RollingBoat

RollingBoat

The trend is upward and BTC has managed to break the previous resistance around $7000. Even if its value would decrease again over the next few days, there seems to be a robust support around $6800, as BTC's value has been slightly fluctuacting around it since the beginning of the month. Taking a look to MACD index, its pattern is showing a similar behaviour...

RollingBoat

BTC managed to break the resistance, but how long will it last? If it continues to increase in value, or at least stabilize around its current value, it could mean that BTC has found a new support to undertake even greater growth. Otherwise, we may see further falls in value in the coming weeks. However, as the halving is approaching and current behavior is...

RollingBoat

Over the past two days, BTC has grown in value, but it seems unlikely for it to break the resistance around 7000$ yet. The RSI is trending up, however its increase looks likely to be just temporary, also considering how the MACD chart is setting. If BTC value (as well as RSI) will bounce again and continue its downtrend, it could be a sign of retracement. In...

RollingBoat

Yesterday BTC has showed a bearish behaviour, matching the pattern identified in my previous analysis (27/03). If this trend continues approximately over the course of the next week, it could be a sign of a retracement anticipating a following stronger bullish trend. According to my previous evaluation, entering a strong and supported bullish pattern would lead...

RollingBoat

BTC has found a good support over the past few days. Looking back at the period November 2019 - February 2020, its value experienced a few ups and downs before entering a bullish trend, represented in my chart with an ascending triangle. Considering also the comparison between the current and the past behaviour for both MACD and RSI, there could be a similar...

RollingBoat

It seems that BTC has managed to escape the downtrend that it was entering. Yesterday I tried to identify a pattern on the basis of the way the scenario was developing. However, it seems the graph is entering an uptrend which can be considered as composed of sub-stages made of three phases: 1) Uptrend (Green) 2) Downtrend (Red) 3) Bouncing (Blue) An interesting...

RollingBoat

I identified a pattern repetition between the current situation and the market behaviour from February 18th to February 27th. The market showed a downtrend in the mentioned period, divided in the following steps: 1) it started with a steep decrease in value of approximately 10% , bringing BTC value from 10300 USD to 9400 USD in one day; 2) then the value rose...

RollingBoat

I tried to identify, on the basis of the current trend, MACD and RSI, what could be the behaviour of BTC over the next two-three weeks. I identified two possible behaviours: positive and negative. The first case would generate the pattern represented with the "Positive scenario" provided, starting with an ascending triangle and shifting to a bullish ABC pattern....