There is a very interesting trading opportunity in Bitcoin right now. This was not something I would have necessarily said yesterday, until I saw the last 2 12 hour candles, clearly showing indecision at the resistance zone, whilst finding a brand new support on the 20 moving average which confirms that the short term up trend is UP, whether you like or not, it's...
You may recognize this Ethereum analysis from my previous one. You may also recognize this analysis from my Bitcoin analysis that I have just posted a few hours ago (See related ideas for more information regarding this). The reason for this is simple, because they are following the same movement. You probably all saw lately that Bitcoin and Ethereum have not been...
Currently trading right at the juncture level, and now we must best figure what best to do to tackle a buy opportunity. as it stands price is trading right at the bottom of the predicted resistance zone at around 6570. when price hit the level price did have a gentle fall to the downside and thus confirms the level does indeed exist. I still consider price to be...
Bitcoin currently is approaching a strong horizontal resistance zone which was the previous resistance for the bottom of the previous impulse down leg. For this reason it's a level we certainly have to watch. The resistance zone between 6770 and 6570 is extremely strong at this point due to the structure resistance, and the converging moving averages are also...
Said I would be gone for a couple of weeks, but decided against it as I am already way ahead of my other commitments and some wonderful comments from the TradingView community! :-). Good to be back and I've missed posting even though it's only been a few days! Bitcoin pretty much perfectly following my previous analysis (So far) so I want to make a new one to...
I made an analysis earlier outlining the potential levels Bitcoin could drop to amidst the large fall seen yesterday,. and would like to continue on with the same line of thinking by using a smaller time frame to explain more clearly the levels that price will fall to, and most importantly why. Having a larger time frame with the bigger picture is good for...
Ethereum continues it's weakness since my last analysis meaning so far it's going exactly as predicted! :-). there has been an intraday bearish engulfing signal which wiped out the possibility of yesterdays doji signal producing any type of upward reversal which is a good thing, since if it managed to pull up, it was NOT a safe buy and we would be sat there...
If someone said to me that Ethereum would be at 226.80 in September last year, I likely never would have believed them. But this is what is happening across the CryptoCurrency markets right now. When Bitcoin rallied in December, all the other coins were dragged along with it to the upside, even the most useless altcoins were brang to the upside, creating a swirled...
Price broke the side-wards support zone, as well as the horizontal support zone today in some dramatic downside due to a murky sense of fundamentals. Price really took a beating, and broke below the level which I said would invalidate any upside, as quoted ""2 outcomes, some up move now, which will get faded into a correction, or a down move from here, down to the...
Bitcoin having some great movements lately that I've tracked perfectly so far!. Now, in my last analysis I predicted a correction which was to a support zone between 7120 and 7000. This is still my opinion however I have al;so discovered another small zone which could be intact, and that is between 7320 and 7140. This zone is a great level which was previously the...
Back with another Bitcoin analysis! Someone kindly asked me to change the way I deliver my analysis, so I decided to deliver it in exactly the same I always do every single time because this page is mine, and is only for people who appreciate free content. :-) Bitcoin appears to have extended itself towards the target zone of my previous analysis that went...
Anyone who's been following me religiously for a long would have caught the very bottom of the BTC downtrend, all the latest updates, and also caught almost every single up swing in Bitcoin, making significant profits in the process. To those who are following me, I hope you're enjoying your profits, well done to each and every one of you for your consistent...
Litecoin is one of those projects that from a valuation perspective did not deserve to fall with the downtrend at all, but, well, did. Technicals are stronger than people think. Always have been, always will be. Happened so many times, where there's a recession and the markets generally receive fundamental news showing massive signs of high probability recovery...
This is a follow up analysis of my previous analysis on Bitcoin (See related ideas for more information regarding this). Bitcoin is currently following the path of my previous analysis perfectly, by breaking the resistance zone and trading nicely to the upside after-ward. When making this analysis, I did mention price could correct to the downside slightly before...
A follow up on my original analysis that went EXACTLY to plan!! (So far...) ha. Looks like a nice trading opportunity as price nicely broke the side-wards resistance. Does this mean it could now potentially turn into a new support? We will soon find out. Bitcoin has been pretty unpredictable as of late so it's wiser to wait a bit longer and wait for very firm set...
As price is beginning to manoeuvre in a way that can be perceived as stable (for now) it is time for us to zoom into the chart using the 8 hour chart and best gauge bitcoin's intentions. As it stands price is hovering around a support zone as outlined on the chart. the line isn't as wide as my previous analysis as I have zoomed in, obviously we cant trade in a...
During the down move there has been many levels where we have watched for corrections, up moves, down moves, and so on. But, there is probably none AS important as the current support zone outlined in my chart. As you all saw in my last analysis, I have outlined the same support, and a lower side-wards support line where price will likely bounce for the up move...
Following on from the last analysis - Bitcoin continues to stay at the horizontal support zone as per our last analysis. Now, price is deep within the support zone and a decision must be made whether to buy within the lows of the support zone, or hold out, and find a lower buy and not miss the boat by waiting for the side-wards support line before the upside. If...