💎Technical Analysis Summary💎 BTC/USD -Bitcoin defending the Fib 0.5 level or 40k dollar zone -The price bounce up by almost 12% today which is a good sign -We can see many altcoins are also finding their new support area -This could be a good positive view in the coming days -Bitcoin is about to retest its previous support of around 44k-47k dollars -If we can...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin hit the mid support around 40k dollar zone -This area is a confluence of the 100D MA and Fib 0.5 -We can see the price reacted bullishly on this level -The bulls immediately bought the dip within few minutes -This is a good short term strength but still not enough -We need to see BTC holding above Fib 0.5 for at...
💎Technical Analysis Summary💎 BTC/USD -Things went bad for Bitcoin today as the price is back at the neckline support -The price declined by almost -14% from the Right Shoulder swing point -The overall market received a negative impact which leads to multiple stops out or liquidation -I am technical out of my swing trade positions at a small loss today -Getting...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin broke out of this bullish descending channel today -As the price reached as high as 48800 dollars -The previous 46k dollar resistance area did turn support -If BTC can hold above 47k dollar, I think the chances to go up increases -My short term upside target is up to 49.7k-50.4k dollars -For now, everything is...
💎Technical Analysis Summary💎 ETH/USD -Ethereum today shows a good sign as the price broke above 3.5k dollars -We can also see the 50D Moving Averages has been respected twice recently -What we like to see is to flip the recent resistance to new support in the coming days -If that happens, we might see a retest of recent swing top resistance around 4k...
💎Technical Analysis Summary💎 BTC/USD -After an extreme price action yesterday liquidating both high leverage long and short positions -Bitcoin today is showing a little strength as the price is trading above the MA50 and MA200 -This is a good sign to the market because I can see some mid-cap to low-cap coins are recovering -If BTC can maintain above 46k for the...
💎Technical Analysis Summary💎 ETH/USD -Ethereum today is starting to show signs of strength -As the price is now holding above the Fib .382 level -The .382 Fib is a confluence of previous price action last August -The 50D Moving Average is now entering the important short term support area -If Bitcoin will remain stable this week trading action -I think ETH will...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin today's price action is still respecting the Fib .382 support area -The 50D Moving Average again acting as a dynamic support range -The bulls need to act fast and regain above 46k level to bring back momentum -If we want to see any signs of strength, the faster the 46k is regained the better -At least 2-3 daily...
💎Technical Analysis Summary💎 ICX/USDT -This coin ICON has dropped as much as -37% due to BTC volatility recently -The good news though the price retraced to Fib 0.5 level with the confluence of S/R area -There is still a chance for this coin to move up for the midterm action -Provided this current area of support will remain valid for the month of September -We...
💎Technical Analysis Summary💎 ETH/USD -Ethereum is holding above the important S/R area -This is a good sign in the short term action -If ETH can maintain this area for at least 3-5 days -I think we will have a good chance to retest the 3.8k -That is the best scenario if Bitcoin will remain stable too -Because once BTC starts consolidating in a range -Altcoins...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin price drops by almost -20% hurting the overall market space -The price touches the mid support area and we can see a strong reaction -The 0.382-0.5 Fib area is a confluence of the 50D Moving Average plus S/R -We can say the 52k dollar is the new swing top needs to break -And Bitcoin is ready for a longer...
💎Technical Analysis Summary💎 CLV/USDT -Clover Finance is having an issue breaking up higher -Due to a strong daily key resistance area around $1.8-$2.0 -The good news though the price is respecting the short term EMAs -If you are playing conservative on this type of scenario -I recommend waiting for the breakout confirmation -With this type of approach, you...
💎Technical Analysis Summary💎 ICP/USDT -Internet Computer has finally broken the daily resistance area -This is a good sign after 30 days consolidation above 54 dollars -If the bulls can turn the old resistance to new support -Then expect a further upside move up to $100 or higher -By looking at the structure above, the potential strong resistance is at...
💎Technical Analysis Summary💎 BTC.Dominance -The BTC Dominance chart level has reached my previous target -The Dominance 41 level is the support last June 7 before a run-up -The price is reacting to this area but not enough data to back up for a reversal -If the BTC Dominance level holds this area for a few days -Then expect a potential bounce up to 42-43...
💎Technical Analysis Summary💎 DOGE/USDT -DOGE found support at the key areas around $0.26 -This zone is a confluence of Fib 0.382-0.5 levels -Also, the 100MA acted as support as well for the past 9 days -If this mini trendline breakout will receive more follow-through -I think the next potential target is up t $0.35 or the recent swing top -Be sure to follow...
💎Technical Analysis Summary💎 ETH/USD -Good job for the ETH bulls after breaking out of the resistance -The EMA19 is the daily guide during its consolidation at around 3k dollars -The next stop for ETH is 4k dollars for potential new All-Time high levels -Congrats to everyone who bought the breakout confirmation -Please make sure to have a stop loss in BE or...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin respected the EMA19 for the 4th time -This 46k-47k area is now confirmed as a key level -Currently, BTC is trading just above 50k -The daily wick resistance is only a few dollars away -Very good sign for the overall market space condition -If BTC can hold above 50k for at least a week -I think the next stop is 53k...
💎Technical Analysis Summary💎 TLM/USDT -Recently, the price is rejected by the daily resistance -Today, TLM is trying to break the resistance for the second time around -If we can see a bullish daily candle above the 0.37 - good sign -I think this 37 days consolidation will finally continue its uptrend -The upside potential can reach up to 0.70-0.80 -I'm happy...