BCryptological

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BCryptological BCryptological BTCUSD, 1D,
BTCUSD: Important BTC chart pattern
350 8 6
BTCUSD, 1D
Important BTC chart pattern

Sometimes the healthiest thing you can do in Bitcoin is zoom out and take a look at the big picture. It's only then that you'll realise that a rather fundamental pattern has been repeating throughout 2018... Following the hype at the end of 2017 and consequential bubble, January 6 marked the beginning of a huge drop removing more than 60% of BTC's value. The ...

BCryptological BCryptological BTCUSD, 1D,
BTCUSD: Bitcoin must NOT break below this wedge
42 0 0
BTCUSD, 1D
Bitcoin must NOT break below this wedge

Bitcoin has been firmly within this gently descending wedge since January 20th. Today is likely to mark our third attempt on its rising support level and the Stochastic RSI shows us nicely primed for an impending rise back up to wedge resistance at $8750 over the next few weeks - and possibly through it for a nice bull run. However, BTC has been at the floor of ...

BCryptological BCryptological BTCUSD, 1D, Long ,
BTCUSD: 200 Day Moving Average switch from support to resistance
38 0 0
BTCUSD, 1D Long
200 Day Moving Average switch from support to resistance

Having lost respect for the 200 Day Moving Average by dropping under in early March, this trend line is now predictably acting as strong resistance. Expect further failed attempts to push above it over the coming months. Add the Moving Average to your own chart to monitor Bitcoin's progress... Please give me a thumbs up if you agree. If you don't, please write ...

BCryptological BCryptological BTCUSD, 1D, Long ,
BTCUSD: Bitcoin heading for critical support
57 0 0
BTCUSD, 1D Long
Bitcoin heading for critical support

Bitcoin has been flirting for some time with the critical support located around $6000-$6500, and each time the support has held strong. But continued failed attempts time and time again to push up to and through the critical resistance at $11500 is a very bad sign for the immediate value of BTCUSD... each failed attempt increasing the likelihood we will fall ...

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