The price has formed a bullish channel after breaking the previous bullish channel, there is a chance for history to repeat itself. The price has started to make its way towards the support level of this channel, if the price is able to break below the support we could see some major drops in the value of this pair
Definitely reacts to the news, good or bad but, definitely reactive! So we have 2 harmonic set ups, a bat and a butterfly both bullish. The move off of the first set up, the bat, was 562 points into the butterfly. The butterfly looks as if we'll move into a nice bullish channel into and the price levels to look out for 20.04 as a level to consider as support...
is completing the retrace and is ready to retest the upper border of the ascending channel, 4150 in Bitmex.
All the ribbons turned Green (Bull context) after yesterday's pullback.
MACD-1H in Bull Zone
RSI-30m has higher bottom
Compared to Mar 18, similar scenario may repeat
Since it is on the 30%...
Dear trading enthousiast,
The are quite some people expecting BTC to quickly return to the (sub-)4K price range.
Actually, because of that, the opposite seems more likely to me.
I think we are currently in an asecending channel. Although the MACD is about to cross bearish on the daily, I expect an impulse to $5800 before we really start correction wave 4, as I...
So beginning with fundamentals, this is going to be an interesting pair to watch this week with the OPEC Meetings as well as the crude oil inventories on Wednesday. The discussion on oil being the most volatile topic as the OPEC represents 40% of the worlds oil supply alongside other news events such as FOMC talk and various other data releases.
Doing bit of...
Looking at the fundamentals this week, we have the CPI data as well as the Core CPI data being released on Wednesday with positive forecasts as well as the FOMC Meeting Minutes later that evening. We then have news affecting a variety of currency pairs as we prepare for the OPEC Meetings, otherwise known as the Organisation of Petroleum Exporting Countries. This...
BITCOIN (BITFINEX:BTCUSD) is testing the upper border of the ascending channel. Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon.
Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames.
In 15 minute, a Double Top Pattern is formed.
MACD Divergence in 30...