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...
The price action of 4h time frame Bitcoin chart has formed a bear flag which is bearish continuation pattern.
I expect the price to drop at least $34000 per Bitcoin.
Next bearish target is at $33400, ultimately followed by key support at $30000.
As you may know I am bull myself, only a spot trader so I look just for moves to the upside to take trades, but...
The price of Cardano has formed a rising wedge pattern on the 4h time frame which has bias to break to the downside.
The break to the downside is expected to reach $1.45 - $1.50 resulting in almost a 20% drop.
MACD shows signs of exhaustion as the buying wave now lasts for 3 days, a corrective one is expected.
RSI failed to hold above 60, meaning bullish...
I still remain bearish on Bitcoin as there is no clear reason to be bullish aside from the weekly weak uptrend as the price keeps on finding support at $33500, 50 weekly EMA.
However finding support at 50 weekly EMA isn' some thing which has been in Bitcoin history bullish. The fact that Bitcoin broke below 20 weekly EMA meant a trend change unfortunately.
The price of Ethereum has formed a flag formation, which has been formed from a leg
down, meaning it's a flag with bias to break to the downside.
If the price finds support at $2250, it still has potential to change the trend.
However a full candle break below $2250 can lead to some serious losses, so be careful.
A break below $2250 will see extended losses to...
While it's true that Bitcoin has formed an inverted head and shoulders strong trend changing pattern, I am not really confident about it breaking to the upside.
Why? Because the upper neckline is formed by a downtrend line, rather than a horizontal line. Meaning there is a trend of lower highs.
So I am not buying yet back into crypto market with my spot...
The price of Ethereum is likely to create an Inverted head and shoulders pattern which is known as a strong changing pattern.
As the overall 4h trend is a downtrend, the pattern is spot on. As I spotted this possible pattern today, I sold my bags at $2836.
The plan is to buy at $2400. If Ethereum breaks below $2400 sharply, I will be buying back a break above...
Same as Ethereum Bitcoin has formed a falling wedge pattern with bias to break to the upside.
The strong 4h uptrend remains strong as the price continues to find resistance at 20 blue EMA.
A break of 20 EMA at 36800 will very likely push the price at least to 50 EMA at 40500.
The price of Ethereum has been spotted in a falling wedge pattern which has bias to break to the upside.
This pattern breaks to the upside even in downtrend as such. If this pattern breaks to the upside, it will be considered as a trend changing pattern.
The 4h trend is now a clear downtrend as the price continues to find resistance at 20 EMA.
RSI trend of...
Hello my small TV community!
Today I've prepared a chart where I will be showing you my approach to current Bitcoin price action and how I usually trade.
I love to trade ranges as I have a lot success with them, not only with Crypto assets.
Usually I am not opened to all four trades, (usually I just follow the trend, when the overall trend is uptrend I just...
Ethereum seems to be forming an ascending triangle pattern with bias to break to the upside.
There is a clear uptrend line which can be spotted and also RSI uptrend.
I am looking just for a small trade.
I entered at 3380, will be taking 5% profit below 3540.
The price of Bitcoin has been spotted in a bull flag with bias to move higher.
I expect a test of at least $59000 per BTC.
Hourly trend is a strong uptrend with primary overall trend being an uptrend.
MACD is about to give a buy signal and RSI is breaking out into a bullish momentum zone.
Alts may bleed a bit if the move to the upside is too strong.
DOGE has broke today into a new all time high and by breaking last resistance at $0.50, DOGE can easily reach one dollar per one coin!
I remember few months ago, in december DOGE wasn't worth even a tenth of a cent! And now it's being traded for half dollar.
All in all, the market mood is still strongly bullish.
I expect this wave to reach at least $1
Binance coin has closed 4h candle today in new all time high, making first close above $600!
These are very bullish news and I can solely on this can say that BNB will move higher.
Price broke above pivot high at $613.9
RSI found support at 60 and continues to move higher meaning demand is increasing and momentum is present.
Daily MACD is about to give a buy...
NZDJPY is approaching key pivot resistance at 79.212.
As the price of NZDJPY is approaching this resistance from an overextended move without proper correction, I expect this test to fail and a higher correction to be seen.
Short the resistance.