jaffcoins

jaffcoins

Bitcoin has created a double bottom bullish pattern near 41700 support line and looks bullish for the short-term. It is now trading near the local resistance line (42600) and trying to break that line to go toward 43800 as its first target from here. BTC may bounce from that local resistance line and move back and forth between that line and the support line...

jaffcoins

After BTC tested the resistance area near 45500, time has come to start price correction and retesting the support areas already created (44000, 43200, and 42500). As I specified, Bitcoin created a bearish Head and Shoulders pattern which was indicating price will move down shortly after testing 455500 resistance area . As we can notice, BTC price first went down...

jaffcoins

After BTC tested the resistance area near 45500, time has come to start price correction and retesting the support areas already created (45500, 43800, and 42500). As I specified, Bitcoin created a bearish Head and Shoulders pattern which was indicating price will move down shortly after testing 455500 resistance area. As we can notice, BTC price first went down...

jaffcoins

After a good bullish rally, Bitcoin could hit 45500 target, however soon after reaching that resistance area, it faced with increasing selloff pressure and the bulls could not push the price higher. As you can see Bitcoin may create a bearish Head and Shoulders Pattern which may temporarily raise the price to around 44500 before it falls downward. Therefore, it is...

jaffcoins

Bitcoin Technical Analysis Update: After BTC retested the local support area (near 36200) and entered the demand zone , the buying pressure started to push the price upward toward the local resistance line (37500) which bulls could eventually break it where the bullish rally started until it reached the major resistance area (40500 - 42000)

jaffcoins

Bitcoin Technical Analysis Update: After BTC retested the local support area (near 36200) and entered the demand zone, the buying pressure started to push the price upward toward the local resistance line (37500) which bulls could eventually break it where the bullish rally started until it reached the major resistance area (40500 - 42000)

jaffcoins

When Bitcoin price was getting closer to the major resistance area (39500 - 41K) we already warned you 3 times that sell-off pressure could spike which can cause further price dump. Soon after our warning, BTC started to dump and fall in price, it has first broken out from the Bearish Flag pattern it created on the daily timeframe and moved downward toward the...

jaffcoins

After a massive selloff in crypto market, Bitcoin has lost around 22% of its value in this week and has broken two important support levels (40K and 37-38K) and now trading at a local support near 35K. Bitcoin needs to hold 35K support line, otherwise further dump can push Bitcoin down toward the major support area (around 30-31K) for now. The bulls trying to push...

jaffcoins

After a massive selloff in crypto market, Bitcoin has lost around 22% of its value and has broken two important support levels (40K and 37-38K) and now trading at a local support near 35K. Bitcoin needs to hold 35K support line, otherwise further dump can push Bitcoin down toward the major support area (around 30-31K) for now. The bulls trying to push Bitcoin...

jaffcoins

After a massive selloff in crypto market, Bitcoin has lost around 22% of its value and has broken two important support levels (40K and 37-38K) and now trading at a local support near 35K. Bitcoin needs to hold 35K support line, otherwise further dump can push Bitcoin down toward the major support area (around 30-31K) for now. The bulls trying to push Bitcoin...

jaffcoins

Bitcoin has completed the Head & Shoulders pattern which we specified about a month ago and retested the major support area (40500 - 41000). Bitcoin is now holding the neckline of the pattern and trading above the major support area. Bitcoin should hold that major area, or we will see more downward price movement toward the next support area (48000 - 48200). For...

jaffcoins

Bitcoin have had a terrible week and its price tanked all the way from around 48K to 40600. BTC is currently around 42K. BTC is now trying to retest the local resistance area and its first target is 43200. If it can successfully achieve its first target, it will then move toward its 2nd target which is around 44800-45K as we specified in this chart.