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Hot update on Bitcoin: market landscape is changing rapidly.
* Bitcoin broke through the upper band of 1H Channel, that is - the important short-term resistance of $8,500.
* Bulls have taken the lead and now Bitcoin is heading towards $9,000.
* Increased Volume confirm the validity of the break-out. It doesn't look like a...
Is the Bitcoin (BTCUSD) chart changing?
Have we gone from bullish to bearish short-term after we hit 3 targets for our last BTCUSD trade?
Let's take a look...
Feel free to hit like if you want to now show your support.
On the chart above we have the 'UPPER TRENDLINE' and 'LOWER TRENDLINE'... This is the range in which Bitcoin is trading right now.
Bitcoin (BTCUSD) has been moving lower short-term. The chart above is showing multiple bearish signals as follow:
Trading below resistance in the form of EMAs (EMA10, 50 and EMA100).
Bearish MACD and RSI.
Increasing bear volume.
For this reason, we are short short-term.
The blue dashed lines are the targets for this drop.
The red dashed line is our...
Bitcoin (BTCUSD) remains bullish on the monthly timeframe.
We are not used to seeing a "long-term" bearish Bitcoin.
We are not used to seeing Bitcoin consolidate/go lower for months.
There was only one occasion where Bitcoin went negative for six months straight. That was between August 2018 and January 2019... What followed was the BTC 2019 bull-run which...
Perhaps a down flag is being generated on the BTC . Target -12% of the breakout.
Entrance is a deal only on a breakout confirmed by the volume of the "canvas" of the figure.
"Bear Flag". The flag is considered a strong figure, therefore, a turning point in the trend on this figure is very rare.
More often than not, the “Flag” appears in the middle of the trend...
Hi, Traders !
Monfex is at your service !
Bitcoin has been under tough bearish pressure during the last few trading sessions, but the bulls are gradually taking the lead:
* Bears keep pushing on aiming to knock the bullish Support area around $7,500 - $8,000 to pieces.
* From the technical standpoint, the whole picture stays within a protracted correction...
Bitcoin (BTCUSD) just closed below EMA10 on the weekly timeframe, let's get back to the basics... Back to keeping it simple...
Above EMA10 = Bullish potential
Below EMA10 = Bearish potential
Bitcoin's bearish potential has been activated on this timeframe, if BTCUSD remains below EMA10, it is very likely to move lower and test EMA50, which is now sitting at...
Bitcoin's rise to the top has been stopped by heavy resistance... Let's take a look at the chart together and see what will happen next and the different potential scenarios... Feel free to hit like to show some support.
Bitcoin Daily (1D) Chart Analysis by Alan Masters
Good Saturday, let's start by calling our attention to the "Purple trendline", notice how...
BitTorrent (BTTBTC) has been holding really nice. Our first wave led us to 120% profits (grow from 10 satoshis average buy-in, all the way to 22 satoshis peak price).
The retrace stopped at 16 satoshis on the 30 May, which is ~27% below peak price.
If you follow Alan Masters, you know that we rebuy and reload on the retrace 15-35% below the peak price reached....
Here I would like to take a quick look at why we believe Bitcoin (BTCUSD) can continue growing...
Note: The arrows are drawn for illustration purposes, if Bitcoin moves below support (EMA10 for example), then the signals become invalidated and a new analysis is needed.
What are your thoughts on this chart?
Looking to SELL GBPUSD in SELL AREA and to close position in TP AREAS. (30+ PIPS, Potential 120PIPS SWING)
- Do not enter on strong bullish breakthrough of sell area
- Look to enter on reversal pattern
- If price breaks through 122 area with strong bearish momentum, execute sell
TRADE AT YOUR OWN RISK!
Hi, Traders ! Monfex is at your service !
Let's make an Update on Ethereum by getting a deep view on its current price action:
* Ethereum has been in tight correlation with Bitcoin and the overall crypto market, but its recent decline is not solely attributed to weak market conditions as a whole, but data also shows that Etheruem has been under selling pressure...
Monfex is at your service and today we overview.
BTC resistance is in the zone of ~ $ 8,020. The last local support and demand zone. So, from the support zone Bitcoin can go to the 50% Fibonacci level ~ $ 8,100. But bears seem stronger and level of 127,20% Fibonacci - $ 7,500 more likely to reach.
Share your thoughts, ideas about the market under...
Bitcoin (BTCUSD) is still aiming lower. We have a short since $8200 and we think our remaining two targets will hit...
Bitcoin is trading below EMA300 on the daily time frame, so another leg down might happen before testing resistance back up... Here is the chart:
Below you can find the full details of our trade, remember...
Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
BTC hasn't tested the 50% Fibonacci level, it's also ex-support zone. For now we can assume many variants about Bitcoin further movement and at this chart I propose to look at possibility of the falling wedge pattern. It's very characteristic for BTC.
Monfex is at your service and today we overview BTC Dominance.
We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Target zone ~ 66,50 %, it's our support line, good trading volume support zone.
By RSI we have a strong bearish divergence with price.
You know i chart pretty basic and dont like btc maximilists , but just for giggles and laughs, if this chart comes true...
January seems to be a major month between bull and bear
but to be clear, its prety accurate if trend and history carry on
ANYWAY BACK TO BEAR WATCHING!! HAVE A GOOD WEEK
Bitcoin (BTCUSD) is now moving within a descending channel, going lower.
Now I am seeing a potential bounce in place or further drop.
Bitcoin can easily move lower, according to the chart above, but a bounce is also very likely.
As for the mid $6,500 price (I am looking at the $6200 - $6500 range), I am looking at this level for Bitcoin (BTCUSD) to fully...