yarr

yarr

Ahoy everyone! Yesterday the market dropped back to the major support and resistance level where it managed to bounce off fiercely. Also 0.618 fibonacci level was located in this area which I posted about in my twitter account earlier. I just want to say that I have the best followers and I have received such a great feed back from you guys. Thank you for...

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Bitcoin recently reached the next major resistance zone (which is also formed close to MA50 & 0.5 fibonacci levels). So the question is where it's heading next? It's unlikely that we are going to see enough of volume today that is required for the continuation with the bullish trend. This is mainly because it's Sunday and usually on Sundays there's less...

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So where is Ethereum heading next? That's a good question. The price of Ethereum already broke out of the falling wedge (is considered a bullish reversal pattern) but it wasn't accompanied with an expanding volume and that's why it didn't broke out with a huge candle. A breakout with expanding volume usually is a sign for a strong bullish breakout which leads...

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Vechain is looking quite interesting here as it's already breaking out from the smaller falling wedge pattern and both indicators (MACD & RSI) agrees on the bullish divergence. A bullish divergence is considered as a reversal pattern and often forms at the bottoms of markets. This is likely to lead for direction change for the trend as it bounced rather strongly...

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The current price movement is showing a lot of similarities what we have seen in the past back in the time when bulls were euphoric. (NOTE: Chart on the right side is inverse version from the current price action) Are bears getting as euphoric as bulls back in the 2017? Maybe, it's hard to say but what we know that the majority of people are gone and lost...

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The purpose of this chart is to show a larger image for the Bitcoin's market structure and how dominant the bulls have been in the past market cycles. Returns have been always higher than the downside. However, the dominance of bitcoin bulls does not necessarily mean that it's a good idea to buy the market tops as they do not necessarily guarantee breakeven nor...

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Bitcoin is retesting previous support of the $3.477 level and has managed to bounce back above of the diagonal support level. In the daily timeframe it's showing a symmetrical triangle pattern which is considered rather neutral pattern. Neutral means that it might not have a bias and has a chance to break either way. That's why it's important to gather...

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The market is showing an inverse head & shoulders pattern on the 12-hour timeframe. This is positive sign and hints for a possible reversal on the market. Volume is crucial here as it should continue expanding towards the neckline and give confident for the possible breakout. There are two major confirmations to look for when a market is starting form an inverse...

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Update for Bitcoin: The current state of Bitcoin is showing quite a lot of similarities than what we saw in June. Back in then the price already had formed a bullish divergence which many people believed would had lead to an instant upward movement. Instead it got rejected by the resistance level and retested the previous low level which lead to an upward...

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Diamond top pattern formation on the 1hour timeframe is hinting for possible reversal. It gets validated by breaking through of the both diagonal support lines (diamond's & ascending channel's). On the 4hour timeframe the market is showing indecisiveness as it has formed big wicks either side of the candles. This is strong indication that the market does not know...

yarr

Market update for Bitcoin: Sentiment is still very bearish and people are expecting lower levels according to our sentimental analysis. When there is a huge amount of shorts open (36700.13 BTC at time of writing) and the chart is showing a bullish signs such as bullish divergence then there's always a higher chance for the market to move upwards than continue...

yarr

BTC/USD update: The market is showing interesting turn up in here as the price tried to break below of $6.000 but managed to recover back above of it which states that the bulls are in control and they are looking to buy these dips. The price has been ranging in between of 0.236 fibonacci level and $6.000 support level for several days now and hasn't been able to...

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Last week we saw 7 days red in a row which is the new record during this year. Bitcoin has reached the key reversal area that is backed up by multiple support levels (more details down below). The price is already trying bounce off from this level and creating higher low. At the same time RSI has created lower low and pointing upwards. So when these two aspects...

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Bitcoin is currently at the attractive reversal zone and strong support zone formed by MA100, fib 0.386 and $7.400 support level. This is ideal zone for a reversal and a close above of MA100 is required to support upward movement. When the trend is bullish it should be expected to form higher lows and higher highs to maintain uptrend and keep it intact. As long...

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Bitcoin is currently testing a support zone formed by the $7.441 support, MA100 and 0.382 fibonacci level. This area needs to be maintained in order for the trend to continue. In my previous report I wrote about the chart pennant pattern and explained precisely which conditions are required for a bullish continuation to happen. It never reached the breakout...

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The price has dropped since the yesterday and it’s testing support area of $7.855 - $8.000. This is the first potential zone for a reversal and should expect it to test it few times on lower timeframes before establishing a solid support here. When the first zone doesn’t hold and starts moving downwards then it’s time to take a look at the next potential zone...

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Bitcoin is forming Pennant Chart Pattern on the daily timeframe. It is known bullish continuation pattern and activates after the breakout. What is common thing to see in this pattern? Volume diminishes when the price moves closer to the peak. The breakout is confirmed once it takes down MA200 and $8.400 resistance level. Volume is crucial part of the breakout and...

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Litecoin has been moving against MA50 without being able to break through of it and that’s why MA50 should be considered as resistance. The price is located close to the intersection of important levels such as linear resistance levels (MA50, downtrend line) and support zone ($81.7 - $79.5) which is located near to 0.618 fib level. If you didn’t know that most...