CRYPTOCAP:BTC #BTC current daily and 4h candle not looking good as of now as a bearish engulfing forms, $40,583 support testing, avoided bearish engulfing follow up yesterday with previous daily closing above current support. Watch given S/R
CRYPTOCAP:BTC #BTC dropped to $40,583 support Currently struggling at $41,577 support area. $43,145 support required to reattempt at $44,174 resistance. Bearish engulfing on last daily close, should avoid follow up today. Current key support $39,458, expect resistance at $42,070 & $43,145
We have published quite a handful of Bitcoin (BTCUSD) analyses that compare in detail the current Cycle with that of 2014 - 2017. A representative sample of such study is the one below that we made on July 31: People were still in denial that BTC would extend the recover that started after the FTX crash but we analyzed in detail why we thought that was the...
CRYPTOCAP:BTC #BTC as expected $43,145 support good, $43,868-$44,174 resistance range holding strong, RSI on 4h looking good, weak volume in last 12 hours, gaining $44,174 support will help reattempt at $44,860 resistance , $45,622-$45,876 next resistance range to watch the $46,623.
In continuation of our recent analysis , we meticulously conducted a comprehensive examination of BITSTAMP:BTCUSD price action. Employing a multifaceted approach, we synthesized various data inputs and discerned nuanced market conditions. Our analysis delved into the historical 4-hour timeframe, specifically referencing November 4th, 2015. It is essential...
Monthly Liquidity Level (MLL) : BTCUSD is currently approaching a critical Monthly Liquidity level at 39965, historically significant for its role as support or resistance. Anticipated Increase : An expected 5.6% surge within one candle is predicted. This surge is considered a precursor to the initiation of a long-awaited Bull Cycle. Long-Term Target: The...
CRYPTOCAP:BTC #BTC Beautiful test through $38,509 resistance here, currently testing $38,768 resistance, $38,509-$38,768 resistance range still holding, support tested upon break at $38,008, current support $38,008. Eyeing $39,458 resistance, Bullish engulfing on previous 1d close
MIL:BTC #BTC $37,499 support in effect, two attempts on $38,509, current 4h not looking good - must avoid bearish engulfing, last 1D closed bearish, $38,768 support will allow $39,458 test - next key resistance.
CRYPTOCAP:BTC #BTC slipping below $37,499, struggle here. last 4h closed with bearish engulfing, $36,868 support highly likely in short term, Bearish engulfing on 1D also suggesting support test, bearish divergence on 1D and 4H could be at play, alts will follow. $36,868-$36,214 support range.
In my previous BtcUsd analysis, I said that 35k-35.5k is strong support for bitcoin and the main cryptocurrency remains bullish as long as this level is intact. As we can see from the chart, BtcUsd touched and reversed from this zone 3 times in the past month suggesting there is a strong demand under 36k. Yesterday the price rose back to resistance and I'm looking...
CRYPTOCAP:BTC #BTC $36,214 support held good, testing $37,499-$38,008 resistance range now, 4th attempt here, Previous 1D closed hella bullish! RSI on 1d and 4h looking good, $36,838 support not yet tested
CRYPTOCAP:BTC #BTC broke $36,868 support, back above $36,214 - yet to be tested for support, Binance's Cz stepping down news hit with bearish engulfing on 1D, jumping back up good, must hold above $36,214 to avoid follow thru. Expect resistance at $36,868.
CRYPTOCAP:BTC #BTC $37,499 resistance holding strong, $36,838 support tested and held beautifully, current support at $36,868. Previous daily closed with bullish pin bar, RSI on 1D & 4H looking good, struggling to gain $37,499 as a support, currently testing. Continue watching given S/R
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CRYPTOCAP:BTC #BTC testing $37,499 resistance, last 1D closed with bullish engulfing, needs a follow thru today to take $38,008 support. RSI on 1D and 4H looking good, 3rd attempt on key resistance range underway, $36,868 support not yet tested
MIL:BTC #BTC failed to follow thru bullish engulfing on 1D, $36,214 support testing, failed to gain $37,499, like I said expect some struggle in this key resistance range $37,499-$38,008. 4H and 1D both RSi looking goods, Current support at $35,387.
CRYPTOCAP:BTC #BTC Given resistance at $38,008 tested, as expected struggle is normal in this range, bearish engulfing on last 4h close, $37,499 testing for support, RSI on 4H looking good, beautiful bullish engulfing on 1D, let's see if follows thru, next resistances $38,768, $39,458,
CRYPTOCAP:BTC #BTC $36,214 support in effect, beuatiful previous 4h close showing good support here, nice consolidation underway, RSI looks good, $37,499-$38,008 Key resistance range here