Good morning, traders. After a bit of a boring night, Bitcoin has decided to move this morning. At this point, price has stopped just shy of yesterday's high. As I discussed during last night's stream, there was a possibility for price to have one more leg up toward the $6900-$7000 area. This may be playing out at the moment as we have seen price breach...
Dear all, A quick update on BTC on the short term. BRC is currently trading tighter and tighter in the apex of a symmetrical triangle. A indecision pattern of choice. 2 main supports and resistance on breakout: - UPWARD --> $6,800 - DOWNWARD --> $6,100 to $5,900 If you bought at $6,100, tighten your Stop Loss / If you are in fiat, wait for...
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done. Many if you probably bought some BTC between 7500 and 7600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price. If you have been patiently waiting for...
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.