Falling Wedge has broken through the resistance line on Jun 25, 0:00 UTC. Possible bullish price movement forecast for the next 26 days towards 0.0605.
Falling Wedge has broken through the resistance line on Jun 25, 0:00 UTC. Possible bullish price movement forecast for the next 26 days towards 29.7447.
Trade setup: Broke below $1,700 and $1,500 levels and found support around $1,000 after it got very oversold (RSI < 30). However, overall still remains in a downtrend. (set a price alert). Trend: Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). OBV (On...
Falling Wedge was identified on Jun 20, 0:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.0369 within the next 19 days, however, the price action is likely to reverse down at 0.026.
If Bitcoin were to remain bearish until fall of 2022, then BTC is still forming a bullish cypher on the log chart. That said, BTC 6.3k is possible in the coming months before a reversal trend upwards $500k
Channel Up was identified at Jun 26, 4:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 184.7600 within the next 2 days and can go higher to a price action of $260 near the top of the channel. SHORT-TERM Stochastic RSI Fast Oversold Ultimate Oscillator Bearish ADX Very strong MOM...
Channel Down was identified on Jun 25, 0:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 32.1492 within the next 43 days, however price action will likely get rejected at the top of the channel $16.00. Ultimate Oscillator Bullish ADX Neutral Momentum Bullish MACD Bullish SMA 5 Trend UP...
Trade setup: Bullish breakout from Channel Down pattern, and above $5 resistance. Could revisit $7.50 next. (set a price alert). Pattern: Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With...
Channel Down was identified on Jun 22, 0:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 31,582.8643 within the next 11 days, however, will likely get rejected at the top of the channel somewhere around 23k. Ultimate Oscillator Bullish ADX Strong MOM Bullish MACD Bullish SMA 5 Trend UP ...
Trade setup: Trend trader: Price briefly dipped below $20K support and remains in a downtrend. Swing trader: near-term, momentum is improving (MACD Histogram rising) and price could swing up to $26K. (set a price alert). Trend: Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting. MACD Line is below MACD Signal...
I noticed that BTC 4 week candle touched the slow crossing white line back in March 2020 before the huge bullish rally. Will history repeat?
Histogram MACD bullish Bollinger band up at bottom of log Hurst exponent about to change direction
BTC is on a path to make a new all time high. The question is how long and to where. In my opinion given the recent double bottom and the 1 year formation, this bull run is likely to continue until Q1 of 2023. Honestly I believe close to 250k is possible by March 2023. Impulse flat RSI oversold Fib curve up
Bitcoin looks a lot different on the 4 week chart compared to the monthly. BTC has not hit the upper threshold on the DWS indicator. HVP is making higher lows with each major drop in price. Hurst exponent changing direction. Breakout is imminent.
Bitcoin recently came down below $30,000 and below previous low. Why? After playing with the charts and indicators, I find that there is not enough data beyond 1 month. That said, the 6 month chart shows an interesting find with this new perspective. Bitcoin recently dropped to $25,425 giver or take. This price is correlated with the RMF on the 6 month...
It appears the Luna recovery has also found support on a larger time frame 12 hourly. HVP is indicating red bars coming down which may indicate a huge move soon. DWS indicator also showing a bottom found shown by the large red bar. Next resistance/support area on 12 hourly is 0.0315 cents, the line between the two candles. If breakout were to occur...
Luna has appears to have broken out of the 30 minute chart and finished retesting the breakout. This is my first publishing and I will cover the Luna recovery. The DWS lower threshold is showing a higher bottom. marked by the red line. The hurst indicator is also changing direction.