Fairly interesting to note that BTC / CAD has been trading within an ascending triangle. Given the slope at the base is at a fairly high angle, bulls seem to be succeeding over the bears.
This is typically a bullish sign and we do see a compression of volume as is associated with this consolidation pattern.
Needed for confirmation is an increase in volume over...
Stay above 21 daily MA at 11900 and 21 weekly MA at $10900. A break below 21 daily would be bad as it's showing signs of acting as support. A break below 21 weekly would show a likely change to bearish trend. I have written about the significance of 21 weekly MA before. The Price is pushing at top of bolligerband with 2 standard deviations on the daily chart. ...
Keep an eye on BTC in other currencies, by multiplying with exchange rate.
Instead of BTCUSD type this into the chooser box:
May this help you somehow.
Just look at the BTC's fluctuations since June 14th until today. 12k to 16k CAD up and downs, though the range has been good for day traders, but it is a bit boring for investors and long term traders.
Well, in my opinion, that's about ending soon!
This chart shows in the first week of September, BTC should choose whether to start a new bull run, or complete...
No fancy analysis here, just a general observation of the strong support zones cryptos have been unable to break down in recent months. Here the BTC/CAD chart from Kraken, showing many long candle wicks dipping down below 8000 and being quickly bought up. Other BTC charts have a similar look.
For longer term HODL positions, I'm accumulating now.
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done.
Many if you probably bought some BTC between 9500 and 9600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price.
If you have been patiently waiting for...