Hello, this is just a short analysis.
Bitcoin has started positive on the day and posted a Bullish engulfing yesterday, heading towards a positive week. I expect a correction to the upside to happen.
Target is at 20 EMA, currently at $24800.
Bitcoin has also found Fibonacci support at 0.786, 78,6% retracement at $17600 from $69000 to $3850.
Ethereum has formed a bearish flag formation as the flag forego bearish momentum.
Daily chart and 4-hour are both in strong downtrend, giving this forecast some confidence.
Break of recent swing low at $2570, should bring impulsive move slightly above $2400.
Toyota, valued 277B is worth almost 4 time less than hyped Tesla, which has it's market cap at 1070B.
Even though Toyota revenues for 2020 was 275B , meanwhile Tesla were just 12B . That's less than 20 times!
(Tesla has no data for 2021 yet, so that's why I compare 2020)
Yes, I do understand that Tesla is a one of kind with it's unique perks such as...
The current situation allows to draw a clear Fibbonaci retracements levels, which are drawn from the bottom of the daily downtrend and started an uptrend at pivotal level of $29300 , and ended at the new all time high at $69000 .
What the current Fibonacci tells us?
Key takeaway is that the current support is located at $44462 and...
If you are here only for the title , the answer is: ..only if the price action remains above 0.618 Fibbonaci retracement located at $3660 , then the price action is likely to move into to the 1.618 extension located at $6800 .
It's really incredible how Ethereum manages to hold such high value meanwhile Bitcoin is really struggling. Every time Ethereum has...
Bitcoin has formed a clear bullish divergence on the daily chart, which suggests a correction to the upside.
The 4h forecast seems to be forming a descending triangle with bias to break to the downside, however recently many bearish formations broke to the upside so I would rather stick with the divergence.
Break of pivotal level of $57820 will invalid this forecast.
Bitcoin has broke into a new all time high few weeks ago and since it has stalled quite a bit. Usually when price breaks into a new all time highs, it leads to extended gains immediately or gets rejected.
When we are speaking about coin large as Bitcoin, we would expect this reaction to be even stronger.
But so far the price has stalled as the last two week...
Bitcoin has broke into a new all time high today as of right now the top is at $67000.
Break of all time high is a superb bullish sign, however I am bit pessimistic about the short future.
You hear it everywhere, Bitcoin has broke into new all time high, everyone is superb bullish, even my friends which never touched or looked at crypto told me about it.....
The price of Cardano seems to be printing a falling wedge pattern, which has bias to break to the upside.
Support is located at $2.30, very close to current price where I decided to buy some after seeing this pattern occur.
The price continues to find support on daily 50 EMA, which gives me confidence that the daily uptrend will continue and find support the...
The price of Bitcoin is currently located in a pattern flag, which suggests that a certain momentum is being accumulated and we may see a strong move to the upside or downside.
Considering that this formation has been created from a leg up in uptrend, the bias should be a break to the upside.
A clear break of $49000 will be a confirmation, that we will continue...
It's funny to how people start to be bullish and start buying into Bitcoin and altcoins as they see the recent rally.
Remember, when everyone around you is bullish, is mostly a bad sign.
Bitcoin has formed a reversal Doji pattern which is expect to bring at least a correction to $35000 where the daily 20 and 50 EMA's are located.
Bitcoin has seen 8 positive...
“What is Bitcoin? A hedge against fiat currency.”
In the last couple of days, Bitcoin was being traded in the range from $31000 to $32000 meaning that the buying power is declining as it has failed to show a significant move from a test of valuable support level at $31000.
As $31000 isn’t attractive for buyers , I can expect a break below this level which...
The current price action is suggesting a clear trend of lower highs while the price keeps finding support on $30000 area, which is creating a descending triangle pattern with bias to break to the downside.
The current situation looks pretty similar to 2018, when the price was finding support at $9000 area and creating new lower highs.
The price of Bitcoin is currently located, stuck at the lower channel line.
RSI is suggesting a significant exagerrated bullish divergence to play out, pointing towards a correction to the upside. I believe this signal alone is confident enough to bring a correction to the upside.
MACD is way too oversold, asking for a correction higher.
The price is also a...
Bitcoin’s Dominance is currently located at all time lows. The lowest BTC dominance was at 35% when Altcoins were popping back in early 2018.
After the dominance started to increase, the whole market was taking hits especially altcoins.
Now the daily chart of Bitcoin’s dominance is suggesting that the dominance is again about to rise and this can mean few...
The price of Bitcoin has formed a flag continuation pattern on the daily time frame.
This pattern is ready to move to the downside as the 20 EMA was tested, meaning it has performed the oversold bounce successfully.
Alternatively, the price could be printing a descending triangle pattern with the same bias to break to the downside.
A break below $30000 will...