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# Bitcoin is still struggling to reemerge from what we called the surface of the dark abyss (see comment + our previous analyses). # Current weekly red candle suggests bitcoin price could revisit recent low @ 10580 (02 August), unless we see a green candle (recovery candle) in the next few weeks (monthly closing, opening week of September), this pullback could...

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# A successive higher lows have put BTC into a strong position to finally conquer 12K marks. The bullish flag formation further supports the idea of the continuation of a bullish trend. # RSI currently sits just below an overbought reading, with room for further improvement, and the divergence makes it sweeter. DYOR Always

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# Price is currently trading inside descending channel. It also sits on the first support of Fibonacci pivot point indicator. The idea is to trade within this channel and reclaim the pivot point (upper border). # Since both MAs 5, 13 already converged and in a tight position, we expect it to expand further, to the upside. # Scalping could be risky, book your...

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# Strong resistance is around 13000 marks (24 June 2019 @ 13764, 08 July 2019 @ 13174). Which supported our previous idea of steep targets of 13K, 14K and eventually 15K mark. Price have to stay on every level and consolidates before a major correction @ 15K. # We have already seen four weekly green candles in a row, also a fundamental news (COVID-19 vaccine,...

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# There is no clear direction for BTC right now. It's currently trading below 50 and 100 EMAs. This consolidation period could take 48 hours or more and in current condition, we could only look at scalping opportunity. # Traders still looking for buying opportunity, particularly at 10500-10600, where 11000 is the level to watch. Our daily and weekly chart...

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# The ascending channel we used to track price growth since 12 March 2020 (COVID-19, Global Recession) have served us well thus far. On 1st and 2nd August the price hit the middle line of the channel (12000~) and currently trading just below the lower border of the channel. # Twice the price has deviated from the channel during that growth period, once during...

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# Bull survived the free-fall zone below 8800 which now acts as hardened support. Our previous expectation is a bearish correction toward A & B zones. After safely avoided that free-fall zone, BTC first overcomes 9500 (miners comfort zone) then make a surge to hit 12000. # Current condition showed plenty of optimism among traders, especially after BTC comfortably...

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# BTC managed to make a breakout and got out of a long period of consolidation. Bullish trend remains intact after successfully avoided a free-fall zone below SMMA 200 on the daily chart (see previous analysis). # The idea is to enter a long position during formation of possible higher low with 10490 as initial target. There is a small bearish divergence on the...

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# The red-dotted trend line mentioned in previous analysis again worked well in defining current bullish breakout. # The price broke above the Ichimoku cloud and red-dotted trend line to confirm a reversal of trend. As this breakout happened during the weekend, It gave a fresh outlook as how price will move come end of the month. # The current priority is...

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# An expanding Bollinger Band provides much support for a brief pullback. A shrink back inside the Keltner Channel is a room for this little maneuver. # Price reached 9500 after a period of support test and consolidation. With immediate support at 9420-9370. A brief pullback is expected to this level, with current bullish sentiment, long position can be placed...

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# Red-dotted trend line was drawn from June 2019, touched a head of Head & Shoulder pattern on February 2020, pre-halving high on May 2020, most recent June 2020 selling, until the current price position. # Horizontal support line of 8820 barely tested on 27 June 2020. Consolidation period, low volatility trading continued for more than 2 weeks. As price has...

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# Previous daily analysis mentioned a cross to lower boundary of ascending channel (red line). Now we are well below them, our target is still valid, a correction to 8200-8500, or possibly lower. # Bull priority now is to reclaim 9400~ or even better @ 9500. Reclaiming this level would make us considering a reversal in trend. # Please refer to weekly analysis...

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# I put this analysis on neutral because I want to be fair to Bull's chances to turn thing around and reclaim at least 9400~ level. 9500 is better, this is the level where the miners felt comfortable with the price. # However I'm still leaning for another correction toward 8200~ , 7100~ (marked A & B respectively). This is where possible higher lows could occurs...

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# Bollinger Band are fully stretched, expecting minor correction to 9500-9450 level (EMA 100, and Bollinger Band middle line). -- Go short from current level toward above mentioned level, price failed to close above 9800, and long shadow candle + volume confirming lesser demand. # Fibonacci 0.786 and 0.618 both perfect levels for buying opportunity should these...

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# Been tracking this ascending channel since halving, now it crossed down lower border (red line). # Little chance bull had is to make a daily close at least above 9800, even better at 10000 psychological level, or make new high above 10500. -- Any strong rejection at this level would further give bearman more reason to take over. # For now bear had an upper...

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# I expect BTC to test 6660 (yellow line) level within 28 days period. # I also expect bull to defend 8880 level strongly, a long shadow to touch 8000 is possible, then it will quickly rebound ** Not a financial advices. DYOR always.

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# The volume continues to upset again which has been mentioned in previous analysis. This is the main point for bull to consider letting bear to run its course and test the $6000 level. # Bull soon may have to accept situation is not on their side. Their only chance is to get above the yellow line ($7400 resistance) and turn it into support. Although breaking...

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# Bull failed attempts clearly visible in many occasions, although 1H chart should not be made to make a longer term assessment, one just cannot ignore the dire situation we are in. # Winter is coming, sorry, weekend is coming, which normally brings the volume lower, and since everybody is cautious right now.. # Never attempt this at home, join the watchmen, stay...