Mid-term recommendations: BQX/BTC ETHOS has recently reached a low point around 4430 Satoshis and is currently forming a cup configuration with a hanse that has yet to be confirmed. The prices are now in what should be the bottom of the hip. From an indicator point of view, the WaveTrends has already crossed up below the -50 level, which is generally a good...
Technical indicator: The MACD What does it represent? The MACD (Moving Average Convergence Divergence) indicator is one of the trend indicators. The MACD corresponds to the difference between two exponential moving averages of different periods (the most common are 12 and 26 days) It is a complementary tool to moving averages that allows you to anticipate...
During the previous session, the Bitcoin unscrewed and received a support level of around $6210 on Bitmex. XBT then bounced back and now evolves in an upward bevel configuration. As you know, this downward trend pattern often has a downward exit as well. In addition, this level also corresponds to a horizontal support at $6260. The strategy is to go short if these...
BTC Strategy We can see the beginning of training in double bottom expanded on the BTC/USDT in 4h time horizon. If this figure is materialized by a break of the resistance at $6650, a buying position can then be initiated in order to target the $6715 initially and the resistance at $6800 thereafter. Summary of the strategy Buy: confirmed breakage of the...
New day on the cryptos market! What happened last night? Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion. The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800....
BTC Strategy As announced this morning, Bitcoin is currently trading in a range from support at $6260 to resistance at $6350. BTC currently stands at $6324, below the 23.6% retracement of Fibonacci. As the market is uncertain, we must favor short-term trading strategies. We can see on the graph below that the 23.6% retracement, extension and $6350 level form a...
BTC strategy As we announced in this morning's State of Mind, BTC is currently evolving around its support at $6460. The technical indicators in horizon 1h are bearish except the WaveTrends. There are 2 possibilities of evolution, either the Bitcoin preserves its support and bounces back, it would then move towards its resistance at $6550. The other scenario,...
New day on the cryptos market! What is the feeling this morning? The market has declined since the beginning of the session, as evidenced by the market capitalization, which then stood at $219 billion and now stands at $214 billion. The Bitcoin is currently evolving just above its support at $6460 after breaking the previous one at $6550. From a technical point...
BTC Strategy As announced in the State of Mind, Bitcoin shows signs of reversal in 1h horizon and technical stuation is positive over a 30 min horizon with a MACD that crossed upward, a CCI above the -100 level and a WaveTrends bullish. BTC is currently testing its resistance at $6550, if it breaks, the strategy is to buy as close as possible to this level in...
Potential Cup and Handle configuration on BTC, theorical target around $6700 !!
BTC Strategy As announced in the State of Mind, the Bitcoin is currently testing the support at $6460. Thanks to the Fibonacci extension, we can determine a support area between $6440 and $6460. The technical situation being negative, a break in this area is quite possible and a short position also if this happens. If this zone resists, however, we could...
:sparkle: New day on the crypto market! What is the feeling this morning? The market is down since yesterday's peak at $218 billion. Indeed, after having gone from $214 billion to $216 billion overnight, its market capitalization is back to $214 billion. The Bitcoin failed under its resistance at $6550 yesterday and is currently testing its support at $6460....
We can see a Cup and Hands configuration on the XRP/USDT pair in 30 min time horizon. The theoretical objective of this chartist figure is equal to the depth of the cup which gives us a target around 0.60$. As you know, technical analysis is not an exact science, so you should be careful if you decide to capitalize on this opportunity. If you enter the position,...
BTC is currently under resistance at $6460 and we can observe an inverse Head & Shoulders configuration on H1 time horizon. If the resistance breaks, we can open a buying position to target the 38.2% retracement of Fibonacci to $6520 initially and the level of $6600 thereafter ! Strategy summary Buy: Under $6475 if resistance breakage (breakage confirmed by a...
New day on the crypto planet! What is the feeling today? Well the session starts in the red today! As we had previously announced, a correction was not impossible and even likely after the upward acceleration of recent weeks. Market capitalization is therefore down today and stands at 416 billion dollars. The Bitcoin almost tested the $9,800 level a few hours...
The Bitcoin is currently above $9,300, and the bullish recovery seems well underway. Nevertheless, before the BTC is in confirmed bullish trend, it will be necessary that the resistance at $11,800 is exceeded. This former support/resistance area has already been tested 8 times and is therefore solid. If the BTC crosses its resistance at $9,860, the prices should...
There are currently 2 main scenarios on Bitcoin: 1) The continuation of the short-term bullish trend and the medium-term invalidation of the long-term bearish trend. 2) A failure under the resistance zone between 8200$ and 8400$ and a probable return under 7000$. For the first scenario to materialize, prices need to peak higher than the previous one, followed by...
1) Triangle breakout and pullback 2) CCI positive and uptrend 3) MACD crossed an up