olleyy

olleyy

Bitcoin made a very nice move up from its current local low at $9860, and recently powered its way through the 4H 200 MA. Not too long afterwards, it fell back below it and closed a candle underneath. This 4H candle tried to rally back up above the 200, but so far has had no luck. If the 4H cannot regain this MA ($10768) I would expect at least more...

olleyy

On the 4h and lower, it is obvious that after the 9860 bounce BTC started forming a bearish flag pattern. There was a bear flag that started beforehand as well, and that put us down to 9860, so this time it seems very possible for it do the same thing.

olleyy

BTC has been in a descending broadening wedge for a little while now, and has tested the top side of it more than 5 times, and the bottom twice. This is a bullish pattern obviously, and now BTC is almost about to confirm a close above of it. BTC is most likely going to hit a measure move of at least $12000, but there needs to be a confirmed 2H candle close above...

olleyy

For about 2 days now, BTC has basically only been going up. But after each large push in price there is a consolidation that forms bull flags on most occasions. After a move from $12500 to $12900, BTC is forming a sort of bull flag or accumulation pattern. If this is true we may see higher prices coming shortly. I still have targets at $13450-13600 as that is...

olleyy Updated 

Not too long ago I posted some analysis' where I said there would be upside towards 13k and possibly 14k, but only after some pausing at 12500ish price. This is pretty much what is happening now. BTC is currently at $12900ish and has paused again due to some resistance of prior 2018 levels from 12475-12986. This is obvious on the 4H candle close where it opened...

olleyy

BTC is looking very constructive after its rally to almost 14k. It is currently forming a bullish pattern, either a pennant or a flag and this if broken to the upside can mean a possible test of the prior highs or a break above it. I will be using 12475 as a strong level to judge whether to go more long, as BTC could just break out of the trend line and hit...

olleyy

I noticed a few days ago that BTC was in a falling wedge noticeable on 4H chart. This is considered a bullish pattern, and normally once it breaks out there is a retest of the wedge top trend line, and this is exactly what it is looking like. Once 11500 broke that was a clear sign for his drop to test the wedge. - But remember that not everything looks 100%...

olleyy

After a massive bull run to 13850 Bitcoin looks like it needs to consolidate. - The 4H, 12H, 1D, 2D, 3D and Weekly stochs are all curling downwards. This would imply some more continuation sideways to down. Because of the higher time frames like the 12H, Daily and Weekly looking tired, I give them more weight for getting the general trend of BTC. After a huge...

olleyy

Etherium is looking quite bullish on higher time frames like the weekly, and is likely to reach $370-410 in the coming weeks. The Fib Retracement from the 2018 January highs to the 2018 December lows places the 0.236 right at the price range outlined above. The stoch is getting high though, so if it reaches that price region I would be expecting some more...

olleyy Updated 

Bitcoin has recently formed another bullish pattern, this time a triangle. The point of the triangle is on 26th June, normally price action will break a triangle when it's 70%-85% full, which would imply it to either break to the upside or fall below it in the next 24 hours. BTC is right in the middle of the triangle right now, but 1H stochs have just...

olleyy Updated 

Litecoin is in a very critical area at the moment, currently at 135.15. The pennant has been formed from earlier this month, and it is a Bullish pattern. But if the price line is broken, and a 2H or 4H candle opens and closes below it, then the LTC is going to go further down. LTC is resilient though and might hold the price and work it's way higher. But time...

olleyy Updated 

Bitcoin is in an obvious rising channel. You can see resistance at the top line, and support along the bottom. But the heart-line is also an important area of both support and resistance. Currently BTC is situated above it (coming in right around 10300) , so if that area does break, it will likely result to further downside to low 8000's - 9000ish area. On...

olleyy

Etherium had a nice rally up to around $320, but now it is looking like it has run out of positive momentum. The 4h, 8h, 12h, and 1D stochs are all sloping downwards aggressively. This would suggest a little bit more downside to come. My target range is around $273-285, where the 21 Yellow EMA and 10 Red Simple MA are situated on the daily and also the 21 on...

olleyy

BTC just hit 11200-11400 on pretty much all exchanges, and had strong selling pressure as expected. It is healthy for Bitcoin to pull back and find support anywhere above 10000, but if that area breaks then there will be another discussion... The 4H yellow 21EMA is coming in right around 10000, so that area is crucial. BTC needed to cool off and let all the...

olleyy Updated 

While there is a slight pullback at the moment, there is going to most likely be a confirmed bullish golden cross on the 10MA and the 21EMA. TSLA looking bullish more long term.

olleyy

BTC looks like it wants to test 8900-8930 area as it broke the ascending triangle (better seen on the 1H chart). If BTC breaks below 8900, the CME gap at 8500 level would be a strong area of interest, and with a likely bounce. - The stochs on 1H, 4H and 12H looking weak so a slight pullback is likely. The higher time frames still suggest upside and don't...

olleyy Updated 

Just want to point out that the 4h, 12h & 1D charts are showing a bit of weakness. - Momentum oscillators are sloping and weakening - Candles are potentially closing below previous candles I have my targets between $9600-10000 , but the momentum oscillators are getting very high and are starting to weaken, so my view is that there will be a little more...

olleyy

I posted a more in-depth analysis yesterday where I outlined the main indicators and reasons for BTC's most likely outcome which was a rejection of the resistance zone ($5680 area). Now, the indicators on the 1D, 12hour, 8hour and even 4hour (not very important) are all pointing for a downward trend from the current price at ($5437). The Stochs and the RSI both...