HiteshMalviya

HiteshMalviya Updated 

Bulls's hopes are back with a break out above 7700$ yesterday, next resistance is at 8100-8300$. Bulls are on high hopes again, which will be shattered soon. Let's look at the 12H Timeframe to understand upcoming price action. 1. Bitcoin is following fractals in the current market, it had followed in the past, will keep doing. The current price action is...

HiteshMalviya

Bitcoin is trading in a clearly defined accumulation range of 6800-7800$ for the last two months. Accumulation before a rally is overall healthy and bullish for bitcoin. On 3D Timeframe, 200MA is acting as strong support, from where price bounced off during the last drop to 6850$. The 7700-7900$ area is acting as a strong resistance level, also acting as the top...

HiteshMalviya

Last week candle closed with a bullish reversal on the weekly timeframe. Bulls are started getting momentum now, but they should face resistance at 7800-7900$ area soon. I think 7800-7900$ should remain resistance for some more time - similar to 4000-4200$ Resistance back in Dec 2018. Bitcoin bottom might be in: Only if the price manages to a higher high and...

HiteshMalviya

Bitcoin started dropping from 7600$ after price rejected at 21MA and dropped afterward. Analysis: Bitcoin bounced from 6428$ after making a new lower low. What to expect next? On the daily timeframe, we can see price is moving inside a large falling wedge, the price can break out from this wedge as long it bounces from wedge support. I think Bitcoin had...

HiteshMalviya

Bitcoin remains Bullish on Monthly Timeframe, let me share why? - Bitcoin's price is trading above 21MA on the Monthly chart - which is bullish. - We can spot a falling wedge formation inside a giant bull pennant structure on a Monthly chart. - I am expecting one more leg down below 6000$ if it drops below 5000$ that would be lovely. Bitcoin needs to hold above...

HiteshMalviya

Bitcoin is still bearish on the Higher time frame and our bearish targets are still on the radar. ON 12H time frame, we can spot a descending triangle formation - which is a bearish formation in nature. Expecting the price to break down from this triangle in the next few candles. Trade Signal: Entries: 7300-7500$ Exit: 5700-6300$ STOP: 7700$

HiteshMalviya Updated 

EURUSD had a really nice breakout yesterday, Last 3D Candle closed green with a high volume after yesterday's breakout. EURUSD also made a Higher LOW on Daily and 3D Timeframe - which is bullish, and a sign of an uptrend. EURUSD is now trading between 21MA and 50MA on 3D Timeframe. 21 MA should act as support for bullish continuation. MACD is also showing a...

HiteshMalviya

Let's keep it simple, as simple as you can understand. Bitcoin is currently flirting with 21MA on the daily timeframe. 21MA is an important moving average to keep track of trend change. New trends are usually started with breakout or breakdown from 21MA on a Higher timeframe. we have seen that in the past, and we will see in the future as well. So one thing is...

HiteshMalviya

Bitcoin is showing bullish sign on Lower time frames but remains Bearish on 3D Timeframe after recent candle close. Looking at the chart, we can clearly see Bitcoin is facing resistance at 100 MA on 3D Timeframe. MACD is still bearish, but sell volume is slowing down - which indicates further sell-off, but bottom is close. Expecting Bitcoin to test support...

HiteshMalviya Updated 

XRP/BTC is facing downtrend after SWELL Event, XRP/BTC is now facing important support trendline on 3D Chart. Price is hanging close to 21 and 50MA Support on 3D, As 3D Candle started today, we could expect more sell-off in the next two days. MACD is also about to crossover on 3D Chart. Trade Signal: Entries: 0.00003090-3290 BTC Exit: 0.00002790-2890...

HiteshMalviya

XRPUSD is trading in a downtrend channel on a Monthly timeframe. XRPUSD rejected monthly resistance at 0.325$ in the Month of October and printed a bearish candle last month. Bitcoin is bearish at this moment and could drop below 6000$ in the coming weeks, Bitcoin dominance could increase during bitcoin drop - which can also initiate a further drop in XRPBTC...

HiteshMalviya

XAUUSD is trading inside a downtrend channel on the weekly timeframe, currently, the price is holding support above 1450$. Falling channel resistance is at 1490$ which should be difficult to break. Moving averages: Gold is trading below 21MA on weekly, 21MA is acting as resistance as of now, next MA Support is at 1385$. MACD: Weekly MACD is bearish and...

HiteshMalviya Updated 

GBPUSD is currently trading inside a bull flag formed on daily time frame, and the price is facing resistance at top of the bull flag channel. MACD is currently bearish and giving bearish continuation indication. As long price trades inside the bull flag, it can break out but before that, I think GBPUSD can test bull flag support. So here is the short...

HiteshMalviya

TRXBTC is holding the uptrend channel support since September, which is a bullish sign. TRXBTC is also holding above 50,100 Daily MA. MACD is about to turn bullish after potential crossover. I am expecting TRXBTC to drop from the current price(0.00000215) and find support above 0.00000201 BTC. Anywhere between 0.00000201-206 will be a good area to LONG...

HiteshMalviya

Historical dates played important roles in predicting future price action in Volatile assets like Bitcoin. Yesterday I was checking the 2017-18 historical chart and found one interesting thing on the chart, which may help us to predict future price action. Bitcoin reached 20,000$ - which was the top of Bull Cycle in the 2nd week of Dec'17. And more interesting...

HiteshMalviya Updated 

Bitcoin is consolidating after a huge breakout in the last week of last month. The overall trading volume and volatility have become low again. Bitcoin is currently trading inside a descending Triangle on 12H timeframe which can initiate the breakdown. There is also a CME GAP to be filled around 8700$. I am expecting Bitcoin to drop 8700$ then bounce to 9250$...

HiteshMalviya Updated 

ETHEREUM Instanbul Hardfork is scheduled to activate on 4th Dec. ETHEREUM had recorded 80% price growth before the last hard fork update in the early year. Expecting something similar price action this time as well. Looking at technicals: - ETHUSD has formed a bull flag on the daily timeframe, the price has also formed a triple bottom at 152.5$. - Golden cross...

HiteshMalviya Updated 

We are just a few months away from next bitcoin halving, which has been a bullish catalyst for Bitcoin in the past. The Crypto community is looking positive about halving, and everyone is expecting a bull run. Let's dig in how bitcoin performed few months last having and using past data points we will try to predict the upcoming price action for bitcoin. The...