sskyhigh

sskyhigh

On one day chart, bitcoin is trying to break its resistance. The market looks relatively healthy, adding that the US dollar is beginning to lose its strength. Resistance is from last year May.

sskyhigh

Lately, I have not provided any updates because I am a terrible trader and luck has not been on my side, so I did not want to mislead anyone here. I've been trading and most of my calls end up hitting stop losses, hence I have not posted much lately. As long as Fundamental news is not doing well, technical analysis can't really speak much; the coin can move in...

sskyhigh

Bitcoin is trading on its support in its 4H chart. Can scalp here and there if bitcoin can break the trending line.

sskyhigh

As other traders have mentioned and given the fact that fundamental news is not doing too well, Bitcoin might visit hell (12-13k estimation) first before moving up again. Save some funds to buy the dip. (You can DCA your positions) This is also in line with bitcoin halving too. TA can only say so much at this time. Remember - do not put your eggs in one basket....

sskyhigh

Descending channel spotted - could the market be more bearish? Even though DXY has been coming down, no good news with bitcoin yet.

sskyhigh

Falling wedge on DXY 2hr chart, tomorrow I predict that DXY is coming up because of CPI report. More blood coming on bitcoin. Trade accordingly to fundamentals.

sskyhigh

Bitcoin has turned bullish after DXY has lost its momentum. Looking at the 1 Day chart, Bitcoin broke out of resistance, and if bitcoin forms another big green candle then bitcoin is bullish for the short term. The next resistance is around 22.5k. (Bitcoin would need to consolidate, quick scalps here and there) ** This can all be invalidated if DXY comes back...

sskyhigh

As long as bitcoin does not break the trendline, then we can see some pumps. However, it's important to note that bitcoin need to retest 17.5k before moving up

sskyhigh

Spotted falling wedge, however there are two conditions to take note of: - If this pattern gets invalidated, i.e, pattern gets broken and continues to come down (BTC.D% keeps coming down) - if bitcoin moves up, which will also mean that altcoins will move up So far, Bitcoin has tested support 3 times on the 4h chart, Bitcoin should rise but given the...

sskyhigh

Candle needs to close above the trend line in order to see some progress.

sskyhigh

On 6hrs timeframe, it looks like bitcoin has broken out of the trendline and making its way to breaking 24.4k resistance. If bitcoin can break the resistance, then we can see bitcoin forming 25.5k and possibly 28k. If, on the other hand bitcoin fails to keep this momentum, it will then retest 22k support. So far, bitcoin has formed lower lows and higher highs, as...

sskyhigh

I posted this chart days back and now it's following the pattern that I drew (no modifications made). Be on the lookout for 21.5k zone.

sskyhigh

I expect price correction before moving back higher to 25k.

sskyhigh

Yesterday, I spotted rising wedge on 1 hour timeframe and now bitcoin is coming down. I expect price drop around 20.2k zones, if it breaks that zone then we shall retest 19k zone once again. Low volume, so we might want to be careful with trades at the moment.

sskyhigh

Bitcoin is having trouble breaking the trendline, I expect prices retest support later on.