Detective_Conan

Detective_Conan Updated 

If we can make this bounce and confirm Daily support with another green candle, could be entering wave 3. Only in a perfect world would MATIC follow such a path. There was a bullish divergence on the 1HR chart. Had a nice bounce once it met with support of the descending wedge. MATIC is still very bullish, don't let the down price action fool you!

Detective_Conan Updated 

Looks like BTC is making an attempt to get out of its short term downtrend inside its wedge. We have a death cross on our 4HR chart and STOCH indicator showing downside action imminent. To get back into uptrend it needs to break 8100 resistance and then 100 SMA (orange line) resistance and get back up to 8400 levels for support. So until it does that, I don't...

Detective_Conan

A break and close above 12 EMA(yellow line) could signal a reversal. Blue dotted trend line holds as support. Another leg down still possible but trendline has been holding strong. I predict prices to test 26 EMA (purple line) then 50 SMA weekly(green line) in the distant future. Still alot of people skeptical about the state of BTC so there's low volume....

Detective_Conan Updated 

MATIC is looking like an ugly sandworm from Beetlejuice on our 4hr chart. I think MATIC will go up to test resistance again before falling to test the support of the descending wedge which sits right on top of 200 sat. Reason being is that I don't see strong support at 230-220 and resistance of the wedge has been really strong. Volume is really unimpressive at...

Detective_Conan Updated 

We recently made our 4th Monthly green close. Where will this month take us?!?! BTC has been killing all expectations, when people have been calling shorts since 6k. As much as we all like to think we know BTC like our best friend, we don't. BTC has been recovering after every aggressive selloff. The market absorbed the Binance hack, the Tether Controversy and...

Detective_Conan

BTC faced quite a rejection at 9100 sending prices down to as low as 7900 but it is not without a fight back from the bulls! Bulls are defending the 8k territory. VP suggests BTC to have been building alot of support at 8k over the last 2 weeks. HOWEVER if that support fails, then we can see blood among our streets. Below 8k we have our 26 EMA in purple for our...

Detective_Conan Updated 

MATIC!!!!! We love YOU! Most of us are wondering if we can make a reversal from this point forward. And we do indeed have some evidence that it can on our 4HR chart. We have our 200 SMA as strong support and got a nice bounce to the upside. Broke our of triangle and 12 EMA(Yellow line). Are we making a reversal or will Bears take back control? Target 1) 300...

Detective_Conan Updated 

Almost breaking out of our blue dotted trend line from our correction. MATIC looks like it's bouncing off the 50 SMA and also where our trendline from our swing lows on our 4hr chart. RSI is neutral for the 4hr chart, but on the 1HR we can see a RSI divergence. Just need some more volume to push through. 26 EMA acting as resistance now, it didnt reject it just...

Detective_Conan

From our previous analyst, I predicted that we would be trading within a range of 7500-8200 and BTC is playing perfectly within our range! We got a bounce up from our inside bar range support at 7500 yesterday that confirmed support which is great. BTC still holding within our range as we met with our resistance at 8200. Not only that but our Ascending Triangle is...

Detective_Conan Updated 

On the Daily we can see an ascending wedge with 8300 as resistance. A double top has formed and also a bearish inside bar which would otherwise indicate a bearish market, but prices have been consolidating between 8200 and 7500. So far bears have not been able to successfully bring BTC down below 7k even after 2 very strong attempts. The bulls have been on the...

Detective_Conan

Welcome to an update on BTC analysis! Here we are on the 1D chart where we can see the price action still holding within an ascending triangle with the 12(yellow)/26(purple) EMA still holding upwards momentum where a nice bounce had happened right on the 12EMA. We do however see a very clear Bearish divergence on the RSI and Volume which could be showing that...

Detective_Conan Updated 

Aight guys got some signals that it might go down even more. We got a bearish cross on the 12/26 EMA on the 4HR chart. Will the 50 SMA act as resistance or will the market come up to retest as support? Will have to wait till 4am for candle to close and confirm. Could the B wave be forming in an ABC correction wave? If so I predict, it can go up to restest...