Trend Analysis:
The Bitcoin price has seen a nice steady rise since the 31st of August, but now we are reaching another critical moment. We are testing the next resistance level and if we could breakthrough, we could be headed up to 12k. Unfortunately, though, a bearish divergence is happening on the 4hr chart. Usually when this is spotted, it means we could be...
Trend Analysis:
On the 1D chart, the Bitcoin price is following a simple ABCD pattern. The price reached a new short-term high but is struggling to break past the next high at ~$10,900. The price will continue to test this until it breaks it or just falls back down to the mid $9,000s. We are at a crucial moment because once we break out of this triangle, it will...
Trend Analysis:
Bitcoin broke out of the symmetrical triangle pattern and almost touched the $10,800 mark before retracting back to $10,400. This looks like a typical cup and handle formation. This could take the price to $11,500 if it follows a similar pattern as cup and handle formations do.
Also, this pattern looks like a bull flag which is also good news...
Trend Analysis:
Bitcoin broke out of the symmetrical triangle pattern and now looks like it could be headed over $11,000. The price hit the resistance of ~$10,500 and is now testing it to see if we could shoot up even further. The pattern it has created now looks like a cup and handle pattern, so if this is true, we could see a short downward trend followed by...
Trend Analysis:
An upward trend has formed yesterday and we are now approaching the resistance level of ~$9,800. The resistance level at this point is also where the upper line of our triangle converges. This means that there could be a break-out soon or we could retract a bit to the ~$9,200 level before a big move is made. We will continue to test the...
Trend Analysis:
After a sharp drop to $9,400 we are seeing a steady upward trend being established. It is starting to crawl towards the next resistance of ~$9,800 but the way this trend is panning out, it may just be a bear flag instead of an upward trend. If the price can break through the resistance 1, then we could see a pop above $10,000. There is some heavy...
Trend Analysis:
Since the Bitcoin price plummeted to its key support of ~$9,400 we are noticing a descending wedge being formed on the 4h chart. If this is indeed a descending wedge, then we could be gearing up for a break to the next resistance level of about $10,600. The support we are on is critical, if the price breaks below the support, we could see the...
Hi traders,
Trend Analysis:
Apple has been moving erratically lately based on speculation and news about the trade war. Volatility and volume are increasing as we approach the first day of US-China tariff implementation(Sept 1). A triangle has formed and we could break out of this trend in the near future. With the news of the tariffs and the retaliatory...
Hi traders,
Trend Analysis:
The Bitcoin price has plummeted below a key trend line and now is establishing a downward trend. currently, we are hovering at a critical support line. If we break past this critical support line, we could see the price continue to fall to the next support of about ~$8,400. Keep an eye on the movement over the next days.
If the...
