BitMidas

BitMidas

Bottom Seeking Short-term bull run Monitor the CPI figure Set protections

BitMidas

The breakout needs to be tested. $20102.02 is the support under test today. The center remains the axis of oscillation. Only by taking hold of the center for 24 hours could the price reach a height of $23780.49. When intraday support is not broken, it’ll hold up on the center several times. Otherwise, it’ll break down to $19600.41. The market expected...

BitMidas

After the first breakout on the center, a consolidation range is formed between $20782.41-$20831.62. Taking hold of the center for 24 hours will the range widens to $23780.49. Breakout the long-term support channel requires a test. Standing the test on the intraday support will it keep challenging resistances; the short-term movement is bullish, while the...

BitMidas

BTC broke up the battleground, gathering strength to a breakout. Capital inflow has pushed up target points, lifting the consolidation range. The center of the consolidation range is between $20782.41-$20831.62, which temporarily serves as resistance. Once it’s broken, BTC will officially enter the consolidation of a breakout. The sentiment of short-term...

BitMidas

Yesterday BTC held intraday support, which creates conditions to challenge the battleground. It’ll keep chopping. Breaking down the support would bulls need to recover its strength. -------------------------------------------- The formulated data is within a sideway consolidation, waiting for a breakout. The consolidating range now is between...

BitMidas

End of short-term pullback. Intraday movement is ready to challenge higher targets. The formulated data is into a consolidation, waiting for a breakout. The consolidating range now is between $20755.26-$19248.58. Before breaking up $19985.96, BTC is under pressure. Taking hold of it for 24 hours will short-term bulls lead a rally. The market expected...

BitMidas

All the resistances are diverted downward. BTC keeps chopping. BTC runs in a narrow range, formulating a consolidation before a breakout. Breaking up the first intraday resistance for 4-8 hours will the chop come to an end; breaking up the 2nd intraday resistance for 4-8 hours will it gather more strength. Breaking down the intraday support will the price fall...

BitMidas

BTC still chopping around, with data and trend going downward; now intraday resistance force > intraday support strength. BTC keeps running in a narrow range, formulating a consolidation before a breakout. If intraday support is broken, it’ll come down to $18032.51. Before taking hold of the battleground at $19920.03, BTC is under pressure. Once it’s been...

BitMidas

BTC failed to challenge the battleground, weakening in strength. Need consolidation. BTC keeps chopping in a narrow range, formulating a consolidation before a breakout. The running range today is between $19699.82-$18720.95. Breaking up $19920.03 for 24 hours will the short-term bulls lead a rebound and then experience a period of consolidation before a...

BitMidas

BTC is still challenging $19920.03, with upward forces. Taking hold of it for 24 hours will see a higher price level in the short term. BTC has been running in a narrow range for a month. Now data is formulating a consolidation before a breakout. A 3-day frame is between $21089.61-$19197.74. Before taking hold of $19920.03, BTC is under pressure. Once it’s...

BitMidas

BTC surged to hold higher prices but failed since last Friday. Now it’s still in the process. BTC chops for a month in a narrow range, cultivating a breakout. Today the running range is between $20425.29-$18723.45. A 3-day frame is between $21052.60-$17904.50. Before breaking up $19920.03, shorts take control. Breaking it up for 24 hours will see bulls...

BitMidas

BTC came out of the downward channel, yet not stable. It’ll cut through between the strong resistances above and the long-term support channel shaded with green. Yesterday the released CPI data >8.1%, and BTC dropped as predicted. Later a large amount of speculative capital inflow pulled the price back, strengthening the support. Now BTC is in a fierce battle to...

BitMidas Updated 

BTC is about to leave the downward channel. If CPI is lower than expected, it will jump out of the channel; otherwise, BTC drops and prolongs the movement within the channel. Strength is contracting, cultivating a breakout that is likely to happen upon the release of CPI. Yesterday BTC ran between the speculative area at $18798.44 and intraday resistance at...

BitMidas

Similar to the analysis yesterday, BTC is about to leave the channel and develop into new sideway patterns. Yesterday BTC went down to test $18798.44, with short-term capital inflow. The price dropped with increasing fund outflow and in the next 5 hours saw small capital inflow. The latter is larger than the former, so the price is kept at this level. But the...

BitMidas

BTC is about to leave the downward channel. After that, the trend will develop into new patterns. It is likely to go sideways based on the current data. Strength is contracting, cultivating a breakout. Yesterday short-term pressure forced the price down to test the speculative capital inflow at $19109.80-$18798.44. After testing twice on $19109.80 at 16:00 and...

BitMidas

BTC is about to leave the downward channel with the highest slope. After that, the trend will develop into new patterns. It is likely to keep fluctuating based on the current data. Strength is contracting, cultivating a breakout. $19882.81 is still a battleground, the price will oscillate around it, today concentrating between $19109.09-$19882.81. (breaking down...

BitMidas

BTC is near an escape from the downward channel with the highest slope. After that, the trend will develop into new patterns. It is likely to keep fluctuating based on the current data. $19882.81 is still a battleground, the price will oscillate around it, concentrating between $19156.16-$19882.81. (breaking down $19156.16 will it drop to $18470.35; breaking up...

BitMidas

BTC jumped out of the narrow range last week, opening more upper space. However, a reversal signal might only occur when it grasps $21323.77. Now the price is under the pressure of the first resistance depicted on Sep 30, as a result of the released non-farm payrolls. $19882.81 is a fighting target between bulls and bears. The early market (UTC+8) fluctuates...