Blitz_analysis

Blitz_analysis

1 day chart shows really negative scenario which is the downtrend triangle is about to break to downside. And that means another round of plummet. MACD still below the 0 and there's no sign of cross above it. Currently waiting for the decision of the market towards this downtrend triangle. If it didn't broke, then probably it will continue to oscillate in the...

Blitz_analysis

It's unlikely to break the current support to me, current price is a great entry from 15 mins chart. but if it did the price would probably goes below 260. Yesterday's tumble stem from the charity sells, so far a lot of charity organizations received Crypto so short-term it will need cash out. In the long run the market is still positive.

Blitz_analysis

the price is testing the support area now, ideally we'd look for a long position and from 4 hours chart it already shows a long lower wick with the buying power. To be more confirmed we can wait and see some candle patterns to give us a good entry point like double bottom. So basically what we are waiting for is the price to go down and approach the black box, the...

Blitz_analysis

We are still on an uptrend and looking for a long position now. The current price could be an entry point with aggressive trading while more conservative would be a pullback to 303~313. Since we've seen that area has acted as resistance many times before and when we are looking for a long trade on an uptrend, it should be taken as a reference. Another thing that...

Blitz_analysis

With yesterday's rally up, (Mainly because of the sanctions that the west put on Russia, RUB/BTC trading volume surged). Influenced by this move, BCH also successfully stood above resistance, and now our next target would be 390. It is worth noting that the U.S. Department of the Treasury has issued new rules prohibiting Americans from providing any...

Blitz_analysis

The next support zone is 290-295 with a lot of frequency. The market has used this zone as support and resistance multiple times in the past. This area is extremely likely to move the market. In this case, I would consider this level as a potential entry point in a lower timeframe. If the market didn't head down, instead, it reassembles the buying power,...

Blitz_analysis

Perfectly rebounded from the support zone again and the price started to cross above MA lines. From 1 day chart, there's a big green candle with a high lower wick which shows there's still a lot of people who are buying at the moment and shows some confidence towards the market. The best situation is price keep heading up to the previous high (around 352).

Blitz_analysis

Still holding on to our support zone now, but the situation is getting harder, the global market keeps falling still caused by political tensions and any movement could lead the price to eventually break to the downside. Since the situation is highly unclear now, this could be a chance for cryptos. To some extent, Russia's organizations could use crypto to avoid...

Blitz_analysis

An expected rebound with an expected resistance above the head. so there could be two situations: the price will form a lower high just in the current candle then head down to break the support (260~270). or we will find a midpoint between the support and resistance which form a narrowed waving range 288~305 with low volume which I think would be more likely to...

Blitz_analysis

Seems like It's inevitable to test 260 again now. As we can see in the chart, the market keeps heading down and we barely see buying power. A big reason for the market fall should be the recent tension between Russia& Ukraine. Global stock indexes and U.S. futures fell. Futures on the Nasdaq-100 index stood 2.1% lower, while those for the S&P 500 dropped 1.4%,...

Blitz_analysis

The chart doesn’t look good. But if we analyze the volume carefully, we will find out that the buying power actually didn’t fade too much, which means there’s a slowly continuously buy activity. Plus with this rebound, the price do stand above to MA50 which is another good signal.

Blitz_analysis

312 proved itself as support again along with the buying power are not willing to let bears conquer this position at least for now. As long as the price stay above it. I'll be seeking for the long trade.

Blitz_analysis

The price approaches the lower band of the uptrend now and we can spot fairly buy power on the I hour chart. Though better to wait and see if the 4-hour chart candle can close above it.

Blitz_analysis

Blitz Bull: both long-term and short-term charts show we are in the uptrend. So inevitably the market will need to overcome the previous double top thus leading a stable raise. Blitz Bear: Since the 20th Jan's free fall now the rebound has gain back 2/3 in the peak time. If we fail to break 343 to the higher price then its likely a new round of downtrend will start.

Blitz_analysis

Buyers encountered pressure again in the previous high and this time the selling pressure seems to have worn up a bit. In this case, Our solid support and Upper-pressure level have narrowed the waving area Better to wait and see the market's choice of breaking direction

Blitz_analysis

Blitz Bull: With the lower timeframe started entering an oversold zone, the market has cooled down for the downtrend, more importantly, the previous support is still solid so it’s likely we’ll have a reversal. Blitz Bear: Since the double top, we have formed a lower high thus the next step would be breaking the previous low and creating a lower low.

Blitz_analysis

From the 4 hours chart we do found a valid double top, also there's a divergence after getting a red candle. Looking on the RSI, our first top was in the overbought scenario and our divergence does exists, with that being the case, as you can see market crashed after getting that double top at a major level of resistance. Also we need to find next potential level...

Blitz_analysis

The price is marching up again and it's highly like to break the previous swing high in order to keep the uptrend. On 15mins timeframe we saw a temporarily double top and now it has been broken. All we are waiting for is a double top on 4 hours chart and this could indicate another move up in the next few hours