BTC bulls are scouting for a higher low to form after the bull move yesterday.
We will need to see an hourly trend change for us to be confident it has been set.
The more we pull back, the more likely a 4 hour equilibrium is coming today.
Still watching the daily EMA resistance as it drops down each day.
Daily inside bar forming today and if the 4 hour ...
Dump to lower lows last night that has not resulted in much of a bounce at this point.
Bulls are battling hourly EMA resistance, and if we see another leg up on the bounce we will be looking at 4 hour EMA 12 resistance.
Everyone is looking for potential capitulation but these lazy bounces are an indication that is not the case yet.
Better % opportunity on ...
I do not often draw trend lines but the current channel is being respected very well as the resistance lines up with daily EMA resistance.
We saw a bear trap last night with a break of support and instant bull move.
The price has quickly made it back to a recent 4 hour lower high of resistance, as well as 4 hour EMA resistance.
Bulls looking to form a 4 hour ...
BTC has been forming a 4 hour equilibrium for a day at this point and is likely to see a volume spike and break of this range shortly.
We already got a small bull break on coinbase for the bulls but no follow through so far.
With a bull break we look to the top of the bitmex move, and with a bear break we look back to $6,400s.
People ask why do we consider the ...
Unfortunately, due to huge losses in bitcoin, it's likely that after looking for strong resistance, we expect a price hike for months, which will make the Bitcoin market and in general the digital currency continue to remain in this situation for one or two years.I predicted last year that most of the digital currencies, such as teron, xvg, lsk , ada ,... , would ...
2nd video in 3 days where I have given a must hold level for the bulls that we were on the verge of breaking, but the bulls managed to hold.
We now have another 4 hour higher low, and a continued tightening range.
We will look for a clear break likely tomorrow, and the more upside the bulls can see here to give them space, the longer we can stay in the ...
Bitcoin is crashing and continues on doing the same !!
BITFINEX:BTCUSD is down by more then 80% this year!!. We are looking for another significant drop to the @3000 level, thats another 25% wow!
From my experience stay on the sidelines or short sell!!
Follow your Trading plan, remained disciplined and keep ...
BTC has broken bearish below a weekly support of $6,200 to see the lowest price in a month.
The bears continue to have complete control and anything on the daily under $6,383 is a lower high.
We will continue to be cautious as bulls, waiting for trend changes to eliminate lots of risk while giving up some reward. There are still Tether uncertainties in the air, ...
3 Reasons why i buying POWR for this 3 target trade.
*RSI has bottom out and its showing strenght of upwards trend on daily chart
*CCI also showing upwards momentum on the volume side from the buyers
*MACD is about to test cross on daily - still waiting confirmation
Lets see how it now plays out the next ...
We are clearly seeing "Defense bots" where the price hits a certain level in the $3,500s and the market buy bots kick in.
This has happened 3 times now and the bounces are smaller every time.
We are fading back towards support and being driven down by 4 hour EMA 12 resistance.
Bulls have 0 momentum unless we get over these resistances.
The bears are on offense ...
Healthy low volume consolidation overnight as the bulls attempt a 4 hour higher low and continuation.
We will need to see the trend change back to the bulls on the hourly for us to be confident in a 4 hour higher low.
Potential it could be a slow day giving us a daily inside bar.
No red flags for bulls on the bounce yet at this point but bulls still need to be ...
BTC continues to see small bounces, leading to lower highs and rejections from 4 hour EMA resistances.
The bulls held the low of the dump last night, though some exchanges like Bitfinex did not.
The bears are extremely comfortable on the 4 hour time frame and have no reason to cover...
yet we have seen 3 days of shorts covering. This leads to the possibility of ...
What started as a potential 4 hour inverse head and shoulders has now formed an extra lower high and shaped up to be a clear equilibrium.
Low volume consolidation as the bulls are looking to set another higher low this morning.
This has resulted in multiple daily inside bars and tightening ranges as well.
We will look for a volume spike and a break today.
With 4 hour EMA resistance looming, BTC bulls are looking for a 4 hour higher low and trend change to see the oversold bounce follow through on the daily.
4 hour Bull MACD crosses used to be a good signal earlier in the year for longer term oversold bounces to get some follow through.
If we change the trend on the 4 hour chart we will zoom out to the daily and ...
The bear break of the weekly pattern has magnified into a significant crash the last few days as we free fall through zones with a lack of support. The bears have complete control and RSI levels are meaningless.
Bulls looking to buy need to wait for trend changes on the hourly which we have not seen in the last 2 days.
Remember... IT CAN ALWAYS GO LOWER. Burn ...
We had a bull move that was quickly smashed down by the bears, proving that without extreme oversold conditions, or a change in the daily/weekly trend, the bulls have little going for them.
Make rules and stick to them "I will not trade crypto bullish until the daily trend changes in their favor" and Stick to it!
Personally I believe this market right now is ...
BTC is still in a 4 hour lower high pattern, but this current consolidation is healthy as the bulls look for a higher low to be established compared to the low of the dump.
If we see a break of these two resistances, there is a lack of immediate resistance nearby and we will look for a daily lower high to then be set on the bounce.
Potential for a daily inside ...