EasyTradingSignals

EasyTradingSignals

Bitcoin is currently sitting right at the pivot point for today, and based on the movement there appears to be a good chance of it running up to at least the 22600 level, and then either bouncing off that level, or really breaking through and heading higher into the 23000s. We also have a double bottom pattern that appears to support at least a short term movement...

EasyTradingSignals

It looks like Bitcoin might be heading up on a rally, at least in the short term to about $10,590 and possibly to around $10,850 after that, using the 50 and 200 moving averages as potential target levels. My analysis is based on the strong and clear hammer candle (although it has a bit of a long "handle"), as well as the 9 EMA and 20 EMA getting close to...

EasyTradingSignals

Bitcoin broke our upward sloping trendline, which basically invalidated the projection that it will be heading up in an Impulsive move in the short-term, and due to that now looks more likely to move downward towards the 50 moving average. It seems like Bitcoin is once again being ruled by the whales that are making the price move in unexpected ways. For the...

EasyTradingSignals

BTC dipped lower than expected the last day or two, and today will be crucial to see where it is heading next. If today's Bitcoin price action stays above yesterday's low, there is still a chance that the analysis of a potential wave 3 Impulsive move up is still valid and heading up. However, if it breaks down here and goes below yesterday's low of the...

EasyTradingSignals

Bitcoin has broken through the $12,000 round figure level that's been holding it back for awhile, and now the question is where will it go next? Based on what I'm seeing in the charts, Bitcoin is heading up, both in the shorter term over the next few hours, as well as over the next few days. After that, we may see a sharp consolidation again, as we often get...

EasyTradingSignals

When the market moves strongly in a direction, you might feel the need to jump in and chase the trade because of the Fear Of Missing Out (FOMO). Don't do that. In fact, if you spend some time looking at the charts, you will find that often with such sharp fast market moves, the potential for a trade in the same direction as the fast move is over by the time...