SmartCryptoAssociation

SmartCryptoAssociation

In a short term perspective: Bitcoin has had a bull squeeze and is slowly moving down. The volume indicates that the price wants to move lower by having higher volumes during downwards movement. Open interest is very low at the moment. If price falls below $4420, it will probably trade lower, back in to $3K ranges. However, if the price falls, it will be...

SmartCryptoAssociation

Price would need to close above $5500 during today's weekly close to maintain, what some may call bitcoin's last moving support. This is non-other than the big 200 weekly MA! This support has been maintained from the genesis of bitcoin. If price closes above it, there will be a renewed hope for some bulls that in the long run, price will respect stock to flow. If...

SmartCryptoAssociation

no need for words ...

SmartCryptoAssociation

Price is near 200 weekly EMA. If the price moves below and trades below this, it would set a new precedent in the trend of Bitcoin. Will we bounce up or trade below? let us know in the comments. Stay safe and happy trading :)

SmartCryptoAssociation

What a drop hours after President Trump speech. Here is a long term perspective of today's move.

SmartCryptoAssociation

The volume is starting to come back in favor of the bulls , open-interest is relatively low, prices are being defended, and prices is traveling on the edge of the parallel channel. We think there are many reasons to stay patient as a bull. Are the bears strong enough for another massive drop? #bitcoin Cheers. :)

SmartCryptoAssociation

We see 3 scenarios playing out: Most Bullish - Price moves with authority through the bottom of the ichimoku cloud . This would mean there will be heavy support beneath and price moves higher soon after. Conservative Bullish - Price moves up or down, eventually moving up with many liquidations and heavy selling/over-selling along the way. Most Bearish - Price...

SmartCryptoAssociation

Here is another long term perspective, trying to identify market local bottoms. The previous patterns are highlighted. From the looks of it, there will need to be some sideways action where the market will have to agree on a bottom before a move up, unless we get a rare V-Shape correction. Like and Follow if you like these types of analysis or have enjoyed...

SmartCryptoAssociation

Bit of some perspective.

SmartCryptoAssociation

Price has fallen to upper $7K regions. Things to keep in mind for BULLs, the drawn parallel channels have been respected really well and the price is at support region on a descending channel, which usually breaks up. Golden ratio region has been hit, 61.8% to 65% pullback from the last significant high. There is a gap from CME futures chart that starts at 9.1K,...

SmartCryptoAssociation

There is a potential for a re-test of the previous price. We are looking for shorts.

SmartCryptoAssociation

The price is following this channel so well thus far. Taking profits from the last short, and looking for new short opportunities as an ascending channel breaks down most of the time

SmartCryptoAssociation

And the shorts won that trade, make sure to take profit!

SmartCryptoAssociation

Currently the price is at the top of the current ascending channel inside the larger descending channel. The drawn channel has been respected thus far and usually an ascending channel breaks down. However, the price is traded at the top of the channel, indicating the bulls are still holding the price. With a BULLISH bias, one could play the price up to...

SmartCryptoAssociation

Let us know what you think.

SmartCryptoAssociation

Price broke out perfectly from our descending channel, so well that it is consolidating above the parent ascending channel. As we watched the price yesterday, every hour; the bulls seemed weak, but the bear were also indecisive and even weaker. This meant that we did not need as much bullish volume to push the price up. if price finds support above 9K, we are...

SmartCryptoAssociation

Our channels are playing out beautifully with gorgeous profits all along the way. Hope this is helpful, happy trading! :)

SmartCryptoAssociation

As expected, the price has come down and gone sideways a bit. Looks like price is forming a mini bear flag at the top so the bottom channel. Price is also under most of the relative resistance, indicated by the VPVR. There is a higher probability that this breaks down.