We had a significant 30% pullback in the price of Bitcoin from the peak. Will it stop? Lets look at the indicators... The NVT has been in overbought territory for months, longer than any period in history. The Stoch/RSI is suggesting a bottom with a rise in the near term. The ADX is crossing into bearish territory. The Money Flow Indicator is neutral, but saw...
Looks like another consolidation period, will it go to another Yearly ATH or will it correct to lower levels? The Daily time frame suggests a near term move higher or neutral, weekly time frame suggests bearish, and monthly is turning bullish. The NVT is still in Overbought territory. The Stoch RSI is correcting towards a bottom. The ADX is neutral. Money...
There looks to be a descending triangle forming. We could go higher, if prices past 12k then we could go on to higher highs. 1hr - Bearish 4hr - Bullish 12hr - Bearish 1 day - Bearish 1 week - Bullish topping 1 month - Bullish Indicators: The Stoch RSI has topped and is descending. THE ADX/DI is looking to go bearish. The Money Flow has topped and is moving...
We are at a crossroads... The price was rejected at $13800, the weekly candle came all the way back down, looks bearish. The last 5 daily candles are coming down, we could see a small bounce mid week. If we cross back under the major blue resistance line, it would be a bearish indication. If we bounce we could see ATH, a peak around $40k if this goes full...
We had a 20% rise in price to $13800, then it popped back down to $11100. We have be at the peak on a descending trend for the next couple of months. NVT Indicator is way overbought and due for a correction. Stoch RSI is at a peak and reversing ADX is looking close to a peak. The Money Flow Index is at a peak and starting to head down. The current price is...
BTC on the daily is bullish, passed a major resistance line with little to stop it at this point. Weekly is turning bullish. Monthly is turning bullish. NVT is at all time highs. Historically this results in a major pullback. 3 scenarios: 1. We go to 13,500 in the coming weeks and pullback 2. We stall in a couple weeks and flatline for a month or two 3. We...
The daily chart is showing a bullish pattern. Weekly is showing overbought. The price is rising on low volume. It’s at the middle of the regression curve line. Its at the 4 year resistance line. The NVT indicator is maxed out at near all time highs. Multiple indicators are topping out. The price can always go higher but I can’t imagine that it rises for very much longer.
I expect we are close to a peak, especially when you are hearing for calls of price climbing to 11-13k. Long term indicators are showing well overbought. We can still see a climb in the next coming week or so, but after a 30-40% correction is expected.
In the near term we could see prices as high as $9700; Mid term prices in the $5500-6500 range; Long Term after the halving $100k
Expect a run up in the near term in BTC with a correction the in the coming months, then onto long term bullish
Bitcoin looks overbought in the near term, expect a pullback