The big bitcoin bull flag pattern, which began in March 2024, has officially come to an end yesterday with the break of the $70,000 level. This development suggests that the market has resumed its uptrend, which can be traced back to January 2023 or even as far as 2009. With the market currently hovering around all-time highs and the bull flag pattern having been...
The Bitcoin dominance level is approaching a significant resistance level, warranting attention. Although this chart is a representation rather than a real market, it appears to adhere to certain universal mathematical principles, suggesting that it may respond to key levels. Notably, a strong resistance level is present above 60.92, which could potentially cap...
Following up on our previous update, the market found support at the anticipated level, resulting in a double dip, and subsequently rebounded. From a technical perspective, we remain within the confines of the long-term bullish flag pattern. A break above the 70k level would confirm the end of this pattern and potentially trigger a new leg up. Meanwhile,...
Following a strong September rally that lifted the price from the lower boundary of the bull flag, Bitcoin is currently experiencing a retracement, with the price hovering around key support levels. If this support holds, it may set the stage for a potentially bullish October. Investors with a bullish outlook may consider entering the market at current levels,...
The current market sentiment appears to be shifting in favor of a bullish trend for Bitcoin. Notably, the cryptocurrency remains within the confines of a bullish flag pattern that began in March 2024. Despite this, bearish momentum seems to be waning, suggesting that a reversal may be imminent. We anticipate a potential breakout to the upside in the near term,...
The EUR/USD forex market has exhibited relatively low volatility in recent years, characterized by choppy price movements. However, technical indicators suggest that a significant increase in volatility may be imminent. While the fundamental drivers behind this potential shift are unclear, chart analysis implies a possible reversal in the long-term downtrend. A...
- This is an update to the Jul 18 post/idea - Following an enthusiastic rally, the market has finally taken a breather, dipping to the ascending support level currently at of $64000. There's even more substantial support at the $61,800 level, where we can expect more buyers to jump in if prices dip that low. Looking at the bigger picture, the bullflag pattern...
The market has undergone a notable retracement since March 14, spanning five months and encountering a significant number of sellers along the way. Despite this extended period, the market has demonstrated resilience, with dips consistently being purchased. Currently, we have reached the next resistance level, denoted by the red line at approximately $65,100. We...
What's going on with bitcoin, it went up to the top with such an hurry only to pause post halving, right now having a retrace. We can see there is a good level of support in the 57k-60k area, as of now it looks like holding the price up well. On the upside we have some (minor?) resistance around the 67k level. Technically speaking we are in a healthy uptrend,...
It's being a bit brutal but we're almost there, expect some good bulls bazooka at around 36k area. The next support level (very big!) is at 30k but i personally doubt we will get there, imo 36k support should give us enough bull power to resume the up trend or anyway have a sort of relief rally and consolidation. Eyes on 36k area, i will post an update when we...
After a strong 2 months wave, btc is now showing signs of small weakness, might this be the beginning of a retrace? Charts shows the upwave started on october is still pretty intact, we have good support at around 40k level (first yellow circle), ready to help the bulls. If such support would fail, the next bigger one can be found on 35k (second yellow...
The recent pullback seems over, with btc/usd hanging once again at 29/30k resistance level. 25k level worked wonderfully as a valid support, and some bullish wind is blowing on the horizon: - spot ETF - btc halving - the end of rate hiking (soon?) On the general worldwide financial foundamental situation we have so much going on, with wars, increasing public...
The upmove from the 2022 bottom was vigorous, hitting resistance at around 30k (as expected, i didn't make the pullback call because i don't like to give bad news). After a consolidation in such area, we are now getting a healthy pullback, i would not be surprised to see another short-term down push to at least $24500 level. From there one of these 2 things...
After a 2 years correction (congratulations if you bought in the 1640 area), seems like the final breakout is now a matter of time.
"Finally" (a bit painful lol) bitcoin is in a situation that might be a good opportunity to get in and buy at a good price. As always that's a 50/50 (no crystal ball) but if we are believing to the pump to $30k scenario, then (<$20k) is the technically correct price to buy in low. There's a bit of earthquake right now in the market (fundamentally), with...
Next target might be $30k, half way there already. We might not go there in a straight line (might have a dip or two in between), but we might as well go fast there! What happens next will be revealed later Might, Could, Would, not financial advice
The break of $9200 level, on 24 April 2018, signaled the official end of the dip/retrace started on 8 January 2018. Good News: - The market is now technically bullish again! - The UpTrend started on 2015 is still intact, and a new up-wave within such uptrend has just started. Bad News: - Sentiment, after such a big dip, while technically bullish, investors...
The DownWave started on 6 March 2018, finished on 7 April 2018. Some of you catched this mid-term bottom? More updates to come.. :)