VinanceYT

VinanceYT

As stock and crypto are in a bear market, Tesla is no exception to the rule. In fact, it seems like the fall is excellerating faster, which is indicated by Fetch Trends. The strength of the trend is visualized by the change in colors, giving this chart this gradient. With the SPX hitting resistance, and Tesla breaking support, 100 USD is the next obvious target...

VinanceYT

In my last post, I made the case that Bitcoin has found its bottom at the green support zone because of the following reasons: 1: Bitcoin has fallen 20% from the current peak to the support zone 2: The support zone was key resistance multiple times. The fact that it broke resistance is significant! 3: The 21 weekly ema was at the support zone. As we can see now,...

VinanceYT

Despite the fact that COINBASE:BTCUSD has fallen 20 percent over the last few weeks. I think the price, at this point, is still bullish and here's why. As we can see on the chart, we have the green support zone which has been touched. This zone has been resistance on October 25 in 2019, Februari 13 of 2020 and in May and June of this year. This implies that...

VinanceYT

In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about. Falling wedges and channels are my favorite bullish trade...