Bitcoin: Thoughts and Analysis Pattern – HL building?
Support – 63,860, 60,675
Resistance – 66,710
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at BTC on its daily chart.
Today, we have broken down the current PA we are watching on BTCUSD.
Two things have presented themselves to us. Could we have a new HL forming after yesterday's fightback? Could this then set off a new leg higher to test the top of the range?
Or two, could this be a false point of support, and will we see sellers make a new move at testing lower-range support?
Good trading.
Cryptomarkets
XRPUSD: Thoughts and Analysis Today's focus: XRPUSD
Pattern – Descending
Support – .4960
Resistance – .5337
Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRPUSD on the daily chart.
We have reviewed levels and possible price patterns, focusing on current support and resistance levels. Will we see buyers push forward from the current mini breakout, or is this a bear trap that will break lower once Bitcoin prop-up fades?
Good trading.
BTCUSD: Weekly continuation?Today's focus: BTCUSD
Pattern – Continuation (Bullish)
Support – 41,450, 38,514
Resistance – 44,713, 47,540
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart.
So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and forming a doji candle pattern, buyers continue to do the right things for a potential continuation pattern.
Will we see price contnue to push higher and test 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up.
Good trading.
Crypto Market Analysis 27 AugustIn this video I break down my thoughts on Bitcoin and Ethereum going into the weekend and next week, since the price action of these two tokens tends to move the entire altcoin market. Overall, I think that cryptocurrency markets look quite bullish at this point in time, although I will stay alert for a pullback. Please note that this is not financial advice. Good Luck!
[BITCOIN, LITECOIN, & ETHERIUM] HEALTH CHECK UP! This educational video talks about the health of overall general crypto market cap and how have seen it go lower since last time I checked it. Crypto is very volatile, but has nice returns if you know what your doing! If your new to this space and intend on scalping, swing trading or hold a position on long term investor trading. Be prepared for a volatile roller coaster ride! I don't regret anything i have personally have done in this space yet. Its been exciting ever since I started in 2017 and their is so much to learn. This blockchain technology is the future!
If you enjoyed this video give me a like and follow me to hear my latest technical analysis on what Im trading.
Thanks
CryptoBuzzAnalyst
PS. This is not financial advice just educational material. Do your own research and take caution before u think about day trading or investing in crypto!