Bitcoin Cash is also clinging to an extremely narrow range between $1,256 and $1,300. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $$1,300, the upper bound...
Bitcoin broke its decrease trend line and completed flag pattern in daily and time frame. It can rise to 20k and 27k in long term about less 1 year.
Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of...
Bitcoin has been in a downtrend for some time - in a corrective structure - and is now testing a key resistance level offered by the sliding parallel of a downsloping median line. A retest will be our entry with stop-loss and tp as shown in the chart.
Bitcoin Cash has lost some momentum, but is still clinging to prices in the lower $1,200 handle. We'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, levels of resistance from above include the central moving average of the KRI currently at about $1,295, then from $1,400,...
Bitcoin Cash has edged upwards, though momentum is very thin. It currently is finding support in the $1,200's, currently at $1,280, a level explicitly identified here yesterday. We'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $936. If momentum reignites, levels of resistance from above include the...
Bitcoin Cash has consolidated notably, finally finding support in the $1,100's at $1,168 or so. Although our Elliott Wave analysis has confirmed a bearish trend, we do anticipate a corrective phase to provide a relief rally for us in the near future. We'll have support from Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $936, which are...
Bitcoin is looking quite good. MA(20) is still acting like a support. In our opinion there is very big chance for Bitcoin to go to 10 000$. Volume is lacking a bit, but it looks like the bulls could show up and break the psychological resistance. If no negative news come out, we should see a rise in the price, but as always there is a chance to go down. If our...
Bitcoin Sunday Update Nothing has happened over the last 24 hours of trading to improve the technical picture - after breaking the bear flag formation all remaining longs closed out and those day traders who then sold did well from the highs of the new day at the 9900-9917 range. Since then it's carried on drifting lower, still falling away out lack of...
Bitcoin is currently between SMA20 and SMA50. In next hours and days, we will see whether BTC will bounce back from SMA20 line (in that case SMA20 could become further support zone) or BTC will continue to fall deeply.
Bitcoin dipped below the 200-day MA and then bounced but hit resistance at $12k. $12k was a support and then a resistance zone on the way down from $20k, which also recently coincided with the 50-day MA. It has (or had) appeared to have broken the downward trend (red) taking the bounce to $17k as an outlier - there are many more data points touching that red...
Bitcoin is still looking very bullish in my opinion and is still forming its right shoulder of the inverse h&s as you can see in my previous post about Bitcoin. There is a strong support between the 9200 and 9500 levels and i'm pretty sure it will bounce off there and will head for 12k.
Bitcoin. It developed a succession of bubbles since it exists. We will not talk here about what makes an asset, or a cryptocoin look like a bubble, we will just gonna be studying Btc. We can see that some of the bubbles were bigger than some others. Every time a bubble bursted, Btc came after some time with a higher value. Btc seems to be an accumulation of...
Bitcoin new ABC correction and Big Elliot Wave
Bitcoins ~100% run in 14 days has seen it run through resistance areas with ease, but will this momentum carry it through this key area? Currently broken the 38.2% retrace (17/12 -> 6/2) 100DMA Rough Parallel channel off 17/12 -> 6/1 Upper pitchfork line Previous support area throughout mid/late January Slightly beyond those levels we have the 50%...
Bitcoin has had a wonderful ride the past 12 days up 86%, however Chinese new year is here for the next 2 weeks 16.2. - 2.3. so lower trading volume in Asian exchanges is to be expected. However we had over $900 gains on Asian trading session 16.2.-17.2., so there can still be bull runs. When looking at the short 12day bull run I think we are heading for slight...
Bitcoin is having quite a nice rally against the US Dollar since we hit the lows on the 5th and 6th, earlier this month. We are reaching another critical stage as we approach the longer term down trend line, which is also the top of the channel we currently find ourselves in. The resistance zone above 12k – 13k is the signal that I want to give me confirmation...
Bitcoin Cash retraced over the weekend along with the rest, but has rebounded from $1,450 to finally nail $1,500. Although the Elliott Wave seems to indicate a bear cycle, we must acknowledge this bull push in momentum as at least a corrective phase, but hopefully the beginning of a bull impulse wave. If momentum continues, we should be able to cross the vacuum...