Another analysis and other possible patterns around the $8,000.
You should remember that the last Weekly candle close gave us a 66% probability, over a small sample size, that the price may go to the higher levels. This is our first tiny indications but we need some confirmations do be more secure about that because, as said, the sample size is tiny.
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BTC rejected from resistance yesterday, leading to consolidation remaining in this tightening range.
Break is imminent within the next 24 hours and how this 4 hour pattern breaks will have significant implications on how the daily range breaks.
Bulls need to show up this morning and shift the hourly trend to form a 4 hour higher low.
Currently still in an ETH...
Bitcoin made a 10 months high on May 16th. It reached levels near $8,400 that were not seen since July 2018. After making this 2019 new high, the price retraced exactly to $7,000 to consolidate the latest pumps.
Now, Bitcoin is going up again and aiming for R1. However, in this 30 minutes chart we can see how its price has made three decreasing maximums in a...
After a nice climb on the Bitcoin, what's his next move?
We added the Fibonacci retracement to give us a further indication, the bitcoin crossed the 0.236 line and was on the way to the next 0.38 line and then started to fall and stopped at 0.23 which became support, the positive sign is that the support held and very soon Bitcoin returned almost to its last...
Check out this fractal on the 1D comparing December 2017 BTC peak with what we are seeing now. Almost identical.
1) Ultra bullish momentum pushing price way above 50MA.
2) 3 red candles down
3) Followed by super strong reversal (2019 one green candle, 2017 2 green candles)
4) 1 red candle down
5) Sideways for a day (in our case this is the second day)
BTC is going through consolidation after retesting $8.4k level (resistance/pattern neckline). I can see this pattern acting as a continuation pattern further to the upside. If price can break above and hold the $8.4 level I can see it continuing up towards $10k. Price faced some resistance around $9.9k back in March and May of 2018. Will need a volume spike to see...
. MIOTA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility of...
Hey guys. A quick Bitcoin hourly chart for you. As support, we have our long term bullish channel. You can see that zoomed out:
We also have a mid-term uptrend as support. This rising trendline could help us form an an ascending triangle pattern on the 8200-8400 resistance. Volume is decreasing at the moment, which shows...
This post is a follow up to this: published on March 20th. The previous chart pointed a deceleration in drops, leading to the bottom.
The chart shown above shows that same simple narrative, pushed out a few more months. As I have stated over and over on...