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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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Ahoy traders! Today I'm providing trading information on Ethereum as it is looking very interesting. A symmetrical triangle appears on the chart which is known from explosive breakouts, continuation and that it can break either way. Even this pattern is known from a trend continuation but it is also known from false breakouts which increases risks when trading ...

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 ...

Ahoy traders! Another day started bullish as Bitcoin broke through of the previous swing level ($7.749) and briefly visited above of $8.000 level. The price hovers close to the psychological resistance of $8.000 and to continue it's journey further upwards it's necessary that the daily candlestick closes above of this level. When the price starts another rally ...

Bitcoin is starting this week by showing strength as it's trying to reach towards the previous swing high level ($7.795) that it needs to take down before able to move further upwards. The price is already above of MA100 level and the downtrend line which both used to act as resistance during the downtrend. It needs to hold both of these levels to be able to ...

The Price is moving inside of trading range and forming a bullish Flag Pattern on the larger scale. Before it's able to push higher it needs to take down the previous swing high on the daily which is at $7.700 level. It is acting as the major resistance level which can be seen on the daily chart. The measured price target for the bull flag is near to $8.800 ...

The market is showing a strong bounce from the first support zone near to 0.618 fib level and already breaking above of 0.5 fib level which signifies that the price is trying to push higher. The 4h candle needs to close above of 0.5 fib level to give reliance to this bounce and to the breakout. It's important to be patient and not to fomo in as the volume ...

Ahoy traders! The unleashed Double Bottom Pattern reached the first resistance level at $92 and returned back to the break out level. The question for now is that will it hold the break out level or break below of it? The price is staying above of EMA26 level and is at the neckline of the double bottom pattern at $86 level which could potentially turn in to ...