forexmentoronline

forexmentoronline

Hey guys, Liam here. In my previous analysis, posted yesterday morning, I said we could see the price of Bitcoin reach 3660 over the next few hours. Amazingly, yesterday evening the price hit 3657 - 3 points below the 3660 I predicted it would hit at the beginning of the day! The rise began a couple hours after the spike (blue arrow) formed and ended around 11 o...

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Hi guys, hope you're well. The rise above 3660 I said needed to take place in order for a move up-to 3800 to begin, didn't occur yesterday. The price did rise slightly in the hours after I posted yesterday's analysis but it soon began falling again. Whilst the price did decline it didn't fall much, eventually finding support near the buy area that caused...

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Hey guys, Liam here. Sorry I haven't posted in a while. I've had some things to do on my site - so haven't been able to post anything. I'm back now though, so you can expect daily analysis from me going forward. So today we've seen the price reverse from a buy area that formed as a result of the reversal that took place on Monday. The price didn't drop deep...

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Bitcoin is still inside the buy area I said could cause a reversal in my previous update. A reversal out of the area looked like it was taking place just after I posted my last update (red arrow), however, a large drop caused this to end and pushed the price through the bottom of the buy area. This drop ended with the appearance of a large spike, which may...

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The rise that began after the price fell into the buy area yesterday evening has continued today. After the large spike the price continued to rise until it reached the sell area created by the drop on the 8th November. After a small drop (red arrow) took place from the area another rise began, but this ended soon after with the appearance of a reversal...

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Yesterday Bitcoin reversed after it fell into the buy area mentioned in my previous post. The drop into the area was incredible strong, and actually caused the price to break through both the small buy area I said to watch for a reversal and the larger buy area it was contained within. Like Etherium, the candlestick that shows the drop also ended with a large...

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Earlier this afternoon a large drop into the buy area that caused the price to reverse on Friday resulted in a spike (a candlestick with a large one sided wick) forming. The reversal out of the sell area that began in my last update did continue, eventually causing the price to fall into the small buy area I said to watch for a reversal in the same update. A...

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A small reversal out of the buy area mentioned in my last update took place yesterday. As you can see from the image, the reversal didn't last long. The price only made it a short way out of the area before it reversed and fell back in again, suggesting the reversal didn't have much strength behind it. The price is now drifting towards the bottom of the buy...

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Today we've seen the price reverse out of the buy area I said to watch for a reversal in yesterdays update. The reversal candlestick that had just formed on the edge of the area when I posted yesterdays update (blue arrow) didn't cause the price to reverse. Instead, it dropped slightly deeper into the area and then reversed after a reversal candlestick formed on...

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Yesterday a large drop caused Bitcoin to fall deep into the buy area it had just reached in my last update. You can see a reversal caused the price to rise up to the edge of the area in the early hours of this morning. This rise doesn't look very strong, as evidenced by the fact it mainly consists of small candlesticks. However, that could just be because of the...

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A large reversal candlesticks has just formed on the 15 minute timeframe of Etherium, suggesting we could see the price reverse out of the buy area over the next few hours or later on tonight. Two previous buy areas have been broken over the past couple of days. The price broke through the first area in the early hours of yesterday morning after a small reversal...

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This morning a large drop caused the price to break through the buy area I said to watch for a reversal in yesterday's update. We did see a small reversal take place from the tiny area I said to watch (outlined in red), but it didn't last long and it didn't cause the price to rise that much. The fact that we've now seen the price break through the area and below...

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The buy area created by traders and investors taking profits (see my last update) didn't cause the price to reverse last night. We did see a couple of small reversals take place from the area, but no large reversal back up to the high created by the huge rise occurred. The area itself (not marked) was broken by a large drop at 2:30am, which caused the price to...

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Last night a huge rise caused Bitcoin to break through the 6500 big round number. Today the price has pulled back slightly and is now consolidating as the traders and investors who made money from the rise take profits off their positions. The two points to watch are the small area found at the bottom of the profit taking and the area that formed at the...