Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0000059). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Cardano/Bitcoin ADABTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a...
We can expect a move to an important Fibonacci level of 2.618 which comes at 30500 for Bitcoin
BTCUSD Hourly chart. Expect BTC to take further direction as per the breakout or breakdown of this triangle pattern.
Midterm forecast: While the price is above the support 0.02275, resumption of uptrend is expected. We make sure when the resistance at 0.02965 breaks. If the support at 0.02275 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI bounced from the uptrend #1 and it prevented price from more losses. While the...
Good morning again ladies and gentlemen and welcome back to my daily look into the biggest financial system on the planet, Bitcoin. Did I mention its decentralized? Pretty cool when you think about it. The bulls have been on a tear this week and even well into the weekend things still seem pretty strong considering. But as the year comes to a close will the bears...
Good morning again ladies and gentlemen and welcome to the 25k level. We are knocking resistance down left and right tearing our way up the charts. I said I would be satisfied if we made it to 25k but I must admit I am still pulling for the bulls! 25400 has been broken and that is the new ATH. Nicely done bulls! Lets take a look at what is going on with the charts...
Today, the weekly RSI for Bitcoin just hit its highest level since December 2017. Bitcoin's weekly RSI has only been above 88 three additional times in the past. Back in June 2017, November 2013, and February 2013. Both times BTC hit this level back in 2017 the RSI dropped followed by a massive growth in the Bitcoin price. Looking back at 2013, there was...
Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Its Christmas and I guess we all got the gift of a new ATH today. Nicely done bulls! Nearly kissing 25k is something to be proud of and we should all pat ourselves on the back for putting up with the last 3 years. As we sit in uncharted territory can we break 25k...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.00480). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCBTC 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...
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. ...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (23781.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Bitcoin/TetherUS (BTCUSDT) is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as...
Good morning again ladies and gentlemen and welcome back to my daily look into the exciting world of Bitcoin. Today I have the 4hr time frame pulled up and I see consolidation has taken hold. The bulls have taken us to new heights this year and I for one am quite impressed. But nothing goes up forever and a retrace should be on all of our minds. Even if it doesnt...
Midterm forecast: While the price is above the support 0.00600, beginning of uptrend is expected. We make sure when the resistance at 0.00815 breaks. If the support at 0.00600 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 0.0064 on 2020-11-21 and the...
Good morning again ladies and gentlemen and welcome to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up and I can see we are starting this day off right. The bulls just wont relent and we are knocking on 24k's door once again. Nice work bulls! There are still approximately one more week left in 2020 and I would love to see us end the year...
Midterm forecast: While the price is above the support 0.02450, resumption of uptrend is expected. We make sure when the resistance at 0.03330 breaks. If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
Trading suggestion: There is a possibility of temporary retracement to suggested support line (0.0000176). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Eidoo/Bitcoin EDOBTC is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a...
2020 has been a good year for BTC, as it broke above the all time high. The 2021 is going to be a price discovery year. Using time cycles we can expect BTC to print some good numbers after getting overbought.
Good Sunday to you all. Im finally back from my little get away and decided to take a look at what is going on with the charts. After spending 2 days ignoring the charts its sure nice to come back to 24k BTC. 2020 has been such a solid year in terms of growth for Bitcoin. I think it has a lot to do with the US printing massive amounts of USD to pay for the 1st...