julio24albert

julio24albert

Hello all, welcome back to the series analysis about bitcoin and cryptocurrency. Let's enjoy the analysis below. In the last 10 hours of trading session in the bitcoin, the price has printed for more than 6% gain comparing with today's low. We can see that at this level, the candle looks so strong and bullish. But, if we looks at it more carefully and give the...

julio24albert

Hello all, this time I will give an analysis from the weekly perspective. Let's go! I've always anticipated previously in a lot of analysis I've shared about this current drop. From the daily chart which is having the 1000 moving average as the strong dynamic resistance, rising wedge and its psychology and etc. But all of those analysis is from the lower time...

julio24albert

Hello all, here is my current bias for bitcoin. Since a few days back, I've warned you about the potential of the bitcoin's price top out at current level as of the 1000 moving average as a strong dynamic resistance for recent movement in the market. And now, it's more than happy to say that my bias will probably make it true with current bitcoins condition....

julio24albert

Hello all, here I come again with the technical analysis of bitcoin. Not just present about the projection of direction in the market But I'll explain the psychological factor on the price action pattern too. Now back at the daily chart, the time frame which is always crucial for every trader to see to count the possibility of the price direction in the future....

julio24albert

Here we go again with the analysis of bitcoin dominance. Just like what I've always said that bitcoin dominance is one of the best benchmark which have the good correlation with bitcoin's price movement. In other words, if you want to understand bitcoin you must understand about bitcoin dominance first. The uptrend channel has held the dominance since January...

julio24albert

Hello all, here is the detail of current bitcoin's condition. With the last spike to nearly $7400 region is showing us how the bulls push the price very hard. I want to give the highlight about current condition which is the 1000 moving average as a strong dynamic resistance for bitcoin. I'm still seeing this as a very high risk trade to take whether it's on...

julio24albert

Happy Sunday, here I give you another perspective that may support my previous bearish bias of bitcoin. The key of this analysis is the high period of moving average which I use to identify whether there is a down trend or the uptrend which hold current major trend in the market. Here in this example, I use the 1000 moving average on the daily time frame. The...

julio24albert

Hello, let's do the technical analysis of bitcoin and make it as quick as possible. if you've seen my previous analysis about bitcoin is short term, I've already anticipated this kind of moves toward the upside as the action in phase 2 to confirm previous broken support that is now become resistance as well. On the 4 hours chart, we have seen the 1st...

julio24albert

Hello all, here is the chart work of bitcoin based on the 1 week movement and for the longer term use. Let's get it started. There are 2 important things that got my attention looking at the chart applied, Beside a very huge bearish pressure from the last 2 weeks candle. The first crucial thing is the white region which is becoming the strong support back then...

julio24albert

Happy Monday and I hope that this week's movement will get better and our portfolio can grow bigger. Now, let's do the chart work of bitcoin. Bitcoin is showing us a bounce since it touched the $5800 region with a strong green candle at least if we see it from the last 12 hours of trading session. During this kind of movement, usually an amateur will think that...

julio24albert Updated 

Hello all, welcome back to the technical analysis of bitcoin. I'll cover the lower time frame which is the intraday level. Let's enjoy! From the intraday perspective which is the lower degree for this technical analysis, I can conclude several things that may be right. The first thing is that the price is now moving inside the up trend channel that has formed...

julio24albert

The Bitcoin dominance rate has reached a significant resistance area and decreased afterward as a result. The fact that it is trading inside a bearish pattern makes a breakdown likely. So, here is the more detail technical analysis anf the logic of it. First thing first, I want to cover the technical analysis of bitcoin dominance first. Looking at the chart...

julio24albert

Hello all, today I'm going to cover the technical analysis of crypto total market capitalization which always becomes the most important component of cryptocurrency in general. I won't do a detail analysis of bitcoin because yesterday we've covered its bounce and my bias is still remain the same. Now let's see what we can get from this market breakdown. Market...

julio24albert Updated 

Hello all, here I give you another update of bitcoin during last week's volatility. We can see that the $6000 region is becoming a very tough resistance for bitcoin with several rejections toward this area. This rejection cause a correction toward the 0.382 fibonacci retracement which could be a support for the lower degree of price action. This 0.382 fibonacci...

julio24albert

Hello all, let's see current market condition on bitcoin. I want to give some highlights based on current chart : 1. Currently the price is testing the $6200 - $6400 region as a resistance, if it can breaks this level, we'll see the higher region to be tested 2. Looking at the MACD histogram on this daily candle, the histogram is having a higher low structure...

julio24albert

Hello all, here is the technical analysis of current market structure in this consolidation stages of bitcoin. Let's enjoy! The market is however trending at a very risky level. I can't say that the movement isn't volatile enough because of the fact that in this current sideways market, it moves in 33% of volatility. This however is very volatile when it comes to...

julio24albert

Hello all, here is the bitcoin technical analysis right after the weekly candle has closed. Let's make it quick and to the point. The weekly candle has closed below the white support zone with a huge net volume in negativity. It has dropped for more than 50% comparing to its opening price at the beginning of the last week. This will be a hard time for bitcoin and...

julio24albert

From the 1 week time frame, we can see that the price is trying very hard to close above the red dynamic level which is the 200 moving average as a strong support level line. If we see a close above this level, there will be a short term bounce to challenge the price above the white region of $6500. But, if the price can't close above it, we will see the potential...