What I want to draw attention today is the recurring triangle pattern, which shows signs that Break Out is so close. According to calculations and a graph, this may mean that Bitcoin will try to leave this triangle in the next 10 days. Apparently this should be a situation of 85% break out to $ 11K resistance 15% towards $ 10K. Technical analysis: Important...
In the last analysis, we paid attention to the fact that big players can soon move Bitcoin higher but it will not be that easy in the end. Immediately after the publication of the analysis, the Bears tried to shoot down Bitcoin in order to break and overcome important support at $ 10K. Bitcoin fell under the pressure from the Bears on September 23, but the lowest...
After a week, it looks a bit better on the bitcoin market again, and what we predicted in the last analysis has really come true. The bulls guarded important support at 10k and bitcoin finally reached 11K. Although the fighting is still ongoing and the bears sent BTC below 11K, there is one strong factor that can cause a price increase. These growth factors are...
After all, it was basically a good retest of the resilience of a very important psychological support at $ 10K, which proved to be functional and bitcoin can now grow with more certainty. Bitcoin began to rise again on September 9, and today it looks like it will soon aim for $ 11k. What is very important, however, is the fact that the CME GAP has still not been...
The battle for one of the most important psychological price level in the Bitcoin market has just begun. In the market, however, it is more serious than it seems, because we have seen a drop of more than $ 2,000 and it is currently necessary to defend $ 10K to maintain any optimism and hope for further growth. If this fails, Bitcoin may drop the price even...
For the last seven days, it looked like a swing on a bitcoin, but in the end the bulls turned market in their favor and the phase of accumulation before the attack on $ 12K persists.This is mainly confirmed by the fact that the bulls defended 2 attempts to reverse the price and did not allow it to go lower than $ 11,117 (binance). The support in the area of 11k...
The resistance at 12K dollars thus seems to be a strong obstacle, as evidenced by the second rebound down from this area this month. At present, however, it does not look bad at all on the market, because the mentioned RSI indicator, which was last time overbought on almost all TFs, has already been reset. We also have statistics here which confirms fact that...
Technical analysis thinks: Current support at $11K Major resistance at a price area $ 13K / $ 13 500 RSI 15M until 1W chart is overbought, probability of short-term price reduction If the bulls want to continue to grow they will have to build new support at $ 12K in the next 24 hours
What are the findings from TA? At 1D is every low higher, the probability of future growth CME Gap in the price range of 9 600 -9 900 dollars, the probability of returning to this area RSI 1D / 1W chart is overbought, probability of short-term price reduction Important current support in the range of $ 10 500 - $ 11K, Major support for $ 10K Major resistance...
The bulls turned long-term active and unpleasant resistance into support and so the journey up could begin. After yesterday's explosion, which brought the price up to $ 12,123 (binance), came also the first big sale and the price almost reached new and very important support. Yesterday's low was $ 10,518 and the bulls bounced it back perfectly. Currently, the...
Since July 20, we have been able to see BTC grow regularly and prepare for a tough test in the $ 10,000 area. Yesterday came the first attempt to overcome it, but the bears successfully regulated it and did not allow it to go higher. Until today, when the attempt was successful and we are currently trading BTC for $ 10,400 (binance). From the point of TA view, it...
At Bitcoin market, it currently looks like summer vacation by big players, which is characterized by a certain passivity in trading. The movements what we can see all month are insignificant and the price is kept in one area. It can also mean market maturity and getting rid of high volatility, but also expectations from institutions and their interest in the...
What does TA recommend? Historical Volatility Index is at several time frames in critically low values, this has always meant a rise in price on the market so far RSI relatively neutral Support remains at $ 9,000, then very important at $ 8,400 Resistance is at $ 9,500 and the second stop is $ 10,000 Trading tips: Open Long orders around $ 9150 SL 5% Open Short...
Technical analysis and its findings: Positive for growth is the fact that strong current support at $ 9,000 has repeatedly bounced the price and confirmed the strength of bulls in this area The negative for the price is that the RSI is on charts from 5M to 4H at a critical level overbought On 1D we see on RSI Higher Highs and Lower lows in price action, which...
It's been a month since bitcoin has been in the $ 9,000-$ 10,000 range, and that can mean two things: Consolidation and accumulation before a stronger upward movement Successful regulation of the $ 10,000 zone by bears and BTC will soon fall deeper The technical analysis says: We have resistance at $ 9,500, unlikely to test it again this week Current support at $...
The market currently shows no signs of bulls or bears and maintains relatively neutral behavior. Technical analysis and its findings: Multiple denials at $ 9500 (resistance) RSI is on multiple time frames in the field of overbought, this can mean price reduction and sales Current support is still intact and remains at $ 9,000 The volume of purchases and sales are...
Hello traders My Technical analysis says: Multiple bounce from $ 9,000 and confirmation of the current bull support zone Very important support remains at $ 8,400, if it breaks possible drop to $ 7,500 Current resistance at $ 9,500, overcoming can be a possible impulse for next attempt at $ 10K Strong resistance at $ 10,000 it is possible to overcome only with...
Hello friends let's take a look at my technical analysis and its findings: RSI has stabilized again after impulsive movements and we are in a neutral business zone The bulls have temporary support in the $ 9,500 area from which it is still reflected, if we lose it will be a test for $ 9,000 Strong resistance still remains at $ 10,000 High probability that BTC...