PatriceQuicho-Santiago

PatriceQuicho-Santiago

These past few weeks, we have had a 69.82% decline from the all time high of 20,089.00 on December 17, 2017 to a low of 6,048.26 on February 6, 2018. And everyone around the world is watching. These past few days we have seen very bullish movement from BTCUSD. The MACD indicator is bullish. RSI is above the oversold levels. DMI looks like there will be a cross...

PatriceQuicho-Santiago

BTC has not broken the trendline yet. These past two days has been quite optimistic. Volume was high. RSI hit oversold and is now reversing. MACD looks like it will be reversing as well. 15min, 1hr, 4hr has already formed higher high and higher lows. We still need to wait for the reversal to be confirmed before the bears goes away. Until then... ***** Only...

PatriceQuicho-Santiago

Last weekend, a lot pf people was watching in anticipation for the BTCUSD bulls to kick in. It has formed a higher low and a higher higher. Unfortunately, the bulls were not strong enough to push it further up. BTC was not able to bounce from the support level: 11,000-11,100. BTC continues to decline. The next support level to watch is 9,400-9,500 level. This is...

PatriceQuicho-Santiago

Last week, I have published this same chart citing that BTC/USD is in a downtrend with bottom that may be as low as 3400-3500 level. As of today, BTC/USD has found support at 11470-11480 level. The volume is still low and there is no confirmation yet that the trend has been broken. BTC/USD needs to break support level 13400-13500 and 14729-14735 level to...

PatriceQuicho-Santiago

The trend based on the daily chart is bearish. It will be hitting the support around the 3400-3500 USD level before the end of April. Unless the chart forms a higher high and a higher low, BTCUSD (and maybe the whole crypto market) will be bearish. The last time that we have seen this movement was back in 2014. The market was at all time high on Dec 6, 2013 ...