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The price has been making higher lows inside a consolidation (trading range) for a few days now.
Major trend in BTC is still down, but we do have a local uptrend since 6100.
These types of consolidations inside a local uptrend are more likely to break out to the upside.
The higher lows inside a range are a sign of accumulation (supply drying up, demand increasing ...
The price has been moving in a downtrend channel for a week now with no significant bounces or corrections to the upside.
There are still not many signs that indicate a larger bounce happening. No reversal chart patterns. The daily chart looks particularly bearish.
However due to the fact that this 6750-6850 area is the key support level since the move up towards ...
Whenever you see a large sell-off and the price dropping without any meaningful retracements or relief rallies in between the drops, you can be almost certain there will be a sharp and fast move to the upside sooner or later.
The price has been moving in a falling wedge for a few days now. A falling wedge is a bullish reversal pattern and indicates exhaustion of ...
The range has narrowed down.
Price is now moving in an uptrend channel . Furthermore, it has formed an ascending triangle , which has a bullish bias. The volume is dying off as it's getting near the apex of the triangle, indicating a bigger move is about to happen. If this setup were to appear anywhere else, it would be a clear bullish scenario.
The only issue ...
The fall after 10k rejection was long and brutal. Is it over? Spolier alert: Most likely not.
However, nothing goes up or down in a straight line, and when you see a large move in either direction, expect that the potentially large correction will eventually follow.
In my previou analysis I've been showing the bullish RSI divergence near the bottom, as well as ...
The price formed a falling wedge (bullish reversal pattern), and a bullish divergence on the RSI. All of this on a 4h chart, which is a relatively safer timeframe from the short-term price manipulations that we often see on the 15-30 min charts, even the hourly chart lately.
The volume does not exactly fit a falling wedge though (it should be reducing towards the ...
After two failed attempts to break the 10.000 resistance, the price got rejected quite hard and a correction to the downside was inevitable.
What we see here is that the price is now forming a falling wedge bullish reversal pattern, indicating the sellers are slowing down, which usually happens right before a bounce.
There are now new resistances formed above, ...
The price is moving inside a large parallel uptrend channel. Additionally, the price is forming a falling wedge bullish reversal pattern, which indicates the selling is slowing down, and a bounce is likely to happen soon, which also matches with the channel support line.
As long as BTC is behaving well, NEO/BTC is likely to show very nice gains from this ...
I don't usually do altcoin analysis, since BTC is my main focus and it dictates how the other coins move, so TA for altcoins is only valid as long as BTC behaves properly. However, this chart has some nice clues about where EOS is likely to move further.
This coin had an incredible bull run the past few weeks, and now it's cooling off and consolidating the huge ...
BTC has been consolidating inside a large symmetrical triangle for a few days now.
Symmetrical triangle patterns are continuation patterns. Although I've been expecting a retrace to the lower support levels, in this case, it broke upwards with good volume and a strong closing candle above the resistance. Therefore, we can expect a good continuation move ...
BTC has been on a very strong rally since we hit the bottom at 6400s. Although the market is very bullish, and the momentum has been strong, nothing goes up in a straight line. In order to break the heavy resistance at 9050-9245 area, the price needs to have a healthy pullback down to stronger support levels where new buyers will enter the market.
The current ...
BTC price has been moving in a falling wedge for days now. Falling wedge is a bullish reversal pattern showing lack of selling momentum, and a slow but steady increase in buying/accumulation.
A few days ago the price tried to break out of this wedge, but failed due to lack of followup. Those kinds of rejections at a key resistance such as this usually result in a ...
Last two days we were witnessing some of the most extreme panic selling and fear in this market. There is still a lot of fear present.
Usually when we have these conditions, we should watch closely for signals of a bounce and a retrace.
Looking at the price movements today, we already see a slowing momentum of selling (if we look closely enough).
Although many ...
After quite a violent fall and multiple fake bounces tricking the FOMO buyers, good signs are appearing that BTC has found support at the 7700 levels (for now), and if this support holds, then it's ready to make a move upwards.
The price is currently moving in a falling wedge, which is a bullish reversal pattern, combined with a bounce from a Fib support line, ...
BTC is currently moving in a rising wedge, which is a bearish pattern indicating lack of buying momentum.
If the price breaks down from the wedge support line, then we have a confirmation for a move down.
If the price manages to push above the upper line of the wedge, then the pattern is invalidated (highly unlikely at this ...
BTC has formed a bullish flag pattern after breaking out yesterday and hitting the 0.382 fib line.
The price is currently consolidating the gains inside the flag.
We should see a decisive movement in a matter of hours.
If the price manages to break out of the flag upwards, then the target projections are:
1. 9384 (flag projection)
2. 9480 (fib resistance)
BTC is currently moving down in a falling wedge, which is a bullish reversal pattern.
RSI shows a clear bullish divergence, indicating the slow-down of the selling momentum.
Ideal would be if the volume reduced slowly as we're nearing the wedge resistance, indicating we're bottoming out here, and then a volume spike on the breakout of the wedge would be a good ...
BTC has successfully broken out of the downtrend channel by breaching (and closing above) the major downtrend line.
When these breakouts happen, usually the price retests the newly broken resistance to try it as a support.
Either it doesn't hold, then it turns into a fakeout and price goes back to revisit the lows, or...
The new support holds, then it creates a ...