Bitcoin continues to stay in a local consolidation, we believe that there are chances for growth in quotes, but for this purpose it is necessary for the price to move to the key resistance in the area of 5125700. If this level is reached, the probability of a small local pullback will grow and chances for further rise will also grow and this will give an entry...
The key resistance level in bitcoin is 5235700, in case of approach to these marks, the probability of local pullback will increase. If after that buyers start to intercept the initiative and do not allow the price to fall deeply, which leads to consolidation of quotations, chances to ascend will increase many times. We still believe that the cryptocurrency market...
From 24.01.2022 to 10.02.2022 an upward impulse movement was formed, increasing chances for the tendency change towards the growth of quotations. With a high probability the correction to this impulse was completed on 24.12.2022, this is proved by breakdown of the key level 4956965. Together with the pessimism of investors and the technical picture we expect the...
Technical situation in bitcoin is still uncertain, but at the same time we believe that correction from April 2021 is coming to the end. Buy entry tactics looks logically justified as at the moment there is an impulse movement, which gives us a reason to expect the continuation of the recovery (cancellation of the scenario of the exit below 3913900). Plus, the...
With high probability there will be a false-break from the level of 4957000 and quotes will move in the ascending direction. We believe that at this stage, the growing momentum and correction from April 2021 is completed, fixing above 5000000 will confirm this idea.
Further we will monitor the situation as there will be a probability of local pullbacks (which...
Bitcoin has developed an impulse movement, which indicates a high probability of further growth of quotations, investor pessimism is behind, there is no euphoria, which additionally indicates a medium-term continuation of the price ascent.
It is locally profitable to track corrective pullbacks to buy entry, the goal is to overcome the high of the price near...
Investor sentiment is at pessimistic levels, which indicates either market lows or a near-term reversal of quotes. At the moment we consider two scenarios of the situation development:
1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of 4900000.
2. renewal of the minimums around 3000000 and...
At the current stage, the best position is to be out of position. At the moment we can distinguish two main scenarios for further movements in bitcoin:
1. The continuation of the decrease in quotations and the breakdown of the local minimum around 3200000, after which we can start looking for an entry point to buy.
2) Impulse building and rebound to the area of...
The key support level is 4330000, until this level is broken through, we consider the current pullback as a correction to the rising momentum from 10.01.2021, but in case of breakdown of these marks, it will be necessary to monitor the situation. Investor sentiment is pessimistic and this increases the probability of quotes rise.
We allocate TRON as the most...
On January 8, the peak of investor pessimism was updated, which indicates a high probability of the end of the current correctional pullback. Technically, a false break of 4820000 was drawn, which also increases the chances of forming a rising trend.
We single out TRON as the most promising coin for the development of a steady growing trend. Also in coin...
From 07.12.2021 till now bitcoin, in our opinion, continues to be in correction to the momentum from 04.12.2021, the probability of growth of quotations in the medium term is high, the pessimism of investors further confirms this idea. Ascent to the area of 5,650,000 will increase the chances of the formation of a stable long trend.
We single out TRON as the most...
Locally, bitcoin has formed a correction on the uptrend, also a false break from the level of 5.750.000 was drawn, which significantly increases the chances for the continuation of growth of quotations, the moderate pessimism of investors further confirms this idea.
We single out TRON as the most promising coin for the development of a stable growing trend. Also...
Since 07.12.2021 bitcoin continues to be in correction to the main upward movement from 04.12.2021, investor sentiment is at pessimistic levels, these factors increase the chances of quotes ascending. On the whole, in our opinion, the situation looks stable.
We single out TRON as the most promising coin for the development of a steady growing trend. Also the...
From December 7, 2021 till now bitcoin quotations continue to be in correction and more likely after its completion we will see the price ascent. The pessimistic moods of players concerning the market are additional confirmation of this idea, because in most cases at market peaks the crowd stands in the opposite direction.
We single out TRON as the most...
We are most definitely going to see a bullish move from this pair ahs here is why.
TECHNICALS
- the pair is touching a trendline for the third time on the daily time frame and intraday timeframe along with the support zone
FUNDAMENTALS FO LOOK OUT FOR
TBR (to be released
