In a significant development overnight, Bitcoin plummeted below $29,000, marking a new low at $28,726. In the process, Bitcoin dropped below the 50-day SMA, which previously acted as a support (now it acts as a resistance). In addition to that, DM+ and DM- performed a bearish crossover on the daily time frame, and RSI, MACD, and Stochastic continued to develop...
The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within...
Bitcoin's (BTC) recent movement against USDT has captured attention as it breaks free from a falling wedge pattern. Despite modest volume, the breakout holds promise. Notably, a divergence in the MACD indicator on the 8-hour chart adds further intrigue, suggesting a potential bullish momentum shift. While these signs are positive, cautious analysis and market...
Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC. The previous two Halvings were on August 05 2019...
Breaking free from a falling wedge pattern, BTCUSDT is showing strong potential. Despite moderate volume, the recent close above the falling wedge is a promising sign. Keep a close watch as this breakout could mark the start of a bullish trend. Stay informed and trade wisely! 📈💹
Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend...
Bone ShibaSwap (BONEUSD) has completed a 6 day bullish streak following the rebound on the Symmetrical Pivot Zone. The RSI Lower Highs sequences, as well as the Higher Highs that preceeded them after the rebound on the Support Zone, show that BONE is replicating the December 2022 - February 2023 bull run. As a result, this is an excellent buy opportunity to...
Polymath / POLYUSD crossed today above the Falling Resistance that dated back to September 4th 2021, the start of the Bear Cycle. This is the first major bullish breakout signal, with the second and more decisive being when it will cross above the 0.382 Fibonacci level. Be ready to buy that breakout and target the 0.618 Fibonacci at 0.4800, which was the...
Bitcoin Gold (BTGUSD) broke today above the Lower Highs trend-line that started after the Cycle's High on May 2021. That is a major bullish break-out and the last Bear Cycle Resistance standing in the way is the 1W MA200 (orange trend-line), which even though it broke in mid October 2022, the 1W candle failed (emphatically) to stay and close above it. Secondary...
Overnight, multiple news media reported that according to Brian Armstrong, Coinbase's CEO, the Security Exchange Commission (SEC) advised the platform to halt trading in all cryptocurrencies except for Bitcoin before initiating a lawsuit against the company. The lawsuit, filed last month, accuses Coinbase of failing to comply with the current regulation that...
This is a break-through analysis on Bitcoin (BTCUSD) on the 1W time-frame that we posted a while ago but couldn't look more relevant today and can accurately explain the low consolidation of the last few weeks. It compares the current Cycle with that of 2014 - 2017. ** Amazing Cycle symmetry justifies current consolidation ** As you see there is so far an...
Bitcoin has been trading around the 50-day SMA for the past three days. As long as it stays below $30,000, prospects of more downside are real, especially as MACD performed a bearish crossover through the midpoint on the daily chart, which is a highly bearish development. Nonetheless, we would like to note that we are still missing confirmation from DM+ and DM-,...
Quant is an interoperability solution blockchain platform designed to help bridge the gap between various different blockchains and enterprise software using a simple plug-and-play solution that doesn't require teams to deploy any new infrastructure. Anyway, after QNT broke the downtrend line, it went up and then into a consolidation zone that seems unfolded in...
Bitcoin (BTCUSD) is above the 0.5 Fibonacci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence. Currently this is very positive for the upside's chances as the price has cleared the 0.5 Fib for more than a month and is currently...
Immutable X (IMXUSD) is trading within a Channel Up pattern for exactly 1 year (since the July 30 2022 High). The price hit today the 1D MA200 (orange trend-line), breaking above the horizontal 0.236 Fibonacci retracement level while reaching the 0.236 Fibonacci Channel level. This is a sequence of Higher Highs, thus a technical uptrend. The last time when all...
◳◱ We've detected an Ascending Triangle pattern on the CRYPTOCAP:ETH / MIL:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance levels are at 0.06362 | 0.06446 | 0.0659 and the major support zones are respectively at 0.06218 | 0.06158 | 0.06014. ◰◲ General info : ▣ Name: Ethereum ▣ Rank: 2 ▣...
PENDLEUSD is attempting to get detached from the 1D MA50, located at the bottom of the 8 month Channel Up. The 1D MACD is in the process of forming a Bullish Cross, while the overal timeframe is neutral technically (RSI = 50.567, MACD = 0.003, ADX = 41.833) indicating strong upside potential. As long as this holds, we are expecting this to be the start of the new...
It is not the first time we look into how the Chinese bonds (with our unique CN02Y/CN20Y ratio displayed by the blue trend-line) affect Bitcoin's (BTCUSD) Cycles: With the addition of the Sine Waves to better illustrate the Cyclical behavior of the bond yields ratio, we can see that it matches almost perfectly BTC's Cycles. Every time it bottoms, BTC bottom...