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...
This long-term weekly chart shows where the Ethereum ICO craze began to erode bitcoin dominance in February 2017, turning in February 2018 after the peak of the ICO craze, and now showing bitcoin dominance once again beginning to face strong resistance, possibly indicating another bull run for the alt coins.
Hello guys, It is spring already and people are very much starting to forget about the lockdown rules, enjoying the sun and trying to find ways to be more out and close to nature. In the meantime, traditional stock markets and commodities are slowly moving towards recovery or at least it seems so in the short-term. We are still unsure what will be the COVID-19...
Hi guys, On my Monday update for BTC here: I said that what we need now after leaving the horizontal resistance zone around $6,900 -$7,000 behind is to see a confirmation of trend on Tuesday, which eventually happened. Even though the coin lost few bucks of its price it still remained on the bullish side of the spectrum. It was rejected at the 50-day EMA or...
Hi, The price of Bitcoin has moved sideways almost two weeks. In the last week I "revealed" a pretty good selling area, which is still active but firstly the price has to reach there. Luckily, I have managed to saw a pretty good entry opportunity to another wave upwards which can drag the price to the pointed box. Now, this box act as a profit-taking area and if...
Hi, Since the collapse, the price of Bitcoin has been on stable growth. Actually, pretty surprisingly, the price movements have stayed quite calm, with steady growth and with a few waves, classical - until to another shake off. :) Without a small-talk let's jump straight to the action. At the moment, looks like the price has taken a plan to reach $8,000. The...
COINBASE:BTCUSD Bitcoin Technical analysis sharing my thoughts of the market.
Hi, BTC price in this year: +9% BTC price this month: -8,5% Monthly Timeframe (TF) I would like to start my deep-down analysis from the Monthly chart. A few months ago the price action drew a strong bullish candlestick pattern. Actually, this is the most powerful bullish candlestick pattern formation I can ever imagine: the Morning Star (one of my favorite...
BTC has bottomed out and is preparing for its long waited rally to the skies. As you can see on the left chart, whenever BTC price has touched the lowest growth curve it was followed by a long term bull run and we are at the lowest point possible as of now. Also the price on the left chart is forming a humongous triangle which in my opinion is a precedent to...
Hi followers, Recently, I have been pretty quiet because there is just no reason to make an update, everything worked as planned. My bias was correct and now the Bitcoin price has reached to my multiple-times-pointed-target-area: an area where it is nice to close your shorts with profit and for those who are short-, mid-, long-term bullish it is a great area to...
The Ripple company token is looking quite ugly at the moment. It’s 31 percent down since it peaked at $0.337 on February 14. As of the time of writing, the XRP/USD pair is trading at $0.229, right below the previously stable support line at $0.23. It is of critical importance for bulls to return back into the $0.25-$0.23 zone, otherwise, I fear we might be up for...
It's been a month since we last looked at FunFair (FUNBTC) and things are playing out just like they should... Higher highs and higher lows... We will have strong periods of growth followed by long retraces and boring consolidation to end up with a new high followed by a new higher low... This is an uptrend. Previous chart: Now, we can see the channel drawn...
in the past I posted this idea that didn't go as forecasted, but we can always learn a lessons: The pattern wasn't completed yet. In fact, instead of a flag, it turned out to be a falling wedge which is still a bullish pattern BTW. Not only that. The end of the pattern will match with the halvening period which can confirm the bitcoin demand as historical...
Hi, The price has followed nicely my previous analysis and it has started to approach that prementioned trendline. Previously, the area was wider and I would like to make an update to tightening it a bit. Long story short, the strongest area should be $8,000 - $8,150 and it consists of: 1) AB=CD and the D point lands perfectly inside the marked area 2) ...
Are you confused with Bitcoin's recent volatility? Don't be. The price is exactly where it is supposed to be based on the previous market cycle. Checkpoints and similarities with 2015/2016: - Price bounced on the MA150 after its market top. - Trading on the 0.5 Fibonacci retracement level. - Emerging Golden Cross between MA100 and MA150. Differences: - The...