XForceGlobal

XForceGlobal Wizard

Bitcoin has once again bounced off the channel and made a new wick for the 4 hour time frame. Here is a current situational update for Bitcoin and we are currently witnessing Bitcoin pinballing between the .382 fib and the 200 Moving Average (MA). We believe that another move down would in fact be healthy, to at least the .618 fib level retracement at...

XForceGlobal Wizard

Bitcoin has rallied over 40%, and with that in mind, the market sentiment has turned extremely bullish . While that may be true, we should know by now that markets also do not move in straight lines. We must now remove all emotions from the market and focus back on the technicals, short term, mid term, and long term. Here, we will focus on the long term analysis,...

XForceGlobal Wizard Updated 

Bitcoin has rallied over 40%, and with that in mind, the market sentiment has turned extremely bullish. While that may be true, we should know by now that markets also do not move in straight lines. We must now remove all emotions from the market and focus back on the technicals, short term, mid term, and long term. Here, we will focus on the short term (1...

XForceGlobal Wizard

X FORCE CRYPTO ANALYSIS: Just a few weeks ago, it seemed as though we were in a bear market, unable to recover, only to witness an insane bullish breakout, changing the trend once again. In this analysis, we will take a look at the bullish and bearish scenarios that could potentially play out from the current situation. Bullish Evidence - We can draw...

XForceGlobal Wizard

X FORCE CRYPTO ANALYSIS: We are currently seeing a correction after a run from 3k to 13k. Although we we are still in a bullish rally from a long term perspective, there is potential for further downwards correction. Let's take a look at the current situation, then see the ultimate fate of Bitcoin: Analysis - We have seen a textbook Elliott Impulse Wave...

XForceGlobal Wizard

X FORCE CRYPTO ANALYSIS People are getting excited about XRP's potential mini bull run, as the Swell Conference is expected to act as a fundamental stimulant, driving XRP's price upwards. The X Force, however, is skeptical of such argument. Let's take a look at the technicals to assess XRP's situation. The chart on the left is the XRPUSD chart, the one on the...

XForceGlobal Wizard

Hello bears and bulls. For this analysis, we will filter out all short term analysis and look at the bigger picture. We would like to focus on an interesting outlook via the log chart, dating all the way back to 2012. We are currently in a channel that is technically bullish; however, that doesn't mean a correction is not on its way. We have already hurdled over...

XForceGlobal Wizard

X FORCE CRYPTO ANALYSIS: We have been trading in a choppy sideways range for the past few weeks. Due to lack of volatility, we are seeing volume dry out, leading to no significant momentum and strength supports during small breakouts. We are currently trading within a descending channel, and we would like to take this opportunity to discuss the potential...

XForceGlobal Wizard

X FORCE CRYPTO ANALYSIS: We are currently trading sideways within strong support and resistance zones, with half of the market long, and the other market short. Let's take a look at both the bullish and bearish arguments. Bullish Scenario - We are seeing a reverse head and shoulders pattern play out on the hourly, currently looking to potentially complete...

XForceGlobal Wizard

This is the 4 hour chart for XBT. We have seen bitcoin trade within a long term channel marked by the orange trendlines, and channels within the bigger channel. We have seen a head and shoulders formation, with RSI decreasing and a potential deadcross on the MACD. Even zoomed out on the weekly, there seems to be a lot of room for us to correct back down after a...