The downward trend continues with the breakdown of weekly resistance now confirmed by the candle close and decent volume. It looks like the monthly candle is about to close below 21 EMA for the first time since the beginning of the bull market while monthly RSI is about to cross 50 downwards. If this plays out similarly to the previous bear market we could see...
So the price of Bitcoin has recently crossed a major resistance of 6800 on high volume, continued up for over 10% gain in a couple of days, then, despite being overbought on all time frames up to 1D went even higher, and finally retraced a little bit and I already see people calling a return of the bear. Did they expect it to go straight up to 10K or a new ATH in...
ADA has now broken out on good volume of what appears to be a double bottom. Coupled with the Coinbase news this should provide a good entry point for a long. We may bounce off of the yellow resistance area couple of times before advancing further, but as long as we stay above the blue support line it's all good.
(There may also be a bearish divergence on the OBV...
So you missed the pump and still want to board the train? Now's your chance!
BAT has been in an uptrend for quite a while now and Coinbase news likely mean it's going to continue. Some may say you could see the news in the charts before they surfaced, but I think it's more due to solid fundamentals than due to insider trading, as if you look at the charts of...
The Stochastic on 1D shows overbought and bearish cross, which has been pretty reliable so far. Judging by past behaviour the price is likely to continue downward till around $6000 level which may be a good place to go long, assuming we make and keep a higher low. The RSI crossing above 50 and going back down is also not a good sign for bulls and we're now back...
Looking at the big picture we appear to be nearing an end of a small correction in an uninterrupted bullrun. There was never a bear market, only more opportunities to acquire cheap Bitcoin.
I have been pretty sceptical about the whole bull run idea for bitcoin for a while after it failed to break over $10K and won't change my mind until we first break through $10K and then establish higher highs beyond $11.7K.
Right now we can see several strong bearish signals on the 4 hour chart including a pretty clear H&S pattern, selling volume spike and...
Don't lose hope in face of all the bearish TA and be greedy when others are fearful!
Now I don't think this is a very likely scenario but may be something to look out for. The challenging part is going to be crossing through all the heavy resistance around 300 dma. I also think we may go down further to January low around $6000 before that has a chance of...
