boring_reality

boring_reality

TL;DR: Potential $8.60 retest coming up after period of consolidation. If broken, price could be heading for $9 - $10 range. Looking at the 1h chart we had an impulse move from about $5 up to the ATH at ~$8.60. The price has been consolidating for about 21 hours now. Nothing has suggested a trend reversal, which leads me to believe that the next impulsive move...

boring_reality

I've recently started to move away from trading BTC with it trading in range for the last two weeks or so. I've had a lot more success with the volatile altcoins. With that in mind, I am expecting some short-mid term bearish price movement on a few alts, specifically ADA. On the 30 minute chart we can see the 200 WMA and 20 MA converging towards each other for a...

boring_reality

There are quite a few ideas mentioning how the monthly candle will be closing today (in about 50 minutes), but what people aren't mentioning that the 1, 2, 3, and 6 month candles are all closing. On top of that this also the exact halfway point of 2020. Last July 1st the price opened around 11,139 and the lowest point of the day was at 10,396, nearly 10% lower....

boring_reality

Looking at the 4H chart there are significant areas of support/resistance at (+/- 25 BTC): 9.75k 9.20k 8.90k 8.67k It looks like we may be on our way to retest 9.2k, but that's a major hill to climb in a downtrend. If the price continues to fall, I think we have room to fall all the way to ~8.6k which is near the 1 Day 144 WMA. This will act as...

boring_reality

Going into the weekend I'm feeling bearish on Bitcoin . On the daily chart there is a lot of selling pressure trying to drive the price down. Nearby significant areas of support/resistance on 1hr - 2hr timeframe ( ± 25 BTC ): 9,350 BTC 9,250 BTC 9,200 BTC 9,100 BTC While the price isn't consistently setting new lows, it's definitely not setting new...

boring_reality

We are currently in a steep downtrend, but we are definitely in oversold territory (Bollinger & stoch RSI). We have areas of support at 9.3k, 9.2k & 9.1k. Dropping under these and then 9k would be a signal for some serious bearish price action. If we break under 9.2k there will definitely be support at the 9.15k area.

boring_reality

A lot has changed since yesterday! We've managed to break through a few areas of historical resistance. The last (obvious) level of resistance to break is 9.6k. If we can break through that our next target should be around 10k. That being said, I'm willing to bet that there are quite a few long-term trapped traders (going long) at the 9.8k - 9.9k levels. If they...

boring_reality

My analysis for today is essentially the same as yesterday and really the entire week. The price has been consistently setting lower highs which screams bearish to me. The arrows I've left on the chart are from yesterday's analysis. I figured the price would either immediately drop or rally up to 9.4k and bounce off the resistance and fall down 9.3k. My timing was...

boring_reality

Today is an odd day. Overall I'm bearish but in all honesty I don't really feel confident about the price going any way in particular. The price is currently struggling to increase with resistance at 9.3k. Taken at face value, I think that means we are going to see short term bearish activity. I say that because for the last two days the price has been dealing...

boring_reality

Looking at the 1hr chart shows that we are slowly losing momentum on the upside. While bears are struggling to break through 9.2k, bulls have been setting lower and lower highs after a significant price drops for the entire week. The possibility of the price going to the moon seems extremely unlikely. If bulls can manage to get the price up to 9.6k and break...

boring_reality

Another day of very little movement, but it's clear on just about every chart in the range of 1min - 4hr that we are in a downtrend. The highs for each significant price increase has been the result of a significant price drop, and on top of that, the highs have progressively getting lower. Yesterday we saw a drop all the way down to 9300, and a bounce to 9400....

boring_reality

This analysis is fairly similar to yesterday's as we didn't see much movement in any direction yesterday. This may continue for a while, but it looks like we've tested resistance at ~9580 three times now, each of which has been rejected. Every time the price has tried to test the 9850 resistance selling pressure has immediately dragged the price down, which could...

boring_reality Updated 

This is my first analysis but I'm trying to involve myself into the community more so here it goes: From my point of view I think we are going to see a short term drop in BTC price. The 9480 - 9500 resistance has been tested and rejected twice so far. We can see that there were 4 long shadows extending above the resistance. When it was tested again there were two...