#BTC just had a mini break above short term descending triangle. It is also perhaps more importantly right on the1 HR 50MA. If it can establish some distance up away from the 50, I think we see a nice New Years rally here, 28-30k. If it sinks down below, possibly ranging in the current 26.200 and up range.
Current 1D ADA chart. Up against resistance line established a bit ago. Personally I am in already as love ADA long term, but traders may want to keep an eye on this chart to buy breakout. Hard to tell, #BTC can suck the air out of everything at any given moment, we shall wait and see.
1 HR #BTC just broke below 50MA for 2 consecutive candles with a bit of space as well. It has bounced off this pretty well on it's run up. Possible 26,200 incoming test if it does not recover back above the 50MA soon.
Wow, crazy week! Just update of older chart with levels on the way up. May be useful if we see a correction tomorrow (Monday) as is possible. Just had a nice bounce off the 50MA so that is one to watch for downside. Anyone holding for long term no worries, correction needed to establish levels and climb higher. 2021 shaping up nicely!
Quick 1 HR $BTC chart. Today has established a nice little on ramp. Christmas take off? Probably not, but stranger things have happened, something to keep an eye on.
#BTC looks to be pretty steady for the moment. The 50MA kissed the 100MA and bounced off nicely (first blue circle). The 50 then created a little bit of breathing room vs. 100 (red circle). This is pretty much what I am watching. Can the 50 stay above and separate a bit more, that would be impetus for higher move. That being said, being end of year holiday...
Just a fun look at last few days. Lots of volume/PA at/around the 00 hour, which I suppose is not surprising as it is early morning Asia. Just something I'll keep an eye on in 6 hours or so.
Here is quick 1 HR chart. Levels seem to have defined themselves somewhat. Still very bullish, so adding at lower range levels makes sense in bull market.
Nice bounce off of 22.200 yesterday. Managed to climb above the converging 50/100MA today. 50MA kissing and bouncing off the 100MA, generally a very bullish move. Next target is ATH 24.300. Would be nice to see it explode over that or consolidate in upper channel using the 23.400 as support for a bit before bigger move up. Lots of $ incoming, seems to favor...
Zoomed out on the Daily and for fun drew a quick resistance line just off the past 2 days, so not much. Found it interesting that it is intersecting the green longterm trend line at almost the exact same point as the support line established early November this year, forming our spear point. Green line is a longterm trend line established 1 Sept 2016. So,...
#BTC continuation chart 1HR. A series of higher lows, all with nice bounces off the 50MA (red circles). This last one down through the 50 and rejected harshly back up off the 100 (blue circle). As mentioned in earlier chart, it seems to set up nicely for a run tomorrow where we may see 26K.
Current 1 HR #BTC. Parallel channel establish / best guess. Let's see if it can stay on top of red support, 23.7k-ish, if so it should pop out of channel and chase up to 25k. If it doesn't hold, 50MA has been support this current move, around 23kish, would not expect much farther drop than that.
#BTC has bounced twice very nicely off the 50MA on the 1HR chart. 22.2 supported, nothing left other than to take 23.9/24 out. I think we see it run a bit here. But if bounces off upper ATH line, may just consolidate for a bit. Let's see if it can break the ceiling.
