I just checked the price of Bitcoin back in 11 Nov 2017, at $7888.88, that's a round number right?
Therefore that's a super strong resistance level as well which already has broken this week few times,
right now that I'm righting this, bitcoin is braking through that level and a flag pattern for the 4th time.
This can be the beginning of another bull run towards...
Fundamentals have not changed.
The speculative flows are violent
Our initial continuation entry was triggered.
New Gap Support has also formed, which
would be the ideal pullback area.
But breakouts can also be considered above
the continuation point.
The MACD is turning over which could be a sign it's time for a change of direction.
A drop of between of 25% to 40% would take it back to previous support and would be similar to the correction experienced at the end of the 2015 bear market.
-MONTHLY RESISTANCE ACTING AS RESISTANCE
-FIRST DAILY BEARISH CLOSURE AFTER 15DAYS (3WEEKS)
-WEEKLY SPINNING TOP CLOSURE (SLOW DOWN OF MOMENTUM)
-FIBONACCI RETRACEMENT LEVELS TO BE MET
-TRENDLINE TOUCH, REJECTING A BREAK ABOVE
With Bitcoin, Ethereum, and Litecoin all rallying the last few hours, BAT has been maintaining a strong consolidation trend. It looks like the first week of June will be the moment of truth for BAT/USDC. Since bulls have taken over the market we've seen a return of a raging bull market. A realistic outcome would be for BAT/USDC to have a violent move up...
We have a local triangle in an uptrend which is - as per classic Technical Analysis - a continuation pattern.
Since this triangle is supported by a steady RSI uptrend and oversold conditions on the Stoch RSI, I believe that ETH will be able to develop enough momentum and crush through the resistance at $251.
As soon as a breakout from that triangle is confirmed...
Alright, here we go again with ADA. The long setup I've been posting about recently still has potential, but this one might be an even better trade. There's a lot of pressure building up for this coin, in my opinion. Not only are we coiling right below major USD resistance AND Bitcoin ratio resistance simultaneously, but now we're in a pretty clear falling wedge...
Hello friends, traders, hodlers, everyone..
I drew this chart a little over 12 hours ago, originally like this:
Originally, I did not post it. The truth is, my personal life as of late, has been very difficult. I have been led to question myself on a lot of occasions. Whether or not, I am making the right choices, doing...
BitTorrent along with BNB are the 2 hottest coins of the last few months along with LINK. We are setting up for a nice flat top breakout on the daily chart along with nice time frame alignment on the 15minute.
This pattern has tons of momentum. with the crypto market heating up only a few of these things are up in air in zones where there are no...
Compressionary range has not yet been entered on the longer periods, mean reversion pivots are still in tact and have protected the bullish trend rather well. I'll be shorting as soon as they break, alternatively you can take longs whenever the pivot is tested.
Now is a great time of opportunity for traders and investors. And why am I saying this?
That’s because today we’re seeing one of the strongest trends in the history of Bitcoin as a cryptocurrency.
The price has increased by 100% year-to-date, and by 50.3% (at its peak) just for the last month. Most importantly, we have a reasonable basis to...
BTC traders are laying their cards down on the table, and in this market analysis, I will tell you why.
I have continued to be careful with how I view the BTC markets, but one thing is for sure the Bi-Weekly VWAP, and Monthly VWAP provide excellent areas to buy in this uptrend. Take a look at the Yellow area on the chart, and you can see that price slightly dipped...