Buyers have come back into the market today to hold $85. It looks like we could be closing the day on a bullish pin bar. This is a good sign after the long downtrend, which has seen a 40% drop from this year's hight at $145.
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Bitcoin is trading back under the $10,600 level in early Monday trade after the BTCUSD pair suffered heavy losses over the weekend. The short and medium-term outlook for the BTCUSD pair is now shifting, with price now making lower highs and crucially, lower lows. A break below the psychological $10,000 level exposes a very important technical test of the $9,600...
Yes! I said it. Bitcoin has continued to struggle to stay above $13000. With the two significant bearish engulfing candlesticks I would say we could be looking at the start of a downtrend. Bitcoin has been consolidating for over a month now, and buyers have not taken a strong position over $12000.
With a possible downtrend coming, our first stop will be a test...
I made a video explaining all the distribution happening all year and the test pump for demand leading to a bleed out into accumulation (link in bio on tv, on twitter)
If it fails, likely goes into a prolonged accumulation for a heavier mark up and a spring scenario buy.
Bitcoin has formed this Lower High/Low structure the past few days. Seeing weaker bounces as well as money most likely starting to flow into alts.Until a break and a higher high, I see us testing lower supports in the mid term.Thanks be sure to show some support :))
We spotted therecent cycles of BTC growth and accumulation phases.
It looks like we are at the beginning of another accumulation phase.
It should take around 30 days.
Another 13 days we should see a bull rally to around $20K.
Right now the good idea is to sell BTC and operate on altcoins.
Within the upcoming weeks, we should see an interesting...
Ethereum has started to reverse from the $360.00 level after following higher and surging to its highest level in over eighteen months. It maybe to early to call a top in the ETHUSD pair as a bullish pattern with a target of $490.00 is still in progress. Sellers need to move the ETHUSD pair under the $310.00 support level to encourage short-term sellers back into...