I bring you this Bitcoin technical analysis after a couple of weeks when news made an impact in the market in general, but specially in Crypto. El Salvador adopting Bitcoin as legal tender, and later on the Evergrande situation. But after taking mid or long term decisions, we need to see the bigger picture.
First of all, the important levels to...
VeChain is still within its massive Symmetrical Triangle on this 1d timeframe.
Note that VET is still ABOVE its Longterm Upwards trend-line.
Note that VET is back ABOVE its Least Squares Moving Average (LSMA) on this 1d timeframe.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Lower Band is moving upwards indicating...
ADA is still in a Descending Triangle on the Daily Chart. Note that a descending triangle is a bearish pattern.
ADA needs to break back above the descending trend-line for renewed upwards momentum.
ADA is fighing to stay above its Bollinger Bands Middle Band Basis 20 Period SMA.
ADA is back above its Least Squares Moving Average (LSMA) for this 1d timeframe. A...
VeChain 4hr Chart Update
As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later.
VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and...
I am not able to conclude anything but
1. there are 3 huge gap/demand in traded BTC volume
- Gap 2,3 are to be filled but no one is going to get hurt
- if Gap 1 is going to be filled, there must be a big dump to reach the level.
2. Bulls that accumulates BTC after 2021.1.1 are at even at this point
3. Bulls that accumulate after 21.7.1 are in deficit
Let’s have a look at the weekly chart for the most criminally undervalued crypto EVER. A Blockchain that is actually being USED by some of the words top companies and has a client base that would make any corporate jealous & salivate with envy. It HAS and IS everything every other Blockchain wishes it was. Worthy of note it that the behemoth PwC is an actual...
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have had expansion of the Lower Bollinger Band.
ADA is below its Least Squares Moving Average (LSMA) fo this 1D timeframe. Note that ADA has also found some resistance at this level.
ADA is still ranging sideways within a support/resistance area.
Using the 20,60,120,30 settings...
BTC has finally made it above its major resistance area and turned that level into support.
BTC is back below its Pitchfork (A,B,C) Median Line.
BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that Volatility is actually still low on this 1D timeframe because we do not yet have expansion of the Upper and lower Bollinger...
Double bottom spotted when the price make a huge spike and continuous uptrend.
Expect price to go further high if it fulfill following requirement
- Price breakout 87.950 resistance
- Fixed poc as support
- Breakout high to the short up trend channel
- Major downtrend breakout ✓
BTC is still safely above its 50MA and its 200MA. Note that the 50MA is pointing upwards and the 200MA is pointing sideways. If the support levels hold strong and if and when BTC is able to push above the Upper Resistance Zone and the Pitchfork Median Line then........ we will witness a GOLDEN CROSS on this 1D timeframe.
BTC is back above its...
Very quick VET 6hr chart update
VET has broken UPWARDS from its Triangle Pattern. A successful 6hr candle close above the descending trend-line is crucial. A successful retest of the descending trend line as support will also be another great positive sign.
With the Long Horizontal Support Area, VET was also in a potential Descending Triangle, so it's a really...
Quick VTHO 1D chart update:
VTHO is still in the Equilibrium Zone of the Ichimoku Cloud for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short-term momentum is slightly upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways.
Very quick and dirty ADA 1hr chart update:
On the 1hr chart, ADA is in a potential Falling Wedge Pattern. A Falling Wedge Pattern in an uptrend is a potential Bullish Continuation Pattern. Obviously this is all dependant on what BTC does tonight. ADA has found some resistance at its Bollinger Bands Middle Band Basis 20 Period SMA on this 1hr timeframe. Note that...
ADA 1D chart update using the Ichimoku Cloud 20,60,120,30 settings:
The Ichimoku Cloud Lagging Span (Tenkan Sen) is indicating that the mid point of the short-term momentum is upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways.
The Ichmoku Cloud Lagging Span (Chikou Span) is indicating that...
Lets have a look at the BTC 1D chart using the Ichimoku Cloud with the 20,60,120,30 settings and a few other indicators and squiggly lines:
BTC is in the Bullish Zone of the Ichimoku Cloud for this 1D timeframe. BTC has closed 4 daily candles within the Bullish Zone for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the...
VTHO 1D chart update using the Ichimoku Cloud with the 20,60,120,30 settings:
Note that VTHO is in the Ichimoku Cloud Equilibrium Zone for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the...