All trends change. The prudent investor watches the market to spot such moments. In the chart we see some examples of why I believe Bitcoins most recent move is the beginning of a continuation bull trend.
1. THE VPVR ( Volume Profile Visible Range)
On the right side of the chart is the VPVR. The range is from September 2017 (first candle in bottom left) to...
I'm liking your weekly time frame, Bitcoin San. A nice bull flag forming since the highs. There is support forming on the 12 EMA line, and I believe we will move upwards soon. Testing the 200 day moving average and breaking through resistance at the 56 line on the RSI. Also, a bullish move into the purple zone on the stochastic RSI.
Arigato, Bitcoin San.
BITSTAMP:BTCUSD
Almost half way through the month of October and bitcoin is struggling to moving in either direction. 100 Week moving average has held as support for 3 consecutive weeks.
Interesting macro perspective to just be aware of..
Bitcoin forming a lower high on the monthly creates this horizontal wedge pattern. Could we be in for a massive correction back to $5000?
Hello and welcome,
In this long-term analysis of the bitcoin daily chart I'll explain why bitcoin may well break up to test $14000 in the coming weeks. I'll also use the RSI to help us identify potential entry points.
Bitcoin uptrend confirmed you say? That's correct, in my previous post on August 15, I outlined the three options I saw for BTC going...
Hello everyone and welcome.
The goal of this post is to ascertain the significance of the logarithmic chart in terms of historical trend lines and Technical Analysis.
Investopedia describes the logarithmic price scale as the "price spacing on the vertical or y-axis dependent on the percentage of change in the underlying asset's price". Makes sense. So what...
Hello Everybody,
Welcome to my first post. Here I will outline the three patterns I will be watching going forward for bitcoin.
1. Descending triangle: Lower highs are the best we've seen since the peak around $14000 and the lows are bottoming around $9000. Expecting a break down below $9000 at some stage.
2. Descending channel. This pattern may be in play if...
