Bitcoin Failed at its attempted adam and eve meme reversal yesterday - was pretty clear in the OBV breakdown and now we have the POC lost and acting as resistance.
I am short from yesterday, looking for sub $7k prices before closing.
Logic is that although middle of the range there is quite a clear AB=CD objective to around $6800 which is also the 78.6% fib...
Bitcoin Chart is forming a bullish pennant, following all the rules of correctional patterns. Currently, we can see how the price is re-testing the support level, which is the last part of the bullish pennant formation process.
I've marked all important things on the chart: zones where the price positively reacts on harp resistance Fibo levels. Moreover, you can...
The three charts in front of you are all monthly BTC charts. That means that each candle on these charts contains an entire month of trading. As you can see, we are looking at three different time periods in BTC's history. The chart on the left is focused on August of 2014. The chart in the middle is focused on June of 2018, and the chart on the right is focused...
I have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study:
I am not going to go into much detail on this analysis....
We're taking another look at the monthly BTC chart here, and it is telling a grim story, that nobody is really paying attention to. On Twitter, I just saw someone respond to a comment of mine, saying that BTC has been in a "lifelong uptrend," and that I always say "the trend is your friend." That's true, the trend IS your friend, until it's not. That's why I...
People have recently been accusing me of flipping from bullish to bearish too frequently. There's a reason for that. If you look at this daily chart of BTC, you can see that it has several mixed signals but the overall trend is bearish. Allow me to explain.
First, let's look at the formations. You can see that we have two conflicting formations in one. We have a...
Ethereum (ETHUSD) printed the Adam & Eve bottom pattern and has been consolidating ever since... Now, the early signals are telling us that a new move is taking form...
Feel free to hit LIKE to show your support... Let's get started!
We look at the MACD and RSI and we can find bullish divergence on both indicators compared to ETHUSD. The MACD bullish divergence...
Good evening too all my Bitcoin family and fellow traders. Tonight I am taking a look at the daily time frame for the first time in a good while. I just have not been looking at it mainly due to the fact all the indicators I typically use to find support and resistance etc were not particularly helpful on the 1 day chart. They still are for the most part a good...
BTC / USD TA
Very simple zoomed out TA here - we are just looking at MA's which do signal for more downtrend to come for Bitcoin unless we see breakout above $8,000 with strong follow through. Even if those levels are reached, we are not in the clear until we see it being maintained for a least few days.
At this time no safe trades are available.
Note : XRPUSD failed to breakout 0.23400 resistance (link below), now prices has the potential to form triple bottom pattern, wait for breakout !!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my...
Do you want to know what's new in BTCUSD market?
Let's look at the 1H timeframe because it will allow us to understand better the further market movement within the next few days.
The price broke the local downtrend line. It confirmed a trend reversal if we use TA simple tools. The market gave us a good bullish signal.
We got a price reversal from 7100.00...
Quick heads up: BTC can only afford to go a little lower and it has to close this week above the 50MA (which is the yellow line.) If we do not close above the 50MA that move opens up the possibility of going to the $4800.00 area. BTC has the benefit of the doubt, it could still be in the middle of forming a bottom. What we have seen these last few days is typical...
MATIC left a whole lot of people wondering why it was massively sold two days ago. Well the answer is simple, it was rejected on the 1W Resistance. It was a move perfectly calculated on the trade idea seen below:
The rise prior to the rejection was easily seen on an...
H4 We have one wave down and price action suggesting were in a B wave correction. You can look to buy the internal C wave up but I don't see a buy setup as of yet.
D1 Checkout the idea to get up to speed on the possible scenario's.
W1 The MACD has turned down below the 0 line so I'm still...
Still fighting for the daily higher low to try and remain in the equilibrium which would be considered a double bottom at this point if the bulls could pull it off. We have bots battling it out with big wicks in both directions when you zoom in to the hourly chart. If I were more confident in the volume and amount of retail money trading the space I would be...
Hi, today we are going to talk about Ravencoin and its current landscape.
It's of common knowledge among those who observe the cryptocurrency market for a while that this market can be unpredictable and extremely volatile. Even senior traders have stories to tell about gains and losses, due to incredible surges or horrific slumps of the price, learning a...
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