crypto_butlers

crypto_butlers

Hi everyone, thanks for checking out our TA. Let's get right into it. What a week for crypto. The alts were leading the charge dragging Bitcoin with them. Usually, it's the reverse trend, but not this time around. Throughout this week, Bitcoin was slaying all resistance levels thanks to the bullish momentum, and it was ignoring all indicators of a reversal...

crypto_butlers

Hi everyone, thanks for checking out our TA. Let's get right into it. What a week for the market! Bitcoin is usually first to respond and drags the alts with it when the market moves. But not so fast... it was the opposite this time. The market has been itching to move since Bitcoin was accumulating under $7K. Fast forward to the present and oh how the...

crypto_butlers

Hi everyone, thanks for checking out our TA. Let's get right into it. Is Bitcoin back?! Well.... we don't know for sure, but today was a positive step in the direction and we'll explain why. Bitcoin for the last two weeks or so was uninteresting to follow after it barely grazed our double bottom target from $6,500 - $6,000. For those who got in below...

crypto_butlers

Hi everyone, thanks for checking out our TA. Let's get right into it. We can see in the four hour chart, BTC has had an uneventful past few days trading within a bullish flag pattern (This is always great for trading alts, as we've seen with several alt coins experiencing 25-50% rises in this time frame). Bitcoin tested the resistance on the downward pennant...

crypto_butlers

Hi everyone, let's do a quick comparison with present-day BTC and BTC from Jan 17. After a quick decline in price, we've seen the Bulls take over the market for the last 36-48 hours. The chart is looking almost identical to the price action we saw on January 17. The current price is wedged in between the 50 EMA and 200 EMA and the Stoch RSI is reading as...

crypto_butlers

Hi everyone, thanks for checking out our TA. Let's get into a potential accumulation zone forming for BTC . In the day chart, which we love for charting long-term patterns, we've drawn a horizontal pennant flag tied to highest highs and the lowest lows in the downward trend channel. What we see is a clear horizontal pattern forming with the new low at...

crypto_butlers

Hi everyone! Let's get to what's up with Bitcoin lately. On the four hour chart, BTC rallied once it touched the 78.6% retrace. The 78.6% retrace also intersected at the exact point where we drew a bearish pennant pattern. As soon as the 78.6% retrace was hit and Bitcoin intersected with the pennant, an immediate bullish divergence kicked in. The bullish...

crypto_butlers

Hello everyone! Today, we're looking at the Litecoin daily chart and forecasting what we can expect from LTC over the next few weeks or days the way this market is dropping. Let's get to it! On the daily chart, Litecoin has crossed below the 200 EMA (blue) representing a strong long-term bearish movement. Back in February, Litecoin found support at the 200...

crypto_butlers

Hello everyone, welcome to the endless bottom Bitcoin saga. For today's episode, BTC on the four hour chart, we can see a bear flag forming after the support line was broken 48 hours earlier at $9,200 and dropped to a 30 day low $7,650 on some exchanges well below the 61.8% FIB retracement line. Another bear flag forming in a downward trend seems to be a seven...

crypto_butlers

Let's take a quick look at the BTC daily time-frame. The Stoch RSI is fighting to get above to get above the lower signal line but looks to be taking a downward turn. We've seen this pattern occur a few times in the recent BTC downward trend. If history is any indicator, we can expect a downward turn sometime soon. There is a mini bear flag forming, but nothing...

crypto_butlers

Hold on to your butts! We're not out of the woods yet boys and girls! Yesterday was a nice unexpected short-term bull run when BTC bounced on the support at the 38.2 FIB retracement line. The support was tested and the bulls came through. What's odd was the trading volume didn't spike until several hours later when BTC settled at $8,800. You can see we've...

crypto_butlers

BTC has broken the downward channel on the bear flag and is in freefall with some expected bumps along the way. BTC did catch support at the 38.2 Fib retracement line, which lead to the a short-term bear flag. Since then BTC has entered into a freefall to re-test the support at the 38.2 Fib retracement line again and is about to complete a head and shoulders...