Already tired of this chop? If so, well you better tuck yourself in for a long winter because it's not looking like a move on will start soon. On the 3th of september bitcoin made a move out of the range and found support on the previous range. It was key here to hold the Composite VAH and Ledge. When support was found, there was only one way for price to go and...
ENG is showing an under-over pattern. Below support the most volumes were transacted meaning this was likely a reaccumulation range. Right now it has reclaimed the previous support and has shown a retest on the weekly and twice on the daily. With the possibility of a 66% and 130% move to the upside this level has low risk to take a position. A stop below the VPOC...
In the chart are the macro levels pointed out. These are the only levels that really matter on High Time Frame. The range of 9300-1200 has now been protected by sellers two times. THE LEVEL to beat for bitcoin to be macro bullish again is 10500. Inbetween that level lays the POC of the recent run down at 85-86 I expect a pullback at that price since there should...
The only data a trader can base his decisions upon are price, time and volume. Yet many traders don't use the latter, they don't use it at all or they only use the traditional volume bars. A trader should be aware those bars are only based on volume at a certain time, not volume at a certain price. This means the majority of traders use only price and time to...
In the chart above you're able to see where big players took positions, this gives insight in where they will defend their open orders. Recently bitcoin bounced from a high volume area where previously buyers took positions, it did not yet come all the way down to the previous range POC. If this intra-day uptrend continues I expect resistance around 7100. At that...
Bitcoin is near the top of the range, just above price is a high volume node which is strong resistance. If bitcoin succeeds to hold the HVN 7100 level which is also demand it can test the 7500 level again ,if it breaks that we are looking towards a breakout to the 8000 area. When Bitcoin fails to hold the 7100-7050 level it will likely move back down to 6900.
Will Eth live or die? The yearly VWAP will decide. Right now Eth is testing the Y-vwap for the second time, in the past the vwap has been major resistance and support. Trend will be decided by a daily close above/below it.
This week bitcoin moved back into it's range. The 50 DMA is pushing it down, right now we are finding support on the 21 DEMA. Considering we have not closed above the recent range high in 5 days is looking more and more bearish. That said I only give it 60/40 right now, this because candles reveal indecisiveness. Wick to supply close below and wick to demand close...
Bitcoin forming a MS continuation pattern. It broke the Montly level at 7160 and has now retested the level as support. 1. Level as resistance 2. Breakthrough 3. Daily close above 4. Wicks below but still daily closes above the level. If the level holds likely more upside with first target 7700-7800 region.
After last weeks drop we are now trading inside the demand zone from the recent run up. The range high and low are exactly the same, a daily close above or below range should reveal the short term direction.
The 50 and 200 ma recently crossed forming a well known golden cross on itself this doesnt indicte short term price action but in the past a golden cross has clearly indicated a mentality shift to buy the dip. Combined with a hidden bullish divergence on the daily this looks like a bullish structure which could break upside. Target would be the swing fail.