Namaste guys , I am publishing something unique and shocking ta based on 2015 bear market.
Explanation need bit time to understand comparison.
1) Bitcoin in Descending triangle time in 2015 was around 116D and in 2018 315D i.e around 2.8 times more
2) bitcoin in 1st slower accumulation in 2015 was around 61 D and in 2019 175 D i.e around 2.9 times more
3)...
Bitcoin still can not moves from its sideways pattern which is not very interesting for us as a day trader. The lack of volatility and a lot of choppiness is becoming the main problem we are facing right now. Because with this market condition, the risk deviation is getting higher and the uncertainty remains on current condition.
There is another pattern that for...
Bitcoin (XBTUSD) continues to print weakness while many altcoins are printing strong charts vs Bitcoin... We are likely to drop.
On this chart we have the MACD going below zero while the RSI is now below 40, both looking bearish.
Prices managed to close below EMA10, EMA50, and EMA100.
We also have multiple lower highs...
Even on a bounce, strong resistance is...
june 24th BTCUSD Bybit Bitcoin Chart Analysis
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for june 24th .
This is a 30 minute chart created yesterday.
Without much movement, the sideway move finished.
At the bottom,
without leaving...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9513.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD 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 support.
....
Papa Bear is proving to be 'worth its weight' at present and it's almost ready for a name change. :)
BTC has been printing higher lows since hitting our long awaited target, and it fits a bullish scenario - as long as it continues to do so. It's next move is likely to be spectacular.
Let's have a look at the indicators for Bitcoin (BTCUSD) Weekly (W).
Here we have the RSI and STOCH on the same chart:
- The STOCH is showing lower highs and trending down.
- The RSI looks strong but is facing resistance right now after a lower high.
- Both indicators are showing good potential for going lower.
The MACD is also starting to show a curve:
With...
