julio24albert

julio24albert

Today's market movement from bitcoin is very awful. Price has shown a rejection pattern from the resistance zone of 1.1 fibonacci extension which I've covered on the previous post. In this analysis, I'll cover the Elliott wave and the rule of alternation. First of all, here is what I see for the best Elliott wave labelling based on current structure. I do believe...

julio24albert

Here is my short term perspective about bitcoin. In this analysis, I'll combine the Elliot Wave theory count and the 2 most attractive indicators I always use which are the RSI and the MACD. Let's make it quick and simple. Here is my EW labelling structure which has completed every aspect of EW component. This structure is the wave structure of potential sub wave...

julio24albert

Price of the bitcoin has shown us a huge gain since my previous analysis. Price has already broken out from the upper resistance trend line of the yellow triangle which I've anticipated previously and even spikes higher to the $19000 zone. Some say that the price will have another footprint toward the All Time High and some say that there will be a rejection. Now,...

julio24albert

In this current analysis I'll try to cover the movement on the short and mid term for bitcoin. I'm using the 4 hours chart which is the medium cycle time frame and can cover the movement in the short and mid term. The fibonacci retracement level drawn on the chart is referring to the previous EW count which I've already anticipated on the previous time frame as...

julio24albert

This is the 6 hours time frame which is becoming the most important and crucial time frame to watch on swing trading purpose. Bitcoin has shown a huge gain since a few weeks ago, price has shown us a bullish rally from the consolidation level of $12000 ish to the 2020 high of $18000 ish which is a phenomenal 63% gain in less than one month. However, during the...

julio24albert

Last week's movement of the bitcoin has brought the price to another key level which is very crucial at this moment. Trending at $16000 simply as a liquidation zone which we may see some actions of accumulation zone and uncertainty in the lower time frame. The bullish momentum is still valid during this forming pattern. These are the reasons of why the price may...

julio24albert

A huge price action on the bitcoin as it's once again breaks out of the interim swing high and claims the 3 years high since 2017. However, this is another achievement for bitcoin as the sentiment is turning back into positive side again. A lot of adoption which is becoming the most significant factor of why the trust level is increasing again, one of my favorite...

julio24albert

The last few days has became an interesting event to trade on the cryptocurrency, especially if you were longing bitcoin. It would be a nice and perfect entry to get some significant profit. Since the broke out of the $14000 resistance range, bitcoin has spiked for around 12% to the upside until it touched the $16000 range as the strong resistance. But right after...

julio24albert

There isn't much change since the latest update about bitcoin which I always anticipated the bullish for mid and long term. For short term, it looks like more tricky but the momentum can't lie. Even with the latest event of US election, the price of bitcoin is still having a good momentum to moves in higher level from current region. This is the 3days time frame...

julio24albert

I clearly understand that currently the price is still trending slightly below the strong resistance zone which is the area of golden pocket zone and the interim swing high at June 2019. A lot of people are too pessimistic that the price won't break this resistance in the future and we may face another sharp decline. This thought however is not wrong at all, it...

julio24albert

Price of the bitcoin has dropped for more than 6% since the latest test toward the horizontal resistance zone 2 days ago. This drop pattern however could be the effect of the rejection that we saw on October 31st. However, the price is still trending right above the support trend line that has been formed since October 21st and can be considered as the significant...

julio24albert

Price of the bitcoin has shown us a huge range of volatility in the last 12 hours of trading session and currently the price is still trending inside of this ascending channel that is so crucial. Will the future movement leads the price to the upper ling of this channel or will it claims down lower to the blue zone? Here is the current analysis. I will make this...

julio24albert

Bitcoin's price has shown us a huge spike to the upside for almost 2.8% from the opening price of the previous 4 hours candle. With this huge moves, once again it has invalidated the people's bias to claim lower. Even at this current condition the price is entering a huge resistance level, there isn't still any sign of the diminishing in the momentum yet. What is...

julio24albert

Last week has became a huge turning point for bitcoin which the price has already surged for more than 15% since its open on the early week. This upside moves is the direct effect because of the many good news that has occurred lately in the market. The biggest news we have seen was the Paypal decision to enable the buy and sell cryptocurrency on its platform....

julio24albert

This is the daily time frame where we can see more clear bias in this market. A huge parabolic moves has been formed in the last few days. A 7% gain since the break out from the previous heavy resistance is so crucial in my view. A good news lately is becoming the direct factor that drives the price to this level. Price is now trending slightly below the white...

julio24albert

Giving you the update of current Elliot Wave count which looks so so important at current condition. Price has breached the liquidation zone which I've covered previously with less effort and it looks like this moves will continuing in the near future. Now let's we continue with our Elliot Wave count here and see how I perfectly combine the Elliot wave and...

julio24albert

This is the 3 days time frame which is longer than the daily but shorter than the weekly time frame. However, this time frame is giving us a bigger picture to analyze the bigger trend that is happening in the market. Bigger picture means more valid bias because it will minimalize the risk of manipulation in the market. First thing is about the trust measurement...

julio24albert

Last week's weekly candle has closed in a green candle which in my opinion it represents that the current market sentiment is being positive after some bad news that occurred in the beginning of the last week. However, the price is now facing the huge resistance which is the .786 fibonacci retracement and the last significant level from the fibonacci...