This is not the first time we post this analysis but it as it starts to get increasingly relevant again, we thought it would be the perfect timing to refresh your memory. As you can see we are on the 1W time-frame, charting Bitcoin (BTCUSD) against the GOLD/SPX ratio(blue trend-line). The conclusion that this comparison offers can be very valuable. When the...
NYSE:OGN Performing Falling wedge in 4h Breakout done Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume....
$FLOKI performing Descending Triangle in 1d Yes I am interested to buy here What Is a Descending Triangle Chart Pattern? A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern. A descending triangle has one declining...
CRYPTOCAP:BTC #BTC $29,483 support testing as expected, Last 4h closed bearish, $29,199 support could come in effect, Weak volume, will see some struggle at $29,199-$29,483 support range.
CRYPTOCAP:BTC #BTC beautifully done! As expected tested $29,483 and attempted at $30,002, currently moving to test $29,483 support, previous 4h closed bearish expecting support test $29,483 which should hold. Beautiful follow up close on 1d. Watch given S/R
CRYPTOCAP:BTC #BTC attempting $29,199 test, possible bullish engulfing on 4h, Beautiful previous daily close with bullish pin bar, if followed thru expected $29,483 test. Watch given S/R, current support $28,938
CRYPTOCAP:BTC struggle gaining $29,199 support, $29,483 resisting, Current support at $28,938. Weak volume, average RSI on 4h and 1d, will continue sideway for short term.
CRYPTOCAP:BTC #BTC $29,742 resistance in effect and testing, $29,483 support yet to be tested. Last 4h closed bearish, Bullish engulfing with bullish hammer on previous 1d close, Follow thru can help take $30,002 support.
I closed a short position on Bitcoin, a high chance of a rebound to 30,500 - 31,000, after which we will continue to decline to the levels of 0.618, I indicated a wide area on the chart. Now the volume indicator indicates strong buyer pressure at all time frames.
CRYPTOCAP:BTC Back on $29,199 support with bullish engulfing signaling reversal on 4h Yesterday. Avoided dump following bearish pin bar on 4h, looks good on $29,199 key support area. 1D closed with bearish pin bar, required $29,742 support.
CRYPTOCAP:BTC #BTC broke below $29,199, struggling to regain $29,199, expect resistance here. Put bearish engulfing on 1D as warned yesterday. Current support at $28,938, if continues to drop next key support to watch at $28,590. Watch given S/R
CRYPTOCAP:BTC #BTC $29,742 retested following bearish 4h close as expected, 1D closed with bearish pin bar. Daily volume dropping, RSI looks fine on 4h and 1d, expecting sideways movement little bit more here, $30,282-$29,483 range.
Bitcoin (BTCUSD) has been consolidating for nearly a full month (since the June 23rd High) and the 1D MA50 (blue trend-line) is only 1000 points away. Since the bullish break-out exactly at the start of the year, BTC has used the 1D MA50 as the short-term Support and more specifically the bounce level before each Higher High. As you see on this chart, the...
CRYPTOCAP:BTC #BTC $30,282 resisting, support at $30,002 to be tested, current 4h looking ugly, could put bullish engulfing on 1D if followed thru previous 1d close, $31,010 support is must. Watch given S/R
CRYPTOCAP:BTC #BTC $30,282 support testing, been struggling here for more than 48 hours, $30,002-$30,282 current support range. Previous daily closed neutral, could put bearish or bullish engulfing today, watch given key support areas.
CRYPTOCAP:BTC #BTC $31,372 support in effect, CRYPTOCAP:XRP news gave the required push thru $31,372 yesterday, $31,861 resistance rejected, doji on last 4H, bullish engulfing 1D close requires follow up today. Next resistance $31,113. Support $31,372 looks fine, $31,010 could be key support.
Bullish Rectangle After an uptrend, the price paused to consolidate for a bit. Can you guess where the price is headed next? If you answered up, then you’re right! Check out that nice upside breakout right there!
CRYPTOCAP:BTC #BTC Nice attempt yesterday to gain $31,010 but failed with rejection, Last 4H closed bearish, current 4h with very low volume. 1D closed bearish, current support $30,282 at risk. $30,623 initial resistance, RSI looks fine on 1D and 4H.