Can Bitcoin push above this solid resistance area to kick start the bull run! The next few days are critical as the upcoming area has a confluence of the below three levels of resistance: 1) 200 day moving average line. 2) Fib level of 0.382, if you take the move down from (approx $14K) top in 2019 and the recent $6.5K bottom. 3) The multi month support...
Hi, "Possibly, we may get a buying opportunity but there needs to line up some criteria" - these were my words from yesterday's post and luckily, the price action has started to print out a pretty decent buy opportunity. BTC price has made that mentioned breakout above the down-trendline, pulled from 2019. It occurred with a really powerful 4H candle which...
#BTC Special Update!!!! Don't Over Excited Guys..Be Careful With Your Longs. 24 July 2018 BTC Was Break Out From 1D Falling Wedge ..But Its Rejected From MA200 And After All It Was A Fake out.. Same Things Happened This Time BTC Breakout From Falling Wedge And Almost Reached The MA200 Resistance Which Is Locked At 9100$. So For Now If BTC Manage To...
Keep it simple guys. We broke up the wedge on a strong volume from a HTF support. If we close above this level on the Weekly then next target is 245B.
CHZBTC RIGHT NOW ON DEMAND ZONE.
Hi, In this pretty quiet time, I would like to give an overview of what does I see and what I expect from the market. This week we got a pretty nice pump upwards from the slightly expected area. As always we needed confirmation, we got it (Morning Star candlestick pattern on 4H) and 10% was pretty easily doable. Now before Christmas, I would like to give a slight...
ALTS MARKET From looking at the TA we see that we are near support of 50 Billion and are tracking near it. According to MACD, RSI and other indicators, we should be seeing a bounce shortly. Extent of that upcoming bounce is unknown.
Ripple’s XRP has crashed below $0.2200 and touched $0.2089 during early Asian hours. The digital coin is down over 2% in recent 24 hours. Right now the price is floating below the H4 100-day and 50-day SMAs curves. The daily RSI indicator has stays inside the oversold zone, while the MACD indicates increasing bearish momentum, following a period of...
Ethereum is struggling to settle above $148.00, however, with little success so far. The initial support awaits us at $147.70. It is reinforced by 1-hour 50 SMA and the lower line of 1-hour Bollinger Bands. A clear break here could extend the bearish pressure to the lower line of 4-hour Bollinger Bands at $144.90. Once it is out of the way, the sell-off may...
Hi, During the downtrend, I have found a SHORT-TERM buy opportunity. I haven't seen this set up on the Bitcoin chart for a while and I would like to share my thoughts with you about that situation. Short-term bet against the trend. Just a little intro, as said, we have a downtrend and we can call it even crypt-long-term downtrend because it has been...
The cryptocurrency market is flashing red again. Specially EOS lost over 3% in the last 24 hours. The digital coin now is fighting to come out of a sideways trading trend below $3.0. At the same time EOS is trading below the 100 SMA and the 50 SMA on the daily chart. The nearest resistance for EOS/USD is 2.70 area which is critical. This area includes 50, 100...
Hi, We might get some trading opportunities because the Bitcoin price has reached the tip of the Triangle. Triangle breakouts have been pretty successful and hopefully, this time it is not an exception. Luckily this is not just a triangle. Those two trendlines, red and green, are also short- and mid-term counter-trendlines (CTL) which have guided us into the good...
We have a bullish divergence, expect the price to rise to $7500 or more.
Hi, Before the weekend, I would like to quickly point out similarities from last year's movements around this time (end of the year). The last year's dump started in the first half of November, this year's slow grinding downwards started also in the first half of November. 2018 falling found a short-term bottom around 24-25. November 2019 falling has found a...
With markets drowning in so much US-China trade news as of late, it’d be remiss of us not to notice Bitcoin’s sizable fall for the last 24 hours. Chinese authorities have raided Binance’s offices in Shanghai and shutting down it. Authorities in China obviously have extended their crackdown on crypto-related activities. BTC/USD broke 200-day SMA to the downside...
At the time of writing, Bitcoin was down by just 3.34% to $ 8,715.36 for. A mixed start to the day saw Bitcoin firstly rise from an early morning to a high $ 9,075.32. Elsewhere, EOS (-0.01%) and Litecoin (-1.74%) were also in the red in the early part of the day. It was a more bullish start for the rest of the majors, however, with Stellar's Limen up by 3.08% for...
It was a bearish day for the major cryptos on Thursday. But Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. However, continued gains above the $180.00 level are now needed for rally towards $ 190 and to the top at 197.64 of the ETHUSD pair’s short-term trading range. Looking downside, an...
Litecoin fell by 3.02% on Monday. Following on from a 0.55% slide yesterday, the sixth-largest digital asset has been moving sideways recently. But the bullish trend stays intact as long as the price is above $60.00. On the intraday level, LTC/USD is seems ready to re-test the lower line of 4-hour Bollinger Bands ($60). A sustainable move below this handle will...