Bitcoin on bottom of support channel
Forming falling wedge
Target 50% to upper resistance channel
RSI Monthly / Weekly oversold
Bitcoin has the possibility to lead the way if we have another bullish run/hedge against another pullback
I am waiting for the falling wedge confirmation.
Just sharing where i will be placing my new ETHUSD limit order long based on the uptrending channel support and resistance points and how i came to these decisions. I am placing my trades based on being bullish cause i believe we saw the bottom at 115+.
Nothing is 100% and anything can happen so it is important to consider carefully where to place stop loss...
The image you are seeing is a rare (only because not many people use it) and old form of technical analysis from WD Gann's work: the Square of 52. The Square of 52 is a 52 week time cycle that begins at an important high or low, in this case the all time high of Bitcoin. What we have here is the exact center being traded, and it's at the bottom of a...
LTC is ranked 6th in the ranking of all cryptocurrencies in terms of capitalization. In the last few days we see it growth, while in the last 24 hours its rate has fallen by almost 2%.
From a technical point of view, we are still in the growth channel. After an unsuccessful attempt to break from the bottom, the price turned around and given the opportunity to...
Whole week we watched the Bitcoin rise to new heights. Over the past 24 hours, we have seen growth of almost 3%. Capitalization of the entire crypocurrency market exceeded 200 billion USD, with BTC dominating over 62.5%. In the top ten only Bitcoin and Ethereum Classic record growth, the rest of the cryptocurrencies are falling.
We've reached 6200 USD, 6500 USD,...