As per my last analysis on BTC I said if we can break to the two resistance lines then the path to 40k will be open. This played out and BTC jump to $39.2k, can expect small correction as MACD on H1 is bearish and has similar formation to a previous bearish MACD as circled below. Can bounce off the new support line on the log graph before reaching $40k. On linear...
Please excuse the messy chart but i'll try to explain: On log chart the blue resistance line rejects btc movement, we can draw a new potential resistance line which is the black line, btc needs to break both these in order to jump past $40k
Kinda self explanatory, triple bottom, broke resistance lets see how this plays out, im long.
Bitcoin has been in downtrend from $69,000 to $33,000 in last 80 days. Here's my take: On the chart there is a breakout in the RSI, last time this happened was in July 2021 and BTC went from $32k to $69k. MACD in 1 day chart is also green. Global markets have recovered and DOW finished at a weekly high. This will give confidence to the market. FED meeting...
New to analyzing gold, just playing round with patterns, will update this chart soon after I do more research.
Now in our buy zone, good area to accumulate if you're bullish on this coin, has potential to do 100% towards the D1 order block. Trade safely and eye btc
Strax sitting at daily support, bullish rsi and macd, btc is moving nicely aswell which opens way for alts. Please comment any ideas and tips on my TA, all help is appreciated:)
BTC.Longs broke the resistance and has been steadily increasing since. Good for btc and market
BTC bounced off white support line, did temporarily dip beneath it (supposed bear trap), white support line on chart correlates with white support line on rsi. FOMC conference today will leave rates unchanged till they revise in March. Basically is good news for market till next meeting. Bitcoin Magazine reports Putin and russia's advantages for crypto mining. All...
BTC jump 10% and testing resistance +-$37000. Bullish RSI divergence work out. Expect high volatility as big events are around the corner, such as FED meeting, Apple and Microsoft earning/monthly closing and tension between Russia and US on Ukraine. All USA markets/index are green and European market open green as well. Trade safely.
Not much to say here, sitting at long term support, can be good pick here
Just drawing up some lines on DASH, looks like the $120-130 range is good for accumulation.
ETH.D forming falling wedge pattern which is bullish. If it plays out then alt rally will occur. Eye on BTC, BTC.D and MCAP of course if you trade alts.
Another main factor to todays market flux is the market cap failed to break resistance and BTC.D went up, now BTC.D dropping and MCAP ready to test resistance again, if it breaks then very good for alts.
Hopefully will drop below the resistance line again to stabilise.
MACD bullish crossover about to take place as dent is testing long term resistance, potentially breakout here can push DENT hard, eye on BTC.D and BTC price. If BTC stabilize here and Mcap goes up or BTC.D drops then alts are favored and DENT can move big. If not will probably test support again.
Here are just two simple lines of resistance and support for btc dominance, if breaks support and btc price stays stable we can see a nice bounce in alts, opposite will happen if it pushes up to resistance line and breaks it. Eye on this along with Mcap and ETH.D if you are trading alts. BTC D up + Mcap up = Good for all coins BTC D up + Mcap down = Good for BTC...
Currently touching short term support, can bounce and break resistance potentially moving 100%