There is a famous saying that " A Tiger takes a step back before it jumps forward" ,
it seems to be applying on the Bitcoin trend now a days.
As we can see the DMA charts, the 100 DMA line has already crossed 200 DMA line
and also the 20 DMA line is acting as a support to the price .
Also we have drawn a probable DMA line and a Price Trend line...
we are back with another analysis to help you better in your trade strategies.
Today we are going to discuss the analysis of ETHEREUM.
So according to DMA's charts we can clearly see that that a strong upward
trend is forming in ETHUSD.
we have seen in the later last year that the 20 DMA line has been rejected
But in the starting of the...
Hope you are liking our analysis so far.
Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts.
And is giving a strong signal of bitcoin being bullish.
As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on
25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200...
Hello Everyone! Hope you are doing well. Wanted to show you something which is very simple yet very interesting.
Let us look at the Daily chart and put Daily Moving averages 50 and 100 and see what chart shows us. These 2 MAs have given us some of the best moves in history and i will explain how:
When 50 DMA (Orange line) crosses 100 DMA (Green line) upwards,...
Hello Everyone, hope you are liking the analysis that i have been posting on Bitcoin and Ethereum.
Bitcoin run has been the best thing that has happened in this new calendar year. Now that we are over 9000$ for the 6th time, Let us look at Bitcoin from monthly perspective. It clearly shows that hurdles that Bitcoin has towards 10000$ and beyond.
We are currently...
HERE WE SEE A STRONG BULLISH TREND FORMING AS PER THE DAILY MOVING AVERAGES, BUT WE ALSO SEE A RESISTANCE AT $9150 , IF WE BREAK THAT RESISTANCE WE WILL GO FURTHER HIGH AND WILL SEE THE NEW HIGHS OF 2020.
Nothing much has changed since my last idea update on ETHBTC. Things look Bullish af !
I feel we will soon break upwards and give good profits.
LMACD is also pointing towards bullishness and has not lost strength.
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Let us look at BINANCE:ETHBTC chart.
ETHBTC has broken a Big falling channel pattern which it formed since Dec'18. It took over an year for Ethereum to break it and this is a very bullish signal as i see.
There are still lot of resistance zones upwards however i think ETHBTC would be able to break them easily going forward. A very nice trigger to say that...
Let's look at the market and see what it is showing us currently.
We can see a big rising wedge has been formed and has reached a pivotal point and we might soon see due correction in price of Bitcoin. I expect the price to fall to demand area of 8050$ to 8400$
I have published a similar idea as can be seen below which suggests that market would...
Let us look at what chart is throwing at us.
We can see a Hidden bearish divergence in daily chart of Price and RSI of XBTUSD .
While price has made a lower high, RSI has made a higher high.
Also, we can see that 8800-9000$ is acting as a very strong resistance zone and is acting as a historical S/R line.
If $XBTUSD corrects from here, next area to look out as...
Let's look at the market from the daily timeframe point of view. Also, let us look at some of the indicators as to what they are indicating.
1) Bullish engulfing candle on 18th December'2019 indicates a strong bullish reversal trend.
2) RSI is giving a bullish signal in the form of Bullish Divergence. Strong bullish signal.
3) When we look at LMACD, it has also...