Hello, traders! Let's talk about potential scenario for the Bitcoin price. FUNDAMENTAL ANALYSIS First of all you should know what are the reasons of the current correction. As we told in the previous analysis the first dump was due to huge amount of Bitcoins deposited on the exchanges. The supply exceeded the demand and the price went down. After that the...
Let's take a look at the Bitcoin price action history since 2017. We can notice that the price formed the important Fibonacci levels with the swing high of 2017 ATH and swing low from the beginning of the 2019. When the price correction occur in January 2021 it found strong support exactly at 1.68 Fib level ($30000). This was the sign of the current bull rally...
Hello, dear subscribers! Today the traditional markets has a rapid decline and this fact have an impact on the Bitcoin price action. We saw another one attempt to break the key support level of $30000. Now it seems that the price bounced off this level ,but it is not confirmed. The very dangerous sign is the head and shoulders pattern which has already been...
Hello, dear subscribers! Today we are going to talk about the warning sign which the market gave to us. The Bitcoin price is going to form the big descending triangle. We can identify clearly three points at the upper and lower bands. Now the price is next to the lower band level. If the price is able to bounce off it we can see the upward move to the upper...
Hello, dear subscribers! The Bitcoin dumped today significantly. Today we are going to estimate global targets for the pessimistic scenario for the Bitcoin. First of all take a look at the all bullish rally since October 2020. We can notice that during corrections the price always found support at the 30-day EMA. Now the price clearly broke this line down. This...
Hello, dear subscribers! Today there was 20% dump in Bitcoin price. We will try to understand is this is correction or begiining of a huge crash. We can see that yesterday the price formed the symmetric triangle which was broken down. This is a clear bearish sign and we saw the natural dump after that. The price tested twice the R2 level of $37000, second time...
Hello, dear subscribers! Today we are going to consider two possible scenarios for the Bitcoin price. We ask you to support us with likes, it's not difficult for you and it will help us a lot. Thank you! As we can notice on the chart the price has a pullback from the $34800 level to $28000. As a result we can define the swing low and high to define the Fibonacci...
Hello, dear subscribers! Let's consider the ETH price movement analysis. Today we will talk about two interesting scenarios. The main scenario for the ETH is the bullish one (green line). The price now is in the ascending trend channel and more globally there is an uptrend for ETH too. If the price will break through above the ascending trend channel it reach...
Hello, dear subscribers! Today we receive a new evidences for the future BTC price growth. Let's take a look on the Fibonacci retracement level, which is based on last 5 days price swings. We can notice that the price fluctuates strictly between the R1 and R2 CPR levels. The 61% Fib retracement is very impoptant level because it is a strong support and resistance...
Today we noticed very interesting coincidence about BTC price movement. We have it's behavior near the 2019 HH on the left part of the chart. There was almost the same price pattern: the massive growth, dump to the CRP monthly level, huge pump to the Pivot R1, R2 and R3 levels and after the pullback scenario. It is obviously that now the BTC price is in the...
BINANCE:XRPUSDT Disclaimer: I am not trying to spread FUD :downtrend: for anyone who takes offense :sell: or has the feels :rip: about such a thing (it really gives a new meaning to bull in a china shop, lol). I just like having fun while trading and I like being right ( don't we all? ;) ) Here and above is my new chart adjustment and my own entry into this...
Hello, dear subscribers! Today we will talk about the possible BTC price movement scenarios. Now it is the key moment of the future BTC price levels definition. First of all, we can see that the price bounced off the global 2-month trend support line. It is a very strong support and breaking it down will mean that we can see a huge price drop. Yesterday the...
It is very difficult to precisely forecast the BTC potential growth limit, but we will tell our opinion, based on some interesting notification. Let's assume, that the 2017 year scenario will repeat. We had a base level (fundamental price) approximately $3800 for 2017. The huge growth phase lasted almost 70 days. Nowadays, if we look at this pattern, apply to...
Hello, dear subscribers! Today is a very important day for the definition of the future Bitcoin price movement. As we can see on the chart, there was an ascending triangle on the global uptrend which was broken up 4 days ago. The price became falling on 13th November and formed the expanding wedge. Now the price is testing the support line and its potential...
Will GBPUSD will rise up on the First Quarter of 2019, will might see.., ( this is just an idea, market might do beside from what I've think when construct this idea ) if this week high where it priced 1.33503 which is reached yesterday, and if today high didn't even seem to pass P/L(price level) of 1.33503, i might just looking forward to short the market. All...
Contains every bit of info that is useful to me. Break out price aren't that accurate though. I'll have to perfectionise those when the time comes.