Hello everyone, This is October BTCUSD update. Since the beginning of October, the marked has been declining and resulting in significant battles for $8,200-8,000 range. The market sentiment has shifted more towards bears and we can see by the red daily volumes outnumbering green ones. It would be more practical to define a new short-term level of support of...
Hello everyone, Welcome to October! For the past week we had quite a movement in BTCUSD price. As I have mentioned in my previous analysis, failure to remain in $10k led us to support zone at $9,450 - $9,000 and failure to keep that range resulted in breaking the descending triangle, therefore providing some bearish market sentiment. As we sliced through the $9k...
Hello everyone, Following the previous TA, which was provided on the 18.09.2019, I would say the sentiment has shifted to bearish. Unfortunately, the Bakkt fundamentals did not fuel the bullish expectations and in fact it barely had any effect on the BTC price whatsoever. Even the hype behind institutional money entering the crypto ecosystem and causing...
September BTC update. Psychological support of $10,000.00 remains strong lately whilst the market consolidates for the big move. It seems that bulls and bears are aligning the prices with the upcoming Bakkt launch on the 23 September. Therefore, the future move could be expected in mid 20's dates of this month. Daily RSI indicates we could dip further down in...