Gabe_MCB

Gabe_MCB

*For the purposes of correct lexigram the author has changed the phrase ‘Death Cross’ to “Red Cross”!!! For Bitcoin to confirm a breakout of the preceding Down Trending & Range Trend which has been occurring since 26th June 2020 BTCUSD must find a level of support above $10500 & continue to trend upwards from there, putting in higher lows & higher highs in the...

Gabe_MCB

For Bitcoin, currently, when we look at the BTCUSD price on a weekly chart, we can see that on the week of 16th December 2019 Bitcoin price action put in a Hammer on the weekly close. How to recognise a Hammer? A preceding downtrend, It looks like a square lollipop with a long stick, Has a tiny body, Has no or little upper shadow, The lower shadow is at...

Gabe_MCB Updated 

This is BTC Technical Analysis. Current price is in the $7400 region, which is up around $400 since the day started and is currently rallying. The BTC price action has been in the low $7000 range, since around about the 23rd November (wicking down to around $6400 &, up to the $7800 levels at times). The current macro trend remains as a downwards since the...