UnknownUnicorn22694773

UnknownUnicorn22694773

Time for a bullish reversal - or bearish retest? Whether temporary or otherwise, Bitcoin looks to be putting in a floor around USD 56K. Analysis of recent price action adds more substance to the argument - that this is a double bottom... Q depicts a technical interpretation on the H4 BTC/USD chart below. Bitcoin, BTC/USD - 4 Hour (H4) This bounce could very...

UnknownUnicorn22694773

Time for a bullish reversal - or bearish retest? Whether temporary or otherwise, Bitcoin looks to be putting in a floor around USD 56K. Analysis of recent price action adds more substance to the argument - that this is a double bottom... Q depicts a technical interpretation on the H4 BTC/USD chart below. Bitcoin, BTC/USD - 4 Hour (H4) This bounce could very...

UnknownUnicorn22694773

Time for a bullish reversal - or bearish retest? Whether temporary or otherwise, Bitcoin looks to be putting in a floor around USD 56K. Analysis of recent price action adds more substance to the argument - that this is a double bottom... Q depicts a technical interpretation on the H4 BTC/USD chart below. Bitcoin, BTC/USD - 4 Hour (H4) This bounce could very...

UnknownUnicorn22694773

Plenty of fish in the sea... just not in Bitcoin right now Give a man a fish, and he eats for one day. Teach a man how to trade? Perhaps, he'll eat for one day... or a lifetime. There is much that aspiring traders can seek to learn from the Master Angler dedicated to his craft which extends beyond the generic metaphors of patience. Q ponders the speculator...

UnknownUnicorn22694773

Bears clinch price action as dejected Buyers face TKO Bitcoin continues carving away at the support block around USD 41K. In last night's report, Q identifies a possible technical knockout to bulls should they falter in blocking price action from dodging below the 0.5 fib zone. Bitcoin, BTC/USD - Daily (D1) Waves whittle down a cliff face through constant...

UnknownUnicorn22694773

Bitcoin remains in consolidation within a symmetrical pennant following a rather ordinary and tranquil weekend. As a result, the inherent lack of supportive volume has led to further price decay as the BTC/USD pair tried to 'fake out' - or false breakout - before collapsing back inside the pennant. Bitcoin, BTC/USD - 4 Hour (H4) Consequently, this rejection...

UnknownUnicorn22694773

Bullish price action on Litecoin, Bitcoin - a further break upside imminent? The wait is on as Bitcoin consolidates at USD 51K - under the .618 fib retracement resistance. Price action continues to experience bullish pullbacks making higher lows with each successive advance. Bitcoin, BTC/USD - Daily (D1) Recent editions of the Technical Outlook explore the...

UnknownUnicorn22694773

Buyers kick into gear as Bitcoin consolidates at retracement zone Bulls spring to life with the optimistic sideways consolidation presenting some excellent dip-buying opportunities. Meanwhile, the 0.5 fib retracement zone at USD 46.8K continues to hold. Sustaining both the D1 20 EMA (GREEN) and D1 200 MA (BLUE) adds bullish confluence to the zone - while the...

UnknownUnicorn22694773

Buyers kick into gear as Bitcoin consolidates at retracement zone Bulls spring to life with the optimistic sideways consolidation presenting some excellent dip-buying opportunities. Meanwhile, the 0.5 fib retracement zone at USD 46.8K continues to hold. Sustaining both the D1 20 EMA (GREEN) and D1 200 MA (BLUE) adds bullish confluence to the zone - while the...

UnknownUnicorn22694773

Buyers kick into gear as Bitcoin consolidates at retracement zone Bulls spring to life with the optimistic sideways consolidation presenting some excellent dip-buying opportunities. Meanwhile, the 0.5 fib retracement zone at USD 46.8K continues to hold. Sustaining both the D1 20 EMA (GREEN) and D1 200 MA (BLUE) adds bullish confluence to the zone - while the...

UnknownUnicorn22694773

Buyers kick into gear as Bitcoin consolidates at retracement zone Bulls spring to life with the optimistic sideways consolidation presenting some excellent dip-buying opportunities. Meanwhile, the 0.5 fib retracement zone at USD 46.8K continues to hold. Sustaining both the D1 20 EMA (GREEN) and D1 200 MA (BLUE) adds bullish confluence to the zone - while the...

UnknownUnicorn22694773

Bitcoin hits USD 50K elegantly following a bullish break in the flag discussed during last nights live trading session. Bitcoin, BTC/USD - 4 Hour (H4) USD 50K is bound to pose some ‘psychological resistance’ on speculators. However, what matters to the technician is how the BTC/USD trading pair behaves when it touches the .618 fib retracement zone that...

UnknownUnicorn22694773

Bitcoin surges to USD 49.3K following a successful 'resistance to support' flip of the 0.5 fib retracement level at USD 46.8K. Bitcoin, BTC/USD - Daily (D1) The next major resistance zone for the BTC/USD trading pair is the .618 fib retracement level at USD 51K. Watch out for a plausible run to USD 55K should buyers succeed in dictating the price reaction at...

UnknownUnicorn22694773

Price-action drawing lines, Bitcoin continues consolidation Bitcoin consolidates at USD 45K around the D1 200 MA (BLUE). For bulls to guard recently captured territory, tomorrow’s daily close must remain above USD 46K. Bitcoin, BTC/USD - Daily (D1) Note this micro observation - most recent bullish consolidations have lasted 3-4 days, starting from the...

UnknownUnicorn22694773

Price-action drawing lines, Bitcoin continues consolidation Bitcoin consolidates at USD 45K around the D1 200 MA (BLUE). For bulls to guard recently captured territory, tomorrow’s daily close must remain above USD 46K. Bitcoin, BTC/USD - Daily (D1) Note this micro observation - most recent bullish consolidations have lasted 3-4 days, starting from the...

UnknownUnicorn22694773

Technical Outlook, Weekend Special featuring the 'Golden Ratio' Bitcoin now crosses into the 'liquidity zone'. Two macro .618 fib retracement pivots highlight a USD 3K range between USD 48K and USD 51K. Bitcoin, BTC/USD - Daily (D1) Q's Major Technical Principle - The 'Golden Ratio' What is the Golden Ratio? .618 The 'Golden Ratio' is commonly referred to...

UnknownUnicorn22694773

Technical Outlook, Weekend Special featuring the 'Golden Ratio' Bitcoin now crosses into the 'liquidity zone'. Two macro .618 fib retracement pivots highlight a USD 3K range between USD 48K and USD 51K. Bitcoin, BTC/USD - Daily (D1) Q's Major Technical Principle - The 'Golden Ratio' What is the Golden Ratio? .618 The 'Golden Ratio' is commonly referred to...

UnknownUnicorn22694773

Bitcoin flips the D1 200 MA (BLUE) into support after a re-test this morning, subsequent close above USD 45K The BTC/USD trading pair continues re-testing each previous high after breaking above to confirm it has defected to support. Qluster analysts have mapped the staircase-like market structure below using the D1 BTC/USD chart. Bitcoin, BTC/USD - Daily (D1)...