TechnoAnalyst

TechnoAnalyst

Looks like the BTCUSD is in a pennant just ready for a break out. It has found support and hasn’t closed below the lower trendline of the pennant. The market has retested recent lows and there has been price rejection lower than 9600. A breakout upward looks imminent although it could still take another week until there is a confluence of the upper and lower...

TechnoAnalyst

I am still bullish on the BTCUSD. On the daily chart is is holding support closing above the 21 EMA. It may dip down below the 21 EMA and rebound. Looks like it may be working on creating a bullish head and shoulders pattern. I expect volume to pick up and take out the weekly pivot around 11600.

TechnoAnalyst

The market is showing signs of a possible bullish reversal of the current downward trend. The volume in the market isn’t supporting further downward motion and prices looks like it’s going to rebound. Looking at candlestick patterns on the daily chart we have tweezer bottoms and a spinning top formations that are both reversal patterns.If we add in the Bollinger...

01:07

TechnoAnalyst

Hovering around the 100 EMA I expect it to break through and pick up a missed weekly pivot point close to $10.80. I believe it will return to it's upward momentum following this.

01:02

TechnoAnalyst

I think that this correction will continue to retrace maybe bouncing off of the psychological barrier of $1500 or maybe bottoming out around $15100 as it picks up a weekly and daily pivot point. Following this move I expect it to be full steam ahead based on the fundamentals for the global economy .

01:20

TechnoAnalyst

I believe that BTCUSD will remain bearish down to around 8600 and pick up a missed weekly pivot point. It is currently below the 100 EMA but I don't expect it to go all the way down to the 200. before it bounces.

00:57

TechnoAnalyst

Looks like we are in a symmetric triangle waiting for a downward continuation action. Already below the 21, 100 and 200 EMA with low volume . I think price action will go down to around 8900 and pick up missed pivot points.

00:55

TechnoAnalyst

Not a lot of price action going on . Low volume and a lot of indecision in the market.

01:22

TechnoAnalyst

It looks like the BTCUD will continue downward since the current trend is downward because it is making lower highs as well as lower lows. I think it will test and break through the 100 EMA around 9600 further down to the missed weekly pivot point near 8600. It also looks like we are forming the right shoulders of a head and shoulders pattern.

01:27

TechnoAnalyst

The bear flag on the BTCUSD 1D broke south with a price rejection short of 11,000. I expect price to come down and bounce off of the 100 EMA . If it breaks through the 100EMA I can see it possibly going all the way down to the missed weekly pivot around 8600 before rebounding. There is also what looks like a small head and shoulders that may be setting up on the...

01:27

TechnoAnalyst

It looks like there is a bearish flag forming that may break south after testing the 50 EMA and daily trend line close to 10,400. If it breaks the trend line of the ascending wedge and breaks through the level of support and psychological barrier of 10,000 it's next possible level of recovery would be the 100 EMA followed by a weekly pivot point at 8500 . I do...

00:54

TechnoAnalyst

Analysis of the daily BTCUSD market. It appears that prices have rebounded off of the 100 EMA . The next major hurdle for a bull market would be for it to close above the 50 EMA. If the the 50 EMA is able to successfully act as a level of support I expect the market to rise to the level of the weekly pivot point around 11600.

TechnoAnalyst

On the daily chart it has broken through support to bounce off of the 100 day EMA. If price action doesn't violate this daily bar closing below 9470 the fundamentals of the world currency markets should take it up to the weekly pivot point of 11600

TechnoAnalyst

This is a demo test

TechnoAnalyst

Just a test to show how things work If it closes above the top trend line I would BUY If it closes below the lower trend line I would SELL