Bitcoin technical analysis. BTC-USD on December 30, 2018

December 30, 2018

#BTC The price still holds at good levels to continue the positive scenario, but it is worth noting that a breakdown of the lower edge of the upward channel and a departure below the level of 3700 will indicate the formation of a bearish mood in the market. We are still bullish, but the next […]

Bitcoin. Another update

December 30, 2018

#BTC On a 4-hour scale, the price still remains in the uplink, the lower bound of which has shown itself to be a good support. The pattern of the inverted head and shoulders continues, if the market continues to remain in the channel, then we should expect the test of resistance 4400 and if it […]

Bitcoin update. BTC-USD on December 30, 2018

December 30, 2018

#BTC Globally, the situation is unchanged: on the scale of the month we can still continue to move to the upper edge of the channel, on the scale of the week Bitcoin is still on the bull side and has good support that coped with market pressure during the recent drawdown, which is a good […]

Bitcoin update. BTC-USD on December 26, 2018

December 26, 2018

#BTC On the scale of the month, the extreme candle still looks like a reversal (not globally, but within the movement of the downward channel), which gives a chance to see a bullish green color next month. On a week scale, we see the formation of a red candle, which is quite logical after such […]

Bitcoin update. BTC-USD on December 26, 2018

December 26, 2018

#BTC The main graph is drawn in a hurry, but on the whole the message should be clear: we are rolling back slightly in order to build another wave of growth. If we consider the 4-hour scale in more detail, the price can roll back to the level of Fib 0.618, where good support can […]

Bitcoin technical analysis. BTC-USD on December 26, 2018

December 26, 2018

#BTC On a 4-hour scale, you will notice that the price is likely to fall to the support level of 3600, from where it can rebound. If the price follows this scenario, then on the chart you can see the figure of an inverted head and shoulders. If the scenario of this pattern is confirmed, […]

Bitcoin is still bullish. Update.

December 24, 2018

#BTC Still on the bull side, but the formation of the extreme weekly candle looks alarming. If the shadow remains more than the body, then it is very likely that we will further get a step down. This does not cancel the scenario of moving to the range of 4500-4960, a corrective pullback is quite […]

Bitcoin is still bullish

December 23, 2018

On the scale of the month, we can clearly see that we are still moving in the descending channel. The formation of the extreme candle looks like a “reversal”, which gives us a good opportunity to jump to the upper edge of the channel, but it will be rather difficult and unlikely to go higher. […]

Bitcoin technical analysis. BTC-USD on December 22, 2018

December 22, 2018

#BTC There is a high probability that we are observing correctional waves of the ABC pattern. If the price action forms the ABC pattern, then the next point C will be near $ 3800. As part of the correction of this pattern, we have a good structure 12345. Therefore, we must go back to the […]