Bitcoin's negative divergence continues on the RSI and MACD oscillators. This indicates the weakening of the upward momentum and can be a pre-signal on the possibility of a price decrease
Bitcoin has reached Pitchfork resistance after its rapid growth and has made the first reaction against it on the weekly time frame. The resistance has slowed down the uptrend and the relative decrease of the price. Bitcoin's reaction to it will form 2 scenarios: 1- Scenario #1 happens when Bitcoin breaks up the pitchfork resistance. In this case, RSI will enter a...
Bitcoin has reached Pitchfork resistance after its rapid growth and has made the first reaction against it on the weekly time frame. The resistance has slowed down the uptrend and the relative decrease of the price. Bitcoin's reaction to it will form 2 scenarios: 1- Scenario #1 happens when Bitcoin breaks up the pitchfork resistance. In this case, RSI will enter a...
SPX broke up trendline resistance. To confirm it, we have to wait for the break-up of the static resistance level and the static resistance of the RSI
Bitcoin is forming a Head and Shoulders pattern on the 1h timeframe. If Bitcoin breaks down the support line of the pattern, the first target will be $20,670
Bitcoin is forming a Head and Shoulders pattern on the 1h timeframe. If Bitcoin breaks down the support line of the pattern, the first target will be $20,670
Bitcoin has a negative divergence between price, and RSI and MACD oscillators. This is a pre-signal for a price drop
Bitcoin has a negative divergence between price, and RSI and MACD oscillators. This is a pre-signal for a price drop
Bitcoin is retesting the Right-Angled and Ascending pattern resistance. It remains to be seen if Bitcoin succeeds in breaking it or respects it again
Bitcoin is retesting the Right-Angled and Ascending pattern resistance. It remains to be seen if Bitcoin succeeds in breaking it or respects it again
Bitcoin is below long-term Pitchfork resistance. This is the most important and main resistance of Bitcoin in the current downtrend. Its break-up means the end of the downtrend. But if bitcoin respects it, we should expect the downtrend to continue
Bitcoin is below long-term Pitchfork resistance. This is the most important and main resistance of Bitcoin in the current downtrend. Its break-up means the end of the downtrend. But if bitcoin respects it, we should expect the downtrend to continue
Bitcoin may be forming a broadening wedge pattern. Probably the first target will be between 17,800 and 18,900 dollars. This pattern is usually associated with a breakdown. To confirm, we have to wait for the breakdown of the pattern
Bitcoin may be forming a broadening wedge pattern. Probably the first target will be between 17,800 and 18,900 dollars. This pattern is usually associated with a breakdown. To confirm,we have to wait for the breakdown of the pattern
The stock market respected the resistance, and we are witnessing a drop in SPX , NDX, and DJA . Considering the correlation of Bitcoin with the stock market, this will probably affect the price of Bitcoin and cause the price to fall
The stock market respected the resistance, and we are witnessing a drop in SPX, NDX, and DJA. Considering the correlation of Bitcoin with the stock market, this will probably affect the price of Bitcoin and cause the price to fall
SPX Respected the resistance of the trendline and is forming a broadening wedge pattern which is usually accompanied by a breakdown. A breakdown of this pattern will be a signal for further decline
DJA respected trend line resistance and appears to be forming a double-top pattern the first target is 10850. If the 10850 support line breaks down, we will have a bearish signal