Bitcoin’s stagnation phase continues as it trades within the narrowest range it has ever traded in its 11-year history. Indeed, the flagship cryptocurrency’s monthly price range recently hit a new all-time low of 6%. The last time such a metric was this low was in May 2015 when it was hovering around 9%. The lackluster price action was visible on Monday, July...
Bitcoin continues consolidating without providing any clear signs of where its price is heading next. The ongoing stagnation phase was mostly felt on July 14th as the flagship cryptocurrency mostly traded within a $90 range. BTC opened the day at $9,251.6, but a few hours later its price dropped to $9,163.4. The bulls were able to step in throughout the middle...
We see a lot of alts posting impressive gains lately. How long can this last? Based on this pattern here, Bitcoin's dominance is close to finding a support and around the start of Q3, should start rising. Maybe that will kickstart the start of the new parabolic Bull Run for the whole market. What do you think? ** Please support this idea with your likes and...
Bitcoin kicked off the year in a good posture. It opened at $7,174 and quickly entered an uptrend that saw it rise 47.6% within a month. By February 13th, the flagship cryptocurrency had gained over $3,000 to hit a yearly high of $10,522. Nonetheless, investors became concerned over the wide transmission of COVID-19 putting a stop to the bullish momentum BTC was...
Another month went by and the $10,000 level continues to stop Bitcoin from resuming its historic uptrend. On June 1st, the flagship cryptocurrency signaled that it was capable of advancing higher. It surged 8.60% from a monthly open of $9,450 to $10,500. However, the bears stepped in and took full control as unaware investors were growing overwhelmingly...
Hey everyone, Weird chart, I know. At the same time, it is still a valid one. The second and third legs are much smaller than the first one yet the Fibonacci compliance it's still there. The risk is much bigger to miss out that to calling this a bit too early. Remember, it could still go lower without ever triggering. As a reminder, watch out for your risk!
Bitcoin Awaits Decisive Breakout The pioneer cryptocurrency had another rough week. Its price was able to surge over 5% after the weekly open, rising from a low of $9,300 to a high of $9,800. But as the week progressed, Bitcoin pared all gains incurred to end 1.44% lower on Friday. On June 24th alone, BTC took a 4.4% nosedive to reach a low of $9,210. A few...
One sensible way to avoid over trading on a low time-frame is to look at Heiken Ashi. If you can not observe clean and tidy trends with your preferred risk/reward ratio including take profit targets and stop loss positions, why trade? Look for trading zone breakout opportunities and be patient, remain calm, don't over trade.
Hi, Got a pretty good confirmation from a 4-hour chart to call out a possible "BUY" opportunity. A strong breakout from a short-term descending channel, which gives us a good and clean entry area for longs. The timing is not the best (Sunday evening GMT +3) which doesn't give us a lot of volume, but still worth taking a shot. It becomes invalid after the price...
Whichever way you slice it, Ethereum is in a very good position for strong continuation in June. MACD is up. RSI is still moderate (not overbought). Short-term Moving Averages point up. And price just closed about the Ichimoku Cloud with a tinken-san kijun-san cross-over pointing up. Next major resistance level is 30% above current price. Will we get there...
With the May Candle now closed, we continue to see a squeeze into the nose of a triangle. Short moving averages suggest upwards pressure, however Ichimoku cloud and MACD both suggest downward pressure. Price action is inside of the forming cloud. Traders will be ready for imminent breakout of the triangle in either direction for a strong rally in either direction....
Bitcoin has fallen out of the rising wedge. Even though it looks like the price is pushing higher, i do not believe it will be able to break and close above $10,100 in near future. I think it is more probable that we will eventually retrace to low $7,000 before breaking and closing above $10,100. IF, bulls somehow push the price above $10,100, i think we will...
Bitcoin Dominance made a strong recovery in recent weeks, up to it's key resistance trendline. The weekly chart shows BTC is making a test of that trendline to squash alt coins back into a little corner of the crypto pie. But on the daily and 12 hour charts it appears the alts are fighting for a strong comeback. IF this week ends with bitcoin losing about...
Bitcoin is on a strong rally right now, perhaps due to the excitement of the halving event next week. We are watching the long-term trendline of bitcoin dominance stretching back to the Ethereum ICO mania of 2017. A break above that resistance would suggest bitcoin taking a stronger position than the rest of the crypto market. Perhaps bitcoin maximalists will...
BTC is going to correct near 7,9k - 8-2k and then will skyrocket to 14k and I see a mid term bullish movement. I know many of us are waiting for "the big drop" but guys, the big drop was already here... Of course is nothing sure but this is my view, based on the current situation. Good luck and take care!
CT MarketCap ; seems to broken on a short scale and STAGE I & STAGE II the resemblance is remarkable, it seems time of mobility for Alts .. Break a leg!
Quite revealing to look at the big picture alts vs btc. Lots of targets down as bitcoin loses dominance to a new alt coin bull market.
Hi, The price of Bitcoin has made a short-term "Double Bottom" inside a bullish chart pattern called "Bull Flag". At the moment we got a breakout both of them, the last 1-hour candle made a break and close above the "Bull Flag", the "Double Bottom" is also valid because the last bullish 4-hour candle made a pretty decent climb and the last 1-hour candle made a...