The weekly candle is now complete and we have a bullish close at $59016.39 for BTCUSD.
Last week closed higher than the 15-Feb. week where Bitcoin hit its previous All-Time High.
The current All-Time High on this exchange (BitStamp) is currently set at $61781.83, hit on the 13th of March.
As Bitcoin grows, the Altcoins market is also doing great and showing...
We are right where we started back when Bitcoin was at $15,000 USD... The market looks overbought but the Bitcoin price continues to increase.
Let's have a look at the shady price action:
First, looking at the 1H timeframe, we have these steep drops that are quickly bought up, as if some magical entity/ies is trying to...
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?
We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.
The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.
Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.
The immediate resistance is now at...
Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range.
Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop.
Mondays can be bloody for Bitcoin so please be cautious.
This Trading Strategy is for BTCUSD which is traded on BITSTAMP exchange. The aim of this strategy is to ride the market with its ebbs and flows.
Link for the strategy:
The strategy works best on 1 Hour timeframe. The results may very different depending upon time-frame and date range...
Currently BitCoin has started to show up Signs that it might crash back to $1150 very soon. Their are couple of patterns in charts that i look for which are probably best for reversal indication and they are forming up in higher time frame charts of bitcoin. but there is more..
1- BitCoin Has recently broken above a long term curve at 1500, but there is very less...