dennisdaiber

dennisdaiber

Ripple gains 25% back from a local low and is now facing EMA ribbon on a daily to push through. The price is currently at about $0.2554 level (on the moment of writing) against the US Dollar. The bulls would need to gain a further strength to break above the $0.2620 resistance area and in such case the price will test the main resistance at $0.2650.

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Currently, the price is heavily supported at this level by a visible volume range and is right in between the 200-day Moving Average and weekly EMA ribbon. BTC tested the ribbon twice in the past week and once again it was proven to be a significant support level, as it was able to hold the price above. As mentioned in our previous issue, bitcoin has never broke...

dennisdaiber

Currently, the price is heavily supported at this level by a visible volume range and is right in between the 200-day Moving Average and weekly EMA ribbon. BTC tested the ribbon twice in the past week and once again it was proven to be a significant support level, as it was able to hold the price above. As mentioned in our previous issue, bitcoin has never broke...

dennisdaiber

With the bitcoin price at $8400 the question arises, was it a bounce or a breather before breaking a major support level? Currently, the price is heavily supported at this level by a visible volume range and is right in between the 200-day Moving Average and weekly EMA ribbon. BTC tested the ribbon twice in the past week and once again it was proven to be a...

dennisdaiber

With the bitcoin price at $8400 the question arises, was it a bounce or a breather before breaking a major support level? Currently, the price is heavily supported at this level by a visible volume range and is right in between the 200-day Moving Average and weekly EMA ribbon. BTC tested the ribbon twice in the past week and once again it was proven to be a...

dennisdaiber

Coinbase added 3 new coins to it’s platform, now allowing users to trade Stellar (XLM), Chainlink (LINK) and Algorand (ALGO). The news that Stellar’s XLM is now also available for New York traders driven the price to grow 18%.

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Bitcoin price keeps plunging and even 200-day moving average was not able to hold the support. In this steep bearish trend BTC dropped over 20% in the past 5 days. 61.80% Fibonacci Retracement level suggests the next support to be at about $7200.

dennisdaiber

Bitcoin price keeps plunging and even 200-day moving average was not able to hold the support. In this steep bearish trend BTC dropped over 20% in the past 5 days. 61.80% Fibonacci Retracement level suggests the next support to be at about $7200.

dennisdaiber

Historically, when entering a bull market and breaking above EMA ribbon BTC on a weekly chart, bitcoin tends to consistently grow in price for 2-3 years. This time it might not be the case, if bitcoin drop below $7700. Will the bear trend turn into a bear market? We shall find in the near future.

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On a longer time frame the is a tunnel range within which bitcoin tends to move, starting all the way in 2015. The price broke above once in 2017 and after bear market was pushed down. In May 2019, BTC got back within the tunnel range and made an attempt to make another bull run, however was brought back down by bears. The support from the tunnel trend line did...

dennisdaiber

On a longer time frame the is a tunnel range within which bitcoin tends to move, starting all the way in 2015. The price broke above once in 2017 and after bear market was pushed down. In May 2019, BTC got back within the tunnel range and made an attempt to make another bull run, however was brought back down by bears. The support from the tunnel trend line did...

dennisdaiber Updated 

$BTC touched last year's downward support, now acting as resistance on our way to the 1.618 #fibonacci level (which btw lines up with November's low).

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Looking at an even more bearish scenario, technical analysis suggests that if the descending triangle pattern was to playout, the price would go to $6500.

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As it was forecasted yesterday Bitcoin broke out of the triangle to the downside, meeting the first support level at around $8500. BTC price sunk all the way down 18% and the daily candle closed at the first target. It was also supported by a significant spike in volume and daily RSI reached oversold territory. Today Bitcoin price is falling further. At the...

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On the CME Futures weekly chart the EMA ribbon is holding the price for now, however if we break below that, the next expected support level would be at 61.80% Fibonacci Level around $7300.

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With Bitcoin getting closer to the tip of a triangle, a breakout is anticipated at any moment. On a daily chart, we’ve seen a bearish cross as 50 MA went below 100 MA, suggesting that the path of least resistance is to the downside.

dennisdaiber

With Bitcoin getting closer to the tip of a triangle, a breakout is anticipated at any moment. On a daily chart, we’ve seen death cross as 50 MA went below 100 MA, suggesting that the path of least resistance is to the downside

dennisdaiber

Another signal for a bearish scenario would be to close the gap on CEM futures chart at $8500. It aligns nicely with 50% Fibonaci Retaracement level and filling the gap theory has proven to be a pretty accurate sign time and time again. In favour of bullish turn of events, there is a hidden bullish divergence, as we have higher lowes in price and lower lows on...