This makes two times that the price action stalled for BTC at the 50 DMA. If it loses the recent pivot low just above 9000, there is a real risk that it will drop to the 200 DMA once it catches up to 7000. Bulls need to step up and hold this area when the next candle forms.
The 20-day moving average acted as resistance and stopped BTC from advancing higher. I think it's difficult shorting that area a second time. The move higher from 9000 needs consolidation. I would try going long over that 20-day moving average if it sticks. Bulls may be back in control but more information is needed.
This really doesn't need a whole lot of explaining. We saw BTC bounce perfectly off of the 50-day moving average. It's now closing in on the 20-day moving average, which should act as resistance and a good area to go short or sell any longs. I believe bears are still in control and that this is just a typical bounce in the progression down to 9000. If BTC has...
Not as much volume on this second burst up for BTC. It's time to retest the 50 DMA and scoop just below it to around 9000. There will be a decent bounce along the way.
After charging to 13,800, BTC has come down hard and is only showing lower highs and lower lows. The four-hour chart shows definite support at the 200 DMA and consolidation on June 17th and 18th. The one-hour chart has dipped just below support from June 27th and bounced at the 10,000 psychological support level. BTC needs to put in some higher lows and higher...
Fast trading in BTC on the 30 min. chart has led to a bounce near 11,400, which is also at the rising 200 MA. A "W" bottom on the 15 min. chart has created a strong rally, which has a good chance of reaching the recent high. Looking for hesitation there or another blast higher if it's able to break out again. Will have to see how it acts near 12,600 if it decides...
The BTC weekly chart is showing no resistance until just over the 17,000 range. The trend is up until it changes.
BTC has just about reached it March 2019 pivot highs 11,600 and 11,800. Expecting the party to slow down there.
The failed breakout in BTC is to be expected after a perfect W bottom and seven-day run with higher lows all the way. It needs time to consolidate before heading higher. Bears are in control in the short term here on the hourly chart. Will see how far this pulls back. Need some higher highs and lows to change the trend. You can't get more perfect than this W...
This BTC short-term top call was probably one of the easiest to make a few days ago near the major pivot.. While BTC may bounce a little before reaching its 20 DMA and 50 DMA, these targets are solid pullback areas now. The 20-day moving average is currently at 6250, and the 50-day moving average is at 5500. We will see what happens when those moving averages...
A tweezer top of the BTC daily chart indicates that BTC has topped near its last major pivot high of 8488, which occurred during July 2018. 20 and 50-day moving averages need to catch up as well as some healthy consolidation.
After nine days of hardly any movement, BTC finally decided to spurt to the upside with some volume. Looking at the daily chart, you can see the trend line resistance near 4000. It's only day two in this move off of that flatline action, so there's a high probability that the trendline will be broken. If that happens, it opens up a move to the 200-day moving...
The four-hour chart for BTC shows a reversal off of the resistance presented by the neckline of the reverse head and shoulders pattern. The failure to break out of this 3700 to 4200 range and flat moving averages make it difficult to predict direction right now. With no decent bounce... So far... at the 3700 level... a trip down to 2800 is still possible. Without...
BTC really needs to pop over the 50 DMA and hold for two candles. Otherwise, a test of 2800 is imminent. Lower consolidation below the recent high of 4240 on the 5 min. chart is not bullish.
LTC has a higher than usual volume on this rally, but it still fails to take out recent highs on the four-hour chart. Have the Bulls spent all of their ammo just to get to a lower high? If those recent highs aren't taken out soon, watch this drop back down to 20 - 22.
BTC has bounced off of its 20 DMA, which has taken it into resistance on the hourly chart. This volume isn't too impressive. It's likely this is just a dead cat bounce. I think we need to retest the lows still and am suspect of this rally. Note the topping tail on the one hour chart. BTC needs to consolidate in this area, preferably above that topping tail, if...
BTC and a number of altcoins stalled near their 50 DMA's. This pullback to the 20 DMA needs to hold. Otherwise, 2800 is coming, which will wash out a few more players.