As you can see, btc is still currently on the bear trend, so be very risk aware on your positions.
The bullish sign is that btc closed above MA100. Moreover, BTC fundamentals keeps getting more bullish and halving is coming in less than 4 months! This could fuel the btc into the bull market as we have seen in the past.
Currently we are at the top of the channel...
BTC is currently in it's mid-range price zone and moving very close in between MA100 and MA200. The 10k area has always been acting like a magnet - a big round number that people always have in mind and we are getting closer to it again. There is no need to guess what the price will be in the future because no one knows. The best thing is allow the price to...
EOS trying to break multi-month resistance and is a good candidate to produce a big leg up. If btc will have another leg up we could see EOS really as did LTC previously. It could go up to 40% to next major resistance around $4.2. I will be watching this closely and enter a long position if I see that it break out the resistance. I would cut the position if it...
So Currently Bitcoin is in descending wedge pattern. We have seen multiple triangles (marked yellow) forming in this wedge, every one leading to breakdown. However, I don't think we will see this pattern again because the wedge is running out of space and soon btc will have to decide which way to go. Bear possibility is if we snap the wedge below 3400 it could...
So tomorrow ETH Constantinople Hard Fork is happening which should increase market volatility as usually it happens during most of the major forks. Currently in 4h chart ETH is in ascending triangle which suggests for continuation of a drop if it breaks the line. Since Bitcoin had a big leg down recently, and it is expected to have another one - the market...
We just broke out of a descending wedge. Bears momentum are drying out. Shorts were at all time high therefore this could line up for a possible bounce. If we can see retest again at 3600, I will be watching it closely, because if we breakout with nice volume, that is a good opportunity to enter a long position. I measured my targets looking at resistance and...
