💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is now testing the previous trendline resistance -If this area of confluence turn into new support in the next few days -Then BTC will have a higher chance of going back above 40k dollars or higher -On the bearish side, if a daily candle closes below this support region -Potential test of weekly support level...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin may have found new support around 42k dollars -And a new resistance zone at 45k dollars -We can expect BTC to consolidate within these two areas of interest -I am expecting a sideways action for the remaining weeks of this month -As for the Altcoin space, they are in mixed condition -Some coins are moving up strong...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin finally broke out the midterm descending channel -The bulls also manages to overcome the resistance at the 40k dollars zone -This is a good sign in terms of price action for this month of February -If we are looking for a potential new support area is somewhere near 40k level -Many Altcoins are starting to print a...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin is rejected at the previous key support area and EMA 19 -A bearish engulfing candle is printed yesterday closing price -If this downward move continues, the potential support is somewhere 34k dollars -It is really hard playing swing trades on the spot market with this type of condition -So please be careful holding...
💎Technical Analysis Summary💎 BTC/USD -Bitcoin is making a series of mini higher lows on the daily time frame -If we plot a trendline of support, it looks like an ascending channel -This is technically bearish and considering the previous support is just a few percent away -Be careful because the price is about to test the important daily EMAs too -If BTC faces...
💎Technical Analysis Summary💎 BTC/USDT -The bitcoin weekly time frame is now testing its last area of support -Also, partially/almost filling the CME gap today around 32k dollars -Based on price action since November 2021, a series of mini consolidations and breakdowns -We can easily plot a red trendline resistance from the 69k dollar top -If BTC repeats its...
💎Technical Analysis Summary💎 BTC/USDT -Regarding my previous BTC update, we saw multiple bearish price action -Today, the triangle is confirmed with a downward market direction -I don't know how far down Bitcoin can continue -So if you want to play on the safer side, please wait for any reversal signs -Trading altcoin on spot market is at high risk for the...
💎Technical Analysis Summary💎 BTC/USDT -Today's update is looking at the 12h time period -In terms of price action, this is technically bearish -We can see a series of lower highs and flat areas of support -The support becomes weaker the more it gets tested over time -We saw what happened last January 5th, the price broke its support -If this bearish triangle...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin closed the weekly candle above the key level again -So far, it is holding it up but the bulls are still not safe -This can be another potential mini bear flag -We need to look at both sides of the market -So we will not be committed to 1 bias only -I am patiently waiting for a good sign of trend reversal -But I...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin in the lower timeframe is showing its strength -The price broke above its key resistance at 43k dollars -If BTC can hold above the support area within the next 48hrs -I think the chances to retest the higher 45k dollar increases -Despite this short term upside move of BTC -Many altcoins are still in their bearish...
💎Technical Analysis Summary💎 BTC/USDT -It looks like the Bears have won the consolidation range -The potential bear flag is likely confirmed with 2 days left before the candle closes -Before this breakdown, we saw many bearish price actions or signs of weakness -The price created a new lower low breaking below 42k dollars -The market is currently in a...
💎Technical Analysis Summary💎 BTC/USDT -It is not a good weekly candle close for Bitcoin -As the price is back at the floor of the trading range -Be careful because by looking at the price structure -This can be a potential weekly bear flag and the target is around 38k dollars -Since this is on the weekly time period, this can take days or weeks to...
💎Technical Analysis Summary💎 BTC/USDT -My previous update last December 23, expecting the bulls to hit push 52k dollars -But as soon as the price entered that region, the bears acted defensively -We saw two bearish rejections and finally the bears manages to bring the price down -Today, Bitcoin is retesting its key level of support which is not a good sign...
💎Technical Analysis Summary💎 BTC/USDT -The bulls may have found support on the weekly key level -The 45k region acted as new interest for the buyers -Also, the confluence of 50W Moving Average may have added defense -Most likely, Bitcoin is safe for the next few days -Potentially consolidate at current market price and form any bullish pattern -On the other...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin finally broke above the trendline resistance -on the 5th retest, the strong resistance has been a breach -But before this strong move of BTC, there is a double bottom pattern -BTC bounces twice at 45k support region and pushes as high near 50k -If we want to see the bulls continue, the current price level must...
💎Technical Analysis Summary💎 KCS/USDT -KuCoin token has still held above previous resistance for 15 days now -Respecting the important EMAs19/23 as the candles close above this moving averages -This is technically a good sign because the old resistance may flip into new support -Since BTC is moving in range for the past few days, the KCS coin has the potential...
💎Technical Analysis Summary💎 BTC/USDT -From the BTC update yesterday, the price retested the horizontal support again -This is not good because the support gets weaker over time -We could see another bounce reaction here or consolidate a bit -Before deciding another move, technically, this price action is bearish -Still, be cautious everyone, especially the...
💎Technical Analysis Summary💎 BTC/USDT -Bitcoin on the short term view is showing a bearish price action -The price is respecting the downward trendline resistance and EMA 23 -We can also see a horizontal key area of support around 46k dollars -If the new 49k resistance level is unable to invalidate in the coming days -BTC might retest the flat support zone for...