Monfex

Trend analysis: An upward trend started to form on the 1H chart yesterday (Aug 22) and it is continuing its climb to the next resistance level of ~$10,500. The trend is struggling to reach a new high which means it could down again towards the support at ~$9,700. If the candles beak below the current trendline we could see it enter the "Danger zone" which means...

Trend Analysis After a sharp fall on August 21st, we have finally reached our support line. After a bounce off the support line, we are starting to see some nice green candles which may indicate a new trend forming. If the price doesn't break through the support of about ~$9,700 then we could expect a new upward trend to form heading to the next resistance of...

Trend analysis: After the Bitcoin price dropped to $9,800 on August 15th, it then started to maintain a steady upward trend lasting for 5 days until the 20th. The price was consolidating around the $10,600 range and today we saw the price break through the bottom of the established trendline. This could mean that the upward trendline was simply a bear flag. A...

Analysis of chart patterns: A triangle is forming on the 4-hour chart, which is a strong trend continuation chart pattern. We are seeing a continuing price consolidation in a narrow range: after the bounce down to $9,500, the price has formed a new local low, higher than the previous low. The highs have been declining as well, thus forming a downward trendline....

Trend analysis: A beautiful ascending triangle formed on the 4-hour timeframe chart, which indicated a break in either direction, but it was forming more of a bullish pattern with the higher lows and the highs staying the same. The bulls took over and the price jumped above the resistance and now it could be acting as a support. Monfex market analysis...

Trend analysis: A beautiful ascending triangle formed on the 4-hour timeframe chart, which indicated a break in either direction, but it was forming more of a bullish pattern with the higher lows and the highs staying the same. The bulls took over and the price jumped above the resistance and now it could be acting as a support. Monfex market analysis...

Trend analysis: After a hard crash to the support of ~$9,400 (which I mentioned in my last TA here), we are now seeing a bit of upward momentum on the 1hr chart. We have a hammer candle signifying a strong bounce off the resistance and higher highs and lower lows are starting to be reached. Monfex market analysis update: The RSI is showing some nice momentum...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis We are in bear territory now. After the many rejections at the $12,000 resistance mark, we could now see a downward trend forming heading to the next support of ~$9,500. The 1D EMA(50) is now showing a bearish crossover as we continue this downward trend. Volume is still low and...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis After the symmetrical triangle formed, we saw a sharp break downwards. I listed the break in my last TA here: BITCOIN: Getting ready to break The break downwards was somewhat expected, but now we are starting to see two new trends take shape. The most recent one is an upward trend...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis The price is starting to consolidate near the $11,800 mark. Reaching higher lows and lower highs, this may indicate a break out in either direction. Volatility is decreasing and the RSI is showing downward momentum. The fast EMA (200) is starting to make a sideways move, but still...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis The overall trend does not look too good for Bitcoin. It keeps getting rejected after $12,000 and it may start settling down towards its resistance level at $11,000. The hope for seeing Bitcoin break passed $12,000 to over $13,000 (if it reaches this it confirms a new upward trend)...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis The pullback I mentioned in my last TA came and now Bitcoin is now reestablishing a past trend. With a strong rejection at $12,000 the price has dropped close to its support at ~$11,200. The RSI showed Bitcoin hovering in the overbought range for about 2 days, it has since...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA(200) shows a bullish price crossover, and now the fast EMA(200) is below the current price, which indicates upward momentum. The volume is increasing but the RSI shows that the price is...

Dear trader! Here is the quick Monfex market analysis update. Bitcoin Trend & Volatility Analysis Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA(5) has shown a bullish price crossover with a slow EMA(20) on Aug 2. Now the fast EMA(5) is below the current price, which indicates upward momentum. The trade...

Bitcoin (+7.9%) and US 10Y Treasuries (+1.3%) SURGE while US stocks (-2.0%) TUMBLE on President Trump’s abrupt escalation of a trade war. President Donald Trump abruptly escalated his trade war with China. According to Trump’s tweet, a 10% tariff will be imposed on $300 billion in Chinese goods on Sept 1, and the tariffs can be raised beyond 25%. The 25% tariff...

Bitcoin (+7.9%) and US 10Y Treasuries (+1.3%) SURGE while US stocks (-2.0%) TUMBLE on President Trump’s abrupt escalation of a trade war. President Donald Trump abruptly escalated his trade war with China. According to Trump’s tweet, a 10% tariff will be imposed on $300 billion in Chinese goods on Sept 1, and the tariffs can be raised beyond 25%. The 25% tariff...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis Bitcoin is starting to consolidate close to the $10,000 resistance area. This is the third time this week that the 10k price was tested. With currently low volatility and lower volume levels, we most likely won't see the price move too dramatically until there is some big news or the...

Dear trader! Here is the quick Monfex market analysis update. Trend analysis Bitcoin recorded a new low with a HAMMER candlestick. This could mean it is ready for a reversal. Since the HAMMER, there has been a steady increase in the Bitcoin price. While the fast EMA (200) is still above the price we may be getting ready to see a bullish price crossover. The...