ChartAddicts

ChartAddicts

Daily: Bitcoin closed bullish once again but we essentially ended the day where we started it. We could be seeing a slowdown and a possible downside correction coming this week but tomorrow will give us a better understanding of the potentiality of that move. We do not want to be calling market tops so until we actually see some bearish price action it is...

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Daily: Bitcoin has now had seven continuous daily bullish closures as we continue to climb and reach new local highs. Until we start building structure, we could continue to see volatile pushes all the way up towards $50,000. Our new major support level is $45,500 and our next major resistance target is closer to $51,000, though $50,000 is obviously a major...

ChartAddicts

*Our overall trend and position has been spot on since last week* Daily: Bitcoin had a strong bullish closure on the daily and we have finally broken above $45,500. This has been a zone of interest for over a month and the price action we have seen is extremely promising. We have bottomed out for the time being and are now nearing a shift in market sentiment....

ChartAddicts

Daily: Bitcoin continues to push higher. We’ve seen another strong daily closure and have now broken above $43,000. We may see more volatility enter the market if we continue this bullishness. It’s been a strong week and I believe we will see weekly closures at or around our current levels. We may even hit our next major resistance target of $45,500 before the...

ChartAddicts

Daily: Bitcoin closed bullish again and tested $43,000 resistance. We need to see a closure above $43,000 to start looking at potentially reaching our next major resistance level of $45,500. Above this level, we are bullish on higher time frames. We are approaching the end of the week and we may continue to see bullishness towards $45,500 before the end of the...

ChartAddicts

Daily: Bitcoin closed strongly bullish today as expected. CA members capitalized on the liquid move towards $43,000 yesterday. We are building good structure above our major support level of $40,500 and we’ll need to see closures above $43,000 to see more volatile movement. Until then, we will consolidate within this range and may see some slight bearish...

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Daily: Bitcoin closed as a bearish hammer after testing our major support level of $40,500. We should see continued upside pressure from here towards $43,000 and I expect more volatility as we progress through the week. Our next major resistance level is $45,500 and unless we close under $40,500 on the daily that will be my next major target. It was a relatively...

ChartAddicts

Daily: Bitcoin closed bullish and broke above our major wedge consolidation. This is a great sign for Bitcoin and its very likely we will continue higher from these levels. We saw upside moves from pullbacks at around $40,500; our next major resistance target is $45,500. Above that, I will become bullish on higher time frames. It is now Friday and I do...

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Daily: Bitcoin closed as a bearish doji after trading over our major support level of $40,500. This is completely normal as Bitcoin starts to build structure at these levels. Our next resistance target is $45,500 and a bullish U.S. stock market will help push price higher. I expect to see more volatility throughout the weekend and early next week. Any pullbacks...

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Price is shifting up, we cleared areas of interest and now testing as support. If we hold we can see price push further up.

ChartAddicts

Price has broken above resistance and is testing as new support with strong rejection candles. If we hold we are anticipating a further push up.

ChartAddicts

Reading price, we can see the swings are starting to shift in direction. Price has pulled back to a previous area of resistance as support in confluence with a long wick rejection. If price manages to hold above 1.24750, we can anticipate bullish movement to 1.27000. If price breaks, we must reevaluate price action.

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Reading price, we can see EURGBP has shifted up it is evident to see by the new higher highs and higher lows being formed. This shift in momentum has also cleared previous areas of interest and is now retesting as support. Price has reacted in the past and we are anticipating that same reaction to .88300, in confluence with the double bottom formation. If price...

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Reading price action, we can see NZDJPY is testing strong areas of supply. Price is testing the trend line for the third time in confluence with strong areas of interest and wick rejection. If price maintains below this area, we can anticipate shorts down to our target.

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Reading price action, we can see CADCHF is testing a strong area of support in confluence with a huge shift and double bottom at a .72500 key zone. If the price shows signs of rejection we can anticipate longs.

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Reading price action, we can see NZDJPY has created new swing lows in confluence with a double bottom formation at key areas of psychological support. Price has also created a shift back above 76.000. If price breaks below this are of support, we must reevaluate price action.

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Reading price, we can see that GBPCHF has been creating lower highs. the most recent price action has created a strong shift below previous areas of support. this shift in momentum has created a new lower low and lower high with a double top formation in confluence to strong wick rejection. If price can hold below this area, we can anticipate shorts down to 1.25700.

ChartAddicts

Reading price action, we can see that NZDCAD is making higher lows and highs in confluence with the most recent impulse clearing previous areas of resistance and now testing new support with a double bottom rejection. If the price holds and closes like this, we can anticipate the price to reach .88400. However, if the price breaks, we must reevaluate price action.