SpektreSignal

SpektreSignal

The market have continued to bleed and the global cap is down to $264B. Dominance is up to 68.48%. The price of Bitcoin is at 10,100. Price action broke to the downside under selling pressure, but has so far bounced off of the long-term support trendline at 9,855. A clear inverse head & shoulders pattern has formed based on the qualifying criteria: - Right...

SpektreSignal

The market cap has continued it's pullback and is down to $287B. Dominance has also dropped further and is down to 68.16%. The price of Bitcoin is at 10,900. Price action broke to the downside of the bullflag forming new trendlines and bouncing from a re-test of support at 10.700. Lower timeframes between the 1 and 4 hour have oversold indicators, but there is...

SpektreSignal

The market pulled back over the weekend and the global cap is down to $296B. Dominance has dropped and is down to 68.68%. The price of Bitcoin is at 11,400. Price action was unable to break to the topside and pulled back under the selling pressure. In 1 hour, the price fell ~700 or 6%. Overall, the price action is forming a bullflag, but the overbought...

SpektreSignal

The global market cap is slightly up at $303B. Dominance has inched up to 69.87%. The price of Bitcoin is just under 11,900. Over the past 4 days, we can see a clear range forming within the price action. 11,300 has held up as strong support, and daily candles are making higher lows. There are bullish Stochastic RSI divergences the 4-hour time frame (white...

SpektreSignal

The global market is down to $300B. Dominance is mostly unchanged at 68.72%. The price of Bitcoin is at 11,500. Price action rose from 11,300 to 12,100 before pulling back to 11,500 forming a range of price action between the two. Technical indicators on the smaller time frames suggest the price is oversold, the conflict between timeframes suggest short-term...

SpektreSignal

The market cap is up to $306B. Dominance is also up to 68.76%. The price of Bitcoin is at 11,800. Over an 8 hour period, the price action rose to 12,100 before quickly pulling back to 11,400, indicating strong support near 11,000. There are 3 strong bullish indicators currently on the daily charts. 1. The TRIX is oversold and there is a bullish crossover 2....

SpektreSignal

The market cap is down to $304B. Dominance continues to rise and is up to 68.36%. The price of Bitcoin is at 11,600. Yesterday, the price action rose up and re-tested resistance at 12,300, which correlates to $14 billion in volume. However, that volume came and went in under 4 hours time. Because the price action was unable to breach above resistance and...

SpektreSignal

Over the weekend, the market continued its upward trend. Today, the global market cap is up to $310B. Dominance has risen and is up to 67.70%. The price of Bitcoin is at 11,700. The price action rose up from 10,500 to 11,950, stopping just short of resistance at 12,000. The stochastic RSI has moved into overbought territory and the RVI is indicating high...

SpektreSignal

The market has pulled back down to $282B. Dominance has continued its move up and is at 66.14%. The price of Bitcoin is at 10,400. Price action was rejected at 10,700 and has pulled back, the current daily candle is squeezed between the conversion line and base line, with the conversion line acting as support and the base line acting as resistance. However,...

SpektreSignal

The global market cap has continued its run and is up to $280B. Dominance has followed and is also up to 65.72%. The price of Bitcoin is at 10,300. Price action has had further continuation upwards after the price action pulled back from 10,100 and bounced off of 9,800 support up to 10,400. The stochastic RSI has broken it's resistance, which further suggests...

SpektreSignal

The global market cap has risen up to $275B. Dominance is up to 65%. The price of Bitcoin is at 10,000. Price action was able to break above the short-term resistance, moving up from 9500 - 10,000. The Stochastic RSI is above 30 and the RVI shows us that momentum is picking up while the volatility is lower than the prior crossover rejections that took place on...

SpektreSignal

The market has it's slow and choppy price action. The global cap is up to $265. Dominance has not moved at all and is at 64.47%. The price of Bitcoin is at 9,550. Price action has continued to stay confined within a tight range conveying both indecision / lacking interest in the market currently. Lowering volatility and heavily oversold indicators point to a...

SpektreSignal

The market pulled back over the weekend and is down to $263B. The dominance has undergone very little rate of change and is up to 64.44%. The price of Bitcoin is at 9,500. Over the weekend, there was a pullback caused by $20 billion exiting the market cap in less than an hour. Yesterday, there was a $10B dollar fakeout in which the price of Bitcoin dipped to...

SpektreSignal

The global market cap has moved up to $273B and dominance is down to 64.25%. The price of Bitcoin is at 9,800. The squeeze on price has continued another day without a break for confirmation. The price range over the past 3 days is making higher lows and tightening into a sharper range conveying the amount of indecision in the market regarding current price...

SpektreSignal

The market is down to $267B. Dominance has fallen further and is down to 64.38%. The price of Bitcoin is at 9,600. Price action has fallen slightly below trendline support and is re-testing the 9,400-9,600 price range. The stochastic RSI tells us that the price momentum is lowering. However, the RVI is dropping in proportion and has dropped to as low as 30....

SpektreSignal

The market cap is down to 276.46B. Dominance is down to 65.87%. The price of Bitcoin is at 10,200. Price action dipped as low as 9900 under short-term selling pressure. However, there has been buying on all the way down as can be seen by the wicks on every daily candle. The price range is also tightening between the short-term resistance trendline and the long...

SpektreSignal

The market has been moving sideways and that movement has remained stagnant over the weekend. The global cap is at $277.52B. Dominance is at 66% and the price of Bitcoin is at 10,100. Over the weekend, the market cap did not fluctuate more than 3%. Dominance did not even move .5%. The lack of volume conveys an extreme lack of decisiveness from market...

SpektreSignal

The market is down to $277.78B. Dominance is slightly down to 66.57%. The price of Bitcoin is at 10,450. Over the past day, the price action has been ranging between 10,000 and 10,700. On the 1-hour time frames a clear bull divergence has formed between the price and the stochastic RSI which tells us buying pressure has followed the price up in the order...