Hello everyone. We are still trending in an ascending cchannel on the hourly chart, the week-end was calm and things will propably start to make more sense over the course of this day. For now we have our daily low at $7088 and it might get lower, maybe down to the lower part of the ascending channel. We still have high selling pressure and it seems that the...
Hi everyone, back with some new insight. On the 30 Minutes chart things are looking more to the upside , we have a gravity line that seems to pull everything together (marked in this image), this line also "helps" with the squeeze we are now facing between the downtrend line and the bottom of the upward channel. For positions in higher timeframes this...
Hello everyone. Intraday analysis for the day . Daily close in yet to come, and if it closes above $6750 we have a possibility or a retest of the trendline. If it doesn't , we can expect to go down to the $6600 levels. In a more broader view, we are being squeezed out of the general pattern, many factors can intervene as whether we get out of it in the short...
Good morning everyone, back with another analysis on the BITMEX:XBTUSD on the 4h Chart. After a relatively uneventful weekend , except the fake pump / attempt at the downtrend resistance line powered by hope or maybe just boredom we find ourselves clearely in a downwards pointing pattern. We are out of the WEDGE ! And on the lower side, slowly but surely...
Hello everyone, As predicted, yesterday was a day of high volatility , with a failed attempt to break the descending resistance line, the price dropped 5.98% in 7 hourly candles to the lower part of the ascending wedge(remember that this is a bearish pattern), but also seems to have pinned in the $6950 areas. As of writing , the hourly chart seems uncertain,...
Good morning everyone, on todays analysis we will focus on higher timeframes and work our way down to hourly on BITMEX:XBT . On the daily chart, we are have failed to break the higher high , or the lower low for that matter and are at 7430 High and 7152 Low, we are in an indecisive period or should we say more of a waiting period. Waiting because we are...
After breaking the 7300 mark yesterday, BTC USD is currently standing at around 7400 and failed to depass the previous high of 7464.5 leaving us in an uncertain period on the hourly chart. Failure to create a higher highh could mean that the market is not yet ready to continue and a reverse might be possible as we also hit overbaught on the daily chart. Our...