Did post some some semi bullish tweets, (pls see profile for more info) with individual names. But let's touch on #altcoins as they are my fav :) 4Hr chart shows Did speak on positive divergence few times RSI over 50 = GOOD Bullish Moving Avg crossover HERE IT GETS INTERESTING Almost forgot that there's TWO inverse head & shoulder patterns for TOTAL 3 (no ...
Bitcoin has charged well from the bottom of the trend. In the near future, we will see the price of Bitcoin at $40,000.
(pls see profile for info) 4 Hour CRYPTOCAP:BTC was good, not great, but good volume. Good enough at least. Today looks heavy until you compare it to other days. DAILY #BTC closing above orange down trend with good volume = GREAT. Cyan line MUST HOLD for the Bull case. Longer term downtrend line is still intact. Closed leveraged #BTC trade when it was close...
Looking at the Day of BTCusd CRYPTOCAP:BTC #btc #btcusd #btcusdt as price action get rejected at first attempt on the weekly resistance if it manages to brake i do see monthly resistance holding price action and rotation to the down side will begin.
MIL:DOT If this isn't value i dont know what is. Retracing nearly ..... 100%!! as it just sleeps and sleeps until one day, DOT has RISEN. These plays are what makes your life change IF one can wait. If there is new people here, trust me when I say this..... DON'T be scared and FOOLED by the masses. They wan't you to think and somber about how crypto is dead and...
Traders, If you follow me elsewhere, you already know that I have unloaded the majority of my trades today. I will let you know more specifically what I am seeing in Friday's weekly update. But for now, in short, I want to point out that Bitcoin has been following all the technical indicators and rules like a champ. There is no reason for me to doubt that it will...
Typically my bitcoin posts don't get much engagement but the pace of the market makes it the most fun to follow. In my past bitcoin posts i have conveyed the same idea above. I have called this consolidation under 31k throughout the summer for awhile now. I think we get one more buying opportunity before 31k resistance is tested and broken for a violent move...
If you enjoy this analysis, please give it a like and a follow. In this analysis I want to take a look at Bitcoin's chart over the last ~2 years. Note that the top purple resistance of the channel is a direct copy of the bottom support. Time is running out for the bulls. BTC is just a couple of days away from potentially breaking below the yellow bullish...
After topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern. My expectation is that we're still going down. The 115 area seems like a decent area for a...
Hello everyone, let's look at the BTC to USDT chart on a one hour timeframe. As you can see, the price moved dynamically above the local downtrend line. After unfolding the trend based fib extension grid, we see that the first support is at $29623, then the second at $29423, the third at $29263, and then we have a strong zone from $29098 to $28867. Looking the...
Higher local rejections aren't marked because they appear to be tested, if you're doubtful, mark them yourself. Initial lows, supports, untested spots marked with hotpurple box. Testing support currently, also a local low has been created, either we regain it and hold to continue with the move up.. or more likely, break below and push on to retest initial lows...
After a spike to test $32k in late June and early July, bitcoin declined in mid-to-late July and tested the $28k level which held as price support. Today price is on the rise and testing $30k with a move back into the upper half of the Bollinger Bands where price hasn't been since mid-July. A bullish move here would be a push through $30k for an potential...
The Bullmarket Support Band has historically acted as a support level for Bitcoin prices during bull markets. It is a simple long TF indicator and price tends to retrace towards it. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band. WHY THIS MATTERS: The band just "flipped bull" on the monthly timeframe after a...
On Saturday, we drew attention to the bearish crossover between the 20-day SMA and the 50-day SMA. As much has not changed since that, we have no reason to change our stance and continue to think there is a good chance of Bitcoin falling lower (to the area around $27,00). We will update our thoughts once new developments appear. Technical analysis gauge Daily...
hello guys as you can see at the bottom of the chart I pointed out that the price touched the flip area, I mean: after that btc engulfed the last high and formed a QM pattern, therefor the trend changed from bearish to bullish!!! after that formed an ascending channel and keep it!! I believe the uptrend movement and long position because of the power of...
Since price has bounced before reaching our entry, it presents a good short trade opportunity towards our long entry area. Our long idea will come into picture after this short trade idea. Lets try this short before taking that proposed long since the opportunity is there. As mentioned the target should be the long entry zone around the LTF support.
Through the RSI we can see that bitcoin is extremely oversold. Whenever this has happened in the past, it has followed a rise in price. I believe that the bottom can be between 20k and 10k (not lower) and this is an excellent time to accumulate.
The price moved up and now facing some challenges in terms of resistance. The price is pulling back and likely to head down to the LTF support. This support lies around 29166-29236. I think a long is favorable from that support zone. The target of this trade should be 29560.