Weekend analysis of BTC is here.
We 1st analyze the 1D chart and start with MA. As I wrotte about EMA10/20 Golden cross several days ago, it now seems to be no longer valid. BTC has already drop below SMMA and TEMA is heading south.
Now, we will focus on RSI, Stoch and MACD. They are bearish with no doubt....
So, my yesterday’s prediction was wrong. Despite the expected dropdown, the price of BTC has increased, to $6640. Nice pump with good volume!
A few days ago, I pointed out two important patterns - inverse Cup w/Handle and Double Bottom. If we look at in detail...Double bottom is invalid because the 2nd bottom drops signigicantly lower than 2nd one, so the...
Hi Crypto Friends,
Check out my latest BTC's analysis.
I do not use any technical indicators, I only drew a few important milestones concerning BTC Futures and ETF.
I will update this TA regularly.
If I missed any important event, leave me your comment. I will add it into the chart.
As we all may seen, BTC was pumped today. The price hit $6600 mark. Then BTC rejected SMMA7 trend line and price dropped back below $6400, back inside bearish channel and below resistance at $6434.
Ichimoku indicates possible Bearish TK-Cross, but it is to early to consider this as reliable sell signal. RSI is still in uptrend. Also Stoch is in uptrend, but...
Hello, let’s take a look at my favourite 1D BTC’s chart.
Over the past few days, the price has been decreasing, from $8400 to $7500. BTC is back in Falling Wedge pattern, which became strong rival (the top line of this pattern reflect BTC back below $8.0K. During this drop, BTC broke-down EMA200 and TEMA21. $19.8K trend resistance still haven’t been broken....
BCH bounced off the bottom line of Triangle pattern and is rising now. Now, I can see new pattern - bullish Head and Shoulders with the prospect of going up. Meanwhile BCH is heading EMA21 trend resistance. In case of breaching this resistnace, BCH will go to price level between 0.120 - 0.125BTC.
RSI and Stoch looks pretty good too.
I hope you enjoy my charts,...
The last three days, the BTC’s price stuck on market flat between the price resistance at $6600 and support at $6500. At the price $6500 can be found the EMA21 trend line. Now BTC is testing it from above. . RSI still didn’t break 50 level resistance. Stoch indicates possible line cross and trend reversal.
Since we are between these two levels, while gaining and...
New milestone is coming. Now, BTC is heading to $19.5K trend line, resistance at around $6320 and EMA21 at $6410. In case of breaching these strong resistances, BTC can rise again. But it will be difficult without significant volume.
We are in bearish market, with no doubt. A new opportunity to buy will come with the price below $6000.
I hope you enjoy my...