After a short squeeze on the "tether is scam" news, the market began to stabilize.
The current situation with BTC indicates the formation of a possible (local) triangle model, out of which both up and down is possible to exit.
The boundaries of the midterm model of a larger triangle still remain relevant, as well as the logical development of the situation with...
The price broke out of a large triangle model, which, apparently, turned out to be a bear trap.
At this stage, you can safely look for longs. The model objectives are outside of 8500. Look for enter points on the local correction.
The target level of purchases located in the range of 7000-6800.
The price went down out of the local triangle, giving no signal to action.
At this stage, it is clear that the BTC didn't leave the area of the maximum volume during the correction from 20,000.
Since the decision about the ETF is scheduled for October 26, the whole plunge could be false at this stage, and the price will return back to the range of 6500-6700 or...
Bitcoin quotes still remain in narrow trading ranges.
The marked market models (local and medium-term triangles) have not been pierced to this day.
Our position does not change relative to the position of the price of digital gold.
As before, we consider it a topical idea to break through graphic models with objectives to increase the value of the asset to...
The price of Bitcoin continues to narrow the range of volatility, forming a triangle in a triangle. We have identified on the chart zones of double Fibonacci levels, which are most of all under the price, rather than higher.
The edges of possible graphical formations are built.
Paying attention to these details - they made an action plan, which suggests another...
In the last idea, we defined for ourselves the framework of a market model, such as a "triangle".
The price of bitcoin 0.19% is moving slowly, which gives once again and a reason to think about the current picture.
No matter how much the majority of market participants wish, we are inclined to the side that the price does not fall below 5900.
At the moment...
The range of fluctuations in the price of bitcoin narrows into a triangular formation.
If you look at the daily charts, you can notice a similar situation regarding the intraday.
"The spring contracts." Soon a very serious period of volatility in the markets of crypto-currencies may come.
We are considering buying on the range 6500-6300.
BTC began its recovery by testing resistance at 6700.
If the price stays above the level of 6600, further digital gold growth is probable.
6900, 7200 - possibly the new levels of the correction of the market.
Looks like that for the breakdown of high volume resistance level at the level of 6400, a longer correction of the entire range of 7400-6100 is required.
Once again BTC tests the active volume level of 6350.
The range between 6550-6650 with low accumulation (Fibonacci 0.61) is currently appearing. There the market maker position correction is possible.
Fund's position is short loading in range between 6550-6650 with targets below 6000.
BTC was pushed higher, creating another volume resistance / support level at 6700.
The current nature of the price change indicates the formation of an upward correction model for the movement in the past from 7400 to 6100.
We assume that the local growth is not over yet and the price will test the levels of 6900-7100, where the beginning of the short-term bearish...
Tthere were some events recently that led BTC 3.65% in an unstable situation.
The reason was quickly expounded, although it is clear from the nature of the price behavior that this was a planned manipulation against market participants.
At the moment the market is stabile. The price is above the wide resistance. Above there is an "open window" (up to 6800 and...
Within the previous idea one of the assumptions was testing of the resistance levels 6300-6200.
BTC Price successfully bounced and at the moment consolidates near the important level of 6350.
If the price will get out of the consolidation channel to the levels of 6400-6500, then on the return to the levels of 6400-6300 our fund, as planned, is going to load a...
After the rebound from the bottom, a certain momentum was formed (currently is being corrected), creating a wide sideways trend in the form of a triangle.
Above the range is an "open window" that can accelerate growth in the future to the next volume resistance at the Fibonacci level of 0.618.
It is also possible that the range 6300-6200 will be tested again,...