The market is down to $239.47B. Dominance is up to 57.34%. The price of Bitcoin is at 7800. The rising wedge pattern is still in tact, if valid, the price should be able to break through it's 8300 resistance and sharply increase to test resistance at 8800. However, if the wedge is proves to be invalid, the price next level of support to watch is 7300, and the...
The market had a sharp downturn yesterday, and the market cap is down to $224.62B. Dominance has remained low despite the sell off and is down further to 56.63%. The price of Bitcoin is above 7100. Yesterday, there was a market order put in at 6200 for 5000 Bitcoins, which means one of three things. A) Someone accidentally sold a large quantity with a market...
TRX/BTC Strategy: Stochastic crossover, and RVI moving above 20 indicating possible reversal of momentum. Buy Around - 335 - 345 T1 - 367 (8%) T2 - 399 (18%) T3 - 453 (33%) Stop-Loss - 314 (7%) Risk / Reward T1 - 1 / 1.1 T2 - 1 / 2.5 T3 - 1 / 4.7 P/L Opportunity Upside: 8 - 33% Downside: 7%
Over the weekend, the market continued to chug along. Today the market cap is up to $228B. Dominance has continued to rise up to 60.50% causing alts to continue their trend downwards. The price of Bitcoin has been ranging between 7700-7900 this morning. The ADX is used to measure trend strength. Currently, the trend is right above 50, which indicates a very...
WABI/BTC Strategy: Cup & Handle forming on the weekly chart. Volatility reaching historical support which is in line with a C&H pattern and further indicates continuation. ADX showing a strong uptrend with squeezing DI's. Stop loss set to next line of support. This trade could take up to 1 month. Buy Around - 4534 - 4821 T1 - 5787 (24%) T2 - 6884 (47%) T3 -...
The market exploded last night up to $192.01B. Dominance quickly followed and is up to 58.97%. The price of Bitcoin is at ~6400. The price broke to the topside of the rising wedge confirming a continuation pattern. The next key levels of support are 6300, 6100, and of course 6000. The RVI indicates high levels of volatility, but it also tells us that price...
The market is doing fantastic today, it is up to $188B, which is 10B in less than 24 hours. Dominance has chased the increased volume and is up to 55.72%. The price of Bitcoin is above 5750. The three white soldiers pattern continued with strong volume carrying price momentum, the price broke through the top of the channel as well as 0.786 resistance....
More cash creeped into the market overnight and it is up to $178.64B. Dominance has followed suit and is up to 55.24%. The price of Bitcoin is at 5350. The Tenkan San (blue line) has cemented itself as further support. Price began testing resistance again at 5400. Although the price did not break topside resistance, the current candle pattern is forming a three...
INTC Strategy: Oversold after earnings. Kumo indicates continuing uptrend with strong support. RVI indicating increasing momentum. Buy Around - 50.61 - 51.30 T1 - 52.58 (3%) T2 - 54.32 (6.5%) T3 - 55.87 (9.5%) Stop-Loss - 49.32 (3.3%) Risk / Reward T1 - 1 / 1 T2 - 1 / 2 T3 - 1 / 3 P/L Opportunity Upside: 3 - 9.5% Downside 3.3%
Over the weekend, the market cap shrank and is down to $169.02%. Dominance rose over the weekend and is up to 55.41%. The price of Bitcoin is at the 5100 price point. The charts show there was very relatively very little price action over the weekend. The RVI shows volatility has begun to drop in relation to price, but it still rests at a point of high...
The market quickly descended and is down $170B. Dominance has remained nearly the same at 55.08%. The price of Bitcoin is just above 5100. The price drop coincides with the bottomed-out portion of the Kumo, which still suggests a future uptrend with strong support. The bull flag could be forming an ascending channel. The price needs to hold above the 5000 or...
WPR/BTC Strategy: Oversold alts. Lowering volatility. Risky trade due to market conditions. Manage closely. Buy Around - 305 - 315 T1 -328 (6%) T2 - 343 (11%) T3 - 358 (15.5%) Stop-Loss - 292 (6%) Risk / Reward T1 - 1 / 1 T2 - 1 / 1.8 T3 - 1 / 2.5 P/L Opportunity Upside: 6% - 15.5% Downside 6%
THETA/BTC Strategy: Falling Wedge. Oversold StochasticRSI and MACD. RVI looking to break resistance. Buy Around - 2581 - 2664 T1 -2984 (13%) T2 - 3288 (25%) T3 - 3601 (36%) Stop-Loss - 2477 (6%) Risk / Reward T1 - 1 / 2 T2 - 1 / 4 T3 - 1 / 6 P/L Opportunity Upside: 13% - 36% Downside 6%
After some turbulence the past few days, the price of Bitcoin has calmly settled on top the .5 fibonacci level. Psychological support levels have been illustrated by the light blue lines under the price. If the Fibonacci level breaks down, these will act as our next lines of support. The RVI displays a well-defined range of movement for the current volatility...
Recently the tech sector has taken a hit in U.S equities. That, in combination with the lackluster earnings reports by Nvidia during which time, their CEO said the company was "crypto hungover" and had suffered a bloated inventory that could take up to two quarters to re-balance. These negative impacts are reflected on the current technical charts. A pair of...
Bitcoin price has been narrowing tighter and tighter over the past few weeks. Articles have reflected more bullish views about psychological bottoms, less market volatility, ETFs, and the upcoming Bakkt exchange. Price has tested its current trendline 5 times and has been able to hold steady. Stochastic forming possible double top formation RVI indicates...
Right now the price is testing a potential trendline for the 2nd time. Lower timeframes are oversold indicating a potential double top on the StochasticRSI. However, if selling pressure continues, we could break the trendline and sink to a support level of roughly 2693 over the week. At that point, there is strong psychological resistance as well as support...
$LTC - Weekly Price Forecast Daily candle testing previous support trendline. Volatility and momentum slowing. Kijun Sen acting as support. Tenkan Sen relatively flat presenting little to no resistance. Stochastic RSI within an oversold region, but could see a bounce off previous support to form a double top. If the trendline is unable to hold and volume...