CryptoSpaceMy

CryptoSpaceMy

Based on BTC daily chart, it found its temporary support at around $34k where it will probably test its $39k resistance again in the immediate short term. Stochastic RSI indicates that we will soon have a downward oscillation incoming which in the history had always indicate pullback. I expect a pullback coming after a retest of resistance at $39k which will then...

CryptoSpaceMy

BTC has been rejected thrice at $40k region. BTC will retest $37k support in the immediate short term, if it unable to hold this support, we will revisit $31k again. MACD showing a bearish cross and printing downward bar which indicates BTC is in a downward momentum. To invalidate, BTC must hold $37k support and break its resistance at around $40k.

CryptoSpaceMy

Based on BTC daily chart, it has been rejected at around $40k resistance for 4 consecutive days. This shows that the seller pressure is still very strong currently. We may see BTC retest its previous support to find stronger buyer pressure. MACD indicates that it is currently at the last phase of the downtrend in the short term meaning that the price may...

CryptoSpaceMy

Based on BTC 4H chart, it is currently breaking down from a rising wedge support. A break down from this wedge will give us a price target of around $30k. Furthermore, we can see BTC is unfolding a possible M pattern where it failed to break its previous high at around $43k. MACD is having a downtrend signal in the 4H timeframe which means we might see a breakdown...

CryptoSpaceMy

Based on BTC daily chart, it is now testing to break its bearish pennant resistance at around $39.3k. MACD signal line is currently forming an uptrend momentum. For confirmation, a candle close above the resistance and retest of the resistance turned support means that BTC are in a reversal uptrend. Otherwise, a rejection will bring BTC back to retest its...

CryptoSpaceMy

Based on BTC 3H chart, it is forming a bearish pennant where it usually plays out as shown on the right side. MACD indicates that it is forming a downward momentum. To invalidate the bearish pennant pattern, BTC must break the downward slope resistance at around $39k.

CryptoSpaceMy

XRP had followed its previous Elliott Wave twice and I expect it to follow one more time as the bull run have one more leg up. The prediction is predicted based on the second Elliott Wave as the first wave correction were distrupted by bad news which brought XRP price down during its corrective wave. Fractal and fibonacci retracement predicted that XRP may reach...

CryptoSpaceMy

Based on BTC daily chart, although it dips hard, but it created a higher low and is holding strong above the .5 fib level. BTC is testing its downtrend resistance currently and a green candle closed out of the downtrend resistance at $36.6k may be a good sign of a reversal trend. If BTC is rejected from its downtrend resistance, we may see a retest of support at...

CryptoSpaceMy

Based on BTC 4H chart, it is printing a possible head and shoulder pattern which may bring the price down to $30k in the short term. If BTC do not go lower than the previous low, it is still printing higher high and it will continue to march on. If it doesn't, we may see a pullback to $28k. To invalidate the head and shoulder pattern, BTC must break the head at...

CryptoSpaceMy

Based on BTC daily chart, it tried to break the .618 fib resistance at around $42k but rejected and now is back testing its support at around $39k. If BTC doesn't hold current support, it will back test lower support at around $37k. In the short term, I expect BTC fall to around $35k and form a reversal where this could bring more volume to the market and enable...

CryptoSpaceMy

Based on the hourly chart, BTC is forming a rising wedge where if this broke down to the downside may bring BTC price back down to around $30k region. MACD signal lines also indicating an incoming downward momentum. To invalidate this, BTC must hold its rising wedge support and break through the resistance at around $42k.

CryptoSpaceMy

This is what we called capitulation where the big whales wanted to enter the market with a lower price and they create FUD(Fear Uncertainty Doubt) into the market and causes panic selling adding up with prices touching many stop losses of leveraged position along the way creating a big long red candle. As the market touches the ideal buying price for the whales,...

CryptoSpaceMy

Based on BTC daily chart, it had a major crash yesterday but it touches around $30k and recovered to $40k instantly. Large volume reversing more than half of the big red candle. BTC touches .382 fib level around $30k and bounces back to .5 fib level at around $37k. In the short term, there are two resistance in this fib level and BTC will touch these resistance...

CryptoSpaceMy Updated 

Possible pullback or a long period of consolidation will occur in the coming weeks. If BTC breaks previous high, pattern will be invalidate.

CryptoSpaceMy Updated 

Prepare for a deeper dip!

CryptoSpaceMy Updated 

Cardano is not showing any sign of weakness despite the recent volatility of BTC . The reason why Cardano is still not making a move is because it has been rejected by 1.618 fib level($1.72) resistance, but not for long! If the 1.618 fib level is cleared, we will see ADA at $2.2.

CryptoSpaceMy

BTC had broke past its first strong support at .618 fib level at $43k. RSI indicating BTC is too oversold and it may likely to consolidate or bounce up to test its previous support turned resistance at around $41.8k.

CryptoSpaceMy Updated 

Lower high and lower low, BTC must break the downtrend resistance and close above it. If not, probably we will be rejected and proceed to form a lower low at around the support area.