danielfitch
COINBASE:NKNUSD is currently stuck in a falling channel since reaching recent highs of ~$0.8. Will only resume buying upon confirmation of channel breakout, otherwise, breakdown to the lower channel support line may be possible.
Bitcoin is testing the support in the lower 40k region. If successful this may mean a breakout from the falling channel.
Bitcoin is currently in a falling channel, set by the current downtrend on the 1D chart, and based on the support and resistance trendlines. A breakout is necessary to resume bullish momentum.
Since February COINBASE:NKNUSD has made higher lows. Recently the crypto has been making higher highs. Expect a bullish continuation.
NYSE:GME MACD has just performed a bearish crossover, signaling some downside in the near-term. If history repeats itself (and it doesn't have to) the stock will bounce back after dropping down to the lower >$100 region.
On the 1D chart COINBASE:BTCUSD appears open to another sell-off, with a short-term rejection of the $60k psychological barrier. Once the MACD crosses the signal on the way down, sellers will drop more shares, leading to more sell-offs in the altcoin market as well. Once a bottom is reached, BTCUSD will continue its uptrend, as it is currently in long-term...
COINBASE:BTCUSD MACD is going to cross the signal line in the next few hours/days. Once it does, the price will increase dramatically, pulling with it the prices of Ether and altcoins.
A potential head and shoulders pattern will form in the next 1-2 months for $BTCUSD, leading to a target price range below $40k. Potential for downside to <$30k if this prediction comes true. COINBASE:BTCUSD
COINBASE:BTCUSD $BTCUSD looks oversold on the short-term. Double cross of the MACD vs. signal in the last week may signal rejection of the current price level and may lead to further downside. I'd set my buys <$40k as that looks to be the last area of resistance.
Based on the support over the last few years in the $30 region, I would hold off on buying until the price level drops <$30. NYSE:PFE
Bitcoin's price action has slowed, and the volume upticks have been during price declines. The RSI/MACD on the 1Y chart shows a potential retrace of the path from $20,000, ultimately springing back into action. I would hold off on buying more $BTCUSD until another major decline in price. All the altcoins will be dragged alongside, and will offer great buying...
COINBASE:BTCUSD
Based on the last bull cycle, it seems that BTCUSD will end up eventually retracing all of the gains back down to $20k, consolidating, and then continuing the next bull run. I would consider this a buy in the lower $20-25k price range.