alexg212

alexg212

Keeping this analysis simple. If the oversold bounce from $3800 is over, technicals wise we could be there. .5 fib retrace, and 12 hr 100 ema was where we had the first strong breakdown. Also, we are within a clear rising wedge still. Monitor and adjust as needed of course.

alexg212

The 26 EMA daily has been in strong control by the bears since the break below $10k. Every significant bounce has not been able to break. Will the bulls finally show a strong break, or will the bears that maintained the daily timeframe pull the rug soon from this oversold bounce? Stay tuned.

alexg212

SPX and the rest of the market has been taking a beating as a result of ridiculously overbought levels, and the Coronavirus pandemic. The timing of a crisis happening at overbought levels time and time again in history is impeccable. Bear divergence in the rsi leaves clues. Shall we test the 200 EMA monthly as we always have during every crash, and reach oversold...

alexg212

Bitcoin is still at key resistance zones. The bulls managed to get over the 12EMA daily. Next resistance is 26EMA daily. Bears have had it in control since the strong rejection at $9200. This large bull move from $3800 proves as merely a strong oversold bounce without significant trend change. If consolidation does not hold significant higher low on daily,...

alexg212

Bitcoin has still remained under the 12 EMA 4hr since its break below the $9000 zone. Every bounce thus far has rejected. Although there have been nice swings on the way down within smaller timeframes, further downside is expected in these bearish market conditions with no signs of reversal yet.

alexg212

Bitcoin has been in bear control strongly since the break under $9000 range. The 12/26 ema hourly has served as resistance consistently, with a few spikes to 50. This current oversold bounce will likely also face rejection in the 12/26 ema zone. With the SPX/DJI correlation, a push might take it a little further before continued downside. Given overall market...

alexg212

Short-term resistance of 26 ema on 5 min and 12 ema on 15 min. If bulls can get over this short-term, there will be a decent move.

alexg212

Bitcoin broke all support at is returning to the weekly 200 ema and .786 fib, a strong support level. Also daily rsi is finally oversold. Previous crash to $3000 levels that held moved strongly off this zone into $14000.

alexg212

Bitcoin has shown some interesting 30 day patterns. The previous $10500 zone was around 2/10-2/12, 30 days ago. 30 days before that we were in the exact same price range we are in now. Overall observation is 30 days of bull, and 30 days of bear. Is bitcoin set for another bull cycle? We shall see...

alexg212

Bitcoin is at a key level short-term. On the hourly, the bulls have had trouble with the 12/26 ema. On the 15 min, this short term trend has served as resistance. I would look for an break on the 15 min, then beyond. Will be critical to maintain higher highs and lows for reversal as bitcoin is finally oversold on daily timeframe.