Bitcoin's recent breakout from the 13000 range has formed a wedge and we are approaching the end of that pattern. If we break down, look for bitcoin to go down to the 13500 level where it has support at previous resistance levels. If we are able to break out of the top of the wedge we will see highs of around 17000 or more. Wait for a break out from the wedge...
Get ready. BTC just bust out of the top resistance channel. We need to print a daily candle above this resistance and it's confirmed bullish breakout. Next resistance is all time high. Look for a clean rise in the coming weeks. Just need one daily candle above 14800.
Currently BTC is in a consolidation period. We are trending sideways while the market decides what it's doing. Particularly in regards to stimulus in the US. While I don't believe there's full correlation with the stock market, BTC does show an initial hit when things like covid affect businesses or stimulus comes out. When events like this happen, they initially...
Get ready, BTC has just broken out of it's short (1hr) time frame wedge. If it can break the next trend line with this short term momentum then it's bull run time.
Bitcoin is testing it's current trend channel. A break above the top green line and I could easily see BTC reaching 15k in a matter of days (possibly hours). On the daily chart, notice the trailing wicks I've marked with arrows. Think of them as strength indicators towards a trend in the opposite direction. The longer the wick, the stronger the push. Now notice...
If we punch through the top green expect some day trader btc calls.
If you were around the crypto space in early to mid 2017 you'll remember ETH had a hard time with the 300 level. It would move up then correct back down. Then go under and move back up. It flirted with the 300 - 330 level forever before finally making its move. Well now we are back. But things aren't like they were back in 2017. Crypto as a whole has grown. Gone...
We have a bearish flag that BTC has been following. However, we also have the 150 moving avg forming a golden cross formation with the 200 moving avg. Not your usual golden cross with the 50 ma crossing the 200 ma but none the less it could provide some boost to BTC. This means it's decision time for BTC and it could go either way. If BTC pops through the top of...
Ethereum has just broken through its bearish downtrend and is about to start a new trend. The downtrend started in early Jan. 2018 and hasn't been broken since.. until now. A Golden Triangle has formed with the 50 day moving average crossing through the 200 day moving average. This is another bullish sign. Look for ETH to rise to at least the $200 level. Though...
In the short term we will reach 6000 soon. The golden triangle formation is going to help push BTC there. I would look for a dip after we touch 6k. Have a good day.
You can see the 50 Day Moving average (Orange line) is fast approaching the 150 Day MA (Red Line) to form a Golden triangle. You can also see that BTCUSDT has broken out the top of its previous bullish channel (blue straight lines). There is a good chance of more bullish movement if the 50 MA crossess the 150 MA. IF that formation takes place in the coming day or...
I'm calling for as high as $5650. We are going to test the climb after a short sideways action.
BTCUSDT just passsed through a huge resistance level. Time for some growth. I know a lot of traders will put the next resistance a lot lower (4200-4300) but I don't see any reason why it can't go higher to the next psychological level of 5k.
BTC is on the verge of testing a long time downward trend. I've drawn a wedge with the bottom consisting of it's all time growth trend and the top it's current downward trend. We are closing in on the end of the wedge, which means decision time. Very rarely does the price go into the end of the wedge. It usually breaks up or down before that point. We are...