Hi! Welcome to another analysis!
After the 6 weeks of uplift and constant green on the weekly chart, Bitcoin just kissed the 20 Moving Average. And this is where I expect resistance. For one thing 6 green candles in a row is pretty much a lot. For another, 20 week MA is support in an uptrend and resistance in a downtrend.
In combination with 50 and 100 week MA...
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I like it simple. I like it fun. Let me show you!
On the monthly chart of Bitcoin there is only 1 line. And it is plenty enough. It is 20 month Simple Moving Average. This line shows the shift between the bull and the bear market. When we are above it, bull market is here, when below, bear market starting.
In October 2018 we entered the...
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As they say, the picture is worth a thousand words... The horizontal channel that Bitcoin is trading in since 2017 should be almost obvious to viewers. I said almost... Because in 2018 this king of cryptocurrencies tried to get out of it. And it did. But not for long... The magnetic energy of this huge channel in 2019 draw Bitcoin back...
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If I could point to only one line on the chart of Bitcoin, it would be this one. The allmighty 200 week Moving Average! Why allmighty you ask? Although we pierced through it few times, it has never been broken in Bitcoins history. It has never been resistance. It has always been support. 200 week MA was the shift between...
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Now, in technical analysis the most important is the big picture. I hope we agree on that :) So I took the bigest picture of them all!
Bitcoin is trading inside this channel for many years. It had ups and downs, bounced from lower band of the channel to upper band and vice versa... According to my drawing of this channel, we are...
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XRP is trading inside the massive falling wedge. And for years is caged inside of it! By probability and the fact that falling wedges are bullish patterns, a break to the upside is more probable in my opinion. Beware the eruption. Beware the rising XRP.
Let me know what you think, every comment is appreciated!
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For a past few years Ethereum is trading in corellation to these 2 trend lines.
We are bound by this about symetrical triangle, and if we follow the trend, a break to the upside is more probable in my opinion.
Let me know what you think, every comment is appreciated!
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In this chart I wanted to squeeze few years of Bitcoin between 2 trend lines. And I did it!
We are trading inside this more or less symetrical triangle. If we follow the trend, a break to the upside is more probable in my opinion.
Let me know what you think, every comment is appreciated!
