Andy2019

Andy2019

Liturally two days ago I have posted about the heavy rezistance on 11600 level and in that moment Bitcoin decided to bounce back. Was it a top? should we sell? should we leave the market for good? Guys, don´t be silly, there is always a pullback. I await this one getting stopped maximum on the 9000 level. Why? There is a level of a massive support on the...

Andy2019

As everybody is very positive about Bitcoin getting out of a correction these days, there is still one VERY STRONG rezistence that the price has to go through. Where is the rezistance? it is where the price is now, at around 11 600 USD. We have seen massive candles to end here a lot of times + this is the rezistance zone of the whole downtrend channel, so there is...

Andy2019

Bitcoin price hit bottom of the trading channel + RSI is very oversold + we´re entering strong support zone. Bounce can happen in the zone since now until 5700 USD. Afterwards We should targeting zone of 10-12k USD. take care!

Andy2019

Bitcoin´s price has reached the buy level described in my previous analysis "Bitcoin - remember we´re still correcting". Most people are calling for forther correction now and buy level at 8000 USD or lower. But I don´t see a reason here, today we have hit the support of the long term trendline. If my trading was based truly on technical analysis, I would say...

Andy2019

Here´s just a quick idea - the range of 10 700 - 9400 USD looks like a strong support zone. We have seen it´s power twice in the history. First, it was a rezistance of course and stopped the awesome BTC growth for a while. Next time, few days ago, it stopped it´s fall. The total low of this day was around 9220 and it was bought back very quickly. Even if I want...

Andy2019

It´s funny how all those 1500 cryptocurrencies react always on the price action of Bitcoin, but the Waves chart looks exactly like Bitcoins. Well, let´s say that the evolution of waves price depends on Bitcoin again, but as I see it, it doesn´t seem like it´s gonna reverse to uptrend yet. I´d say we´ll see the price of 8 USD once more...and if it won´t break the...

Andy2019

The more I care about technical analysis the more I´m sure that using only simple trends is the thing that matters most. I want to add some thoughts to my previous Bitcoin analysis. As we see, there is a lot of trends in the chart, each one lasts different time frame. But for our needs, we can simply sort them to long term, mid term and short term. Right now...

Andy2019 Updated 

With each big BTC movement we gain more and more data about where it is actually heading in this correction. Some people thought it can´t break the strong support zone of 12 500 USD, but (even if the daily candle isn´t closed yet), it looks it did. So the question is: where is it heading now? I like to keep the analysis simple, but we still have several signs...

Andy2019 Updated 

Let´s keep the analysis simple: 1. IOTA formed a bullish flag pattern over the last month 2. The bottom line of the flag (positioned on 3 USD mark) is made by a strong resistance line, where has IOTA bottomed itself 6 TIMES ALREADY! Dips under this line were bought always very quickly. This shows, that the 3 USD line will probably hold the price above it. 3....

Andy2019

MANA/BTC is currently on the bottom of it´s trendline, bounce is possible for continue of uptrend. Here you have two types of investment strategy: Conservative: TP1: 0,00000800 (previous resistance zone) TP2: 0,00000900 (previous top) TP3: 0,00001100 (highest target based on angle of previous rises) Agressive: TP: 0,00001100 SL should be set at 0,00000500...

Andy2019

Dash/USD is on the supposr zone of $650 and also on the bottom of the trend channel.Now it has to show if it has strength to bounce and continue in uptrend, or it will be consolidating for a while Ifif there will be closed green candle above the trendline on 1h chart, it is the buytime for target $950. SL at 620 Good luck!

Andy2019 Updated 

On BCHUSD we can see a clear triangle right now. Technical analysis can´t tell us for sure where the price is going to leave this triangle (even when there is a strong support at 1430 USD). But we have also something fundamental in the game now. On 7th of December, BCH will be listed on Bitstamp exchange, so much more people will be able to trade it. This is...

Andy2019

Yesterday OmiseGo finally closed behind the price level of 10 USD and thanks to it, it escaped the long term downtrend triangle. It seems, that OmiseGO has quite long trading cycles and right now we are on the whole beginning of another uptrend channel. If OMG stays in the same bullish mood, as it was in august, we could easily hit 20-25 USD/OMG until the end of...

Andy2019

On Bitcoin day chart, we can see clear signs of upcoming correction - like 100% growth in only 2 weeks and so much overbought RSI. If it isn´t coming today, it will come in upcoming few days anyway. But what will happen next? With bitcoin, this happened few times in the past and everyone was always unsure: is it just a correction, or is it going to continue?...