Bitcoin is currently trading in a possible rising wedge, furthering evidence for a bearish case that may bring the euphoric bull run to an end. A break above, would negate our theory completely; however, we always want to trade the market with both bias. Understanding both sides of the concept is incredibly important, considering all things. For example, Bitcoin...
Bitcoin only has three possible scenarios and needs a lot of momentum at these levels in order to make sure we get through the HEAVY resistance zone. But with our evidence gathered up, we feel like Bitcoin can be falling for lower levels, which isn't an entirely bad thing! Fundamental & Technical Reasonings: 1. Bitcoin is currently showing no strength in the...
Here is a clear representation of the X Force trading strategy that requires only one thing from every trader out there: discipline. Now, the most important question that new traders entering the market is, "when should I buy?" If you look at Bitcoin, or even the NASDAQ, Dow Jones Industrial Average, you will note that all of these charts have one thing in...
Bitcoin has racked up sufficient evidence that may be putting itself in a downtrend for the time being. We are almost confident for the USD to bounce, while Bitcoin does a temporary correction towards lower levels, possibly hitting 9.7K if the USD decides to continue going up. Technicals: 1. Clear BULLISH divergence on the USD Index (DXY). 2. Clear BEARISH...
Icon (ICX) has been doing incredibly well respecting support levels. But it seems like demand has been racking up with higher lows being created, meaning that with each retrace, people are seeing more opportunities to buy ICX before support even reaches. A technical higher low is a very bullish sign on the weekly. We can be potentially looking for a massive...
In our previous update, we have mentioned a possible ascending wedge that may have secured the psychological support at $400 USD; however, with Bitcoin confirming a change in trend with a clear bearish divergence, Ethereum is now following the footsteps of Bitcoin's price action: Technicals: 1. Support is now turned to resistance, possibly. 2. RSI is...
Continuing from our previous update, we have given the immediate scenario of Bitcoin possibly falling down to lower levels, and is now currently playing out: We believe this can be the next scenario: 1. RSI continues making lower highs 2. Lower highs can continue making bear flags along the way down, as depicted in our chart above 3. Profit taking would...
Bitcoin 1 Day (1D) Short Idea: 1. Failed attempt to break out of ascending triangle 2. A break below this would be very bearish The most important thing is time and patience. Bitcoin is currently trading within our suggested parallel channel that we have previously mentioned; however, it's having problems sustaining support at these levels with rather low...
This is a BTC long idea that we believe can bring BTC to higher levels on the weekly chart just based on the parallel channel that it has created. Nevertheless, we still believe a slight pullback would be helpful for BTC's continuation to all time highs. Trade Safe.
BTC can be seeing a correction if this gravestone DOJI comes into play. This can be a possible opportunity for bears to take over the situation and drive price down to our major fib level at around $9,800, which lines almost perfectly with our previous CME gap that we mentioned at $9,700 USD. We would like to make sure everyone know that a retrace to sub 10K...
XRP is currently painting either a bull flag, or maybe in another consolidation phase for the upcoming months. Depending on Bitcoin's situation, we can expect a ranged price action within the wedge we have drawn above. Trade Safe. X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public....
Ethereum (ETH/USD) might be consolidating more due to other coins showing their strength in the alt coin market. We may be seeing a small correction to 400 levels, but otherwise, we most definitely can be seeing a consolidation at these levels between the shown support and resistance lines on the chart above. With that being said, we believe Ethereum might be in...
Hello everyone, We hope that everyone is having a safe week! Here we would like to show you a massive overview of the Dow Jones - the longest raiding stock data available. The reason why we believe the bull run will continue is due to the 'Resistance Turned Support theory'. It suggests that IF all things considered the market continues to trend the way it is, we...
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it! The US Dollar and Bitcoin price correlation is almost sinisterly close to each other when we count the bull and bear runs from the years...
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it. Bitcoin is currently painting two different possible scenarios and we would like to break down both the bullish and bearish case via...
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it. BTC is currently facing two scenarios and has been hit with a wall of resistance at 12K levels. A breakout occurred in the previous days,...
X Force Global Analysis: If you find our analysis to be helpful, make sure to support us by dropping a ‘like’ ------ In this analysis, we take a look at one of the most underrated indicators on Tradingview: The Moving Average Envelope Indicator. One of the biggest questions that we get from our viewers is, "Is this the best time to buy BTC?" We believe this...
X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ Ethereum has been leading this bullish cryptocurrency rally of 2020. In this analysis, we assess Ethereum's weekly chart in order to determine potentiality of its long term growth. Analysis - To begin with, there has been a strong zone of...