Currently P action is sitting at the upward channel midpoint deciding to contend the ATH trend line for a pop to a new high. With traditional markets closing over the weekend Bitcoin has a chance to pop here and claim new group. However watch out for the consolidation zone below which may act as a stable place of price rest. For the Next 48 hours will watch...
Bitcoin P action remains in ‘Bullish price action’ territory above the break of 10485. Having nearly trickled 2 weeks above the 10k whole number Bitcoin is in a position to follow Golds run and potentially break higher. The 1st point is to break the swing high of 12340 above this there’s 2 points to contend with at 13175 and then the previous high of 13767....
Here we are in August and P Action has found itself to pop above 10 k to hit ‘Legs 11’ and play the volatile wick game. Now I won’t get into the vicious pull back that caught uneducated over leveraged retail traders unaware to blow up in the troll boxes and groups asking WTF, I just got rekt. But understanding that this market is made up of a wide range of...
Looking on the Daily overview into the weekend we sit pretty at 11028 price level. What a week to see Bitcoin stay present at this level and not retrace ‘violently’ (also to watch the trolls and perceived ‘experts’ come out and have a told you so flex). Going into the new week a break above the New ATH Trend line could see a run to 12k and if theres a break above...
Due to volume increase and a close above 10k on the daily channel seeing the order book flow with green numbers we’ve witnessed a break of 10500 happen. However what caught my attention whilst looking at the naked chart and then applying some things in the back ground is this potential upward channel formulating to add guidance to potential price points of Support...
Bitcoin Breaks 10k and P action looking to test the ‘Break 1’ mark (10400) and if pump through than look for fireworks if it can slam through the ‘Break 2’ (10484) price point also. As the new weekly candle has opened today with this fresh break into territory not seen since May/June I’m watching price movement into the daily close and where it opens for more of...
With a 1.4% increase over the Bitcoin market current P action is currently at 9555 breaking the swing high needed for strength and to break downward structure of lower highs. Bulls, if can maintain strength or trickles to the right will come up against The ATH trendline which of course the zone of price hitting its head against comes closest every day and is...
A 24 hour volume increase of an added 3.9 Billion has seen the orders flow in favour of the bulls to punch them through the trend line denoted in yesterdays write up. Todays daily open will see P action around 9400 which is at the base of the consolidation area above current price. For Strength this momentum needs to continue over the next 24 hours to break the...
And here we go, with more of the same sideways -------------- P action printing daily candles for two weeks in the same zone creating a consolidation zone within zones above and below. Yesterday I wrote about apexing which remains the same so watch the order book into this zone for a price flex in a direction. I feel like a broken record here, but P action...
New Weekly Candle open and the price structure of consolidation is taking its toll on the market with a 24hr volume coming out of the weekend being 12.9 Billion, a trickle compared to the 'norm'. Zooming in for strength the bulls need to break the price structure north above 9500 this week to show some force. Without the force then we are looking to break...
DRIBBLE DRIBBLE DRIBBLE All this sideways action with a drop in volume has seen P Action open at the 9150 mark. This last week into the weekend has seen bitcoin trickle downwards just above the next consolidation zone to the south. Resistance from above is still sitting there with this downward channel continuing to hold P action within. The ATH trend line is well...
Whatcha waiting for BTC? Which way do you want to break? P action consistently having a drip sideways with a dribble and a drop in volume, yet staying steady at the 9200 mark. ‘Just sitting here enjoying the yearly halftime show’ - Bitcoin Overall BTC is watching the resistance overhead stay stationary around 10k with trendiness moving south which could be...
Consolidation within consolidation, Bitcoin P action tightening up its range still being at the 9250 mark. Trickle trickle. Resistance from the top looking down with this being the 33rd day P action being under the 10k mark and not testing. Like yesterday, until BTC makes a significant move this price action is a little dull unless you’re averaging in if you...
Well P action has seen a 7 daily candle print in the same price range…With consolidation now below and above this 9300 price mark. Will this week see strength with bulls pushing up to break the swing high at 9750 or will this market simply trickle down and potentially break that 8850 area... Note the ATH trend line that has tipped itself under the 10000 area and...
Bitcoin P action is holding above the consolidation printed by the daily candles 4 days ago for 11 days consecutively. For strength these bulls need to drop numbers to prop up, back to the swing high they’ve created, pop above and attempt to test 9750, which of course with the resistance above will be a mean feat. Currently watching this triangle to apex play out...
Last 24 hours has seen volume increase from 13 Bill go over 19 Bill with P action going for a run north to there 9465 region. Downward Structure is still intact until a break of the swing high denoted by the target icon. Until then resistance above remains the same: - ATH halfway price point (below this meaning not as strong as to be above the 50% area) - Since...
Significant drop in Volume in the last 24 hours from 17 Bill to a measly 13.7. Coinciding with this is the third print for a trend line to form within the price structure of price region spoken of in last few write ups. > Note that some traders will draw from the wicks (I hold more significance here as that's where price has printed): With others using the...
A 2.85% push up has P action sitting around the 9400 region having broken the swing high spoken about in yesterdays write up. If bulls can sustain this slight trickle up the bearish structure will continue to get rattled. However note that if this transpires BTC will head back into a large consolidation area that its battled since mid April. P action below 10k...