Once price ticked below 7850, bearish divergence was created on the 6 and 8 hour chart from the RSI. 6 hour bearish divergence target is 7600 8 hour bearish divergence target is 7400
Once 2 hour broke 8211 bearish divergence appeared. 8050 is my first target
Coin Savvy here with a quick short term analysis. There’s something I want to talk about and it’s the 377 ema. Before I hop in, I discussed in my last post ( ) about how if bitcoin crosses the monthly candle above the 21 monthly ema (bullish on a very high time frame) then I could easily see price action get up to around $6,000 or $7,000, it’ll take some time....
Hello crypto friends, I am Coin Savvy and I like charts. Check out this brand new analysis on Bitcoin and its 21 monthly EMA. The Bitcoin monthly candle is about to close here in 5 minutes and we need to talk about some things. Price action is RIGHT NOW sitting at $5260 and looking to close this monthly candle above this 21 monthly EMA (The 21 monthly EMA is...
Let me take a dive into price action today and how it has to do with 2014-2015 on a weekly chart. My name is Coin Savvy and I like charts. I really like Bitcoin too and have been involved ever since $2000 in May of 2017 and WOW let me tell you what a ride so far... let's get into this thing. Let me show you a monthly chart of Bitcoin in 2015 with a 50 ema (red)...
In 2014 there was a bearish crossover of the 128 EMA over the 200 EMA on the daily time frame on 2014-9-17 When that happened in 2014, the price went down by 15% to 381.5 within the next two days and it dropped 27% from there to 275 the next two/three weeks and whopping 38% drop from there to bring it to around 166.5 the next 3/4 months I am not going to give...
The price fell below the 50 week sma in 2014 and this is what is happening the past few weeks here in 2018 and I want to discuss it. This is how 2018 could play out if it follows in the similar direction of what happened in 2014 (which has been what is happening this entire time since 20k) in my opinion This analysis is starting in the week of 2018-5-21 where...
I am new to technical analysis however have been learning for the past couple months from some people like The Chart Guys, Tone Vays, and Carter Thomas ~ Thanks guys, you've been a huge help! Make sure to check them out, as they all provide a different perspective on the market and crypto. Anyways, I took a look at the differences between the 2014 cycle and the...
I am new to technical analysis however have been learning for the past couple months from some people like The Chart Guys, Tone Vays, and Carter Thomas ~ Thanks guys, you've been a huge help! Make sure to check them out, as they all provide a different perspective on the market and crypto. Anyways, I took a look at the differences between the 2014 cycle and the...