It's always good to see the positive moods on the market. After a row of boring days, green volumes have finally entered the market. The market has absorbed the downward correction and now should take hold above the level. As we all know, the second impulse is always higher than the first, so here we should expect the price to hit the $7700 - $7800 zone ....
And here is the comparison of #BITCOIN and #GOLD. On the $XAU chart, we can see a classical pattern of an upward trend correction with the parabolic consolidation and the exit upwards. What about $BTC, currently it is forming the consolidation bottom of the parabola. Thus, somewhere in the zone of $5500+, we should see the price return, but this won't be the...
Well, as we expected yesterday, the price dumped to the $6600 support zone. Currently, on RSI chart we can see something which pretends to look like a convergence , but the second low point is located slightly below the first one. Despite it is a very weak bullish sign , but still. Moreover, we can see a positive reaction to the support level, volumes are...
Ethereum still consolidates below the $144,5 resistance. Bulls are strong when we speak about $140 - $142 support, so currently the price is stuck between two important levels. Now we need to closely watch how the price will act near the resistance. Fixation above the $144 level means a strong bullish sign for the coin, while the 3rd unsuccess would mean a...
We can see a clear and positive reaction on the Bullish Convergence + breakout of the resistance and fixation above the 950 sats level, which now acts as a support. All these factors tell us about the desire of the asset to continue moving upwards. Mentioned the entry zone with orange rectangle, targets are on the chart.
To be honest it is so funny to update $200 movements and act like it is something significant. We all understand that the market is very weak now, so this update is for those people who like catching small movements with high leverage. During recent couple of days, the price reached the $7000 support , formed a double bottom there and jumped upwards. Potential...
The price came back to the support levels from which $ONE started his upward rally, where we bought last time. The setup looks actual again, as the price positively reacts on these levels. Use 67 and 74 sats as entry points, target is on the chart.
The most likely scenario is simple: dump and dump more. I guess we'll see a bearish retest of the $144.5 resistance and fall right to the ascending support $134 - $136 . However , there's a chance to break the resistance and form an uptrend. Thus , we have two outcomes which are based on reaction to $144.5 level.
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,...
On the 1D chart we can clearly see how the price is consolidating inside the ascending channel. This channel is forming in the downside of the down-trend, which tells us that this is the bearish flag. Therefore, here we have to look for an entry point in SHORT position. Currently the price is located very close to the upper border of the channel, we can clearly...
The price is moving inside the descending channel. Currently the asset is re-testing the 3rd time. Taking into account the overall bearish mood of the market, I expect to see another leg down before the price will reversal upwards. Therefore, we have two good entry points: close to the major support at 2775 sats and after breakout of the descending channel....
In this publication I want to talk about the future, not about the past. There are many traders who didn't hold the asset or just sold their positions right before or during the dump. There are also people who were interested in buying the asset, they form a support now. If we stay above the support - we grow, if we stay below the resistance - we fall. Currently,...
The price broke the resistance and consolidated above. Right now we are just around retest of a downward movement and BTC should retrace a little to continue its growth. If it happens , Bitcoin price will definitely go up. It just needs to hold above $7470 and $7500 levels, and the targets will be $7780 and then $7900 levels.
We have a bullish situation on #ETH. It would be good to start growing from $144.5 points and break the resistance $148, which was stopping the price from growing for some time. Next targets would be $153,3 and $155,35 - key resistances.
According to the price behaviour near the $7400 level (it moves below the one and can't break it) , we can conclude that soon there will be a small decline to the $7200 zone, from where it can jump upwards. Let me remind you that we are in globally bullish trend, so we can consider this jump from $7200 to $7780 as the end of correction. Why $7780? Because the...
The coin is confidently moving outside of the consolidation zone and going to start a new up-trend . Global target is the new ATH , local - mentioned on the chart. Currently we have a great opportunity to enter during the re-test of the support.
Wel l, yesterday was a very interesting day - Pump&Dump . Firstly the price closed the GAP on CME Bitcoin Futures Chart , then the price dumped and started consolidating - MM or just big whale left his LONG in the zone of $7650 . Don't want to bother you with further information, in a word - we need to watch the 4H candle and where will it close,...
Despite the furious sell volume , the price managed to hold above 155 sats and even bounced up to retest the resistance. If the price keeps touching 163 sats level, we might see another uptrend at least to form a double top. The main support right now is 155 sats . If the price breaks down this support and also ascending one mentioned on the chart, FTM will...