cryptoTradingAnalytics

cryptoTradingAnalytics Updated 

- The yesterday daily candlestick formed a Dragonfly Doji which usually indicates the bottom of downtrends and a trend reversal. - We can see that we touched also the low from 21th september (39600$). - The momentum indicate a bullish divergence and a buy signal (green dot). - Yesterday Crypto Fear & Greed Index reached a low of 10. Not seen since 21th july. - We...

cryptoTradingAnalytics

On chain data remain bullish as big players continue to accumulate bitcoin. Previous Wyckoff pattern analyse failed because of short term looking. This should be focused on a weekly chart where we can see a formation of an ascending triangle. We touched it bottom trend line and should bounce.

cryptoTradingAnalytics

We had a breakout of the descending channel next to the 49k key level, after that we tested this trend line but the bounce is weak and still in consolidation phase. The on chain data are still looking bullish and there is no any strong signs of looking to exit the market. We can see that we have a big support at 45500$ / 45700$ which was tested almost 8 times...

cryptoTradingAnalytics Updated 

- Bitcoin CME futures closed friday at 45800$. Usually the price tend to fill the gap after sunday opening (80% accuracy). - on futures settlement day the price usually drops around 2% (next 3 January). - two bearish patterns forming: double top, head & shoulders We should break down the 46800$ price level to confirm these patterns. The first target is at...

cryptoTradingAnalytics

Following my idea of bitcoin Wyckoff accumulation, after the TEST phase, we broke the yellow trend line of the descending channel around 47900$ to test the 49500$ resistance and bounced from the Last Point of Support (LPS) around 48000$. Actually we are in the Sign Of Strength phase (SOS) which serves as confirmation that the price is likely to keep moving up and...

cryptoTradingAnalytics Updated 

- Bitcoin dominance bounced 3 times from the big 40% support and ready to break the trend line of descending channel to reach the trend line of the descending triangle - Altcoin season index showing that we are approaching bitcoin season (www.blockchaincenter.net) - Regarding my other analyse, bitcoin seems to be ready for a new bull run

cryptoTradingAnalytics Updated 

Whales and institutions change the whole scenario by using trader behaviours and they know everything better than us. It’s been a brutal couple of weeks for the crypto market. Everything from Bitcoin to shitcoin has shed billions of dollars leading to a 38% crash across the board. The worst part is that every time it looks like the crypto market is recovering...

cryptoTradingAnalytics Updated 

We are actually in a phase of consolidation / accumulation forming a descending triangle which is usually bearish but on chain data provide us a strong HODL indication. * LTH spending is very gradual & minimal, not giving any strong signs of looking to exit the market. * The long liquidations cascade has caused a decrease in positive funding rates which is...

cryptoTradingAnalytics Updated 

We have seen a breakout of the handle’s resistance and actually retesting it as a support. We are also near the ascending channel support line and the 100 moving average around 2.40T. Following the cup & handle pattern, the minimum price target should be around 3.75T. If we don't have a black swan at the critical moment and the inflation continue to raise we are...

cryptoTradingAnalytics

Still far away to confirm this pattern, the price must closes above the highest peak (69k$), but I see some good signs: - Bullish divergence on momentum and RSI - Actually many FUD on crypto and "extreme fear" on fear and greed index - Crypto become more and more accepted around the world and have no way back - Bitcoin current halving has still not reached its...

cryptoTradingAnalytics Updated 

According to head and shoulders pattern the target should be around 54k-55k next to 50 moving average. This should be a good area to go long. I believe that we will reach at least 100k$ in December, thanks to inflation.

cryptoTradingAnalytics

I see a potential long therm head & shoulders pattern with a right shoulder top by mid January around 60k$, a break of the neckline by February and a target at 30k$ reached in march or later. Money flow is decreasing from march 2021 and entered red zone by mid November. Global economy seems to struggle and politics are looking for a black swan. Evergrande default...

cryptoTradingAnalytics

We can see an ascending channel of which bitcoin price reached actually the higher low and ready to break the trend line resistance of local descending channel. Following the Chinese Ching Chong pattern, we should reach 100k$ at the end of December / beginning of January. - Plan B bitcoin stock to flow model on track towards $100K...

cryptoTradingAnalytics Updated 

- RSI is in oversold area and we have a divergence. - Double bottom formed. - TP1: 1.17$, TP2: 1.18$, SL: 1.15$

cryptoTradingAnalytics Updated 

Like Bitcoin, Ethereum bounces several times from long term support trend line and can be considered as a bottom. The Stoch RSI is oversold. It gives us new long position opportunities. Previous ETHUSD short position was closed with success. TP1: 3100$ TP2: 3800-4000$ TP3: 5000$ Stop loss: 1800$ Have fun!

cryptoTradingAnalytics Updated 

Bitcoin broke big resistance of 52900$ and fuelled by stop losses reached 55555$. We should have a re-test of 52900$ to make it new support and grow higher, If not, we will test 48k$ as support. We are in an ascending channel and next targets are near resistances around 60k$ and 65k$.

cryptoTradingAnalytics Updated 

Bitcoin bounced several times from long term support trend line and can be used as local bottom to new long positions. There is several bullish signals like Stoch RSI leaving the 0-20 oversold area, broking local downtrend line, ... TP1: between 55k & 60k TP2: previous ATH at 64k TP3: 100k Stop loss: 30k

cryptoTradingAnalytics Updated 

Bitcoin reached 50k$ psychological price and has tested upward resistance line and could not brake it. The volumes are subsiding. RSI show us a divergence. I see a drop till support line around 44500$ (fib 61.8%).