Yes, I know. There's no perfect indicator that's 100% right, but how about 4 of them all pointing to the same thing? It gives you a little bit more confidence right? So many of my long-term indicators all show that $17K was the bottom. This is what made me confident to switch bullish in at the dip below $19K. Look for the yellow arrows - BTC bounced off the...
Though no one knows for sure, here's some good insight. As we approach the monthly close. Volume really tells a story. We still have a relatively low volume on the close. Bottoms tend to have a reversal candle accompanied by an extremely high volume. No signs of that yet. I'm looking at a $14K minimum before I start being bullish. Could even wick below towards $10K.
BTC is forming a bearish symmetrical triangle on the 4H chart. It's at its last wave before the breakout below. Keep a close eye.
Simple technical analysis on how to identify whether we are in a bull or bear market using the 200 daily SMA.
COINBASE:LINKUSD I see a break of $9 by tomorrow or Monday. This has done many ascending triangles in the past and hasn't failed yet. What you think?
Short analysis: - Daily chart forming a diamond shape pattern - declining volume - Daily 20 MA going to cross by end of month below the 50 MA - Bitcoin is looking bearish short term (not close to resistance)
This confirms the the reversal. In my opinion this will drop to 5k-6k area. That will be the ideal buying zone. Set your alerts!
Here's my analysis. In my opinion, we will still see mid to low 2s first. Let me know what you think.
My analysis: - RSI has a pattern on the 4H chart. - LINK is still trading inside the channel and not below the red line - There's still a possibility to get above $4.00 target $4.20 - No clear signs of HIGH VOLUME sell offs yet - I think it still has room to go up closer to the ATH. My concern is bitcoin on the weekly chart is at it's MAJOR resistance area. It...
Just a basic analysis - if Bitcoin close some candles above the 20 moving average, could be a indicator of a bull market.
I see a continuation on the update. LINK is forming a bullish ascending triangle.
Broke the trend line support. I'll be a buyer at 1.86 again.
PT 2.60 - Long to 3.90 if it breaks above 2.77.