*Part 2* Morning BTC Update: The neckline is being breached on the 4h chart as you can see by the yellow arrow pointing to our current downward movement. We still have not found a strong bounce level where bulls are waiting to take the price higher. We broke the 618 fib level support at $8500. We've broken through the daily 50 MA line (shown in previous charts)....
*Part 1* Morning BTC Update: Today I'll be illustrating a different reading based on trend analysis. Since late February 6th - April 9th you'll see that I drew 4 different patterns of movement (blue > gold > green > red) And now I see a similar trend playing out drawn above from April 10th - May 16th. We've completed the blue > gold > green patterns and now we're...
Good morning friends! Let's get to the April 19, 2018 BTC analysis. What we have above is the 1D BTC chart. The previous days candle was a bullish engulfing candle. This typically indicates an extended bullish movement. And the fact that today's candle has opened higher than the previous day's close is indicative that we are temporarily bullish. As you can see...
Hello friends! Welcome to the Cryptosomniac daily BTC analysis. I'd like to first point out that I am neither bearish nor bullish. I simply analyze the charts and provide meaningful insight. The analysis gives probabilities not predictions. Beyond that, price action rarely goes straight up or straight down. Be patient and look at the bigger picture at play. So...
Good morning folks! I've got three charts above. The left chart is BTC/USD 1D, the top right is BTC/USD 1W, the bottom right is the BTC/USD Shorts 4h. Let's start with the BTC 1D chart on the left: As you can see we opened the new daily candle last night quite strongly with a $250 bounce. This may have happened due to the fact that we had been moving sideways...
Good Morning folks! Let's get to our BTC analysis. Above we have the BTC/USD chart 1h on the left 1d on the right. The immediate term 1h chart shows us that we found a strong support at ~$6450 range. After this we bounced up strongly and have been bouncing strong for the last 2 days. We currently sit at the $7300 marker. As you can see we are forming a nice bull...
Good morning friends! Let's get to the BTC/USD 1D chart. As you can see I've illustrated the price and % gains since last year and the subsequent pullback of those gains. This is just to show you that if you have not experienced massive corrections, that is how they work in BTC.The most recent gain you see is one that stems from July 2017 from ~$1800 level to...
Bitcoin is going sideways with highlighted crticial support levels and 100 day moving average resistances
See notes on chart! I used VTC/USD because the price fluctuations in BTC
Lisk one hour interval, Wave trend says buy, Triangle forming, MCAD may cross soon
Bitcoin has a decision to make. The cross appears to be at September 26th. No telling if it will break out or break down but something to keep a close eye on.
Using the last wave as a starting point I have created this
See Notes on chart!
See notes on Chart!