SpektreSignal

SpektreSignal

The market cap has been choppy and is at $222B. Dominance has dropped a point and is down to 67.83%. The price of Bitcoin has been struggling between 8,200 - 8,300. Support zone 2 has held up well and buying pressure has been demonstrated in that area of support. The stochastic RSI signal line has risen over the mark of 20 in a bullish crossover. The RVI has...

SpektreSignal

The global market cap is down to $254B. Dominance 68.36%. The price of Bitcoin is at 9,600. Price action finally made a decision and broke to the downside of short-term support without re-testing resistance at 11,000. The stochastic RSI is oversold and has fallen below 20. There is a slight curl on the stochastic RSIs signal line, which could turn into a...

SpektreSignal

The market cap is down to $269B. Dominance has risen up to 67.75%. The price of Bitcoin is at 10,100. Price action failed to break above the resistance trendline and will be re-testing the short-term support zone. Smaller timeframes are overbought, which points to some more potential downside over the weekend. During that time, we should watch for support to...

SpektreSignal

The market cap is up to $272B. Dominance has continued to drop and is down to 67.54%. The price of Bitcoin is at 10,200. Price action finally had a break in price action and broke below short-term support before buying pressure quickly stepped in. The dip in price action which caused the price to drop from 10,100 down to 9,500, took place in less than 5...

SpektreSignal

The global market cap is up to $270B. Dominance has dropped down to 68.11%. The price of Bitcoin is struggling at 10,200. Bitcoin has undergone continuous selling pressure over the last 5 days, but the price has managed to stay above the short-term support zone. The selling pressure has kept Bitcoin from participating in the small rally that other top coins...

SpektreSignal

The market cap is up to $265B. Dominance is up to 70.29%. The price of Bitcoin is at 10,400. Price action was able to find support and bounce off the short-term zone. The next point of resistance price action needs to break through is 10,500. Smaller timeframes are overbought, but continued bullish volume flow would create a divergence causing continued...

SpektreSignal

The market cap is down to $259B. Dominance is up to 69.96%. The price of Bitcoin is 10,100. So far, there has been continual buying pressure in the short-term support zone. However, the daily candles tell us that there is indecision in the market and participants continued to sell above 10,300. Technical indicators are in conflict, the Stochastic RSI indicates...

SpektreSignal

The market cap is up to $248B. Dominance is up to 69.12%. The price of Bitcoin is at 9,500. Price action has closed above support zone 1 for the past 2 days, which tells us there is buying pressure here. Technical indicators are oversold the stochastic RSI could crossover during the weekend. Bearish: If price actions falls below support at 9,300, we could...

SpektreSignal

The global market cap has continued to drop and is down to $246B. Dominance is down to 68.96%. The price of Bitcoin is at 9,450. Price action is headed towards it's first zone of support ranging between 8,800 - 9,300. Ideally, we will see the price bounce from this support zone to it's resistance. The stochastic RSI has hit bottom, and a large bounce would...

SpektreSignal

Global market cap is down to $251B. Dominance is up to 69.26%. The price of Bitcoin is just under 9,700. Price action finally broke to the down side creating another higher low. Technical indicators are still oversold, but the stochastic RSI is crossing down, and there is not enough volume to influence the MACD painting a bearish picture. The pullback in...

SpektreSignal

The global market cap over the weekend has pulled back and is down to $266B. Dominance is up to 68.91%. The price of Bitcoin is at 10,200. No meaningful support or resistance zones were broken and price action continues to range and consolidate. Lower highs indicate that sellers are dropping their orders in the books, and higher lows show us that buyers are...

SpektreSignal

The market cap is up to $271B. Dominance is up to 68.71%. The price of Bitcoin is at 10,400. Price action continues to range between 9,900 - 10,500. Until the next major support or resistance point is broken, we remain neutral on directional bias. Smaller timeframes between the 15 min and 1 hour are bullish, but the four hour is overbought. If there is...

SpektreSignal

The market cap is slightly up to $265B. Dominance is down to 68.49%. The price of Bitcoin is just above 10,100. For those in Discord, we can see Bitcoin has been ranging between 9,700 and 10,100 on the 1-hour chart. Bitcoin needs to break above short-term resistance at 10,300. However, indicators on the 1 & 4 hour timeframes are overbought indicating more...

SpektreSignal

The market cap is down to $264B. Dominance is down to 69%. The price of Bitcoin is at 10,100. Yesterday, the price was unable to hold support at 10,700 and pulled back to 9,850 and has since moved back above 10,000. Smaller timeframes show low levels of volume, if the price cannot close above 10,500, we could have another leg down to 9,700. Bearish: If...

SpektreSignal

The global market has remained mostly unchanged and is at $277B. Dominance has has risen up to 69.30%. The price of Bitcoin is at 10,700. Price action has pulled back from 10,900 and has been able to find support at 10,700. If the IH&S pattern plays out, we should see the price action reach it's next resistance point at 11,300 by the 24th. Over the next 2...

SpektreSignal

Over the weekend, the global market cap has risen up to $277B. Dominance is down to 68.91%. The price of Bitcoin is at ~10,700. Price action has been following the trajectory of the IH&S outlined. Trendlines has been adjusted. On the daily charts, the current candle is testing a resistance zone at 10,700. Volume has risen the past two days. The stochastic RSI...

SpektreSignal

The global market cap is down to $269B. Dominance is up to 69.14%. The price of Bitcoin is at 10,400. Despite the decline in market volume, we can see the daily candle is making a higher high and higher low (bullish) The StochasticRSI is curling up, but has not passed any confirmation level, and both daily wicks tell us there is strong buying pressure below...

SpektreSignal

The market cap is up to $285. Dominance is roughly unchanged at 68.47%. The price of Bitcoin is at 10,200. Price action continued to drop overnight, but was able to bounce off of support at 9,480. Smaller timeframes are showing signs of bearish divergences between price action on volume If this upward momentum is to continue, we will need to see the volume...