Bitcoin / U.S. Dollar

BITFINEX

BTCUSD

In the last BTC analysis, I showed how the first 2015 golden cross happened exactly at the high of the move, causing BTC to retrace all the way to the 61.8 retrace. As you can see, we rallied up to the weekly 50 MA (in black) and pierced above it. However, BTC has now pulled back below the weekly 50 MA. It will be interesting to see where this candle closes. I am...

The price reached SMA50 which acts as a resistance line. We can see the previous two weeks when the market moved in a narrow range not far from this line. Such price action at the possible resistance zone gives us information that the market took a rest for some time. We have a period of consolidation which can give us a reversal signal or a continuation signal....

Hello, dear traders! If this post reach 50 likes - show you my trade by BTC , orders, protections etc. BTC need to show you this downward correction. Waiting and prepare for this. I think it can reach 5750-6000 $ - the huge resistance level (by Bitfinex), then by RSI will be some strong bearish divergence I can suppose and market high-probably going down. Target...

Today, BTC price got a movement upwards and currently, it is slightly above the one of the round number $5,500. The price approaching the major upwards target area which is the blue box. Finally, we can make and count some of the reversal/target criteria which could be a starting point to make a little correction downwards. Target criteria because, if you are...

"Bitcoin is a short! It's going back to 3500!!! Go to Bitmex and leverage everything you own right now!". Sound familiar? If you have been on the internet since Bitcoin's first attempt to retrace off the 5400 high, it should sound very familiar. It is the general consensus among the herd. In fact I have seen this sentiment posted on my comment forums regularly....

BTCUSD is approaching our first resistance at 5855.2 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 4562.6 (50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so...

Hourly equilibrium highlighted in the video last night broke bull and forced some shorts to cover with bull buying to new levels. The support/resistance levels listed here are from the hourly time frame. Bulls just looking for a 4 hour higher low, and EMA 12 support. It is fine to not be comfortable bullish but do not fight the trend! People were looking for a...

My previous publications provide for 6 months a Bull Trap close to ~ $ 6k The situation of RSI 14 similar to that of the 2015 Bull Trap post-Downtrend seems to be an additional indicator that this risk is imminent Some reminders: I recall that the bullish influence at the output of the symmetrical triangle (see my previous publications) is technically...

Hi Guys! We are starting a new week with a nice bounce up on BTC. We are heading towards $6000. Unfortunately, altcoins are falling right now but this situation should change within days. Right now BTC is still strong. The price manages to stay on the previous supports which actually makes BTC STRONG. It is clear bulls are woken up and the have a massive...

Posting this chart here with price points for future reference for potential high found at these price points on the Weekly Candle Beginning April 29, 2019.

This is not a value area for long term investors. Buying opportunities will arrive for those that are patient, going short stop above 6400.

It's beginning to look like the Weekly Candle Beginning May 6, 2019 may be when we begin to see a reversal to downward pressure. The main reason for my conclusion on that thus far with this first publication is my estimate of when the Gray ENERGY in the Weekly may likely continue its decent and make contact with the 50% level on the Weekly Candle beginning May...

Bitcoin has been in another fight this week, attempting to set new relative highs. There has been a lot of selling pressure we have seen a few days, such as today with a few large sell orders on massive exchanges, and then similar experiences on the 10th/11th and 15th/16th. That being said, Bitcoin is proving strong as ever this past month and has been creating...

Good morning, traders. If you are with us in Discord, then you know that Bitcoin's move over night hit the third target that we had based on the Dragon harmonic pattern. It also hit last night's triangle target and a bit more, while sitting up the golden cross. As long as price remains elevated through the daily close, that cross should happen. This Show of...

KNow your risk!

So if past price patterns are any indication of future patterns, then BTC is going to sell off soon towards the $3000 level, within a variance of $300 give or take. Maybe we'll get a final pump before that to wash out the shorters. Perhaps that has already happened with last nights 1.5% gain, idk. I'm not going to go into conspiratorial detail about what's about...

Lets see if we get an actual full golden cross or if it's just going to be another floppy pump...

The volume profile compared to 2014/2015 is absolutely terrible. When the last bull market started it was on increasing green volume with a huge green spike to kick it off. This move has been the total opposite. Plus with such a huge gap to fill (from the 6k to 3k drop), it is only natural that the market corrected. I fully expect one more lower low, however...