BTC has entered an important phase.
The crypto market has continued to rise since the BTC conference.
The feeling of overheating has calmed down once, and the RSI divergence in 4 hours has been confirmed.
While the $41,000 wall is thick and hard to overcome, trend lines and MA are supporting the downside, temporarily is a frustrating market.
BTC has skyrocketed for the first time in a long time.
It continued to grow for 6 days from July 21st, and from the point where it passed the horizontal line of $35,600.
There was also widespread coverage that Amazon would accept crypto payments. It became one of the rising factors.
With this rise, the short-term trend is completely up.
This trend may continue...
Today, BTC has fallen below $30,000 again.
The US and Japanese stock markets are all bearish. It is believed that the risk-off market is a factor.
Forming a descending wedge most recently, the breakthrough caused by this decline was also a major factor in the decline.
Bitcoin has been touching $30,000 several times since mid-May, when it plunged from its...
The crypto market continues to decline.
BTC has been devaluing its lows recently,
speculation that it will fall below $30,000 in the weekend.
Currently, BTC is moving at the lower limit of the descending wedge line.
It is a dangerous market that can be plunged at any time.
If it breaks below $31,000, it is expected to go down $30,000 at once. Also, even if...
Due to the upside of the U.S. Consumer Price Index announced on July 13, the dollar is rising. As a result, the crypto market plummeted.
Due to this decline, BTC will be on the lower wedge line. Pushed to around $31,500, but recently rebounded is returning to around $32,500.
However, in addition to various moving averages, the horizon around $34,500,
BTC was pushed by the risk-off market of Japanese and US stocks yesterday and has fallen sharply.
Even today, there are no signs of repulsion and it continues to stagnate.
Due to yesterday's fall, the formation of descending wedges was confirmed.
The price of the devaluation line will be around $32,100, seems that keeping this range will be a point of interest...
BTC continues to have no sense of direction, recently there has been a lot of good news.
Relocation of Chinese minors and increase of whales, and the point is that the inflow of funds to cryptocurrency related products is increasing.
Also, July performance was relatively good, with expectation of a short-term rise.
Currently, BTC is holding a triangle, result...
We will analyze the market price from BTC 4-hour bar today as well.
Although BTC recently broke through the $34,500 horizontal line and accelerated at a stretch, it plummeted due to the weight of the once profit-taking and the top price.
Before the announcement of important economic indicators such as US employment statistics ahead of tomorrow, the risk aversion...
BTC continues to decline.
It has finally fallen to $30,000, which is market conscious.From here on, the volatility can be quite high. As expected, easy shorts can be burned. Firmly strategically and while dividing into small lots where we want to aim for return sales.
If it falls below $30,000, it can plummet to $28,000. This level is a falling parallel channel...
This week's BTC has fallen for 4 consecutive days. A change from the situation where recovery momentum was rising, but fall back down once it touched $40,000.
Most recently, offense and defense have continued around $37,400. Whether or not it can be maintained in this price range will determine the direction of the medium-term market price of BTC.
If the price...
BTC finally recovered to $40,000.
Currently, it is moving in the ascending parallel channel. It has stopped rising at the channel upper limit line.
In the latest rise, it has broken above all moving averages, formed a complete support line, including the uptrend line.
So even if it can't go over $40,000 and back down, itt should stop falling around $37,500 and...
Recently BTC has become legal currency in El Salvador.
However, the impact on BTC prices is limited. It hasn't led to a big rise.
BTC has broken above all moving averages in 4 hours
The most recent resistance level is only the devaluation line. 20MA is also pointing upwards, and when forming a golden cross, it is more likely to rise further.
BTC has plummeted today and the market mood continues to be very bad.
It was reported that El Salvador would submit a bill to adopt BTC as fiat currency.
This can be said to be the purpose and goal of BTC's birth, and the discussion is about to begin.
Nevertheless, the reaction to the market is weak and it is not possible to repel. It has been suggested that the...
The cryptocurrency market has recently solidified its bottom and is gradually rising. Many coins, including Bitcoin, have a holding pattern. The greatest interest is in being able to break out.
The point is whether BTC can get out of the strongly resisted $40,000. Currently, it has risen to a value close to that.
From double bottom, MACD golden cross, RSI rise,...
XRP has shown strong movements in the last two days formed a large double bottom.
The neckline is around $1.1.
The market is paying attention to whether it can be exceeded here.
The other day, the SEC's request for information disclosure to Ripple was rejected. The market was favorable and soared.
Even in the uncertain market where the whereabouts of the trial...
We will analyze ETH, which is gaining a lot of attention now.
It dropped sharply in the latest plunge market, but the repulsive force from there is also strong and suggests that there are still more buyers.
Protecting the important lines of $2,000 and 100MA, the situation is showing a V-shaped recovery.
This momentum is up to the next conscious point of $3,200,...
Today's cryptocurrency market is totally repulsive.
ETC temporarily rose by more than 50% from the previous day.
However, it has fallen again in the latest.
The market environment is unstable.
Under such circumstances, BTC has entered a very important phase. It is a battle to keep at $36,000.
If it breaks below this level, the pessimism of the market will be...
Yesterday, BTC showed a historic crash. The impact is not limited to the crypto market, it also spread to the stock markets in Japan and the United States.
What I want to pay attention to is daily dead cross.
Even in the past bubble market, all start from the daily dead cross. It took a long time to hit the highest price again.
If you follow the same...