For now, it is premature to talk about changing the trend to a downtrend. The key factor for future growth will be overcoming the level of 3052545, pro-trading, consolidation and further impulses can continue the upward trend, for now, it is worth watching the situation’s development.
Altcoins
There were no significant changes in Thronw, the instrument continued...
Bitcoin continues to be in a key range (see the chart). The main level for consolidation and continuation of the uptrend is 3286900. Pro-trading, price consolidation above it will increase the chances for further growth of quotations. We are continuing to monitor the situation.
Altcoins:
Tron also continued to consolidate, which indicates the levels formed by a...
At the moment bitcoin is most likely being corrected by the momentum that began on July 26, the correction should not change the existing growing trend. The idea that a major player bought bitcoin at an average price of 2774000 remains valid, further impulse growth from the current marks will confirm this idea.
Altcoins
At the moment, the key resistance in the...
At the moment bitcoin is in the correction phase to the momentum, which originated on July 13, 2022. It is a counter-trend movement, but according to our expectations it should not change it, the upward momentum will confirm this idea.
Altcoins:
Tron continues to be in a consolidation phase, which is positive for future growth, often after such consolidations...
At the moment, the price consolidation is fully formed by the current impulse breakdown, the false breakdowns at its lower boundary indicates that the big players were actively buying bitcoin at an average price of 2780000, this indirectly indicates an incipient long-term rising trend, an excellent confirmation of this idea will be the price climbing to the area...
There is a key consolidation range formed in bitcoin between the levels of 2700000 - 2845000. If buyers manage to "drive" the price above resistance, it will open the way to the growth of quotations around $25,000, the drawing of impulse movements in bitcoin now is the main moment to enter a stable rising trend.
Altcoins
Tron formed a false breakout from the...
On June 19, investors reached a maximum of pessimism. Usually at such moments there is a market reversal. In order to confirm it, the formation of momentum in the area of 3400000 is required, after which a corrective rollback will be formed with a high degree of probability. For more risky traders, entry points to buy are present at the current...
The consolidation, which started back on May 13 and the negative sentiment of investors regarding the market, indicates a significant position gained by a major player at an average price of 3800000, which can give a strong impetus to the growth of quotations in the future. The current momentum further confirms our expectations.
Altcoins:
A clear diagonal level...
Bitcoin formed a false-break from the level of 3661200, followed by an impulse movement. These facts and the pessimism of investors give reason to expect further growth of quotations, the breakdown of the level of 4000000 will give another trigger for the ascent.
Altcoins:
TRX , in our opinion, still looks attractive for buying, an additional confirmation of...
Bitcoin remains in consolidation, which indicates the purchases of large players in this range at an average price of 3,850,000. This is a positive sign for the formation of a stable uptrend in the future, a breakdown of the key mark of 4,000,000 will strengthen the growth of quotations.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a...
From May 12-13, 2022 there is a potential upside movement in bitcoin , this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 4,000,000, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto...
In bitcoin , as well as in the crypto market as a whole the uncertainty of further movements remains, the downtrend still persists. Before talking about the potential strengthening, it is necessary to see overcoming the key level of 5202599, further consolidation and growing momentum would increase the likelihood of an ascent. Market player sentiment is at...
Local price consolidation in bitcoin ended with impulse decrease. The only thing that provides confusion - is the pessimism of investors about the market. So the situation looks ambiguous: the technique says about the decrease, while the mood increases the probability of growth. Therefore, we should wait for local movements, which may give additional signals about...
Due to the formation of a false breakdown from the level of 5419234 , chances for further quotes decrease are growing. Only a return beyond that level will provide an opportunity for growth for both the entire crypto market and for bitcoin in particular. At the moment, the scenario with the breakdown of the local bottom around 3752582 is quite...
At the moment key events are taking place, in case of further price consolidation at the current levels, chances for the continuation of the current growing trend will increase significantly, the key resistance level is 5911072 (its test took place on April 3, 2022). Impulses formed from the upcoming consolidation will be an additional confirmation of the idea of...
Bitcoin continues its recovery and is above the key resistance of 5125726 (we mentioned in our previous review), which increases the probability of the growing trend continuation, locally I would like to see a correction in the form of a price trading - this will give additional confirmation of the future ascending of quotations and entry points for buying with a...
Bitcoin continues to stay in a local consolidation, we believe that there are chances for growth in quotes, but for this purpose it is necessary for the price to move to the key resistance in the area of 5125700. If this level is reached, the probability of a small local pullback will grow and chances for further rise will also grow and this will give an entry...
The key resistance level in bitcoin is 5235700, in case of approach to these marks, the probability of local pullback will increase. If after that buyers start to intercept the initiative and do not allow the price to fall deeply, which leads to consolidation of quotations, chances to ascend will increase many times. We still believe that the cryptocurrency market...
BITFLYER
