SpektreSignal

SpektreSignal

Today, the market is up to $284.33B. Dominance is down to 66.61%. The price of Bitcoin is at 10,600. The price was able to break above the short-term resistance trendline as well as the resistance at 10,500. After that, the price re-tested resistance at 10,700, but failed to break through. Since then, the price has been ranging between 10,100 - 10,700. There...

SpektreSignal

The market is up to $260.91B. Dominance is up to 67.34.% The price of Bitcoin is just under 9,700. Price action was able to climb up from 9,000 and re-tested resistance at 10,000 before profit taking caused the price to pull back to 9,700. The stochastic RSI is forming a double bottom and if a crossover occurs above 20 and there is volume behind the move, we...

SpektreSignal

The market has continued down and has dropped to $256.39B. Dominance is down to 67%. The price of Bitcoin is at 9500. Price action was unable to break above the resistance at 10,800 yesterday and a quick reversal began taking place. Within a period of 2 hours, the price fell from 10,500 down to 9,400. Over the past 4 hours, the price has slowly risen making...

SpektreSignal

Over the weekend, we saw a relatively steep sell off pushing the price down from 11,800 down to 9,800. Today though, the market has moved begun moving back up and the global cap is at $288B. Dominance is up to 67.43% causing a very tight squeeze on alts. The price of Bitcoin is at 10,800. The price has been able to gain support at the Tenkan Sen (base line)...

SpektreSignal

The market has continued it's fall and is down to $302.92B. Dominance has risen above 66%. The price of Bitcoin is 11,000. Currently, we see the StochasticRSI has become oversold, and that is reflected on many of the smaller time frames as well. However, despite the price action to the downside, the RVI is still mid-way between its range bound area. That...

SpektreSignal

The market has pulled back down to $326.64B. Dominance is up to 65.84%. The price of Bitcoin is down to 12,000. Yesterday, the price action was able to break through resistance at 12,500, and quickly raced up to 13,200 before the price was denied by resistance. Since then, the price has pulled back to 12,000 - 12,200. Indicators still point to bullish price...

SpektreSignal

The market has inched up to $339.85B. Dominance is at 65%. The price of Bitcoin is testing 12,500. The price action from yesterday had enough momentum to drive us up to 12,800, but selling pressure was able to drive the price below resistance 12,500. Currently, we can see that the price action is testing that resistance level. The stochasticRSI has just...

SpektreSignal

Over the weekend, we saw a nice break to the topside of resistance. Today, the market is up to $337.39B. Dominance has risen with the price action and is up to 64.22%. The price of Bitcoin is at 12,300. Price action was able to break to the top of the bull flag moving from 11,300 up to 12,300. Bull flags indicate continuation of an upward trend, add that...

SpektreSignal

The market is pulling back today. It is down to $309.25B. Dominance is dropping and is down to 62.99%. The price of Bitcoin is hovering just under 11,000 at 10,900. Today, we will be using the 4-hour timeframe for a closer look at the price action. The stochasticRSI failed to crossover and the MACD is turning bearish. The price rejection at 11,400 resistance in...

SpektreSignal

Bull flag with a bullish divergence.

SpektreSignal

The market keeps moving up, today the global cap is up to $325.25B. Dominance rose up following the price action to 63.70%. The price of Bitcoin is at 11,600. The price action has been volatile, but Bitcoin continues it's overall upward trend. The StochasticRSI was unable to cross above 20, but the RVI is indicating a reduction in volatility. However, the price...

SpektreSignal

The market is up to $315B. Dominance is back up to 63.08%. The price of Bitcoin is at 11,300. After the price broke through 11,000, it was able to reach up to 11,700, but has been ranging between the two price levels since then. On the daily chart, we can see the StochasticRSI has begun to react to the bullish price action, but it has not yet crossed over it's...

SpektreSignal

The market is testing a bottom and is up to $308.46B. Dominance has is up to 62.57%. The price of Bitcoin is at 10,800. Today, we will be using the 1 hour and 1-day charts. On the hourly chart, 7 hours ago, the price jumped up from 9,900 - 10,500. Over the following 6 hours, the price has continued to rise. Although the Kumo has not yet reacted on smaller...

SpektreSignal

The market has continued to descend over the weekend. Today, the market cap is down to $300B. Dominance has dropped down to 61.64%. The price of Bitcoin is re-testing support levels at 10,200. From a technical standpoint, the bottom has not yet been found, but the Stochastic RSI has dropped to 1.87, and the RVI has moved below the halfway point at 50. As the...

SpektreSignal

The market has rapidly dropped overnight and is down to $305.80B. Dominance is slightly down to 62.50%. The price of Bitcoin is re-testing support at 10,500. As per usual, the Bitcoin volatility is keeping this uptrend exciting. In a span of 24 hours, Bitcoins market cap lost $50B out of the total ~$250B it was at previously. It is currently just below $190B....

SpektreSignal

The market ran all the way up $380B. Since then, the market is down to $354B. Dominance has risen all the way up to 63.08%. The price of Bitcoin is at 12,600. Price action pierced all the way up to 13,800 before profit taking began, which has caused the price to pull back to mid 12,000. On smaller timeframes, we can see that the price dropped from 13,650 down...

SpektreSignal

The market continues its ascent! Global cap is up to $330.63B. As money continues to shift from altcoins and into bitcoin, the market dominance has rose above 60% to 60.91%. The price of Bitcoin is at 11,300. The current chart pattern is forming another rising wedge. Due to the market structure and broader economic conditions, there is a higher probability that...

SpektreSignal

The market continued it's upward trajectory over the weekend. Today, the market cap is up to $320.72B. Dominance has followed suit and is up to 60.13%. The price of Bitcoin has is at 10,900. After a successful topside break from the rising wedge pattern, the price quickly rose to 11,200 testing the next level of critical resistance. Over the weekend the price...