Hello all traders, here it's the analysis and the chart work of bitcoin after the weekly candle closed. After the 7 days of waiting the volatility that occurs in the market, finally we've seen the weekly candle closes. With another uncertainty occur in this zone. The weekly candlestick closed with a type of long legged doji which represents a big war between the...
Hello all trader, welcome back to the Sunday analysis of bitcoin. We've seen a very volatile moves from bitcoin based on today's movement. the price has shown a $1000 drop just in less 1 day of trading session. And once again we've seen the mixed bias here on the bitcoin. The mixed bias here is when there are a strong bullish and the bearish bias occur at the...
Hello all, today I'm not going to cover any movement about bitcoin. I will cover the other crypto asset that bring attention to me. Here is the Ethereum chart work as usual. Ethereum currently is still trending right inside the up trend channel that has been formed since March 16th, 2020 . Current price is still trending right above the median line of the channel...
Hello all and Happy Friday! let's do the technical analysis about bitcoin in general. The key of current bitcoin's movement is the euphoria from halving event. It seems like a lot of stakeholders are still interested to collect bitcoin during this event which take place at around May 12th, 2020 . Based on the previous action during the halving event, bitcoin...
Hello all, welcome back to the chart work of bitcoin. This time, I'll cover the bitcoin in 4 hours time frame. Now, let's see what is the possibility of the price in the upcoming moves. Based on current bitcoin's structure, there are a very important moves that everyone must see during the post double top pattern. The price was getting rejected after it touched...
Hello all, here I present you my newest EWT analysis on bitcoin using the 4 hours chart in the middle term major cycle. Let's enjoy it! Based on my Elliot wave count, I assume that currently the price is on its process to finish the sub wave 4 of the wave 3 in the higher degree. There are some factors that supports my bias for this Elliot wave theory and here...
Hello all, here I present you current bitcoin's condition. With this pattern in play, bitcoin has once again confirmed a potential consolidation play on the 4 hours chart. The price is now coming closer to the APEX of the triangle and there is the place of taking decision of where will the market head to. Beside all of these price pattern, we can see that...
Hello all, here I present you the chart work of bitcoin. The price has bounced to touched the anticipated region at around the $9400 region which is at around the upper line of the down trend channel which acts as a resistance trend line. This action however is similar with the previous action that has occured at this bitcoin's movement with a series of breaks...
Bitcoin has shown us a very strong action of bullish that is now trying to approach the upper line of the down trend channel that has held the price since June 2019. With today's move of the 15%+ gain in 1 single day of trading session, the price has broken out of the strong resistance area and the liquidation zone. There are few things I want to highlight related...
A quick update about bitcoin perspective on the 1 week of time frame. There are 2 important support trend lines from this weekly bias. the first trend line is the yellow one which has been broken and the 2nd one is the white support trend line that is very major. If we use this yellow trend line as our benchmark, we can see that there is a potential of break out...
Hello all, welcome back again with the bitcoin technical analysis. This time, I'll start this new week with an analysis based on the price action and the dynamic resistance of moving average on bitcoin. This analysis will cover all the area of potential movement for bitcoin whether it will goes up or down. Bitcoin in the last 3 days is having a very low...
Hello all, I want to make this as quick as possible so let's get into it now! Our last short doesn't go so well with this current spike to the upside, so I'll try to update again about the newest idea of bitcoin chart work. Bitcoin has tried so hard to breaks out of the 1000 moving average as the dynamic resistance on the daily time frame. But, it ends up to...
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Hello all, here we go again with the bitcoin update for the daily time frame. Let's get into it! The most important thing is that the price has already shown a rejection toward the crucial area here. This crucial area has been anticipated in the previous post. The median trend line of the channel and 1000 moving average are acting as a strong resistance...
Happy Monday and happy new week. Welcome to the first day of the next beautiful week hopefully. Let's come back to the technical analysis of bitcoin again. Looking at the chart applied, the price of bitcoin has formed a parallel channel. Because of this parallel channel, there are some levels that may we consider as the key levels for bitcoin. 1. The first key...
Hello all, I want to give the update of current bitcoin's condition especially from the intraday perspective. In this analysis I want to give more highlight on the 4 hours chart which showed us a crucial sign. Talking about the crucial factor that may affect the price of the bitcoin, the most important factor on this 4 hours chart that is just the basic of the...
This time I won't cover the technical analysis of bitcoin again. I will look forward for the technical analysis of the bitcoin dominance in the market because like what we've known that the bitcoin's price is highly correlated with the bitcoin dominance in the crypto space. Following my previous analysis about this dominance, we can see that there are 2...
Once again bitcoin has already shown us the bearish moves today. I will show you another perspective from the daily based. From the chart applied, we can deduce some of important things that will affect the bitcoin moves in the future. First of all, I want to show you the reason of why the price bounced from the low of $4000 at March 13th, 2020. The main reason...