Bitcoin continued it's 4th day of sideways movement but is making higher lows and lower highs inside the bull flag. The question is if and when it will finally be able to push back above the 12,000 level.
Bitcoin spent the day today trying to smash through the $12,000 level with an early morning push and now a late day push.
The last part of the video I show how the alt coins are still moving lower against bitcoin and not showing any signs of reversing.
(not investment advice)
Bitcoin continues bullish rise. I've added a new indicator bars_in_a_row, to the chart that counts consecutive bars (you can get it from the public indicators). We are hitting the limit of bitcoin consecutive days so having a down day does not stop the bull move.
In the first part of the video, I called the confluence with the trendline and the fib level the .38...
The total crypto market cap, including bitcoin, is breaking above the 21 and 50 HMAs and the 21 HMA has now crossed back over the 50 HMA. Time to get ready for the next bull run. :-)
( Not investment advice)
Litecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move.
We’ll see if price can break and stay above $100...
August has brought with it a new bullish move in BitCoin. After selling off in July, the bottom of $9,100 has held for now and price is moving higher though the fib ladder. Additionaly the 21 HMA has turned green and price has pierced through the 50 HMA, all suggesting that another bull leg may be starting.
(This is not investment advice. It's just my take on...
In this third part of the bitcoin price analysis, I go over the measured move to reveal a bearish price target of $7,250 which coincides with the fibanocci analysis I did in the first part of this series.
Bitcoin fell below the $9,500 support range and is struglling to get back above that key support level. The bottom of the current range is around $9,070 and if that doesn't hold the next major support level is $7,600.
Bitcoin, Litecoin and VeChain are all breaking through their short term support levels today. Bitcoin looks headed down to the 9,500 level and with the 4 hour Squeeze indicator turning dark green, price looks very bearish.
Litecoin is just about at it's next support level at $87. The squeeze indicator has also turned dark green so some selloff is expected at this...
Bitcoin sold off this morning to 10,144, right into a support zone. Price has been unable to break above the EMAs.
If this support area holds, there will be a nice Head and Shoulders pattern, which would put the next move up to the resistance level at just under 12,000. If support does not hold here, then I would be looking for another price drop to the 9,000 to...
Bitcoin has been consolidating for 4 weeks since the last big run up. Price has found support @ .764 fib, the breakout point of previous resistance. So is this the end of a 4 week consolidation / bull flag period?
This week’s doji still looks much stronger than any other of the top alt coins, with only Litecoin showing any signs of strength. This could be good...
The Squeeze indicator is turning green on the 4 hour XRP chart and the 21 period EMA is poised to cross over the 50 period EMA. Price is moving up into a band of resistance, capped by the 100 EMA. Definitely a battle zone ahead between the Bulls and the Bears that could end up forming a bullish cup and handle pattern.
(Not investment advice)
The 4 hour bitcoin chart shows a potential cross of the 50 and 200 EMA. While many are saying this will leading to a big move (could be either bearish or bullish), the facts don't point to such a reality. Scroll to the left and see for yourself. While sometimes it does lead to a big move, at other times it leads to just more consolidation.
For me, the big...