CryptoBull9ja

CryptoBull9ja

bitcoin  is facing resistance at this previous support trend line. As you can see from the chart, that trend line has acted as support before the huge dump to 28.7k. Bitcoin has previously bounce from the trend line 3 times 11th of February, 1st of March 26th of April Bitcoin broke the trend line in May and the price plummeted to 28.7k Currently bitcoin has...

CryptoBull9ja

Yesterday I said the bitcoin dominance is approaching a very important resistance zone which could lead to possible consolidation phase or rejection and a breakout is also possible. Well, the update is that there is currently a hidden bearish divergence on the chart. As you can see the RSI made a higher high but the dominance chart made a lower high. What does...

CryptoBull9ja

Wonder why majority of the alt-coins are not moving? Well this is because the bitcoin dominance keep going up. Since the bitcoin dominance made a double bottom in September 10th the dominance has been on a steady rise, but the dominance is approaching a major resistance level. The 48 to 50 percent level is a level to watch if you are holding alt-coins. If...

CryptoBull9ja Updated 

Bitcoin is breaking out of the Rising wedge. As we all know rising wedge is a bearish pattern but like I said in my previous analysis, I told you a bullish pattern sometimes can break down and a bearish pattern can also break bullish too that’s why it is always advisable to wait for a pattern to break out and also confirm the breakout before taking any trade in...

CryptoBull9ja

In my last post I promised to publish another chart to show you why i think the rising wedge pattern breakout is legit and why you need to be careful about this pattern. Incase you haven’t check the analysis, you can go to my last post in order to understand this post. So like I said In my last post, I told you rising wedge is a bearish pattern but sometimes a...

CryptoBull9ja

Cryptobull9ja, : This is a chart I have been watching for some times now, Looking at the previous candle before this current one you can see bitcoin closed that candle as a SHOOTING STAR CANDLE. The textbook meaning of that candle is a bearish candle. Although someone said it looks like a GRAVESTONE DOJI CANDLE but I said that’s not a grave stone Doji...

CryptoBull9ja

This is bitcoin daily timeframe chart. As you can see, there is a potential rising wedge pattern forming on the chart. In a rising wedge there is always 5 waves. I did posted this on my Twitter page when the price was around 40k. I said if this a rising wedge then we should expect another leg up to around 56k to complete the wave 5 and it was exactly as I...

CryptoBull9ja

This is another bitcoin chart I want the bull to pay attention too. In 19 days time this chart will show if we are in the second phase of the bull market just like the 2013 bull cycle or if bitcoin has already hit the bull market top. So we are going to take 2 things on this chart into consideration. Looking back at the 2013 cycle, the first thing we are going to...

CryptoBull9ja

Bitcoin finally hit the upper resistance line 55988k on this chart. Which I was talking about. So the question now is are we going to break the resistance line or is bitcoin going to close this candle around 50970?. Well if you have been following my post, I said bitcoin is following a fractal pattern of 2013 bull cycle top. But If you are just viewing this post...

CryptoBull9ja

The fact that a lot of analyst still believe #bitcoin will hit 100k this year due to the stock to flow model indicator and past price action still make me think it’s possible because personally I have an analysis which I did said I’m expecting #bitcoin to go even higher than 200k this year but all this assumption depend on this chart. Just like I said before that...

CryptoBull9ja Updated 

Everyone is expecting bitcoin to hit at list 100k before the end of this year but what if I tell you bitcoin may never go beyond 60k this year. Personally I was also expecting bitcoin to go above 200k this year but no one can deny the fact that this current cycle is different from the previous bull cycles. I have been tweeting about bitcoin bearish reversal...

CryptoBull9ja Updated 

Bitcoin bulls finally stepped in which is a good sign. Bitcoin price has pumped 20% in the last seven days but the question is are we in a bull market? Well, the fact is bitcoin is not in the bull territory yet. Yes you heard that right. looking at the weekly candle chart, the white line on the chart is an indicator called bitcoin energy value. You can see from...

CryptoBull9ja

Looking at the 4 days price chart, you can see Litecoin hasn’t breakout yet. Despite the recent pump in price, Litecoin is still trapped in this huge symmetrical triangle pattern. As it stand, every thing is still looking good. As a pattern trader, It’s always advisable to wait for price to break out of a patter to give you the direction the price is moving to....

CryptoBull9ja

LOOKING AT THE 4 DAYS CHART, I THINK THE CHART SPEAKS FOR ITSELF. IF YOU STILL DON'T BELIEVE IN XRP, MAYBE THE MARKET STRUCTURE WILL CONVINCE YOU. PERSONALLY I LOVE TRADING PATTERNS BECAUSE PATTERN IS A CONSOLIDATION PERIOD AFTER A LARGE MOVE EITHER TO THE UPSIDE OR DOWNSIDE. A BREAK OUT OF A PATTERN GIVES YOU A CLUE ON WHERE THE PRICE IS GOING TO. IN THIS CASE,...

CryptoBull9ja

Price still consolidating after hitting the upper trendline of the descending Chanel or bull flag. If price fails to break above the trendline, ETH May take another leg down to around 233 _234 level before we can get a breakout. As it is right now, I think a leg down is likely to happen before we can get the wave5. Reason, the RSI is over sold on the 4hrs...

CryptoBull9ja

Bitcoin is back above 9600. Currently, bitcoin is consolidating around 9587 support, the pennant upper trend line acting as overhead resistance. previous 9587 resistance as flipped to support and still holding. If it hold then we should get another push up to complete the falling wedge target which is around 10200 perfectly inline with the top of the rising price...

CryptoBull9ja

THIS CHART REPRESENT 50 DAYS TIMEFRAME SO EACH CANDLE REPRESENT 50 DAYS OF PRICE ACTION. WELL TO CUT THE STORY SHORT DO YOU STILL THINK THE BITCOIN BULL RUN IS ABOUT TO START? WELL AS IT IS RIGHT NOW THE CHART IS NOT LOOKING GOOD. As you can see, the resistance line starts from 9595 to 10535 and the support line starts from 6824 to 6400. So the question is can...

CryptoBull9ja

Crypto total market cap at a resistance zone. If this resistance is broken, what do you think will happen to bitcoin, fasten your seatbelts we are going to the moon 🚀🚀🚀 Rejection could take us back to 8k zone