Bitcoin has broken past the 12 hour candle that put in our top (7746.75), which indicates a local top. This has now put in some bearish divergence and I have a target of around 7200 (where the 21 ema is at)
Many people said Bitcoin started its bull move again. It is true that the price has increased significantly over several months. But we still have to wait, at least until this week’s candlestick finish to see whether it’s going to rally or not.
As we can see, there is a major resistance here around 6,000. If this week’s...
Looking at the daily chart we can see that we're bouncing off the same trend line that we have been following for weeks since early March. We need to see a break and re-test of the current support @ .004300. A break and re-test of that level would give us bullish trend confirmation to move higher to the supply zone @ .004800. If we are unable to find support here,...
In the 4-hour time frame, we see a continuous chart pattern, showing a possible upside. But in the 1d time frame, the price is responding to ema200. In the past the price has been very reactive many times with ema200 1D and it proved to be a very strong resistance
So be careful
We expect the end of wave (3) at $5899, followed by retracement in wave (4) to $4917.
The target of wave (5) is $6702
We work with great care, but still accept no liability for our ideas.
Hello crypto friends, I am Coin Savvy and I like charts. Check out this brand new analysis on Bitcoin and its 21 monthly EMA.
The Bitcoin monthly candle is about to close here in 5 minutes and we need to talk about some things.
Price action is RIGHT NOW sitting at $5260 and looking to close this monthly candle above this 21 monthly EMA (The 21 monthly EMA is...
After that last week dump from the $5,500 to $5,000, the BTC price has moved completely sideways. Just a few ups and downs but in general in a very tiny range. Luckily, this sideways movement has occurred in an important area and we can make some conclusions about it.
Why this is an important area? Because of the trendline!
The trendline has worked as a strong...
ENJ/BTC had a heavy pump during the past weeks,
even tough it has corrected about 50% now.
It has come to a very strong support zone (previous high), which is a good point to buy.
Nevertheless the MACD shows some signs of weakness, so you should have stops in place.
The most likely way will be a slowly but steady uptrend to 8000 satoshi end of year 2019....