After the sideways, the market boosted as the bitcoin market failed at attacking the $7,600 mark again. From the movement of the 1-hour chart, the resistance is at $7,600 while the support is located at $7,400. The market is about to shock in this range. And the MACD still ran above the zero axis. Focus on the pressure at $7,600 and see if the market can break it....
The market shocked in a narrow range as the Bitcoin market presented an adjustment from $7,400 to $7,600. The longs was weakened. From the movement of the 1-hour chart, the short-term moving averages are stable while the long-term's are climbing. A dead cross above the zero axis showed up in the MACD which means an adjustment is required. We should focus on the...
The market boosted and fell back, all the major tokens turned the green numbers to the reds. The Bitcoin market failed at attacking $7,200. From the movement of the 1-hour chart, the volume while the attack to the level of $7,200 was low, so it should be defined as a temptation. In addition, a dead cross has shown up in the MACD of the 1-hour chart, then fell back...
The market boosted again as the Bitcoin market broke the MA60 but the volume did not increase apparently. Thus, we still need to see if the market can stand on this position. From the movement of the 1-hour chart, the performance of the MACD is strong, and indicates an uptrend. However, since the volume was not enough, chasing needs to be careful. If the $7,000...
The whole market almost pumped as the BTC market attacked the level of $6,950, then limited by the MA60. In the 4-hours chart, the red pillars kept contracting, but it still ran below the zero axis. Since the rebound space was limited, and the pressure above was heavy, even the shorts was weakened but it does not mean that the longs starts being the main force. We...
The market presented different statuses as the Bitcoin market moved steadily and was shocked in the range from $6,800 to $6,900, then met the resistance at $6900. From the 4-hours chart, the volume while rebounding was not enough. We should focus on the support at $6,800, and the MACD runs below the zero axis. The shorts temporarily takes the lead. In this range,...
The market continued a weak adjustment as the BTC market met the resistance at $6,900. The longs temporally kept being careful. In the 1-hour chart, the market rebound resistance and the falling pressure crossed, which means that the market is about to choose the direction. We should focus on the pressure at $6,900; Before it is broken, long is too risky. Buying a...
The market declined as the BTC market has broken the level of $7,050 again. The shorts became the main force, and the market once touched the position of $6,750, then rose back by a few. Since continuous dead crosses below the zero axis showed up in the MACD of the 1-hour chart, the shorts took the lead. In addition, when the market went down, the volume became...
The market remained a shock and fell back. The Bitcoin market kept running above the level of $7,100. And in the 1-hours chart, it remained a sideways from $7,000 to $7,200 as the MACD presented a narrow run around the zero axis. We should be careful that a dead cross may show up due to the adjustment with a low volume, it may cause the market to plunge. Focus on...
The market presented numbers in different colors. The Bitcoin market increases gradually in the 4-hours chart. After the volume released yesterday, the market now climbs with a volume less than that of yesterday, which made the movement become steady. We should pay attention that if the market will attack the pressure at $7,200 again. Once it is broken, the market...
The market remained a weak adjustment as BTC fell back to the level of $6,850 after it failed at attacking the pressure at $7,000 since the volume was low. A dead cross showed up in the MACD of the 1-hour chart, which means an adjustment is required. Focus on the pressure at $7,000 and the support at $6,800. If it breaks the pressure at $7,000 and stands on it, ...
The market rebounded, and the BTC market rose back to the level of $6,850 with a low volume. The longs is weakened in the short-term and remained a shock from $6,600 to $6,850. Buy low and sell high within this range is available. A golden cross has shown up below the zero axis, since the volume was low, so the rebound was limited. The market is likely to remain...
The whole market declined as BTC plunged from $7,100 to $6,600. In the short-term, the shorts took the lead. The BOLL of the 4-hours chart kept contracting, and the MACD indicated a dead cross under the zero axis. Focus on the pressure at $6,900 and the support at $6,600. The defense of the longs at $6,800 has been broken. Short while each high position is...
The BTC market remained a weak adjustment above the level of $7,200 and presented a narrow shock near the pressure. The short-term uptrend is still ongoing. But before the market releases volume and choose the direction, the weak sideways will be kept. The longer the market keeps the status now to gain the energy, the stronger power it will gain. The MACD still...
The BTC market indicated a contracting triangle in the 1-hour chart, and continued a narrow adjustment in the range from $7,300 to $7,400. From the Volume, we can see that the volume keeps decreasing. A battle between the longs and shorts would show up at the end of the triangle. The market will make the choice of rising or falling. From the movement of the...
The BTC market remained a narrow shock from $7,200 to $7,400. The boll brand in the 4-hours chart started contracting as the volume kept decreasing. In this case, the longs and shorts are both holding their power. Once the volume is low enough, the battle would happen again. The current market is still on the process of the uptrend, and keeps running in the range...
The market remained a strong uptrend as the longs took the lead. The performances of ETH, EOS, LTC were attractive while their changes were more than 6%. The BTC market hovered around the level of $7,300. The movements of the BTC market in the 1-hour and 4-hours chart were bullish. Even a divergence showed up in the MACD of the 30-mins chart, but we mentioned...
The market continued surging as all the major tokens boosted. BTC once rose to $7,453 and created a new peak. However, since the volume was not enough, as the short-term divergence showed up, the market started falling back by a few. In the short-term, the MACD of the 4-hours chart became strong, but the volume was not that perfect. It would be a hidden danger. In...