Currently, BTC's actually staying around the real bottom range on lower trend of wedge, USD 7050~7100.
Deadcross b/w ma 20 and ma 50 has occurred since 4 days ago, and we expect that up rally will occur from (maybe) today to at the beginning of June after this sidewalking.
If additional drop happens today, it will touch 6985 first and then 6882 with long...
Both Short-term(green triangle) and midterm(blue lines) descending wedges are broken. Very positive signal for coming bullish trend.With the BTC rising, alts are also showing upward trend. Worrying situation of moving below 7.8k line is almost resolved, and that mid-tern declining trend seems to end after touch 7.9k with upward rally.
BTC showed inverse H&S...
Yesterday, there was an effective rally at the exact point on the lower line of small wedge(yellow circle). And then BTC successfully broke the upper line of small descending wedge, seems to be supported well, as you can see the red circle. One bad thing is that the volume is desperately small.
For those who didn't buy at 7.8k level, we recommened to enter at the...
Currentyl, BTC shoot up above the wedge and supported well on the long-term trend line(red). It seems to go up.
Several alts rebound, but I think this movement is just for keeping upward trend as a preparation for stong rally of BTC. (In previous upward rally, price of alt coins who had increased before BTC rally decreased less than other alts. And rised again...
1. Mid-term bearish trend was broken sine Apr, 14th.
As seen in the above picture, BTC price shoot up and penetrated the mid-term bearish trend line(red), and was supported very well. Refer to the red big circle on the right side.
2. BTC price goes up with very low BTC dominance., and if BTC shoot up again, price of alts/BTC would go down due to trade volume...
This is brief summary of current BTC market condition. For detailed idea publication, I'm preparing for it. Sorry, it's been delayed due to my job.
Anyway, it is very important point with regard to the current short-term bearish trend.
In the attached graph, the bold red line means long-term bullish trend line, blue dotted lines are short-term bullish rally,...
This is very brief summary of current BTC market.
The small rallies after hitting 6.5k level has failed to break 7.2k level, quite strong resistance.
But still there's effective support around 6.5k level, it means that the long-term bullish trend line still works as a support line effectively.
The matter is trading volume. Every rally of last 2, 3 days failed...
This is my first technical analysis post in trading view. And, I want to inform you that every post is just an analysis and prediction based on my opinion. Nothing is sure in this too capricious cryptocurrency market.
As we can see on the chart above, I drew trend line based on lows at last Oct, Nov, and this Feb.
This trend line works as the strongest...
