Another scenario that may please Bitcoin holders.
If we see this scenario, it will not only shake the nerves of traders but also their wallets.
Now Bitcoin is following the scenario that we noted with you earlier here
This is the correction in the form of "flat" relative to the...
What's going on with Bitcoin? This is the end? Has a bearish cycle begun?
The first cryptocurrency continues its rather aggressive fall and, if you look at the situation locally, from a historical maximum of 69k. then we have an obvious initiative on the side of the bears.
In fact, Bitcoin has already lost more than 50%.
Moreover, the last price drop has shifted...
DOT lost 60% since ATH, is it worth buying?
As you can see on the chart, DOT is still inside the ascending channel, and now the coin is trading at its lower border, which is a support or demand zone. In other words, we have a precondition for growth.
Since the moment of the historical maximum (marked with a black tick on the chart), we have seen a decline, and...
Since May 12, when COMP reached its all-time high of around $840, the coin has fallen by 80%.
The current decline can be simplified into the correctional structure of "ABC", and we are now in the conditional wave C.
To be sure that the corrective cycle is completed, we need to see a five-wave lead-in structure, until then we can allow a decline to the $140...
For the third time, the coin has been trying to overcome the resistance in the region of $ 46 and has so far been unsuccessful.
But now there is already a formed divergence on the indicator (MACD) and this is a prerequisite for a price decline.
On the other hand, globally reversing the trend from such an obvious resistance level (red line on the chart) is not at...
The chart shows a trend that starts around May 19. You can see rising lows (marked with red checkmarks) and rising highs (marked with black checkmarks).
Locally, if we consider bitcoin from a historical high, the initiative is completely behind the bears and since then the first cryptocurrency has lost 40% of its value.
The price is very close to an important...
The coin of the FTX exchange indicated a potentially promising structure for growth.
From December 17, you can see an impulse that resembles a leading diagonal, which in turn can be, like wave A in the correctional structure of the ABC (this scenario is marked in red), but also this leading diagonal can only be wave "one" in a more significant impulse of five...
What to expect from Bitcoin in 2022?
Briefly about Bitcoin in the new year 2022
New Year is just around the corner, so let's make a little positive :)
On the chart, you can see a five-wave structure. This concept is based on the Elliott Wave Theory, where we run out of growth at the end of the fifth wave.
At the moment, you can see that Bitcoin clearly lacks...
Ether has prerequisites for a fall.
Several prerequisites for a fall are noted on the chart:
- The first negative point is the local initiatives of the bears. Highlighted with red dots. You can see the lows and highs going down - that's not good.
- The second negative point is that the price is kept below the moving average (market participants are ready to sell...
"The bulls are still in place ... locally, the initiative is behind them, but this is only the beginning."
On the chart, you can see that since December 20 we have had an uptrend, which means that the lows and highs are increasing (marked with green dots)
This means that the area that we marked earlier in gray, where the bulls should have activated, was...
The bears have taken the initiative, what's next?
In the previous analytics, we had two development scenarios: green (positive) and red (negative)
The trigger was the level of 53k. which, in the case of a positive scenario, should have resisted.
Now the main scenario is a bearish one, which takes us deep enough that it will not be surprising if we see a price in...
"After the ATH, the bulls took time to breathe - the bears are in charge." Part 2
In the previous analytics, we talked about the fact that Bitcoin looks weak and the local advantage is on the side of the bears. Since then, Bitcoin has lost about 30% in value. Also, a key minimum was identified for which the bulls will need to fight more actively so that the...
"Not a bad place where the market can decide where Bitcoin is moving next ... to 70k or 40k"
We got the expected rollback, which fit both the scenario marked in green and the scenario marked in red.
Now it will be interesting to see if the bears will be able to push the price below the current level (black line on the chart)
If the bears manage to do this and...
"UNI is stuck in a triangle. Perhaps the best solution would be to stay out of action.
But if you choose a side, then it is better to join the bulls."
The coin is in a huge triangle and is now trading at its lower border, which is dynamic support.
Triangles are not the easiest patterns to trade, the probability of the price going up or down is usually 50\50,...
"After the ATH, the bulls took time to breathe - the bears are in charge."
Reasons for a further decline in the price of Bitcoin:
- As you can see, the price is already trading under the moving averages, which tells us that bears dominate in the 20-day distance. (the longest moving average of the three has a period of 120)
- You can also see that the price is...
"Ethereum is still in an uptrend, but there are prerequisites for a further decline"
First, let's look at the picture from a positive point of view.
1 - The coin is updating its highs and lows, which means the trend is still up. This means that we are more likely to be satisfied if we looking for purchases
2 - If we assume that Ether not so long ago left the...