CryptoSpaceMy

CryptoSpaceMy

Based on LTC daily chart, it is forming a falling wedge which may turns into an uptrend if it breaks the falling wedge resistance of around $160. Based on MACD indicator, LTC is currently in a oversold state which indicates that an uptrend is due. We may see a final dump before the next uptrend move based on Elliott Wave Theory. My personal price target for LTC...

CryptoSpaceMy

Based on BTC daily chart, it has stayed in a downtrend since previous ATH. A recovery which breaks above $42k has not happened after it dropped to $30k. Volume is also decreasing. Based on EMA 50 and 200, it has formed a bearish cross where in history it indicates the beginning of bear market. Based on MACD indicator, signal line is also crossing which indicates...

CryptoSpaceMy

Based on BTC daily chart, it had rallied to $39k and currently is staying above $38k recently. Based on MACD indicator, it is indicating a bearish divergence which MACD is having lower high while BTC having higher low. BTC still needs to break through 2 resistance to confirm it is bullish. First is $41k and the second is $42k and retest above it. A rejection will...

CryptoSpaceMy

Based on BTC daily chart, it has rallied a total of around 20% since last low. BTC had a very strong support at around .382 fib level(around $31k) while a strong resistance is at .5 fib level( around $37k) which BTC is currently facing rejection at this resistance. Volume is also increasing which is showing some strength in the market. Based on Stochastic RSI, it...

CryptoSpaceMy

Based on BTC daily chart, BTC retraced to $31k and buyer pushed the price up back to $33k and closed the candle with a long wick. This means that buyer pressure is still strong at around $30k to $31k. Based on Fib Speed Resistance Fan, BTC is respecting .618 fib fan level support since 19 of May. But the more it test the support, the higher chances it will break...

CryptoSpaceMy

Based on BTC daily chart, it had broke out of its bearish pennant and currently a retest of its previous support turned resistance. If it is unable to break back above the support, a retracement target of around $24k will occur. Stochastic RSI indicating BTC is still in the midst of the retracement. Buying into position is not advisable as this is not a confirmed...

CryptoSpaceMy

I had not been updating altcoins lately. This is because the trend of altcoins will be determined by Bitcoin. If Bitcoin is in a downtrend, no matter how bullish it is for the altcoin, it will still retrace and vice versa. This is because Bitcoin hold the most dominance in crypto market. ALTCOINS FOLLOW BITCOIN TREND. Until Bitcoin reveal its true direction, we...

CryptoSpaceMy

Based on BTC daily chart, it is still consolidating between $33k to $39k range. Usually, the longer the consolidation, the bigger the next move will be. Based on Bollinger Band indicator, the squeeze of it is so tight where it validates my first statement. The next downtrend move may find support in one of the 4 strong support accordingly. If first support lose,...

CryptoSpaceMy

Based on BTC daily chart, it is unable to hold .236 fib level at $38.2k and a retest of this resistance has been rejected strongly. BTC in the short term will retest the support at around $35k if current support at $36k is unable to hold. An apex triangle is still in play currently which gives us a bearish pennant which will bring the price to a lower...

CryptoSpaceMy Updated 

We may see BTC to retest $30k support at this point. While a bigger Head and shoulder is still in play which may bring BTC lower in price. To invalidate, BTC has to break $39k first and then break $42k next.

CryptoSpaceMy Updated 

BTC in the 4H chart currently forming an inverse H&S and staying above .5 fib level of recent swing high to current swing low. If it is to breakout from the key level, it will bring BTC to test its bearish pennant resistance at around $38k. Otherwise, a rejection will bring the price back down to retest its support at $34k. MACD is currently indicating BTC is in...

CryptoSpaceMy

Based on BTC daily chart, it had stayed above the .236 fib level and also above $37k support after the Elon tweet. Volume is still not looking well as it is depleting. If BTC is able to close a candle above this support, I expect BTC to retest $40k resistance next. Otherwise we will revisit $36k to retest this support. Based on the stochastic RSI, it is indicating...

CryptoSpaceMy

Based on BTC 4H chart, it broke out of its apex triangle resistance at $37k. This may bring BTC price up to $49k in the short term. To confirm this breakout, BTC must stay above the apex triangle resistance turned support on the next candle which forms a red candle above $37882 until the next move. Based on MACD indicator, it is indicating a strong upward momentum...

CryptoSpaceMy

My BTC price prediction based on the current situation. I expect the MACD to play out this way as the volume currently is still lagging. This could take months to play out.

CryptoSpaceMy

Based on BTC daily chart, it is currently still consolidating in the apex triangle . A breakout to the downside will bring us to a price target of around $24k. Otherwise, breaking to the upside will bring BTC to a price target of around $52k which is unlikely. Bollinger Band showing a squeeze which indicates a sharp move will come soon. Stochastic RSI is...

CryptoSpaceMy

Based on BTC 4H chart, it is following my previous prediction where the price will rally one more time before another drop. BTC is currently respecting the support of the bearish pennant flag at $33k and bouncing off of it. In the short term, BTC may test its resistance at $38k. The Stochastic RSI indicator indicating a bullish cross is forming while another...

CryptoSpaceMy

Based on the stochastic RSI indicator in monthly chart, it has reach the usual 792 days rising period. After the rising period, it enters the consolidation phase as shown in history. In history, first monthly candle close of entering consolidation phase is always around 50%-60% pullback. If history repeat itself, we may be entering a consolidation phase soon.

CryptoSpaceMy

Based on BTC 4H chart, it broke out of a bear flag where this may bring BTC to a price range of $25k to $28k target. MACD signal lines are far apart which means that the downward momentum is currently strong which may validate the pullback of BTC in the short term. To invalidate this pullback, BTC must hold its current support at $34k which will show a false...