ArnJuDQ

ArnJuDQ

BTC Update Bitcoin briefly broke the 8800 level in the previous session before retracing to the 8580 level. From a technical point of view, the daily situation remains positive for the moment but on a 4 hour horizon, the indicators have already given a sales signal. On a 1 hour horizon, the technical indicators show signs of bullish curves, so a retest of the...

ArnJuDQ

BTC Update During the last update last night, I was telling you about the bullish divergence on the horizon of 1h and the danger of shorting the 8200 zone due to the 4h situation. Bitcoin has indeed ignored this zone and climbed to a high point around 8600. The technical indicators on a daily horizon are still positive and show no more signs of bending while...

ArnJuDQ

BTC Update After trying to break the 8200 level for the past few seasons, the BTC has been falling since the beginning of this session and is currently trading around 8100. The daily technical situation seems ready to cross lower while the indicators in horizon 4h are already negative. What to do? On a shorter horizon, the technical situation is showing signs...

ArnJuDQ

BTC Update Despite a momentum that seemed to have run out of steam, Bitcoin continues its parabolic ascent that started at the 6800 level. The BTC is now below a resistance zone between 8300 and 8500 in a daily technical context which, although positive, is starting to show signs of weakness. Technical indicators over a 4 hour horizon are increasingly...

ArnJuDQ

BTC Update We finally got our higher high, guys! Bitcoin has fenced above its resistance zone with a very nice bullish candle, almost a marabozu. I was telling you about it during the whole previous session, the technical situation was showing serious signs of weakness in 4 hours and shorter, but the BTC ignored all that. If we look at the technical indicators...

ArnJuDQ

BTC Update I was talking to you on Saturday about a possible wedge figure of downward enlargement and a potential partial rotation after a slight correction. Bitcoin will finally have been able to hold its support zone between 7221 and 7275 and is currently trading around 7500 after breaking the wedge structure. The technical situation remains rather positive...

ArnJuDQ

BTC Update A Bitcoin full of surprises? Not so much, guys! In fact, I've been talking to you for several weeks now about the famous resistance zone between 7221 and 7275 and the BTC's inability to maintain itself above it. A return to the 6800 zone was therefore very likely and that's exactly what we saw at the end of the previous session. Bitcoin therefore...

ArnJuDQ

BTC Update Bitcoin has dropped since the last update and is currently trading at the 7300 level just above the 7225-7275 range. We see that BTC, after briefly passing above the 7400 level in the previous session, has failed to maintain enough upward momentum to mark a higher high, which is rather unfavorable to a continuation of the upward movement. From a...

ArnJuDQ

BTC Update Bitcoin is still under this famous zone between 7221 and 7273. This zone, as well as the 7600 level, has been a problem since the beginning of December. BTC briefly went briefly above this level and peaked at 7445 before falling back below 7200 and is currently trading at 7174. Indicators? The daily and 4h technical situation is negative with a...

ArnJuDQ

BTC Update I told you about it in a previous update, after an increase of this magnitude, there was a strong chance of a lateral phase or even a correction. This is exactly what we are seeing now, the BTC has been trading just above its weekly open since yesterday. Indicators? The daily technical situation remains positive but on a 4 hour horizon, the...

ArnJuDQ

BTC Quick Update After its low of around $6,400 yesterday, Bitcoin climbed over $1000 to register a high of around $7,500, surpassing the previous high. The 4-hour technical situation, after a rise of this magnitude, is showing slight signs of running out of steam, while the 1-hour technical indicators, while still bullish, are approaching their overbought...

ArnJuDQ

The price really went back to the last bottom that the BTC met on November 25. The first few hours after reaching this level, the reaction was positive, but currently, the bullish force is already decreasing and if this level does not hold, then reviewing the $6,200 zone becomes really possible. The WaveTrend clearly shows us a willingness to see the price rise,...

ArnJuDQ Updated 

BTC Quick Update What's been going on since this morning? Bitcoin has been increasing since the last update and is currently testing its weekly opening level. The technical indicators in 4h and 1h are rather favourable to an increase with a purchase signal given on the WaveTrends in both time horizons. As you know, the convergence on several timeframes...

ArnJuDQ Updated 

Yesterday I was telling you about this famous resistance zone 7220 - 7275 and the importance of its possible breakage. What's been going on since then? Not much, my dear friends, the Bitcoin made a breakthrough inside this area, until 7250 and finally fenced under it. We are therefore closer for the moment to the "return to 6800" scenario than an upward...

ArnJuDQ

EOS/BTC Bottoming? Difficult to answer accurately, but we can nevertheless see that EOS is currently operating in an upward triangle configuration, which is generally a bullish figure. Technical indicators on a 4-hour horizon are beginning to show signs of reversal and they are positive on a 1-hour horizon. What are the possibilities? if the oblique support...

ArnJuDQ

Okay, what can we say about BTC today guys? Well, the one who didn't notice that absurd first 4h candle of the session was sleeping in a cave, but otherwise? We are once again in the presence of a swing failure pattern, folks, it is usually a reversal indication but with the BTC it is better not to take this for cash. The trouble area at the moment is still...