cyatophilum

cyatophilum

BTC dominance is a crucial metric for understanding the overall health of the crypto market. As of April 11th, 2023, BTC dominance stands at 48.5%, a significant increase from its November 2022 low of 27.9%. Analysts have set a target of 60% for BTC dominance, and with its steady increase over the past few months, it's a real possibility. Technical indicators...

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Welcome to my Bitcoin technical analysis! BTC/USD has been experiencing a range-bound movement over the past few days, currently trading around $28,000. There are a couple of possibilities when it comes to technical analysis. On one hand, Bitcoin could see a breakout above the key resistance level of $28,500, which could lead to a bullish trend towards $30,000....

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Ethereum (ETH) has recently seen a decent increase in price, breaking above the $1,750 resistance level and continuing to rally higher. The bulls successfully broke through the $1,860 resistance level, which has now become a support level for the altcoin. ETH has set a new multi-month high of $1,944, but some warning signals are being demonstrated by the RSI....

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Huge triangle in formation on the S&P500. The short term indicators are bullish: we are above the 150 day and 200 weeks moving averages, both being used as support when price is above them. Price has been contracting last few weeks and traders are waiting to pick a direction. The bearish target would be 2700$, a price we didn't see since the sanitary crisis. The...

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On the weekly chart, we broke the top of this descending triangle which was a bullish pattern. Now we see a lot of volume below 25k but not so much at all above and until 29k which means there will be very little resistance up until there. Moving on to the Daily chart, as long as price remains above the 50 days moving average (EMA), the trend is clearly...

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Since price broke below moving averages in early 2022, the MA ribbon has been used as resistance. The stock market has been making lower lows and each high lower than the previous one. The definition of a bear market. We could gamble to find the very bottom, but it can only be gambling. We only know the bottom is here after the price broke its bear patterns and...

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If this bullish flag were to break to the upside, we can expect a huge pump in Bitcoin price. A bullish flag is a continuation pattern that results from a period of consolidation. The pole is the result of a vertical rise in price. Entry would be at the close of the 4H breakout candle. The Stop Loss would be below the flag's resistance. To find the Take Profit we...

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Here is my multi time frame technical analysis chart for Bitcoin. Goal is cut off the noise and to show key trendlines and support/resistance prices. We can clearly see that the market is currently bear with a descending triangle on the higher TFs. After breaking the important 5 months 18 500$ support, price is now inside a range between 16 000$ and 17 500$. Price...

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Ethereum currently attempting at breaking its long term bear market resistance. No FOMO yet, we need to wait the daily close to be sure. Another bullish indicator is the RSI who broke its triangle contraction cone to the upside. It should reach the upper value of the triangle which is 70. Next key level is at 1350$ for ETH. Here is a MTF view which indicates...

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A falling wedge is a bullish pattern, however we MUST see a resistance breakout AND a volume expension (higher than average) when it happens to fully confirm the pattern. More info on the chart!

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Hello, just a prediction, no financial advice. I built the support and resistance using weekly closes, not wicks. Using the 50W EMA as a magnet and the RSI, I see the situation as bullish, but I might be FOMOing.

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Using indicators only, we can see MACD crossing down and a RSI bearish divergence. 1st target would be at 1.02 usd, 2nd at 1.00 usd

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The trend is still bearish. Price remains in the descending wedge I drew in red and is creating support above 16000 $. Price has been ranging for a week. A break of bollinger bands could be a signal for the next move. RSI is showing a bullish divergence (RSI rises while price goes sideways). The ascending support RSI is creating has to hold if we want to see some...

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Hello, here is a multi time frame technical analysis chart for Ethereum. We are at the very end of a descending wedge (some people will also see a triangle) on the higher time frames. Price is testing 5-month support area at 1050$ and could be printing a double bottom on the daily chart. We are starting to see some bullish signs on lower time frames but nothing...

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I believe charts speak better than words. Weekly: Daily: 4H:

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Follow up to my previous idea: To sum up, bitcoin surged again making a new high and stopped right at the upper channel resistance which was the last checkpoint before we could call for a clear rally. What happened today looks like a correction against the bulls. Price is retesting 100 days moving average, which is healthy, but shouldn't break further below...

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Quick video to show this little trick using the Replay mode that allows us to load more historical bars than real time, and thus get a better picture at how a strategy can perform over time. The Strategy Tester re-calculate the results everytime we load new bars, as the indicator strategy is correctly applied to these new bars. I got the confirmation from the...

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Hi everyone, The sad truth behind Bitcoin price is that it is still strongly correlated to Nasdaq's. When Nasdaq made its support at 13 000$, Bitcoin dipped to 34 300 $ back in February. Then in March, the Nasdaq tested once again the support, Bitcoin was trading at 37 500$. From 15th of March to April, both prices rallied up, Nasdaq to 15 000$ and BTC to 48...