Bitcoin (BTCUSD) is showing early reversal signals.
We can see its price now moving above EMA10 and gaining momentum.
If this movement continues, we can expect Bitcoin to hit $8,088 easily followed by $8,200 after.
The $7800 - $7900 range is where we can now find strong support. If prices move lower, this will be a very important level.
Right now, Bitcoin...
Midterm forecast:
While the price is above the support 7446.80, resumption of uptrend is expected.
We make sure when the resistance at 9243.50 breaks.
If the support at 7446.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another...
Bitcoin (BTCUSD) did not move to 9k, which is obvious, it continues consolidating within a range...
Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full...
Bitcoin (BTCUSD) took a two days break and is starting to bounce.
It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.
If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.
But if BTCUSD moves below $7993 (0.786 Fib. retracement support),...
Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since...
A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick.
But still, we believe Bitcoin will bounce and move higher, why?
The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is still...
Most people believe that Bitcoin (BTCUSD) is entering a consolidation phase (green triangle) which will lead to a bullish explosion pushing bitcoin higher in value.
A repetition of what we saw in late 2019 and early 2020.
If this scenario comes to pass, we can see Bitcoin hit $28,000+ in early 2020 and beyond...
We've looked at the short-term view, bearish and...
BTC is consolidating in a structure which looks like a classic Adam and Eve pattern.
I expect a good bullish move if bulls are able to maintain this consolidation above 7700 levels.
Will update the chart in my free channel www.t.me as the structure develops in coming days.
Bitcoin (BTCUSD) is still aiming lower. We have a short since $8200 and we think our remaining two targets will hit...
Bitcoin is trading below EMA300 on the daily time frame, so another leg down might happen before testing resistance back up... Here is the chart:
Below you can find the full details of our trade, remember...
In my last update for Bitcoin ( BTCUSD ) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed...
But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up.
Now, the...
Bitcoin (XBTUSD) is likely moving higher now... but why?
On the chart above, take a look at the trend line... This trendline worked as a strong resistance pushing Bitcoins price down multiple times.
After it was broken, Bitcoin challenged the next resistance and came back down to retest the trendline... The trendline held successfully and Bitcoin is now showing...
Following up on our last Bitcoin (BTCUSD) analysis... Will it hit $9,000 Today?
Volume is still low but gaining momentum.
Now trading above EMA10 and EMA50.
RSI is now on the bullish zone.
Bitcoin is strong and the altcoins continue to grow.
Previous analysis:...
The Bearish Descending Triangle break is one of the most reliable bearish pattern developments that can occur on a chart. Bitcoin just suffered such an event last month. And now we have the key moment: the reaction.
A bullish trend that has the potential for genuine extension and longer-term success will laugh in the face of such a technical event, quickly...
Is the Bitcoin (BTCUSD) chart changing?
Have we gone from bullish to bearish short-term after we hit 3 targets for our last BTCUSD trade?
Let's take a look...
Feel free to hit like if you want to now show your support.
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On the chart above we have the 'UPPER TRENDLINE' and 'LOWER TRENDLINE'... This is the range in which Bitcoin is trading right now.
First,...
Bitcoin (BTCUSD) just printed a strong bullish candlestick pattern, but we are not there yet...
Feel free to hit LIKE now and let's get started with this analysis... Thanks a lot for your support.
Bitcoin (BTCUSD) | Daily (D) Timeframe Analysis
Circled in green, we can see the bullish engulfing pattern.
We can see a young bullish MACD crossover.
MACD...
Bitcoin (BTCUSD) short-term drop, as seen in my previous analysis, is coming to an end.
We can look into any pair short, mid and long-term.
We are looking into Bitcoin (BTCUSD / XBTUSD) daily, in order to determine its next move.
Our main target now is $8500.
We went from SHORT to LONG...
Conditions for change
Remember that this situation/chart can easily...
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