kbdt

kbdt

$BTC We have now completed the right shoulder of the Inverse H/S pattern. This suggests that the bottom is in aside from the other factors. Keep an eye on the break of the neck line. Also noticed that the price managed to hold the golden ratio perfectly! If the price don't fall below the golden ratio, then we will have our first lower high on the daily chart....

kbdt

Trade safe

kbdt

Ascending triangle is a chart pattern that signals a bullish uptrend. It is formed by a horizontal trend line that acts as resistance and an ascending trend line that acts as support. The more we touch the resistance line, the higher the chance to break out of it. Also, the formation of higher lows even after previous rejections is a sign of strength, which...

kbdt

We might be forming a what we call 'Bear Flag' in technical analysis, wherein a sharp sell-off occurs followed by a pause or consolidation period before the continuation of the downtrend. In identifying Bear Flag patterns, we need to look for a pole and a body. The 'pole' is formed by a series of strong downtrend, while the 'flag' is formed by a horizontal...

kbdt Updated 

As you can see in the chart above, similar fractals have been forming since February 2018, which is the first bounced after we touched the $6,000 level. These fractals are mostly associated with trading bots and algorithm or what they call Algorithmic trading. Also note that every time MACD signal line crosses over (bearish cross-over) on the daily chart, the...

kbdt

As you can see in the charts, whenever we touched the downtrend line, we get rejected. I believe this is a good signal for the bears to enter short positions. I'm not saying that we will get rejected for the 3rd time; however, I am still not convinced that we are now in a bull run because we have not made $8k and $9k level. Also, as mentioned in my previous...

kbdt Updated 

Using the daily chart, you can see that whenever the price falls below the 21 EMA (orange line), a massive downtrend forms.These rejections indicate a bearish sign and usually a signal to get out and/or short the market. After the significant drop a few days ago from $6,700 to $6,200 level, the price failed to close above the 21 EMA since then. We also have been...

kbdt Updated 

Hi traders! It's my pleasure to share my opinion with you guys. This is the first time I'll be sharing my thoughts on the possible trend on Bitcoin. So, we have made an upward trend after the low $5,750 last 2 weeks ago but we have not seen any continuous significant volume since then. Looking at the chart above, we have been forming ascending wedge after...