The excitement starts early today for Bitcoin (BTCUSD) with prices already reaching new highs.
How far up can we go today?
Since 5-Feb., we have $65,000 as our main target.
You can see it below:
And here:...
Seems like we're creating a parallel channel in the weekly logarythmic chart. Target is the upper resistance of this channel. Depending on how long it takes to reach it, prices between $550 to $600 are possible.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.004523). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BNBBTC Binance Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (137.0800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a...
Weekly Macd Bullish
Daily RSI breaking resistance
Held up good against btc.
Trendline breached and on FTA now
Disclaimer - This is not a financial advice.
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0012860).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
current scenario for ETH
breakout or breakdown, we can catch a big move at the completion of this pattern
looking at the bullish pressure we expect a breakout
This is another one that I feel will recover in the coming days/weeks...
It is likely that the low was hit back 7-Jan... Notice the high volume after this date... Notice the very low volume before this date.
We have bullish divergence with the MACD and RSI, a long-term one, and recently prices trading above EMA10.
Patience is key... That's the theme of this...
These are the questions that I am now getting very often... If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading...
Even though we have a very strong bearish candle today, with really high volume... It is still very early on this move, here is the daily (D) chart for BTCUSD:...
Wait... Don't get too comfortable... Remember that one?
Retraces and corrections have been non-existent for Bitcoin... Or better yet, short-lived.
We are seeing strong consolidation take place near resistance.
When prices are going to drop, they drop.
Staying near resistance is a signal of strength.
Based on this chart, BTCUSD 1H, we are likely to see higher...
Bitcoin just hit a new high today at $24722 on BitStamp and other major exchanges.
Its price remain trading above EMA10 and all other EMAs.
We have a stable ascending channel in which BTC is trading and all bearish signals that we saw back on Dec. 20-21 have been deleted.
Both the MACD and RSI went through a reset and prices continue to aim and climb higher.
...
BTCUSD seems to be moving in an upward direction, considering the fact that it hasn't made any Wicks on Monthly candles like the last time when it made its Highs.
From where, we could easily be targeting a Level of around $30000, What do you guys think?
Bitcoin, BTCUSD, on the weekly timeframe continues to aim higher... Let's have a closer look at the RSI, multiple milestones have been hit this week... Let's get into it.
BTCUSD (W) RSI:
Here we can notice that the RSI hit above 80 for the first time since December 2017 when Bitcoin hit it's All-Time High (ATH).
When...
