Taylor1920

Taylor1920

As ive said in past analysis, bitcoin needs a price correction. and we still haven't had one. But today the price has gone up almost $100. As you can see this jump did put the RSI into the overbought zone. And as of right now where it stands the MACD is also showing bearish signs. How far it will drop is probably only down to 5400. but if the bears rally we could...

Taylor1920

As I wrote yesterday I predicted a drop in bitcoin. And last night it did just as I thought it would. But it only dropped $500 (6%) and is no where near the dump we need to start the new bull run. if you look at the 1 day charts bitcoin is barley under the overbought territory in RSI. MACD is also still showing bearish trends with small volume on the one day...

Taylor1920

So yesterday I wrote how bitcoin is going to fall, this is just showing some support lines If you look at Bitcoin on the one day charts we can see the MA 200 providing support at 4570. If bitcoin has a falling candle that closes below the MA 200 then a fall down the the MA 100 is plausible. That line will help provide support at 4200. A fall below the MA 100...

Taylor1920

So I usually put on chart patterns or drawling but today I just wanted to talk about what bitcoin is doing. For weeks I've seen everyone from small traders to people who have been doing this for years say Bitcoin is most likely going to drop down to 4600 or even 4100. The reason for this is history repeats itself. We are months if not weeks away from the next bull...

Taylor1920

Rripple has been dormant recent, just as the other cryptos have been. But looking back in time we can see a consolidation of volume and a crossover of the MA 50 and the MA 100. Before ripples big breakout in December in 2017 the MA had a crossover. Now ripple just did that on April 9. Not only that but ripple also had low volume with the MACD and the price wasn't...

Taylor1920

On April 10, Litecoin started a downtrend that lasted the whole day. then over a three day span Litecoin went sideways, not really showing any movement. On April 14 Litecoin had a spike in volume and hit a resistant point of 84.6. then it came back down to its sideways movement making a double bottom signal. Between volume and RSI it confirms that we have a...

Taylor1920 Updated 

PGR is currently showing a strong bullish trend. Today it jumped up hard and the volume confirms that this isn't about to stop.

Taylor1920

From my last analysis, bitcoin has had a spike from my condensing triangle. it broke out of it with not any sign of slowing down. Now bitcoin looks like it will try to test the overhead resistance of 5440 as it did on April 10. If it doesn't break through then it has a possibility of dropping down the the support line of MA 200. If it breaks that support line then...

Taylor1920 Updated 

Bitcoin has been up and down lately. With nothing showing any definite long or short positions in the 30 minutes, 1 hour, and even 2 hour candles. But when we pull it back to 4 hour candels we can see that bitcoin has started to make a head and shoulder pattern. Starting on April fools days it went up around 660 in 16 hours. Then it went and completed its head on...