BTC has been working through a H&S position for a number of days which has resulted in sideways trading. The right side of the pattern is higher than expected which should indicate a reversal (the price is going to drop). There is a lot of positive news and other factors like Institutional investing that should make BTC much stronger. The fundamentals at this...
Bitcoin / US Dollar Index XBT H4 chart The price is on a very critical level. I did draw everything on the chart Blue lines: Weekly resistance The thick red line below: An important and strong support The thick red line above: A large falling trend line ( this must pass in order for the ascension to continue strongly ) There are two possibilities; 1- He will...
Following my previous analysis of Bitcoin-US Dollar, COINBASE:BTCUSD BITMEX:XBT , a few observations are noted: Bulls maintain overall confidence despite the strong sellers that lurk in the background. Bitcoin reaches its significant milestone, that is the close of the current weekly candle, and which will be determining of the longer trend. A few scenarios...
XBTUSD has dipped below the trendline of the ascending channel. The indicators favor the bears slightly with the macd line crossing below the signal and RSI dipping below 50. A dip below or break above the rectangle pattern (yellow dotted lines) should signal future up or downtrend.