On the 1 Year Anniversary of Bitcoin's historic breakout from long standing resistance at $20k, let's zoom out to a 1 year chart to get some perspective with some help from basic technical indicators and a look at how liquidity is shifting in the order book with help from FireCharts 2.0 (beta) from materialindicators.com. I'M NOT A FINANCIAL ADVISOR. Nothing I...
BTC Bulls could be running out of steam. I've been wary of a pending dump, in part because, we've seen the market makers stir things up when the order books get thin, and also because Trend Precognition, VWAP, and dwindling support in the orderbook are indicating that the market could be in store for a pullback. Overbought BTC has been overbought on the 4...
Defining whether the market is in a bullish or bearish trend at any given moment is relatively easy. but the ability to determine when a trend will revert is a completely different science. Of course there are a number of technical analysis principles and trading indicators that help do that on a micro level, but defining when the macro trend will change is a...
Here's an idea. *Not financial advice. BTC is coiled up for a breakout and the market is percolating with anticipation. Unfortunately for the bulls, thus far every attempted breakout seems to be a fakeout back to the downside. Trying to figure out what is causing this, and also curious why all of the local support ranges seem to be in roughly the same size...