Bitcoin has followed a massive spike this year, even at the area levels between $ 52,000 and $ 55,000, getting huge buying pressure on DIPs at $ 50,000. Exiting the bullish outer channel and the break of the 200 moving average is not good news for Bitcoin, however we can see signs of a buying pressure in the $ 50,000 area, as has happened before. At the same time...
Bitcoin has managed to bounce from the $ 45-46k area, forming a trading zone around $ 47,500, with a growing pattern. In 1D candles the technical situation is negative, along with a bearish divergence between the RSI indicator and the price action. In 4H candles the indicators remain neutral on the way to being positive, which is a good sign. Also, Bitcoin's...
After being on the tightrope over the bullish channel, Bitcoin's dominance remained in a kind of sideways movement with ups and downs, this has given some respite to the other altcoins. Our forecast is that after the stock is rejected at the 200 SMA, visit the 50 SMA and pull back to support at 67.5%, this could give the pairs a little push against BTC. As...
Bitcoin broke the resistance of the previous ATH with a volume higher than the previous one, although not the largest of the full cycle. A bullish channel has formed that had two small breakouts with throwback. The price action is above $ 34,000, which remains above the support of $ 33,300 the probability of continuing to rise remains. In addition, the overbought...
Since the beginning of the year, we have seen Bitcoin far exceed the resistance of $ 30,000, something that was unlikely. Over the past few weeks several resistances have been broken, and following the same path, the same has happened in this one. This is due to the entry of different institutions taking advantage of the low volume and volatility of the...
In 1 hour candles we see how the price has formed a descending channel, where also, in this last hour, the price has bounced down from the dynamic support of the 50 moving average. In the short term, we could see Stellar drop to support at $ 0.12. Although unlikely, it could push the price straight up by breaking the descending channel and visiting the $ 0.15...
The price, after forming a pennant pattern, has broken it to the upside, gaining momentum to a new high, where it has encountered previous resistance at $ 28,400. Now a bullish triangle or cup pattern could form, depending on the next move. If it loses the white support line, not yet confirmed, it would have dynamic support at the 50 moving average. If it bounces...
Bitcoin has broken the outer bullish channel that we have been following for some time, which has caused a noticeable increase in price action, reaching its new ATH above $ 28,400. The RSI indicator made a double top in the overbought zone, in 1 hour candles, while the price and volume range show great indeterminacy in the market, forming an evening star,...
As we can see, Bitcoin has created a bullish channel that at the moment has presented 2 fake breakouts, always returning to the bullish channel but without breaking it down. This could be good news, however the new highs have been made with less and less volume in 4-hour candles. Currently the price is struggling with a resistance between $ 24,050 - $ 24,100,...
After the news of the SEC's lawsuit against Ripple, acting as a strong negative fundamental, the price has been driven lower with losses of more than 25%. The market HAS ALREADY ABSORBED this news, which could translate into a LONG-TERM buying opportunity for Ripple, as the price has seen an increase in the last few hours by more than 10%, bouncing off the $ 0.30...
After breaking through the resistance at the $ 23,250 level, it is preparing to make a throwback, which if confirmed could give a very clear long entry for Bitcoin as a take-profit point at the top of the ascending channel, $ 24,000. In the event of the throwback not being confirmed and breaking the new support with a pullback, it would give clear entry for a...
After breaking the S / R level, returning to the bullish triangle from the previous move, it has entered a descending channel. According to market sentiment, we could see a breakdown of the channel to the upside until it reaches the S / R $ 630 level again. In the case of continuing in the descending channel, it could find the dynamic support of the triangle and...
We see a strong rejection from the price action at the $ 22,500 support zone. This may lead to a small pump & dump move from $ 22,500 to $ 23,200, a good zone to open Scalp trades. From here the price could visit the upper part of the channel again or make a double bottom and repeat the previous movement. Our sentiment is that a pump & dump will take place due...
Forming an inverted bullish triangle, which finds its base between the resistance line of $ 0.60, the probability of revisiting that resistance increases. 1. In the case of CONFIRMING a breakout of this resistance we could see how the price action triggers Ripple again, bouncing between $ 0.60 and $ 0.72. 2. If the price breaks down, we find the dynamic support...
Following the breakout of the bullish triangle at the $ 19,500 level, it reached the top of the channel at $ 23,650, where it was rejected forming a descending triangle pattern, which has been broken to the upside. In turn, a small bullish channel (light green color) has been formed driven by the support of the 50 moving average in 1 hour ranges, which has been...