Taking a look at the hourly chart tonight. We have been moving right along stuck between 2 MA's . The 50 MA (orange line) and the 200 MA (blue line) are acting as support and resistance for the candles at this point. Eventually the 50 MA will start to migrate closer to the 200 MA and one or the other will give and the candles will break through one of the MA's. ...
Bitcoin took a pretty big fall over the last few candles on the hourly charts. It sunk to about 9900 just a few minutes ago but has since bounced back to inside the cloud where it seems to be finding some support at the bottom of the cloud. How long that will last is anyones guess. I expected a move downwards as it would allow us to stay inside this big...
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The 12H is not my favorite timeframe, but the action is happening there at this point. The first step to doing successful TA is to get your trendlines, support and resistance lines right and if you do it will give you the confidence needed to make the important decisions. Also, trendlines serve as a leading and lagging measure. When a...
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The information given is never financial advice. Always do your own research.
Hi Traders, we all know that the triangle formation is coming to an end. There is the classical chart interpretation, that a bullish continuation is likely, I have found two hidden divergences which are continuation patterns, supporting the idea of BTC move to the upwards. In addition, the last green candle showed strong buy support below 10k USD. However, it is...
Today we'd like to look at an interesting methodology to analyze the BTC/USD rate movement.
The market is always based on the tension between the bulls and the bears, and this seesaw manifests in the number of contracts to buy (long) or to sell (short). By watching these indicators, one can see their strong correlation as well as the manipulation of the market by...
we have a triangle and in Elliott we have 5 complete waves.there is a psychological reason behind these waves;people want to buy although it's in the top but they see a resistance on the top and some want to buy in butt but they see a support and the result is a overlap.some waves might be simple but some like C might be divided to 5 microwave (as we see) & we...
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