BTC/USD Today, Bitcoin just had a golden cross of 50DMA & 200DMA. If everything will playout, this bullish fallen wedge should break to the upside filling up the CME price gap between 10080-10460. And that will start the new bull market uptrend in the coming few weeks.
BTC/USD Bitcoin is looking to set a temporary top at 10.4k areas as the previous daily candle is breaking bearish. Technically, overall market sentiment remains bullish as we are still anticipating the golden cross of 50MA & 200MA between 8800s regions which will be its strong floor area of support if BTC will have to come down to test these levels. There is also...
BTC/USD Bitcoin got rejected at 10.5k resistance but still following this upward channel. The price could drop to 10k - 9.8k next key support area which also coincides along with ascending trend-line support and the 50MA. If Bitcoin can maintain the next support, we may see another attempt to challenge the High at 10.5k. The best thing we can do for now is to let...
Bitcoin CME Futures Bitcoin keeps grinding to the upside showing non-stop of strength. Just recently breaks above 10k and previous key resistance areas from Oct 2019 Lower High. The only downside is, it still respecting this rising wedge pattern from the Low 6500s. Currently, challenging the upward trend-line resistance of the wedge and if it fails to break...
BTC/USD Bitcoin broke bearish of this bear flag on 2hr time-frame period. Currently, the price is testing previous support and upward trend-line coming from 8200-9100 two touchpoints. If we see BTC drops to 9600s and the RSI hits oversold on hourly time-frame we might experience a potential relief bounce to upper 9800s. At 9600 areas are our key support levels to...
BTC/USD Quick TA Update Bitcoin loves to fill the gap on CME Futures, especially on lower time-frames like in the Hourly periods. BTC touches the key trend-line upward support and the 50MA dynamic support as well. Bull's reaction was to quickly buy the dip pushing the price to go up over 5% quickly. We all know that BTC price action from mid-6k has been very...
BTC/USD Bitcoin closes the week above 10k regions with a bullish engulfing candle indicating strong present from the bulls during its rally from 6400s and now up over 55%. With the bullish cross of 12EMA & 26EMA telling us the weekly bias momentum has shifted to the upside after a strong breakout the trend-line resistance at mid 8500s. Bulls have a lot of space...
Bitcoin just entered the 10k regions and hitting key resistance area from previous swing High also the top ascending trend-line resistance of this rising wedge. The RSI is floating on overbought condition levels but this is what makes the price volatile when entering overbought or oversold levels. If Bitcoin will be accepted above 10k levels for the next few days,...
BTC/USD Bitcoin loses the 1hr time-frame uptrend after breaking this key upward trend-line support and closes below 50MA. Our target to the downside is between 0.5 - 0.618 Fib levels which coincide with previous resistance and has the potential to turn into the new support zone.
Bitcoin Dominance breaks key ascending trend-line support a few weeks ago that's why we are experiencing huge gains on Altcoins. Altseason may persist for a couple of weeks until the key support area is reached but still be cautious, BTC Dominance will have some pullbacks to the upside and some Altcoins may see downward actions for a couple of days before another...
BTC/USD Bitcoin is already touching the key resistance area but still has room to go up as the ascending trend-line resistance of this upward channel is still 4-5% more. The RSI is painting as a bullish inverse H&S pattern and barely entering the overbought conditions. We know Bitcoin loves to move in a parabolic uptrend, we can't remove the fact that the price...
Bitcoin Futures CME Bitcoin finally filled the gap between 9250-9130, now that this scenario is completed and the upward trend-line of support still intact. There is likely a chance we could see another leg up to hit 10k in the coming days. Priority is back to bullish again after the price re-entered the 9500 zones.
BTC/USD Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks. Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600 before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much...
BTC/USD Bitcoin found support again for the 3rd time at 9200s area, BTC started turning to the upside and has the potential to retest the swing top at 9600. If BTC can't break the swing High, there is likely a pullback at immediate support areas to push another wave up. Bearish side, BTC will come down and retest flat support area for the 4th time which will add...
Bitcoin CME Futures Bitcoin broke outside the upward trend-line support and EMA crosses bearish on the 1-hr time-frame. There is a price gap between 9250 - 9120, if BTC fell lower, this will be our immediate key targets for Short positions as this area also coincides with the previous support region.
Bitcoin CME Futures Bitcoin broke key trend-line resistance but CME Futures shows a gap price between 8583 - 8530 range. This area coincides with the EMA dynamic support and previous resistance zone which if BTC retests it will have the chance to turn into new support territory. If Bitcoin holds 8500 zones, I'm eyeing upside target up to 8900 regions.
Bitcoin CME Futures Bitcoin CME filled the price gap between 8763 - 8856 if this is a bad sign for the bulls, we may see the price reach our next key support area at 8300 - 8100 regions only after if BTC breaks 8500 support. Bitcoin is painting a bearish candle after filling up the gap and the price is trading below 26 EMA. The RSI is in the neutral zone and if...
Bitcoin CME Futures Bitcoin finally broke this bullish descending channel to the upside and manages to get above the 200D MA and holding it as support for 4 days already. Bitcoin is quite looking bullish during its breakout, we can see an increase in volume and the RSI still has room to enter the overbought conditions if BTC can make its rally to the mid 9000s...