Hello guys,
Today calmness is continue spreading all over the market, maybe everyone are getting prepared for the next move. Still I don't think this is going to last for a lot longer, volatility is around the corner. As we can see on the 1h chart a triangle is formed, this type of triangle usually breaks up and not down when it's keep pushing the upper flat...
Hello crypto guys and girls!!
Bitcoin movement got interesting today or better say got even more interesting today. Let's take a look what happened, both yesterday at 16/6 and today at 9400$ got rejected. It got rejected although this time the resistance level of breaking the 9000$ and 9450$ where it lays the 38% fibonacci level should be significantly weaker as...
Hello crypto traders it's time for cryptohora's view of trading.
As we can see on the chart btc price is into a descending triangle, Both from 30th of May and even more clearly since 3rd of June. Let's see what are the key points of this timeframe. If we take a closer look from May 30th to June 3rd price was at the same time inside the ascending wedge where...
Hello guys I hope you had a great weekend,
Let's see the latest price movement of btc and what assumption we can make from it.
The triangle that is formed in the daily chart shows us that the price of btc appear signs of exhaustion. After the big green candles price is moving more parallel to the lower line than testing the upper line of the triangle. In fact we...
Let's see a fresh idea how the market of BTCUSD may move from here for the bullish and the bearish scenario.
The chart I am using for this occasion is 1D where we can watch a triangle pattern forming and closing up to it's pick at 9500$. The picks of triangles (almost) :) never are tested instead it breaks earlier either way. So my first assumption is that this...
Hello there,
Today we see a formation of a new triangle at the 4h chart. It is neither an ascending nor a descending one and the price currently moves slightly under the middle of the triangle. In about 8h hours tops we will reach pointing at least 80% of the triangles length where it is most possible a breakout above or below the lines occure. Which way it will...
