Bitcoin surged past $20,000 Sunday afternoon to $20,580 a coin, a 16.9% gain off its Saturday lows. The rally comes just one day after bitcoin ( BTC ), the largest cryptocurrency by market capitalization, fell below $20,000, its lowest price since November 2020. As of press time, bitcoin was trading at about $20,383 a coin. Bitcoin’s price surge reflects...
Hello everyone, I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is...
As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there. If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators: 1. stochastics RSI in...
We are not quite there yet, but it all looks like we are ready for another surge of BTC with the near bullish MACD crossing and an eventual new ATH. Stay tuned.
With the stimulus right around the corner and all the pointed out technical indicators being aligned perfectly (like twice before in the previous months) It looks like we are ready and set for another round of the BTC turbo surge. Expecting a new ATH pretty soon.
With multiple bounces from the marked support zone and triple bounce off of the bottom of the Bollinger band + what seems like a start of the MACD crossing, it seems to me that BTC is ripe for another round of yolo surge. At the very least, I think we're in for another test of the 42k. Also WSB is probably going to realise sooner or later that BTC is decentralised...
Update to BTC: A fresh all time high, created a great drop to fill the balance. A new fresh top formed. Price has fallen but stopped at a great level of imbalance. What now? We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break. - this has...
Within technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in...
This is still going up to 10600 however not limited to reaching a higher point into 10800 area...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, SLRX recently surged slightly in price the other day. Although not much, it is long due for a breakout since February and right now it looks like it is about the right time.
I came up with this idea last week, LTC didn't break the first support line. On 4 hour chart, RSI oversold signal will shortly make sell pressure, which may slow down the price surge for a few days. However, this looks very good right now and I will post the next update in a few days.
The very same idea, but the chart is m30.
Well the inverse head & shoulders has played out perfectly. My entry at $6,860, and then stop-loss at $7,795 netted me a 13% gain in 5-days. So now where?! Option #1 - We surge, today (tomorrow at the latest), to $9,000+, break out of the 6-month downward channel and go on a new bull rally. Option #2 - We break down to somewhere between $7,000-$7,700 and hold...
4 times the SLOW bears pushed below 7200, all failed. Do we need a 5th dead furred animal? I got all the proof I need, It's the bull season, baby. Don't trust the midterm timeframes indicators - it's a new season opening. Literally 1-36 hours until surging figures...
Hey guys! Little Update here! XRP is precisely at the procyclical buy trigger I highlighted a couple of days ago. If we can break this level to the upside the party might begin. Fasten your seatbelts. Best, Phil
This big surge over 10k is starting to form a broadening topping pattern that suggests that once the support is broken BTC will either correct downwards to test the 10k mark once more, or at the very least start to consolidate for a bit. That being said we are still inside the pattern and we could have another retest of that resistance at about 11k. What do you...