BTC.D is trading at the top of the rising wedge channel and consequently, a retracement is expected. So we expect a small ALT party.
BTC.D is trading at the top of the rising wedge channel and consequently, a retracement is expected. So we expect a small ALT party.
Gold is trading inside the descending triangle which is a bearish sign but if we take a deep look at the daily candles, we can see strong green candle surrounded by red candles at the support level which is a bullish sign. one more thing that should be considered is double bottom pattern. I advise you watching more candles in order to open a position.
USDT.D pumped and broke the all-time high resistance and consequently dumped the whole market as I wrote about it before. USDT.D now is trading at the top of the parallel channel, if USDT.D moves sideways we can expect altcoins to grow. If USDT.D dump we would have the whole market in an uptrend.
BTC is trading inside an ascending triangle so we expect a breakout soon.
Bitcoin is trading inside an ascending triangle. I expect a breakout soon.
As I wrote about the USDT dominance before, USDT.D breakout the ascending triangle and absorbed money flow and dumped the whole market. As shown in the figure, it's the third time that USDT.D is poking at all-time high resistance. If breakout, the whole market will continue its downtrend. but the scenario that I expect is USDT.D and Bitcoin sideway for a couple of...
ETH/BTC broke down the trend line and formed a double top pattern. with these all, I think ETH seems bearish.
BNB broke down the resistance of the middle of the parallel channel. I think it is a good time to open a short position.
As shown in the chart, EUR/USD is trying to break the horizontal resistance and 100-MA resistance. Based on the double bottom pattern and XAU/EUR and XAU/USD analysis that I wrote before, I expect a downtrend for XAU/USD pair and an uptrend for XAU/EUR and consequently a downtrend for EUR/USD.
Gold / EUR pair has been consolidating and trading inside a falling wedge channel for several days. This falling wedge pattern usually is a bullish pattern so I expect a breakout soon.
As shown in the figure, Gold broke down the key level resistance and completed the pullback.
These days are too hard for Iranians because of the internet blackout and suppression by the Islamic regime of Iran. Based on statistics almost all Iranians are in an internet blackout and consequently, Iranian miners separated the Bitcoin network. Clearly, you can see a noticeable drop in the via_btc pool hash rate. these decrease in hash rate caused Bitcoin...
As you can see we have a double bottom pattern here. it can be a sign of reversal.
Bitcoin has been trading inside a falling wedge channel for more than 20 days while USDT dominance has been trading inside a rising wedge channel at that time. If USDT dominance can breakdown the rising wedge channel we can expect to pump the whole market.
Total crypto market cap exclude BTC bounced from 0.786 Fibonacci level(59.73B) and passed 72B resistance and Ichimoku cloud and has been poking at 0.618 Fibonacci level resistance(77.13B) for more than 2 weeks. Consider that the double bottom at 0.786 Fib level confirms the beginning of an uptrend. So we expect altcoins to grow.