Blitz_analysis

Blitz_analysis

Blitz Bull: As long as the price didn't break down the previous swing low, we are still under an uptrend, and this support level is valid. What we are expecting now is it will head to our next resistance which would be nearly the previous swing high. Blitz Bear: Price will keep retreating and eventually test the next support level where before has been a...

Blitz_analysis

Blitz Bear: We need to confirm if the price failed to make new higher highs, that is, there's not enough buying pressure for the price to continue higher in this uptrend. Secondly, We are looking for the price making higher highs, while RSI to be making lower highs, In this divergence situation, it is an indication for reversal in price and we are expecting a...

Blitz_analysis

Seems like it has created a reversal to uptrend and we are expecting a pullback to form a higher low. Still has a little space for a rally up in order to test the next resistant level

Blitz_analysis

The price has reached the resistance zone and RSI just hit over-buy area. It is very likely a small pull back would be happening. For now it's still under a consolidation area and we didn't see an exact evidence of breaking the consolidation. Will need to check if the pullback can stand above 300 then we can look for a long trade.

Blitz_analysis

first check the 4-hour chart, the downtrend triangle chose to break down to the downside, then in the 1-hour timeframe, it pullbacks and tested the resistance level while forming a double top. Now to confirm if this short-term reversal works, we will need to see some selling pressures to help us short the market. If the next candle closes above the blue box, It's...

Blitz_analysis

The support level has been broken with great volume. In a downtrend with the price creating a lower low, the previous low is slated to break thus 262 is not able to be a support anymore. The next support we can find in the history chart is at 237. Now the price is trying to pull back but resisted by the used to be a support but now-resistance level. It could get a...

Blitz_analysis

In 15mins chart we can spot a downtrend triangle, In this type of consolidation, the ultimate direction is still going down when we are under a big downtrend. With the volume winding down from the left to the right side, It could be a good chance to sell out when this triangle is broken down. Or after breakout the downside, it should have a pullback with meager...

Blitz_analysis

With the price going below MA 50, MACD gives us a different view which is the selling pressure is about to wind down. 280 is a support level and the next level would be 260. If this candle could end up above within the lower wick(white ellipse) then we have a chance to rally up again.

Blitz_analysis

switch to a smaller timeframe, we are still in an uptrend channel, and it's 's about to breakout. Meanwhile, this area has been acting as a high-value area since 22 Jan, with loads of resistance here. The good thing is the MACD indicator stated to mount above 0 and ATR keeps low position, there could add up some confidence towards the bull.

Blitz_analysis

gradually forming an ascending channel now so our next move would be even higher. Bulls are rallying up again and the resistance would eventually be conquered.

Blitz_analysis

the market fluctuation has been winding down in the past day, It highly likely will go up and fight for the first resistance level(302-310). For bears, it might be able to gain a small pullback first (create a higher low in the chart) then let the bulls rally up again to test the resistance.

Blitz_analysis

Yesterday it tested the previous low again and we can see it has been broken. For now we have a lower high looks like we heading down again. Blitz Bear: follow the downtrend either we create a big triangle then narrow down to choose a direction or we just heading down and create a lower low. both way would require a continuation of downtrend for a while. Blitz...

Blitz_analysis

Now is the consolidation after a freefall. The lowest price touches 265 which means the market price now only covers 8 percent back. Blitz bear: With the selling, the pressure keeps going on after this short-term consolidation, we might still head down to test the previous low again. Blitz Bull: Lots of people still want to buy at the dip and it's a good time to...

Blitz_analysis

BTC has reached a key support level, and BCH approached the low price of 344.1 that a slump happened on 4th Dec 2021. Looking for the market to consolidate here for quite a while because this price is also the previous resistance level when the price finally surged in Dec 2020. But for a weekly chart, a lower low is inevitable and prevailing emotion has been...

Blitz_analysis

A triangle in a downtrend is doomed to be a bear signal, with pressure getting heavier and heavier, the lower highs and high lows showed it in front of us. The market will choose the direction soon. We can look for a trade when the market broke this triangle or wait for the price to test the resistance level again.

Blitz_analysis

Horrible time here, everything is dragging down... It's heading to the next major level now, wait for a pullback to short. This is more like a slump so might not give a chance to rebound to the white box. Now just wait and see if it can be supported at the next level ( first blue box) and if not, further down to test the next one (bottom blue box).

Blitz_analysis

Seems like we have formed a double bottom in a 4-hour timeframe here. The candle shows very positive feedback of it and now we are retesting a midpoint, and this would be a good entry point if we switch to 15mins.

Blitz_analysis

From the 4-hour timeframe chart, It is trying to form a higher low, and the price stand firmly here, we are still under an uptrend. In the 1-hour chart, the price just broke a triangle and now is heading down. Either way, the next key support is around 375. Blitz Bull: Since there's a oversell plus price started to bounce back, the best scenario is a push-up...