The trading set-up on Bitcoin (BTCUSD) since the June 18 low looks a lot like the price action that followed the December 15 2018 Bottom of that Bear Cycle. There is no need to overanalyze this as a simple comparison of the two charts of 2022 and 2019 would suffice. As you see in 2019 when the price broke below the 1D MA50 (blue trend-line), it entered the final...
Bitcoin (BTCUSD) has completed nine days below the 1D MA50 (blue trend-line) as it failed to capitalize on last week's slow rise and got rejected on Friday just before breaking it following Powell's comments on the Fed's outlook. This downtrend has started on August 15, after the price got rejected exactly on the 1D MA100 (green trend-line). The last time we saw...
The KuCoin token (KCSUSDT) got rejected heavily on Friday as it failed to break above the 1D MA50 (red trend-line). As a result it failed to sustainably recover the 4H MA50 (blue trend-line) and dropped to a new Lower Highs trend-line. That live has provided the previous (short-term) rebound on August 19. The common characteristic is that when the price rebounded...
Bitcoin (BTCUSD) tends to have a constant cyclical behavior, repeating certain aspects over and over again during each Cycle. The model that I will quickly analyze on today's post is no different and it involves the 1D MA200 (orange trend-line). ** Similar dips and break-out durations ** On this 1W time-frame, you can see that during the past two Cycles, the...
*** *** For this particular analysis on DeFiChain we are using the DFIUSDT symbol on the KuCoin exchange. *** *** The idea is on the 1D time-frame where DFI has been on Lower Lows since July 02 and is on a 3 day rally attempting to see if this will materialize a Lower Highs trend-line of a Channel Down. What's standing in the way now is the 1D MA50 (blue...
Decred (DCRUSD) is staging a short-term rise after holding the 1D MA50 (blue trend-line) as a Support since the August 19 pull-back. The 1D MA200 (orange trend-line) is the first Resistance but this has already been broken on the August 05 spike, which was though rejected near the 1W MA50 (red trend-line). Those are basically the next pivot levels with the...
The Ankr Token (ANKRUSD) is on the 3rd straight green 1D candle following a near hit on the 1D MA50 (blue trend-line) which has been supporting since July 29. This rebound is coming after a pull-back and rejection on the 1D MA200 (orange trend-line) on August 12. Within the 9-month Bearish Channel, this has been the 2nd 1D MA200 rejection, with the first (April...
Cosmos (ATOMUSD) has been trading within a Channel Up pattern since the June 18 2022 Low and on Monday started the new rebound leg to the Higher Highs (top) trend-line, exactly on the 1D MA50 (blue trend-line), confirming it as the new medium-term Support. By doing so, it broke above a major Resistance, the Lower Highs (2) trend-line (dashed line). The next in...
Helium (HNTUSD) is rebounding today after having made a low just off the 6.2500 Support of the May 12 2022 Bottom. As long as this holds, we should treat this as a Double Bottom. Technically this should put to test the double MA Resistance consisting of the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line), with the latter being untouched since the April...
Bitcoin (BTCUSD) saw a strong pull-back last week after it failed to break above its 1D MA100 and got rejected. We've already addressed that but what we do need to update you on is the fact that the 1W MA50 (blue trend-line) is crossing below the 1W MA100 (green trend-line). This is technically a Bearish Cross but as the chart shows, during the previous two Bear...
Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. Even though the coin is still not outside of this long-term bearish trend, on the short-term the price is attempting to establish a respectable bullish move as it is going to make the third attempt to break above...
Curve Dao Token (CRVUSD) is on a three day bullish streak, attempting to make contact again with the 1D MA50 (blue trend-line). Even though the short-term outlook in the past week has been bearish, we have a series of strong reasons to expect a bullish break-out in the coming days. First and foremost, the price with the current rise seems to have completed an...
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Two days ago the Hash Ribbon on the well-known indicator flashed a buy signal, technically ending the Miner Capitulation! What does this mean for Bitcoin (BTCUSD)? Well historically, Miner Capitulation periods have occurred on absolute market bottoms (or lows during uptrends), providing the most attractive buy entries. The 'blue' buy signal on this indicator...
Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Bitcoin broke out from the small local falling wedge, based on my analysis btc is headed for $22k-$23k. Keep Stop loss at $21k or slightly below! TP1: $22k TP2: $22.6k TP3: $23.1k
BTC on the weekly chart is in a persistent downtrend for this year. In recent weeks, a bit of a bear market rally has occurred and stochastic RSI is now at or above 80 while the MACD has K and D lines touching. The weekly candle is a red Doji. I see this as about the same as the pattern of early April. I conclude that BTCUSD's bear market rally is...
Cardano (ADAUSD) has suffered a strong pull-back along with the majority of the crypto market last week, dropping again below its 1D MA50 (blue trend-line) for the first time in almost 1 month. Still, it is so far contained within the short-term Channel Up that started after the July 13 Low. The RSI on the 1W time-frame may be showing a smooth reversal to the...