Over the weekend, the bitcoin price experienced another $1000 rise. The bullish sentiment among weekend traders caused the price to break through the monthly level of $23,301 and reach new heights. Currently, the price ranges below the weekly level of $24,297.5 after front-running the weekly naked point of control at $23,970 with a $3 margin.
The direction of...
As you see in the chart, There is a downtrend resisting the price and near it there is one major horizeotal resistance and another minor one.
As the trend has been downward since many days before, I strongly suggest only open short positions for swing trading. And for Long positions, Wait until the price breaks the downtrend and enter in it's correction (Which...
Bitcoin is approaching the 2022 open
The 2021 open was a significant price point all year
Will we see the same in 2022?
Price above the yearly open may indicate more gains in Q1
A failure to rally and close above the yearly open is bearish
Please mind that this analysis is mostly technical and might get invalidated by fundamental or news events.
This is a suggestion to go long on BTC and Zilliqa(ZIL) native coin.
Inside the green circle:
Just as in the text book ... how much confirmation do you need to go long?
On 7th September we saw a stop hunt to take out weak bulls who entered
Big falling wedge on RUN that it's been holding for quite some time now. The solar sector tends to be cyclical with respect to price action, which in turn leads to big breakouts and vice versa (See charts of ICLN & TAN). With all of the intraday choppiness and the broader markets seemingly starting to pull back a bit as big tech takes a breather, the solar sector...