The market cap is slightly up to $265B. Dominance is down to 68.49%. The price of Bitcoin is just above 10,100.
For those in Discord, we can see Bitcoin has been ranging between 9,700 and 10,100 on the 1-hour chart. Bitcoin needs to break above short-term resistance at 10,300.
However, indicators on the 1 & 4 hour timeframes are overbought indicating more...
The market cap is down to $264B. Dominance is down to 69%. The price of Bitcoin is at 10,100.
Yesterday, the price was unable to hold support at 10,700 and pulled back to 9,850 and has since moved back above 10,000.
Smaller timeframes show low levels of volume, if the price cannot close above 10,500, we could have another leg down to 9,700.
The global market has remained mostly unchanged and is at $277B. Dominance has has risen up to 69.30%. The price of Bitcoin is at 10,700.
Price action has pulled back from 10,900 and has been able to find support at 10,700.
If the IH&S pattern plays out, we should see the price action reach it's next resistance point at 11,300 by the 24th.
Over the next 2...
Over the weekend, the global market cap has risen up to $277B. Dominance is down to 68.91%. The price of Bitcoin is at ~10,700.
Price action has been following the trajectory of the IH&S outlined. Trendlines has been adjusted.
On the daily charts, the current candle is testing a resistance zone at 10,700. Volume has risen the past two days. The stochastic RSI...
The global market cap is down to $269B. Dominance is up to 69.14%. The price of Bitcoin is at 10,400.
Despite the decline in market volume, we can see the daily candle is making a higher high and higher low (bullish)
The StochasticRSI is curling up, but has not passed any confirmation level, and both daily wicks tell us there is strong buying pressure below...
The market cap is up to $285. Dominance is roughly unchanged at 68.47%. The price of Bitcoin is at 10,200.
Price action continued to drop overnight, but was able to bounce off of support at 9,480.
Smaller timeframes are showing signs of bearish divergences between price action on volume
If this upward momentum is to continue, we will need to see the volume...
The market have continued to bleed and the global cap is down to $264B. Dominance is up to 68.48%. The price of Bitcoin is at 10,100.
Price action broke to the downside under selling pressure, but has so far bounced off of the long-term support trendline at 9,855.
A clear inverse head & shoulders pattern has formed based on the qualifying criteria:
The market cap has continued it's pullback and is down to $287B. Dominance has also dropped further and is down to 68.16%. The price of Bitcoin is at 10,900.
Price action broke to the downside of the bullflag forming new trendlines and bouncing from a re-test of support at 10.700.
Lower timeframes between the 1 and 4 hour have oversold indicators, but there is...
The market pulled back over the weekend and the global cap is down to $296B. Dominance has dropped and is down to 68.68%. The price of Bitcoin is at 11,400.
Price action was unable to break to the topside and pulled back under the selling pressure. In 1 hour, the price fell ~700 or 6%.
Overall, the price action is forming a bullflag, but the overbought...
The global market cap is slightly up at $303B. Dominance has inched up to 69.87%. The price of Bitcoin is just under 11,900.
Over the past 4 days, we can see a clear range forming within the price action.
11,300 has held up as strong support, and daily candles are making higher lows.
There are bullish Stochastic RSI divergences the 4-hour time frame (white...
The global market is down to $300B. Dominance is mostly unchanged at 68.72%. The price of Bitcoin is at 11,500.
Price action rose from 11,300 to 12,100 before pulling back to 11,500 forming a range of price action between the two.
Technical indicators on the smaller time frames suggest the price is oversold, the conflict between timeframes suggest short-term...
The market cap is up to $306B. Dominance is also up to 68.76%. The price of Bitcoin is at 11,800.
Over an 8 hour period, the price action rose to 12,100 before quickly pulling back to 11,400, indicating strong support near 11,000.
There are 3 strong bullish indicators currently on the daily charts.
1. The TRIX is oversold and there is a bullish crossover
The market cap is down to $304B. Dominance continues to rise and is up to 68.36%. The price of Bitcoin is at 11,600.
Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume.
However, that volume came and went in under 4 hours time.
Because the price action was unable to breach above resistance and...
Over the weekend, the market continued its upward trend. Today, the global market cap is up to $310B. Dominance has risen and is up to 67.70%. The price of Bitcoin is at 11,700.
The price action rose up from 10,500 to 11,950, stopping just short of resistance at 12,000.
The stochastic RSI has moved into overbought territory and the RVI is indicating high...
The market has pulled back down to $282B. Dominance has continued its move up and is at 66.14%. The price of Bitcoin is at 10,400.
Price action was rejected at 10,700 and has pulled back, the current daily candle is squeezed between the conversion line and base line, with the conversion line acting as support and the base line acting as resistance.
The global market cap has continued its run and is up to $280B. Dominance has followed and is also up to 65.72%. The price of Bitcoin is at 10,300.
Price action has had further continuation upwards after the price action pulled back from 10,100 and bounced off of 9,800 support up to 10,400.
The stochastic RSI has broken it's resistance, which further suggests...
The global market cap has risen up to $275B. Dominance is up to 65%. The price of Bitcoin is at 10,000.
Price action was able to break above the short-term resistance, moving up from 9500 - 10,000.
The Stochastic RSI is above 30 and the RVI shows us that momentum is picking up while the volatility is lower than the prior crossover rejections that took place on...
The market has it's slow and choppy price action. The global cap is up to $265. Dominance has not moved at all and is at 64.47%. The price of Bitcoin is at 9,550.
Price action has continued to stay confined within a tight range conveying both indecision / lacking interest in the market currently.
Lowering volatility and heavily oversold indicators point to a...