
Bitcoin continues to evolve between the $11k support level and its short-term downtrend as we expected. During the last days, the buyers were able to build short-term higher lows which could have led to an upward breakout. However, the volume is still not there, therefore impacting the prices' momentum. As a result, Bitcoin recently broke down of its short-term...
In short: Break-out UP is expected. In long: Taking into account general Bitcoin uptrend, the price should break out the triangle UP after bouncing inside. However, there is a possibility that the price can go to 8500$ levels or even 7500$. Please use stop-loss just in case.
At the 4-hours timeframe chart we can see the most relevant Bitcoin's price action. Decrease started on 10th of July formed a small triangle which was easily broke up by bulls with insignificant volume increase. The price bounced from $9 060 to $11 160 level which equals 23.1% growth within 3 days. Rapid growth brought uncertainty and fear to market which is...
Regarding BTC, we are bullish on the MACRO level however the micro level is very complex and difficult for many TAs. FOMO needs to be under control. Having said that, lets remind people about the ALT coins, don't be stupid and move away from BTC. BTC trend has been dominant for a while and its the big market cap, the rest is not worth the risk. Previous post:
BTC ended up the day lower, showing an almost 4% loss against the US dollar. Volume keeps decreasing, intra-day range and volatility keep tightening. We are currently in an accumulation phase, hence the whipsaw of the prices. As long as volume remain low, buyers nor sellers won't get the necessary momentum needed to break through the near downtrend or the $11k...
There are some Fractal at play from 2017 bull run. As per chart, we have a price that refuses to go down and consolidation taking place under a main resistance line. Also some time back, I stated the level required to confirm its a bullish trend, open and closing on the daily to take it as a sign. Fractal at play: Both have the same run up, ALT and then a...
An early break of falling wedge plus partial decline could be possible strong breakout to the upside. Targeting the .618--roughly 11.6k.
Maintaining a strong uptrend on the daily. Breakout of Descending Broadening Wedge. Target: $14.5K
Bitcoin rebounded today after diving yesterday toward the $11k level. Buyers and sellers are still offsetting each others attempts to take the upper hand. Volume has been slightly increasing but we are still far from the required levels in order to provide some trend's momentum. Stochastic is showing a bullish crossover on the short-term but volume being low and...
First - this is not my original idea however I agree. There is a common trait when looking at the last bull run in 2017 and that had to do with 3 EMA\SMA's. If you look at these 2 charts, you will see a sample from 2017 and today. We have completed one section to meet this requirement which is the death cross. Now we need the other, which can be obtained by a...