Clear what the past is telling us on this chart, looking at the golden cross patterns on the daily chart for Bitcoin/USD.
With only a couple of month to the halving Bitcoin clearly is looking bullish in the chart, let's find out how It will react in the upcoming months.
Charts are for personal reference, and not financial advice!
We now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins?
In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin.
First (1), we have Bitcoin vs the Dollar (BTCUSD).
Second (2), we have the Top10 Altcoins (ETH, XRP,...
BTCUSDT bounced off the 9705 support area on February 11 after making a retracement on the previous day. The pair was then stalling for the next 3 days and it could not manage to close above the high (10370) of the candlestick formed on October 26 last year. It seems a new minor resistance is formed at 10370 area. The pair then retraced back to the 9705 support...
TRON vs TetherUS (TRXUSDT) is what we are looking at now, this is the long-term chart (W).
First, we have this "w" pattern which is like a double bottom formation, this is a bullish pattern.
The RSI looks really good. When you see it forming this sort of cup and slowly curving up, this is bullish.
RSI:
The MACD histogram starts to go green while the MACD line...
Binance Coin vs Tether (BNBUSDT) is trading within an ascending channel while printing a beautiful uptrend... This altcoin pair can easily continue to grow, but why?
Right now we can see prices for BNBUSDT moving above MA200 (black line). This indicator is an important level for altcoins and moving above it sends out a strong bullish signal.
With this resistance...
BTCUSDT continued to have a strong bullish momentum and broke out the 9050 resistance level on January 28. The pair reached near the 9705 resistance territory on January 30, but was unable to penetrate the resistance level since then. BTCUSDT had a noticeable retracement yesterday (February 2), and the pair is now struggling to get back to the 9705 resistance...
As I was expected last week, BTCUSDT retraced to the 8275 support level. The pair was pretty much staying in that support area for a couple of days and then bounced off the support level yesterday (January 26). If yesterday's bullish candle still has that strong momentum, BTCUSDT may be heading back to the 9050 resistance zone.
As anticipated, BTCUSDT made a sizeable bullish move and broke through the 8275 resistance level on January 14. The 8275 resistance level then turned into the current support level. The pair was pretty much stalling for the next four days after that large bullish move. On January 19, BTCUSDT was trading above the 9050 resistance level during the day before it went...
Short and sweet.
Unless they pump more tether into the market between now and Feb 1st this is most likely what we'll see.
Look for support in the $7500-$8000 range.
Load up in the MOABZ. Then look and wait for Tether injections. If they don't inject and we break south of the 5-year log support the pattern is invalidated, I'll be forced to exit. If they do...
While looking at your weekly chart, we can find a pattern to work with. Our YELLOW zone is what i like to just call the "Bull Market Zone". While in the bull market zone we can easily see that RSI is constantly oversold and stay right above the fifty-eight (58) on the RSI. Next, we come to find our "Sell-Off Zone" which is the PURPLE area. This typically falls...
We know that Bitcoin (BTCUSD) and Ripple (XRPBTC) tend to move inverse to each other...
So we normally see Bitcoin moving up while Ripple is going down and vice-versa.
Now, here we have a strong volume jump coming in for Ripple (XRPBTC), to print a higher lower and also break above EMA10. Giving out a strong bullish signal.
We also have Bitcoin (BTCUSD)...
As I was expected last week, BTCUSDT reached the 7750 minor resistance level and closed above it on January 6. The bullish momentum continued on the next day and it reached the 8275 resistance territory. However, BTCUSDT was losing its steam and unable to close above the resistance level for the remaining days of the week. If BTCUSDT manages to close above the...
Left-scaled Tether mktcap for your pleasure.
It charts the MKTCAP from the ticker, in a easy way to visualize the manipulation from the Bitfinex whales hehe
Bitcoin price use to climb up when Tether MKTCAP goes up.
I hope you can add it to your analysis. I will attach it to the onchain metrics from BTC network, I think it will sum up information pretty quickly...
For the entire last week, BTCUSDT was struggling to close above the 7375 pivot point. The pair made a reversal on January 3 after days of downward movements since December 30. As I anticipated last week, BTCUSDT might be heading to the minor resistance level at 7750, and at this moment, it looks like it's going towards it.
