Provided that BTC finds support, closing above the channel for the next candle or two.
See also my earlier longer timeframe analysis (25Sep19):
My earlier 22Sep19 post, successfully predicting the massive BTC dump 2 days...
Over the past week, the market cap dropped to a low of $212B, and over the past 24 hours has risen up to $222B.
Dominance has continued to shrink and is at 66.65% down from 68%.
The price of Bitcoin hit a low of 7,701 before rebounding to a high of 8,310. Currently, the price is at 8,250
**4-Hour Chart For Discord**
On the 4-hour chart, we can see the price...
The market cap has been choppy and is at $222B. Dominance has dropped a point and is down to 67.83%. The price of Bitcoin has been struggling between 8,200 - 8,300.
Support zone 2 has held up well and buying pressure has been demonstrated in that area of support.
The stochastic RSI signal line has risen over the mark of 20 in a bullish crossover.
The RVI has...
The global market cap is down to $254B. Dominance 68.36%. The price of Bitcoin is at 9,600.
Price action finally made a decision and broke to the downside of short-term support without re-testing resistance at 11,000.
The stochastic RSI is oversold and has fallen below 20. There is a slight curl on the stochastic RSIs signal line, which could turn into a...
The market cap is down to $269B. Dominance has risen up to 67.75%. The price of Bitcoin is at 10,100.
Price action failed to break above the resistance trendline and will be re-testing the short-term support zone.
Smaller timeframes are overbought, which points to some more potential downside over the weekend.
During that time, we should watch for support to...
The market cap is up to $272B. Dominance has continued to drop and is down to 67.54%. The price of Bitcoin is at 10,200.
Price action finally had a break in price action and broke below short-term support before buying pressure quickly stepped in.
The dip in price action which caused the price to drop from 10,100 down to 9,500, took place in less than 5...
The global market cap is up to $270B. Dominance has dropped down to 68.11%. The price of Bitcoin is struggling at 10,200.
Bitcoin has undergone continuous selling pressure over the last 5 days, but the price has managed to stay above the short-term support zone.
The selling pressure has kept Bitcoin from participating in the small rally that other top coins...
The market cap is up to $265B. Dominance is up to 70.29%. The price of Bitcoin is at 10,400.
Price action was able to find support and bounce off the short-term zone. The next point of resistance price action needs to break through is 10,500.
Smaller timeframes are overbought, but continued bullish volume flow would create a divergence causing continued...
The market cap is down to $259B. Dominance is up to 69.96%. The price of Bitcoin is 10,100.
So far, there has been continual buying pressure in the short-term support zone. However, the daily candles tell us that there is indecision in the market and participants continued to sell above 10,300.
Technical indicators are in conflict, the Stochastic RSI indicates...
The market cap is up to $248B. Dominance is up to 69.12%. The price of Bitcoin is at 9,500.
Price action has closed above support zone 1 for the past 2 days, which tells us there is buying pressure here.
Technical indicators are oversold the stochastic RSI could crossover during the weekend.
Bearish: If price actions falls below support at 9,300, we could...
The global market cap has continued to drop and is down to $246B. Dominance is down to 68.96%. The price of Bitcoin is at 9,450.
Price action is headed towards it's first zone of support ranging between 8,800 - 9,300. Ideally, we will see the price bounce from this support zone to it's resistance.
The stochastic RSI has hit bottom, and a large bounce would...
The market cap is down to $264B. Dominance is down to 69%. The price of Bitcoin is at 10,100.
Yesterday, the price was unable to hold support at 10,700 and pulled back to 9,850 and has since moved back above 10,000.
Smaller timeframes show low levels of volume, if the price cannot close above 10,500, we could have another leg down to 9,700.
The global market cap is down to $269B. Dominance is up to 69.14%. The price of Bitcoin is at 10,400.
Despite the decline in market volume, we can see the daily candle is making a higher high and higher low (bullish)
The StochasticRSI is curling up, but has not passed any confirmation level, and both daily wicks tell us there is strong buying pressure below...
The market cap is up to $285. Dominance is roughly unchanged at 68.47%. The price of Bitcoin is at 10,200.
Price action continued to drop overnight, but was able to bounce off of support at 9,480.
Smaller timeframes are showing signs of bearish divergences between price action on volume
If this upward momentum is to continue, we will need to see the volume...
The market have continued to bleed and the global cap is down to $264B. Dominance is up to 68.48%. The price of Bitcoin is at 10,100.
Price action broke to the downside under selling pressure, but has so far bounced off of the long-term support trendline at 9,855.
A clear inverse head & shoulders pattern has formed based on the qualifying criteria:
The market cap has continued it's pullback and is down to $287B. Dominance has also dropped further and is down to 68.16%. The price of Bitcoin is at 10,900.
Price action broke to the downside of the bullflag forming new trendlines and bouncing from a re-test of support at 10.700.
Lower timeframes between the 1 and 4 hour have oversold indicators, but there is...
The market pulled back over the weekend and the global cap is down to $296B. Dominance has dropped and is down to 68.68%. The price of Bitcoin is at 11,400.
Price action was unable to break to the topside and pulled back under the selling pressure. In 1 hour, the price fell ~700 or 6%.
Overall, the price action is forming a bullflag, but the overbought...
The global market cap is slightly up at $303B. Dominance has inched up to 69.87%. The price of Bitcoin is just under 11,900.
Over the past 4 days, we can see a clear range forming within the price action.
11,300 has held up as strong support, and daily candles are making higher lows.
There are bullish Stochastic RSI divergences the 4-hour time frame (white...