dennisdaiber

dennisdaiber

After 10 days of steady growth, bitcoin is now experiencing an anticipated correction, going down 10% from the latest peak at $10500. The EMA ribbon was able to hold the price from falling even further on a daily chart. At the moment of writing, the price is bouncing off the support level of an upward trending channel in which BTC got since the beginning of the...

dennisdaiber

Bitcoin dominance keeps plunging down, reaching 63%, according to Tradingview calculations. We haven’t seen BTC dominance to be so low since July 2019. After 13 consecutive days of red candles, only today we see what might be an attempt for recovery of Bitcoin against altcoins.

dennisdaiber

It has been a great bull run for ether, as it went up 40% this month against bitcoin. As in any parabolic price move, it appears that anticipated correction is taking place, as RSI started to change trajectory and might slide down from the overbought territory.

dennisdaiber

Bitcoin is making its way bouncing between support and resistance within an upwards trending wedge. At the moment of writing it is supported by a 50% Fibonacci Retracement level. BTC remains above EMA Ribbon and Lucid SAR indicators, showing that we are still in a strongly established bull trend. However, in case bitcoin price breaks below the support line, we...

dennisdaiber

Bitcoin continues to set new weekly candles to the upside and at this point the bull trend is pretty obvious. Since the beginning of the year BTC grew over 35% in a gradual manner. The 38% Fibonacci Retarcement indeed served as a support level and it seems like BTC is now heading towards 50%. Another strong indicator in favor of bulls is the fact that we have...

dennisdaiber

Bitcoin continues its bull trend, remaining way above the 200-day moving average. It seems like a 38% Fibonacci Retracements now offers the support as Bitcoin is consolidation at a $9,300-9,400 price range. There is also a possibility that it is a Cup and Handle pattern formed on a daily chart, which gives an optimistic $11,200 target, that lies perfectly within...

dennisdaiber

On January 21, we noted that Lucid SAR indicator made a strong bull signal on a weekly chart and it has since went up 10%. Now, another indicator turned bullish on a weekly time frame, suggesting a further growth: MACD just flipped to the green side. If the bulls continue to prevail, we might see BTC reaching 50% Fibonacci Retracement level at around $10,150. In...

dennisdaiber

It is important to note that on a daily CME futures chart there is a gap, that historically, more often than not gets filled. Which means, it has to go down to $8,540 in order to close this gap, as it usually does.

dennisdaiber

It is important to note that on a daily CME futures chart there is a gap, that historically, more often than not gets filled. Which means, it has to go down to $8,540 in order to close this gap, as it usually does.

dennisdaiber

It is important to note that on a daily CME futures chart there is a gap, that historically, more often than not gets filled. Which means, it has to go down to $8,540 in order to close this gap, as it usually does.

dennisdaiber

Bitcoin broke out of the falling wedge and went up 10%, fulfilling the pattern’s prophecy. Moreover, it has crossed the 200-day moving average and at the moment of writing is at $9,000 price point. Fibonacci Retracement suggests that the closest target is at $9,270, which seems quite possible. This is the level where BTC was trading for days, in the previous bull...

dennisdaiber

Bitcoin broke out of the falling wedge and went up 10%, fulfilling the pattern’s prophecy. Moreover, it has crossed the 200-day moving average and at the moment of writing is at $9,000 price point. Fibonacci Retracement suggests that the closest target is at $9,270, which seems quite possible. This is the level where BTC was trading for days, in the previous bull...

dennisdaiber

On a weekly chart we can see that bitcoin was not only able to close above 20-weekly moving average, but also retest it as a support level and now continues going to the upside. This is a significant bullish signal, because last time BTC broke above the 20-weekly moving average and was able to maintain above it, it went on an over 230% bull run.

dennisdaiber

On a weekly chart we can see that bitcoin was not only able to close above 20-weekly moving average, but also retest it as a support level and now continues going to the upside. This is a significant bullish signal, because last time BTC broke above the 20-weekly moving average and was able to maintain above it, it went on an over 230% bull run.

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Following the bitcoin, ether is down almost 12%, after the latest peak at $178. It seems like ETH is approaching the 20-day moving average, where it might get the support. However, there is also a very strong bearish divergence on a daily RSI, that might drive the price further down.

dennisdaiber

After getting rejected at the key resistance level, bitcoin price down 9% in the past week. The rising wedge pattern suggests the target at around $7,700. There is also a very clear bearish divergence on a daily RSI. At the moment of writing Bitcoin is supported by a weekly moving average and 20-day moving average. Bitcoing is reaching 23.6% Fibonacci Retracement...

dennisdaiber

Ether is consolidating above the weekly moving average and it seems like it might try to reach $180 price level again, before it tops out. This is also where the most volume on VPVR indicator kicks in. However, the further ETH price action will strongly depend on bitcoin behaviour, as it still closely mimics the pattern.

dennisdaiber

On a weekly time frame, MACD indicator is still in the red, but seems like it is about to flip. Moreover, Lucid SAR has already turned bullish, indicating an entry point