The S&P 500 has had a really good week, and at the time of writing is almost up 5%. Based on my technical analysis it seems to be at a fairly crucial point, as it is hitting really strong support that turned into resistance. Using both the 50-day EMA as well as the Fibonacci retracement it also shows that price has begun its battle with the resistance. Since it...
BTC right now is in a critical range, yesterday both Asian and North American Markets were very bullish up until the 45.5k. After that BTC went on a bear run up until the 43k. The Stochastic, RSI, and the Stoch RSI oscillators indicate that this is a very good point to buy in due to BTC being oversold. At the time of writing BTC is facing the 43k support, I don't...
-Pattern Based Technical Analysis-
As of the past, I have noted that the BTC market is fairly bearish during the Asian Time 7:00 AM to 12:00 AM IST). But is very bullish during the North American Time (12:00 PM to 4:00 PM EST). With regards to the past, I expect the market to be slightly more bearish during Asian Time and Much more bullish in the North American...
- Pattern Based Technical Analysis -
This case is a likely 'Symmetrical Triangle Pattern', the Stochastic and the RSI indicate bearish movement to come. I predict the price to fall to the marked support or even more.
Pattern : Symmetrical Triangle
Movement : Bearish