Short term bearish on BTCUSD On the 4 hours chart, the price failed to tag the upperband and have just tagged the lowerband, which indicates weakness. A lower high and a small triangle pattern have formed. Reporting the height of the triangle, a target of -20% can be deducted if the price break down. Possible supports on the way down: 5450, 5050, 4800. Not taking...
Bitcoin is currently at electricity cost (blue line). The white line represents electricity cost + operating costs. So the miners are not selling their bitcoin until BTC go above the white line. The negative premium has never been that huge on Bitmex, meaning that everybody is short. That is a recipe for short squeeze. Is the panic sell over? I am not sure but I...
BITSTAMP:BTCUSD Head and shoulder pattern breaking out the neckline the 8th of March At 7750$, we are at support. Will probably see a technical rally but chances are the sell off will then go to the 6100 / 6800 zone of support. Then with all the bullish events (legal ground for trading crypto in India, South Korea) and the halving, expecting a bull...
A bullish divergence on BTCUSD 4H is visible on RSI and MFL indicators. This is not enough to take a long position by itself but increases the chance of a rally and should discourage you from taking a short position.