TradeDog-Research

TradeDog-Research

After being without insignificant action for quite some time, BTC showed some signs towards a potential downside. The price level faced a negative crossover against EMA-200 after it was unable to maintain sustainability above it. The price level also went below the 0.236 FIB level and a breakdown below the crucial mark of $26K can be major bearish indicator....

TradeDog-Research

The past week for Bitcoin was mostly traded in a consolidation range between $26.5K to $27.5K. On the Fibonnacci retracement table, there is a resistance zone above the 0.382 FIB level. On the contrary, the support zone can be placed below the 0.236 FIB level. The RSI level is currently showcasing negative nature while residing around 45.28. However, the MACD...

TradeDog-Research

The past week for Bitcoin went negative as it was down by nearly 2% in a 7-day timeframe. On the chart, the price level formed a falling channel pattern. However, after showcasing strong signs of accumulation around the 0.236 FIB level, the price level went for a positive breakout above the 0.382 FIB level. The current setup suggests that BTC might have the...

TradeDog-Research

The world’s largest cryptocurrency was struggling to have a positive crossover above the crucial mark of $30K. Towards the end of the week, selling pressure kicked in which forced the price level to drop below $28K. On a weekly setup, the BTC price level is trading at the lowest region in the Fibonacci Retracement while the RSI suffered multiple breakdowns to...

TradeDog-Research

The world’s largest digital asset is facing consolidation for the past couple of weeks. On the technical chart, it has formed a consolidation range between FWB:27K to $29K. Within the consolidation range, the price level is having support from the middle basis and resistance from the upper line as well. An opposite move could be a significant momentum signal....

TradeDog-Research

The world’s largest cryptocurrency is now eyeing to break above the crucial mark of $30K. In the past week, BTC did face profit booking momentum which forced the price level to drop to $26.5K. However, the level bounce-backed and currently maintains sustainability above 0.236 FIB level, which is a positive sign The expansion in the width of Bollinger bands...

TradeDog-Research

The world's largest cryptocurrency developed a much-needed sustainability above the FIB level of 0.236 FIB level. However, MA-20 looked vulnerable facing a negative crossover against MA-50. This may result in a breakdown below 0.236 FIB level. The RSI level also showcased its negative nature while residing at the level of 36.72. Overall, the support levels for...

TradeDog-Research

The past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K. On the Fibonacci retracement table, the 0.5 FIB...

TradeDog-Research

Bitcoin faced significant resistance from the crucial psychological mark of $25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%. MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment....

TradeDog-Research

BTC had a positive crossover against the crucial psychological mark of $25K. The breakout suggested that there is significant positive momentum prevailing for the world’s largest digital asset. The RSI level is also trading at a bullish level (62.00) with the potential to have a positive breakout to the overbought region. However, the MACD level is looking...

TradeDog-Research

Bitcoin started to shed its positive returns at the start of the second month of 2023. As observed in the chart, the BTC price level is currently trading at a critical level of 1.0 FIB level upon which a negative breakout could result in further price damage. MA-10 also suffered a negative crossover against MA-50 in the past week. The downside expansion in the...

TradeDog-Research

The world’s largest cryptocurrency has maintained its positive momentum and accumulated approximately 36% returns in January. BTC has been in a Bear trap, it had hit its low of $15.5K and took support at the resistance trendline as shown in the chart. After consolidating there for 2 months, BTC shot up to the level of $24K and is currently retracing and trading...

TradeDog-Research

Bitcoin continued its positive momentum in the past week as the YTD gain reached approximately 40%. On the Fibonacci retracement table, BTC price level had entered the resistance zone which is above 0.786 FIB level. Considering the technical indicators, Bollinger bands has contracted its width which suggests a potential consolidation or profit-booking momentum....

TradeDog-Research

The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its...

TradeDog-Research

The world’s largest cryptocurrency has maintained its positive momentum since the start of the year and generated approximately 36.83% YTD returns. On the chart, two areas are marked representing the resistance zone and sustainability zone, respectively. The current price action of BTC suggests that it will be targeting a positive breakout above the resistance...

TradeDog-Research

BTC had a stellar start in 2023 as it broke above the crucial psychological mark of $20K. The YTD gain is now almost 25% while the weekly gain is around 20%. On the chart, Bitcoin broke above the 0.5 FIB level, entering the resistance zone present between 0.5 FIB level to 0.618 FIB level. The key level to watch out for is $21K and sustainability above it. If the...

TradeDog-Research

Bitcoin started 2023 on a positive note as the price level formed a rising channel pattern on the chart. Considering moving averages, MA-10 is trading above both MA-20 and MA-50, which is again a positive sign for the world’s largest cryptocurrency. The RSI level is also showcasing an extremely positive nature with a breakout to the overbought region. At the...

TradeDog-Research

The last quarter of 2022 turned out to be the most damaging one for the world’s largest cryptocurrency. As the price level was able to maintain sustainability above the crucial support level of $18K, the collapse of the centralized exchange, FTX, resulted in a bloodbath in the overall market conditions. Thereafter, BTC suffered a new 52-week low of approximately...