First of all, thanks for taking part in the poll and picking the topic for a new post! You asked about a market review for Bitcoin, and here it is. I want to start the review with the facts, which we have to take into consideration right now. 1. The price bounced from 50 000$ support, and we got the a reversal signal. It gave us trade opportunities for buying...
Let's talk about Bitcoin. I know that many of you didn't see the bearish crypto, how your favorite coins can be corrected on 80-90% after the ATH, and how the crypto market can be boring when it moves sideways for months. When the price broke 12 000$, we could see the strong upward movement with short-term pullbacks and new ATH after that. The price reached...
Yes, the title shows what I think about this coin and the whole crypto market. I remember the time when I got so many comments from you when I wrote about the manipulated movement in BTCUSD market. There were many traders and crypto enthusiasts who tried to prove that it is not true and the crypto market is the best! Just look at this chart. Don't you think that...
Let's talk about the most interesting coin right now. It is the coin that continues the strong upward movement despite the sideways movement of Bitcoin. And, of course, it confirms the strong interest to this market from the crypto community. At the beginning of this year, could you imagine that the price will be above 600$? If yes, well, my congratulations! You...
If you trade Gold, you have an amazing opportunity to catch a possible trend reversal based on a very solid reversal pattern. I'm talking about the double bottom, which gives the exact entry point. If we follow this pattern, the breakout above the local swing high between 2 swing lows will give a trade opportunity. But I would like to combine this pattern with...
In May 2019, when the Bitcoin price was about 8500$, I gave my comment on the question "Would Bitcoin reach 1 000 000$?" for the Russian business TV channel. My point of view was that even with the best fundamental support, we would see 50 000$ for 1 Bitcoin, and maybe even 100 000$ as the highest point. When the price was 8500$, I couldn't find any reasons how...
There is an opinion that Ethereum can reach 10 000$ in the long term. The coin has strong fundamental factors and good potential for upward movement from TA. Maybe such a point of view is wrong or maybe not, who knows? Nobody knows the future, and we just need to plan our trades, considering the real picture and exact signals from charts and indicators. If we...
The price couldn't stay above 2000$ and we got the reversal with the further correction movement. The price broke SMA20 and tried to move below SMA50 as well. What's next? If we draw support lines using the previous important swing highs, we will get 2 support zones that should be used for planning our trades. The 1st support is formed by 1440$ and 1280$ levels...
The price is not far from 50 000$. I think it makes sense to say that the price reached the target. I wrote about this main target for buyers in this post . What's next? From my point of view, we have to watch for the price action at 50 000$ as it will be able to become a good resistance. Why? Look at the space between the current price and SMAs. It tells us...
The support at 30 000$ played its role perfectly. We could see several failed attempts to break the support and move downward toward 20 000$, but bears were not strong enough to do it. The price bounces from 30 000$, gave us several interesting bullish patterns in the hourly timeframes and moved upward. What's next? Let's look at the daily timeframe and try to...
The price broke SMA20 and the bottom line of a triangle chart pattern. It gives us a bearish signal. If we look at MACD and RSI, we will get additional bearish signals supporting a downward movement toward 30 000$ support and SMA50. The price action at this support will be able to provide interesting buying opportunities. If the price breaks 30 000$ support,...
In the daily chart, the price moved above SMA200. It is a signal that the market is going to continue the uptrend. A new higher swing low supports this idea. RSI confirmed the price reversal. The same goes for MACD histogram. We have a bullish setup that can be used for buying. You can see an example of a possible long trade. Of course, it will be better to wait...
If we look at the 4H timeframe, we will see a clear triangle chart pattern. The price has been moving sideways in the borders of the triangle, and the breakout will show us a direction for a further market movement. The breakout below the bottom line will open the road toward SMA200 and 30 000$. The price action at this support will be able to provide us...
After a pullback from 34 771$ the price bounced from 28 000$ level and SMA50. We could see a new upward movement in the structure of the main bullish trend. The crypto enthusiasts and holders are happy! The market is running to the Moon, ignoring physics laws and logic. But if we look at the market through our knowledge and gained experience, we will understand...
The price moved below the support and SMA50 in the 1H timeframe. It gives us a bearish signal. If the price bounces from 40 000$ as new resistance, it will tell us about a possible downward movement toward SMA200 and the support between 36 000$ and 34 770$. The price action in this zone will be able to give a new buying opportunity. If the price moves above...
I recommend you to add this market to your watchlist as it gives a good buying opportunity. The price reached the support zone formed by the uptrend line, 1900$ support, and SMA50. The price reversal confirms the strength of this support, and we can expect a further upward movement. RSI and MACD are going to support this idea. If so, we can use the 4H, 1H, and...
If we talk about smart long term traders and investors, they had to open long positions starting from 3500$. The market gave the exact bullish setups in the weekly and in the daily charts. If smart long-term traders and investors missed those opportunities, of course, they don’t open long positions at 31 800$, because it is a stupid mistake for them. They stay...
I expected to see a pullback from 1000$ as this resistance looked solid and logical for the price reversal. But the market continued the upward movement and reached 1162.97$. What's next? We should watch for the daily candle first of all and wait for the close price. If the close price is not far from the high price, it will tell us about buyers' strength. The...