I am watching the trendline pullback and I am also back on tracking the potential bear side Median Line on the right. Anyhow as first step I will check if prices will be able to hold the light blue zone of the channel on the left.
Here is the current status of all CME Gaps There are still a lot to go, lets see how fast we close the lower gap
Bitcoin is trading to the top of its 3 month balance area. This level has presented as strong overhead resistance this past couple of months. A breakout above this level on increasing volume would likely see Bitcoin trade to 52000 in the coming days. More likely will be a rejection of this level, seeing Bitcoin trade back down through its recent range. I say...
Recently we noted that migration of capital out of Russia would benefit cryptocurrencies. We even noted that it was possible for the downtrend in cryptocurrencies to cease and reverse to the upside, especially if the general stock market would stop ongoing selloff. However, so far this has not been the case. The general stock market has been volatile and...
$BTC1! on 1hr DeathCross What is a Death Cross? It's a technical pattern in which the 50-day moving average on a stock or index crosses BELOW its 200-day moving average. The indicator is considered a bearish sign. What are your thoughts? Thanks, Kelly
$BTC1 to fill Gap under 43k 42k is my support level. What are your thoughts? Thanks, Kelly.
Here is the current status on Monday open We still have. Microgap from last week and a new one from this weekend
Bitcoin Is Rising Now But It's Trading In An Overall Downtrend We will soon see it retest the descending resistance line at 41350 From where I expect it will move down towards the 32800 areas
Here is the current state of all open CME Gaps. Lets see how fast we close the upper Gap. ;)
$BTC1! Daily Head and shoulders pattern Potential Reversal Potential for reversal. Expect pullback first. See my yellow dotted line. Previous lows show that it is on a curve, but still in an uptrend. What are your thoughts? Thanks, Kelly
$BTC1! Daily Head and shoulders patterns. Potential for reversal. Expect pullback. What are your thoughts? Thanks, Kelly
$BTC1! Head and shoulders Looks like more of a potentially bearish month for BTC. What are your thoughts? Thanks, Kelly
The market gives us this early signals that the price action will retrace anytime soon. I'm expecting this because we saw an massive upward move recently and in order to sustain the new trend, the price must correct and build a healthy market trend. My bullish sentiment will be completed when the price fall down to it's gap, that gap must be filled to correct the...
At the cusp of violent volatility. Price Action broke out of an ascending triangle previously discussed. The measured move of this ascending triangle is 77.4k. However a rising wedge has been painted. If price action break up from this rising wedge this will result in a blow off top reaching 110k. Otherwise, if price respects the rising wedge then it will be...
We are in for a big week with the Fed's announcement on potential interest hikes and further tapering of their bond buying program. Are they already priced in? Let's have a look... We have seen the typical panic across the board for the Fed's announcement (we knew this since last July!), the expectations are increased interest rates and potentially more than 4...
There is an unfilled CME gap at 33000 $ for bitcoin. This is a possible bottom of the current correction. A 33k bottom would mean that we still have a higher low structure. Slightly below this level, we also see there has been the weekly open price for bitcoin at 32k-ish (twice) which could strengthen this zone as support.
Now price action will drift again then drop to close the CME gap at 23.8k. last gap in my opinion is at 11k.