Bitcoin. Looks bad

January 16, 2019

#BTC The month-wide RSI goes below the past minimum visible on Bitfinex. As you can see, the market has not received adequate support, globally it is very likely that the RSI will continue to decline further to the oversold area. MACD on the same scale continues to look not promising, apparently, and will continue to […]

Bitcoin technical analysis. BTC-USD on January 14, 2019

January 14, 2019

#BTC On the 12-hour scale, the market has been oversold for several days already; the Stoch RSI can bounce and move up. The formation of the XABCD pattern is also seen, which may lead the price to the area 3466 corresponding to the level of Fib 0.786, which, as a rule, is often reversal and […]

Bitcoin update. BTC-USD on January 10, 2018

January 10, 2019

#BTC The current breakdown is not critical, at current levels there is good support, but slightly lower (3665) support looks even denser. In the medium term, the market is still set to move up and the scenario described above is still relevant. In fact, we are moving in the corridor 3665-4300, the market forms a […]

Bitcoin update. BTC-USD on January 08, 2018

January 8, 2019

#BTC On a 1-week scale, we are still close to oversold, the RSI has a good chance of moving up. In case of crossing, MACD will be bullish and will also show positive signals. The resistance of 4200, which has formed above us, keeps the market from the next wave of growth, as the area […]

#BTC Mid-term is still bullish

January 7, 2019

#BTC Medium is still bullish, indicators look positive. On a month scale, the formation of a green candle is visible, which can continue to increase and touch the upper edge of the downward channel. On the scale of the day, it is worth noting that we are approaching the area of ​​resistance above which there […]

Bitcoin technical analysis. BTC-USD on January 04, 2019

January 4, 2019

#BTC Despite the similarity with the formation of lateral movement, Bitcoin is still at interesting levels to build another wave of growth. The support is very serious, going below 3650 will significantly complicate the likelihood of moving to levels around 4900 and 5600, however the market is still bullish and it is very real to […]

Bitcoin technical analysis. BTC-USD on January 02, 2019

January 2, 2019

#BTC We see good chances for building another wave of growth, which can raise the price closer to the 5000 area. The bull scenario is still relevant, support near the level of 3650 looks decent, you should pay attention to the state of RSI: clear signs of an uptrend and also a good opportunity for […]

Bitcoin update. BTC-USD on December 31, 2018

December 31, 2018

#BTC It looks ready to make a rally to the region of $ 4800-5000, but before the impulsive breakthrough it will consolidate, probably will be able to descend to the area of about $ 3800. The price action forms the ABCD pattern, where the D point will be near the 5000 level. Bitcoin technical analysis. […]