Hello, dear subscribers! In the previous review we looked at the possibility of decreasing the price of bitcoin to support zone 2. Since then, the price has again touched support zone 2, formed a double bottom - a reversal signal and began to rise. The resistance zone, painted in red, did not become an obstacle for the bulls and at the moment the Bitcoin...
Hello, dear subscribers! In the previous review we defined the pattern of price movement on the bitcoin market and outlined support and resistance zones. In the following days, the bulls managed to get above the resistance zone, but the attack of the bears followed, which lowered the price to support zone 1. This was predictable, because before that for a...
Hello, dear subscribers! Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns. The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above...
Hello, dear subscribers! In the previous review, we looked at the overheated bitcoin market after impressive growth. The RSI, OBV and MACD indicators signal the formation of divergence - a decrease in the values of indicators as the price rises. The OBV indicator is at an important level - 1.086M. A break below this value will lead to a significant price...
Hello, dear subscribers! In the previous review the price of bitcoin was at $15,500 and we predicted further growth. The price of Bitcoin now is $16,230. Bitcoin price is renewing increasingly new highs, but the bitcoin market is accumulating overheating. After a prolonged growth should follow a correction. Indicators RSI and OBV confirm local overbought. New...
Hello, dear subscribers! In the previous review we looked at bitcoin price growth and marked the current support and resistance areas. In the following days, the Bitcoin price was moving within the specified borders. The sellers managed to lower the price to the support zone of $14,500 - $14,800, but they failed to move lower. Buyers quickly bought back the...
Hello, dear subscribers! In previous days, Bitcoin surprised experienced cryptoenthusiasts, showing unprecedented growth. Maximum 6.11 - $15,960. The technical situation of divergence on RSI, OBV and MACD indicators was broken and the market showed a breakthrough in price and indicators. We are in the overbought zone. On the 4-hour chart, we see 10 green...
Hello, dear subscribers! In the last review we defined the resistance and support zones for the current bullish trend. In the following days, the Bitcoin price was under the control of the bulls, which brought it to the level of $14,100, closing the period at $13,940, which is the upper limit of our resistance zone. The bears didn't let the price rise above...
Hello, dear subscribers! In previous days, the price of bitcoin updated its yearly maximum! The maximum price was - $13,350. Let's have a look at the RSI, MACD and OBV indicators. RSI was in the overbought zone at the maximum price and formed a pattern of divergence. The same pattern is found on the OBV indicator, and the important resistance on the OBV is 900k....
Hello, dear subscribers! In the previous review we looked at bitcoin price dynamics in the current price range of $11,200 - $11,600. In the following days, the price continued to move in this trading range. Neither bulls nor bears were able to prove their superiority. The current price of the Bitcoin is $11,580. The MACD indicator shows an insignificant bull...
Hello, dear subscribers! In the previous review we looked at the long with the goal $11,700 - $12,000 as the most likely trend in the bitcoin market. In the days after the review, the price of bitcoin touched $11,700, but the bulls did not get fixed above this level. Further, the price of bitcoin was moving in the trading range of $11,200 - $11,600. As a...
Hello, dear subscribers! In the previous survey, we considered a uptrend of 11,300 - 11,500 as a priority movement of bitcoin prices. As you can see, the prices touched the 11,500 price level and then entered the correction of 11,200 - 11,500 in order to reset the overbought in the market and gain strength for further movement. The 10,900 level from below is a...
Hello, dear subscribers! In the last review, we looked at the bitcoin price movement in the narrowing triangle and the potential exit from it. Buyers ruined sellers' plans and took the bitcoin price out of the triangle upwards with a strong movement. All the indicators show the strength of the up trend. Its target is the resistance level of 11,300 -...
Hello, dear subscribers! In the previous review we looked at downtrend as a likely scenario on the bitcoin market. The situation has not changed in the past days. The price of bitcoin has corrected after the fall, currently it is $10,700. The MACD and RSI indicators have returned to the green zone, the OBV indicator shows an increase in sales, which indicates...
Hello, dear subscribers! In the last review, we talked about bulls should stay above the price of $11,000 in order to confirm their strength and continue the upward trend. Buyers have not been able to stay above this level, after which the bitcoin market began to sell out and the price fell below support level $10,500. The lowest drop was $10,374. At the...
Hello, dear subscribers! In the previous review we considered the downtrend from the level $10,830 as the most likely pattern of bitcoin price movement. Since then, the minimum price drop has been $10,136. Currently, the bitcoin price is $10,855. We are in a local upward trend with support at the level of $10,500 - $10,600. MACD and RSI indicators confirm...
Hello, dear subscribers! In the last review we discussed the upward trend of bitcoin prices. Since then, the price has increased, showing a maximum at $11,179. In the last 5 days the price range has narrowed to $10,700 - $11,179. Indicators RSI and MACD show weakening of the bulls. The RSI value is below 50. The OBV indicator at the top of the uptrend -...
Hello, dear subscribers! In the previous review, we looked at short or flat as likely patterns of bitcoin price movements in the coming days. Today the price of bitcoin is $10,390. On the 4-hour chart we see a flat in the range of - $10,200 - $10,550. MACD and RSI indicators show uncertainty of buyers and sellers. The OBV indicator shows an increase in buying...