Hello all, Happy Monday I hope you're doing great! Today is Monday and I will try to cover the bitcoin's analysis for 7 days ahead. Bitcoin, Just like what I've posted earlier in my previous idea about the contracting triangle is still looking good and still in play as well. The price is still trending inside this triangle since the beginning of the month....
Hello all, welcome back to the daily analysis about bitcoin. This time I will share my overview of current market condition based on the 4 hour chart. Continuing my yesterday's analysis about bitcoin, This time I will share to you about the Flag correction pattern which usually occurs in the 4th wave after parabolic moves. I will try to explain the psychology...
Hello all, here I want to give you an update about bitcoin's move and analysis. First, I want to cover the Elliot wave perspective that I combine with the fibonacci extention number. From this perspective, I find that there is a possibility for 1 more wave going up with the target of the 1.618 fibonacci extention from the measurement of the wave 1 and the wave 2...
A quick update analysis on the Enjin here, a nicely potential pattern has formed up for this coins. For short term, I'll expect some retracement potentially to .5 fibonacci retracement which is the confluence area for potential support where the handle pattern looks like to ends up. The next set up for a trade is when we see any break out or rejection at those...
It's been several weeks that I don't cover the analysis of bitcoin dominance. Currently the bitcoin dominance is still trending at its neutral zone which is around 67% level which leave it unbiased. With the chart applied, we can easily deduce that the up trend channel is the crucial factor that hold the dominance as well. Dominance has showed us 2 attempts of...
Hello all, here is the analysis of bitcoin's for short term. Today I will try to cover the movement from the lower time frame of bitcoin. That is the 4 hours chart that I've applied. Every time we want to look for a break out, there will always be a crucial trend line that could drive the price. Based on this chart, there are 2 crucial trend line that could be...
Hello all, this time I'll cover one of my portfolio which is my favorite coins for long term hold. The coin is Ethereum. I will cover on both fundamental and technical analysis. Ethereum is the 2nd favorite coins and the 2nd coins which has the most market capitalization. Since its initial offering, Ethereum has gained on a tremendous value of dollar. So far,...
Bitcoin has shown an impairment of its value with today's drop from the high of $9300 region to the low of $8620. Based on the daily perspective, the price however is trending above the .236 fibonacci retracement level. Is this a strong support? A lot of traders may assume that the .236 fibonacci retracement is not a significant level based on the fibonacci rules...
Hello all, Welcome to the new week of another cryptocurrency analysis. I hope you are doing great! Here is the perspective of the weekly chart that I want to cover. Today is Monday and there is still 1 more hour for this weekly chart to closes. But, looking at current market's structure we can deduce that the bears are starting to take over control of the whole...
Hello all and Happy Saturday, bitcoin has shown us a bounce since it touches the S2 which moves align with the lower line of the channel as support trend line. Now, what would be the next moves? Let's focusing on the analysis below. First of all, I want you all to look at the S1 that I extend to the previous period. You can see that current was holding a crucial...
Hello all, here is another analysis of bitcoin's movement in the future. Watch and enjoy it! The chart has shown us a clear sign of the bearish structure that could be in play. A lot of factors that could easily identify the bears are in full control for now. One of them is the size of the red candle which is the most significant comparing to all factors. The...
Hello all, welcome back and let's do the analysis about bitcoin and the chart work for short term purpose. The chart however has shown us everything in a very clear for me. The latest drop was because of the previous unbroken resistance that can't be broken as well. This is the consequence of trending at the resistance for too long without any action of broken...
Hello all, today I won't do a technical chart work on bitcoin because the bitcoin's movement is still in play with yesterday's analysis. Currently the crypto market cap is testing the white region which becomes a strong area of resistance. Not just it's testing the area of .786 of fibonacci retracement which is the last crucial number of all the fibonacci level...
Hello all, here is the another bitcoin perspective from the daily time frame. Yesterday, the price has dropped heavily from the $9800 to $9200 just in 1 hours of trading session. Because of this drop, a lot of traders has changed their bias from bullish to bearish. But, for me it's not that easy change bias only looking at the panic attack in a single action! For...
Hello all, Happy Monday and I hope you are all doing great in this market. Now, I want to cover the weekly view of the bitcoin in very detail analysis. The first thing that I want to give the highlight is usually become the most important thing which highly affect the market movement. And from this technical view, the previous performance becomes the most...
If we talk about which crypto asset which has the most correlation with bitcoin, it will be very ignorant to me to not answer Ethereum. Yes, Ethereum is having a positive correlation with bitcoin and it's highly correlated to it. Like you can see on the last 2 days when bitcoin has its bounce with 10% up from the local bottom, Ethereum is doing the exact same...
Hello all, here it is again the chart work of bitcoin. Bitcoin has shown us some source of bounce since it touched the lower line of the yellow up trend channel which makes my previous plan of waiting the breaks down of the lower line of this channel invalid again. So, here is current condition that I see from current structure of the price. Looking at the daily...
Hello all, today is a very special day for bitcoin especially. Because today is the event that take place of every 4 years in the crypto space. This event called the halving. The halving of bitcoin is the event that take place to cut half of the miner's reward. This is however will give both direct and indirect effect for bitcoin's price. On current chart work,...