The market keeps moving up, today the global cap is up to $325.25B. Dominance rose up following the price action to 63.70%. The price of Bitcoin is at 11,600. The price action has been volatile, but Bitcoin continues it's overall upward trend. The StochasticRSI was unable to cross above 20, but the RVI is indicating a reduction in volatility. However, the price...
The market is up to $315B. Dominance is back up to 63.08%. The price of Bitcoin is at 11,300. After the price broke through 11,000, it was able to reach up to 11,700, but has been ranging between the two price levels since then. On the daily chart, we can see the StochasticRSI has begun to react to the bullish price action, but it has not yet crossed over it's...
The market is testing a bottom and is up to $308.46B. Dominance has is up to 62.57%. The price of Bitcoin is at 10,800. Today, we will be using the 1 hour and 1-day charts. On the hourly chart, 7 hours ago, the price jumped up from 9,900 - 10,500. Over the following 6 hours, the price has continued to rise. Although the Kumo has not yet reacted on smaller...
The market has continued to descend over the weekend. Today, the market cap is down to $300B. Dominance has dropped down to 61.64%. The price of Bitcoin is re-testing support levels at 10,200. From a technical standpoint, the bottom has not yet been found, but the Stochastic RSI has dropped to 1.87, and the RVI has moved below the halfway point at 50. As the...
The market continues its ascent! Global cap is up to $330.63B. As money continues to shift from altcoins and into bitcoin, the market dominance has rose above 60% to 60.91%. The price of Bitcoin is at 11,300. The current chart pattern is forming another rising wedge. Due to the market structure and broader economic conditions, there is a higher probability that...
POA/BTC Strategy: Low volatility, oversold indicators, strong support zone. Buy Around - 377 - 385 T1 - 414 (8%) T2 - 447 (17%) T3 - 486 (27%) Stop-Loss - 358 (6%) Risk / Reward T1 - 1 / 1.3 T2 - 1 / 2.8 T3 - 1 / 4.5 P/L Opportunity Upside: 8 - 27% Downside: 6%
Over the weekend, the market continued it's growth. It is up to $285.32B. Dominance has followed Bitcoin and is up to 57.88%. The price of Bitcoin is testing is resistance point at 9300. The market has steadily risen over the weekend. Yesterday, there was clear profit taking at 9300 down to 8900 before buying pressure moved back in. The MACD and RVI tell us...
The market is slightly down to $250.93B. Dominance has dropped further to 55.99%. The price of Bitcoin is down to 7865. Over the past 7 trading days, the price has been confined to a price between 7400-8000. The overall market conditions while oversold, has not been able to bring in buyers above 8000. In addition, the market structure continues to shift as...
The market is up to $247.76B. Dominance has dropped further and is down to 56.05%. The price of Bitcoin is just above 7750. The current daily candle has formed a rare four-price doji, which signals indecision among market participants about which direction the price will move next. The stochasticRSI is oversold and forming a double bottom, and the RVI tells us...
The market sold off yesterday. It is down to $265.07B. Dominance has lowered to 56.45%. The price of Bitcoin is at ~8400. The price is testing the side of the channel, and the candlesticks are forming tweezer bottoms, which suggests the price could reverse, keeping the channel valid as we move forward. The candles with the lightning bolts indicate large moves...
The markets are volatile today, earlier the market was up to $283 billion, but dropped down to $270.34 in less than 2 hours time. Dominance is up to 56.62%. The price of Bitcoin is at 8600. The price of Bitcoin jumped to 9000 and quickly retraced to 8500 in a bout of profit taking from traders and bots. The price has 2 days before testing the ascending channel...
The market is up to $271.96%. Dominance has dropped down to 56.38%. The price of Bitcoin is at 8700. In a 2-hour period, the price of Bitcoin dropped from 8640 down to 8432. However, the price quickly recovered it's losses in less than 4 hours indicating there is buying demand ready to step in below the 8500 price point. The Tenkan (blue line) has begun...
The market ran up to $276B, and has since moved down to $269.51B. Dominance is down to 57.19%. The price of Bitcoin has managed to stay above it's support level of 8500. Key levels of support and resistance Support - 8500 Resistance - 8800 If support at 8500 breaks down, the critical level of support is at 8200, which is illustrated by the yellow circle. If...
The market has continued to increase in volume over the weekend and is up to $268.60B. Dominance is up to 57.59%. The price of Bitcoin broke resistance at 8500 and 8800. The price is currently at 8750. The price has continued to confirm the ascending channel, and broke to the upside after testing the bottom trendline. The stochastic RSI and RVI both indicate...
The market is up to $248.45B. Dominance has followed and is up to 57.35%. The price of Bitcoin is at 8000. Yesterday, the price made contact with the channel and the price has followed that path up from 7400 to 8100. Price is forming a bullish divergence on the StochasticRSI. In addition, the relative volatility index has inverted, which suggested momentum is...
The market has been ranging and is slightly up to $245.64B. Dominance has moved back up to 57.11%. The price of Bitcoin has remained locked between 7700-8000. Volatility has lowered and the trend is still strong indicating this consolidation could break out in the next 3-5 days once the ascending channel trendline is tested. The kijun has begun drifting...
The market has drifted up to $245.34B. Dominance has shifted down further to 56.92%, and the price of Bitcoin has managed to find support between 7700 - 8000. Price action has almost invalidated the rising wedge pattern, which suggests the ascending channel will be the more valid pattern to play out. The RVI indicates consolidation of volatility meaning there...