Bitcoin is currently trading at $10290 following a nice daily bullish candlestick of 5% Bulls seem to have control now over the crucial $10k level and are looking for further continuation. There was resistance at $10188 and at $10207 (26 day EMA) and it seems that both were broken easily. The daily EMA’s are looking to cross bullish again in the next few days if...
Bitcoin has just broken the $10000 level for 1 hour and is now trading below it again. Bitcoin is currently trading at $9985, clearly there is a big battle going on between the bulls and the bears at a crucial level. So far bulls are managing to create a bull flag on the hourly chart. Additionally, an equilibrium pattern also seems to be forming on the 1 hour...
Tezos (XTZ) just had a massive spike and surged around 25% in basically just one hour. Coinbase pro just announced they will be listing Tezos and bulls certainly took advantage of it. Tezos has been in a daily downtrend for months now, this does change the trend momentarily but we have to be really careful since this is only a 1 hour candlestick, bulls need...
Bitcoin has been forming a weekly bull flag for some weeks now and it’s pretty much confirmed at this point and still in place even after the recent pullback. This bull flag is also a ‘Falling Wedge’ which is also a bullish pattern. The price has seen solid support at the 12 day EMA on the weekly and has bounced 2 times already. The 12 and 26 EMA’s are still in a...
The crypto market has been in a small downtrend recently and pretty much all cryptos have suffered. Ethereum has been trading sideways for 2 weeks now and has confirmed an equilibrium pattern on the daily chart. The current high of the pattern is $226.22 and the low stands at $200.5 although a new higher low seems to be forming at $202.46 but is not confirmed just...
Following a steady hourly uptrend, Bitcoin finally touched the $9000 level again and bulls took advantage of it and pushed it up to $9300 within 2 hours. Bitcoin did not crash this time and it’s stabilizing at $9250 for now. The daily uptrend is now in place again and the weekly bull flag seems to be confirmed at this point. Most importantly, the monthly uptrend...
Ethereum on the daily time frame broke the low of $233 which was support and it’s clearly more bearish than Bitcoin and the others. Our new daily lower high is $254.4 and anything under that level is just a lower high of a bounce attempt. The next support is at $222.8, really important support level because after that, there is no nearby support level and would be...
After a significant pullback across the whole crypto market, Litecoin bulls didn’t need long to prove they are still strong. Litecoin saw 7% gains yesterday and another 7% today, trading right now at $119 after the low of $97 just 3 days ago. Not all the coins have done the same and Litecoin has diverged once again from the herd. Bitcoin is seeing some...
It’s no surprise to see Bitcoin pullback after 13 weeks of higher lows. Bitcoin was forming another tightening pattern, this time it broke bearish after we broke the low of $8005. Bears had a good amount of continuation and were able to bring Bitcoin down to $7481. The daily chart is certainly showing signs of a trend change, we are now currently in a downtrend...
EOS came out as quite a surprise. EOS was looking to be quite weak, it was in a tightening pattern alongside the other cryptos, however EOS did have a fake breakout. The high was $6.59 and was broken up to $6.008 but with no continuation and quickly pulled back. Amazingly 2 days later EOS bulls had another go at the $6.59 resistance and broke it in a big way. 9%...
Most of the top cryptocurrencies entered what is known as a tightening pattern with lower highs and higher lows. While most of them are still in this pattern, Litecoin took the lead and broke out of it with follow through action. Yesterday, Litecoin gained 13% and traded as high as $103.9 breaking the resistance at $97. We have seen some follow through today and...
BNB still stands as the lead bull in the crypto market and continues making exceptional gains every single day. Currently trading at $31.4 and forming yet another bull flag on the daily chart. BNB barely had any consolidation in the weekly chart and it’s still in the overbought RSI area. The daily chart RSI is also in the overbought area, although this has never...
After 2 days of bearish action, Bitcoin jumped right back over the $8000 level and it’s currently trading at $8066. The RSI levels were cooled off a little, however they are now overextended again on the daily chart. Bitcoin found strong support at $6913 and it’s now gaining a lot of momentum enough to break the last 2019 high of $8366. Looking at the 4-Hour...
XRP the lagger in the crypto market finally woke up and literally exploded upwards with 25% gains in 1 day and huge volume behind it. Bulls are looking really strong and all the 5 minute dips were bought instantly with 4-5% gains within a few minutes. The weekly time frame seems to have changed the trend but it’s not as clear as the other cryptos. XRP is still...
April 25 Dropdown from 5500 to 5100 There is some similarity between 2017 and 2019 in the way in which we bottomed from $5k->3k 2017 and broke back to $5k. I Have checked more than 24 Charts of #BTC today. Most are in a mindset of history to repeat itself. Charts history confirms that we are in a look-alike scenario like 2017 : 2019 in the way we bottomed...
Ripple has marched higher in the recent days as the platform is close to launching a new product called xRapid. By doing so, the XRP will be used as a bridge between currencies with the aim to facilitate the process of faster cross-border transactions. As expected, the price has skyrocketed in just 24 hours, at one point trading at 0.79$. It has retraced since but...
VeChain has created bullish AB=CD harmonics pattern. The pattern is used for both intraday and for longer timeframes. The point D signals a buy in the bullish pattern, which is identified anywhere between 127.2% and 161.8%. Since we had a reaction in the zone, the price is now on the move to the upside. The first level to look up is the confluence zone of...
Stellar is in the consolidation mode as it had been creating lower highs and higher lows in the last couple of months. The price action got rejected two times from the upper side of the triangle while the triangle support held the price for three times. However, since the last touch of the support, the coin is struggling to reach the upper side of the triangle,...