SmartCryptoAssociation

SmartCryptoAssociation

As stated in the previous analysis, the price was expected to go up to test the lower 11K ranges and the price has moved up from the lows. Looking to take profit here. If the volume looks weak around the break of 11.2K -11.3K, I'd look to enter some shorts.

SmartCryptoAssociation Updated 

BTC is a staring to look weak. I am looking to short the confluence area with POC, golden ratio, high of the sideways channel, and previous resistance.

SmartCryptoAssociation

The volume on the move up indicates that the bulls are not in control at the moment and we are hitting the top of the range (VH). Looking for shorts until previous High is taken.

SmartCryptoAssociation

A bearish divergence is forming on the daily.

SmartCryptoAssociation

we came, we saw, we shorted the top and took profit

SmartCryptoAssociation

A bearish pattern forming. Looking for price to make a higher high (above 12k) to invalidate the bearish formation. Cheers.

SmartCryptoAssociation

The bitcoin price has broken down from the channel, came back to retest and was rejected and is not trying to find support at the golden ratio.

SmartCryptoAssociation

The price broke out of the channel, retested for support, and a rise up.

SmartCryptoAssociation

Bitcoin price has fallen after forming a bearish divergence and is in the process of forming one right now. If price can not make a higher high, push above 9.3K and close, it is likely continue lower. Highlighted are the next historical support regions in Green to speculate take profits, if BTC falls from here. Keep an eye on the volume for a fake-outs, the RSI...

SmartCryptoAssociation

Bullish: Is this a clear breakout of the down trending channel and a retest of previous resistance as new support before a move to a new high? Bearish: Price has still not made a macro higher high and has been rallying without a re-tracement. Could it be a long squeeze become capitulation down? share with us what you think is happening :)

SmartCryptoAssociation

Bearish: - BTC is trading at a macro resistance. - The momentum up is slowed down considerably. - Price tending to consolidate closer to the 21 daily EMA, possibly looking to test under the moving average to establish bullish strength. If not enough bullish strength is found, price will dump further. Bullish: - Price is potentially consolidating above...

SmartCryptoAssociation

The bitcoin price has back back up to retest previous support, now resistance and currently looks like it has created a a lower high. RSI14 and the price is making an argument for 2 divergence patterns: Hidden Bullish Divergence (Higher Low Prices and Lower Lows on RSI), which is a continuation pattern to the upside. Bearish Divergence (Higher High Prices with...

SmartCryptoAssociation

On the last drop, BTC was supported by the previous monthly and weekly close. However, the price movement from support and the price action volume does not suggest a very bullish bias. We are looking to add to our SHORTs if price goes back up to test the 21 daily EMA, unless there is a large Bullish volume.

SmartCryptoAssociation

From the last posts, we concluded the pattern is looking more bearish than bullish. We shorted many tops as the price bounced up every time, took profits on the bottom support of the channel, and was looking for a rise in price to find weakness. When price moved up to 9.3K, the decreasing volume suggested the rise price is going to switch. We took a SHORT position...

SmartCryptoAssociation

An update to our last post, the Bearish Diamond played out and the target is reached. Price is at local major support and was bought up on the close. However, we are still suspect of the bullish volume. Currently monitoring for a sign of weakness for the bulls, where we will look to enter some SHORTs.

SmartCryptoAssociation Updated 

Last night we spotted a bearish divergence on the hourly chart and the pattern broke down more than 4% almost immediately. We are currently eying a potential bearish diamond in the mid-term, signifying a trend reversal. If this pattern breaks down, our next support is at the monthly close, low 9K region. Let us know if you like this type of quick real-time...

SmartCryptoAssociation

The price is making a higher high, while RSI-14 is creating a lower high as highlighted in the chart. This is a text book reversal signal as a bearish divergence. Let's see if BTC will stay true to the technicals and drop in price.

SmartCryptoAssociation

With the hype of bitcoin halvening, there has been a lot of noise. Lets take a look at the actual price action of bitcoin and see what technical analysis has to say about it. For the last half a year, bitcoin has been trading in what looks like a descending channel (if you draw the lines from the top of the wicks) or a Broadening Formation (if you draw the lines...