Chart is showing that the price is forming Bullish Pennant Pattern. The price already broke resistance line of this pattern but one of the concerning thing is that MACD and RSI have ascended very high and this breakout might be false. This might be indicating that the price is in need for reversal downwards instead breaking upwards. If the price manages to break...
The Ascending Triangle and the Pennant both are considered as a bullish chart patterns that mainly forms during an uptrend as a sign of continuation in a trend. Buy orders should set on break out signals, above 760 level and stop orders below the bottom lines of the patterns at 650 level. Overall the markets are looking overbought and it is recommended to buy...
Litecoin is forming two bullish patterns (the ascending Triangle and the pennant) which both are considered as a bullish continuation patterns. Buy orders should based on break out signals and breaking out the top levels / resistance levels. Important thing to remember when considering the current condition of the market is that these are very overbought and if...
BTCUSD 7.50% Update: Analysis for today is based on fibonacci levels. This is based on previous calculations as seen on the chart. The chart explains itself pretty well. Price patterns can be repetitive and constant. You start seeing them constantly especially if you have been trading enough of time. Similarities that are displayed in this chart are rather...
On chart the price is showing us two bullish patterns which both have already broke upwards. Also the price has tested resistance line few times now and not breaking through of it. But if the price manages to break through of this resistance level, then it's indicating that bullish break out is soon to happen. Buy orders should be set above resistance level. one...
The price is showing Bearish Regular Divergence. Both MACD & RSI are supporting this by doing lower highs. This is a strong signal. This does not mean I'm bearish on bitcoin, in longer term I'm very bullish. So the question is where will it land before going up again? First, it's important to test our current trend line and seek reversal signals. Although can be...
RSI confirms bullish divergence and price reversal. MACD supports upward movement. The price has to break downtrend line and resistance line to get confirmation of further upward movement. If the markets meets our conditions we are able to add more value in our long term trade. Some profits should be taken near to the resistance line at 488 level. If you are...
RSI confirms reversal (Bullish Divergence). MACD is supporting upward movement and has hit the bottom. Price bounced nicely from MA100 support which is indicating that the price wants to move further upwards. To get further confirmations the price has to meet our conditions by breaking downtrend line and resistance line and if it breaks above these levels it's...
BTCUSD vs ALTS. About the charts ALTS are getting drained by these great news and future forks that are coming out to Bitcoin. No one wants to miss them. And this means more people are selling their ALTS to join this bullish BTC rally. If BTC will continue moving upwards, it means that ALTS are going to test even lower supports. But in other hand if BTC starts...
I tried to make a good reflection of the whole cryptomarket. I only could do this with coins that been trading for more than a year. Otherwise the chart did not work. So I made a chart with the following coins: BTC, ETH, XRP, LTC, DASH, NEO, MONERO, XEM If people also wanna chart on this chart use the following ticker: ...
Anywhere you look there are bitcoins all around… litecoins… crypto-currencies… it is forbidden… it’s allowed… The market is becoming more attractive, new investors are coming, thousands of new traders occur, and financial companies are getting ready to renew their working style. Why does not the price rise? Everybody is getting ready, they are look narrowly,...
Hello everybody! It’s Monday and therefore there are new forecasts for the following few days. Let's start with Bitcoin. After a long period of uprise, the price started to decline and now it is confirmed by indicators that a decline might be further $ 300-400 this week. Also I have updated schedule of my webinars, 2 webinars every day! Waiting for you there!...
BTC needs to consolidate before new highs. Possible a test of daily MA200 - 2700 usd area before heading to new highs.
Hello everybody! The last week was difficult and everything was fine at the same time, bot not about the bitcoin. Public Joint Stock Company "MegaFon" issued 500 millioin rubble bonds last week and the entire issue was purchased by Raiffeisenbank. This was another very important reason for a huge jump-up of the price of bitcoin. For this week, I will make an...
Looking at the daily chart we have different bullish signals: - market is consolidating above MA100. - daily MACD crossed bullish For further confirmation we need to break downtrend Strong Support at 0.46 Targets: 0.77 and 1.0
Hello everybody! How was your weekend? I'm waiting for that the Bitcoin will reach the new price level this week. Sell from 3775.00 Expiration: EOD, EOW, 1H sell from resistance and trend lines.
If things happen like in the drawing, then we know we have strong market!