TradingDesk_TransferoSwiss

TradingDesk_TransferoSwiss

The bitcoin price has been in consolidation within a broad range 9000-13000 for the past 9 weeks. As we see in the daily chart, the sell off from the past days wasn't enough to push the price below the support 9400, which have been working as a strong support for the past weeks. We can also clearly see in the daily chart that an ascending triangle has been formed,...

TradingDesk_TransferoSwiss Updated 

As we see in the daily chart, a bullish flag has been formed. The flag results from a period of consolidation after vertical rise, suggesting that the bullish pressure might continue in the short-term. After flag's breakout, the market usually replicates the length from the first leg. This upward movement would lead the price up to first target at 15.400 and...

TradingDesk_TransferoSwiss

After reaching the support at 9400, the bitcoin price has left 3 indecision candlesticks in the daily chart, which might suggest a short-term upward reversal. The support at 9400 is an important price level, since it represents the last bottom in the daily chart and closing below this point would confirm the short-term downward trend. However, it seems that the...

TradingDesk_TransferoSwiss

As we see in the daily chart, the bitcoin price has reached and respected the previously traced pivot point around 10.546, which functioned as a resistence. At this price level, 3 indecision candlestick patterns were left, before the bitcoin price continue to fall. The bitcoin price now has clear path to reach the next support at 8.782, however, is interesting to...

TradingDesk_TransferoSwiss

According to the Bitcoin daily chart, a short-term trend reversal that started on july 10th by a double top pattern at support 12.929, was confirmed yesterday when the bitcoin price dropped below 9.986. The breakout of an important ascending trendline from April with high selling volume confirms the bearish force in this moment at the bitcoin market. Once this...

TradingDesk_TransferoSwiss

Chart crosses down through the ascending line formed since April 2019