BTC tested resistance and rejected with a 4 hour lower high, and a pullback to test support. If we lose this 4 hour uptrend, daily consolidation to find a higher low will be underway. Another possible scenario is a bear break with a lack of follow through, which would be a bullish signal of a healthy daily higher low forming. I personally entered the LTC bull...
Looking at Bitcoin here as we remain pinned on the $4000 key level, I am cautiously bullish. As we have been consolidating for the last 3 weeks BTC has held the Daily trendline, making higher highs and higher lows. This gives me reason to believe a larger move back into the $4200 weekly resistance region is setting up. The $4200 Resistance has been strong with...
Golem held the weekly support level at $0.055, forming a potential double bottom. If GNT can see some buying and a break of the $0.08 neckline/resistance level, I believe further upside may follow. If that is the case I will target the $0.09 and $0.10 levels, which align with the 0.27 and 0.618 fib extensions.
After another volatile day we have remained pinned tight on the $3800 price level. Yesterday we did a spike to the upside before rejecting the 0.382 FIB retracement. For now it is best to stay patient while in the tight hourly trading range. If the $3750 level is lost I believe the downside $3600 and $3500 levels could be met in the short term.
the people who predict that the bitcoin will reach to 20000 from here made me crazy . may be it's a good chance but there is no indication that the up move begin. The price is moving in a sideways direction in a triangle pattern in a long term downtrend so the probability is much more to break the lower side of the triangle. Please Don't buy now when the bitcoin...
BTC broke to the upside today now up more than 8%. I am closely monitoring this as it is crucial we hold above the $3650 pivot in order to sustain the bullish momentum. If It can close above that level a continuation is probable. However if we retrace and close today near $3530, I believe this could be a manipulative stop hunt and to trap some bulls.
The last two weeks have been sideways and boring, but provided a great channel on the 1H for scalping opportunities. I believe we most likely break out of the channel this week. Based on the higher time frames I have a slight bearish bias and if we are to see any momentum to the downside I will ultimately be targeting the 3200 region.
Bitcoin is below the 200-week and 50-month exponential moving averages. These acted as support in the last bear market and Bitcoin has not treated them as resistance until now. Another sell-off is likely unless Bitcoin can get back above these levels. The 100-Month EMA is the next major MA support.
Highly risky short entry on BTC after a huge manipulative stop hunt above $3400 with a rejection of the 200EMA (red) on the 15m.
BTC Bulls have had some momentum the last few days, but is currently seeing a bearish reversal daily candle. If the 4 hour uptrend is lost, we will look for a daily higher low to form. The current 4 hour consolidation is healthy so we are not likely to lose the uptrend over the next 12 hours. I will be interested in the bulls if we can see a break of daily...
After the dump yesterday the bounce has not been very impressive for the bulls. It is currently a potential bear flag on the 4 hour and even if the bulls can negate it and see bounce continuation, we still have 4 hour EMA resistance to deal with. The bulls backs are against the wall and the bears are eyeing the 3 key daily and weekly support levels all within...
Grosso Modo Disclaimer I aynt no financial adviser bla bla.... So the Warren Buffet indicator is based on total stocks capitalization divided by USA GDP multiplied by 100. Basically if the STOCKS market capitalization is greater then USA GDP, its close to a bubble (see the tops white-ish rays), if its lower there is money in the market to invest and a great time...
BTC bulls trying for a 4 hour higher low and a break of the lower highs to change the trend and give indication our daily higher low has been set. The bulls still have control and it will be up to bears to rejection the price from $7,128 and see a lower low. Aggressive bulls can enter here and stop out below the currently low of 4 hour consolidation, and...
Things are getting INTERESTING, mostly due to the continual increasing shorts. They are opening the door to get squeezed and bulls can see this clearly. We still do have 4 hour lower highs and in order to see a squeeze we are going to need to see a 4300-500 move in 1 hour. Bulls still must remain protective trading counter trend, and this 4 hour consolidation...
ETH continues a slow grind down with rejections from EMA resistances. Surprising to not see any bull break with the BTC bull break from last night. Bears remain in absolute control with a daily lower high pattern consistent and intact. Bulls are cautious even on a bull break of this pattern, as we are anticipating a BTC daily lower high to set early this week....
4 hour RSI is cooling off as we see declining volume and multiple 4 hour inside bars break bullish to start the morning. I am not expecting continuation just yet, but this gives bulls more space to work with as they try and pull off a daily bull flag. Breaking the low of current consolidation will not be a big red flag for bulls as we can still see very healthy...
o A Californian mining company, 3G Venture II has purchased an Intel chipmaking complex for USD$13mm. It is reported that the company is looking to use the facility as a cryptocurrency mining center. The space totals 1.4mm square feet and the owner of 3G Venture II, John Chen believes the facility will be able to provide the necessary conditions for a mining...