2019-6-4 14:00 |
Bitcoin could revisit sub-$8,000 levels in the short-term, as a longer-duration chart is flashing signs of bull exhaustion for the first time in 2019. origin »
Bitcoin price in Telegram @btc_price_every_hour
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Quick Take The Bitcoin market in 2023 displays an interesting revelation: a marked escalation in seller exhaustion. To put it in perspective, this rare occurrence has only occurred roughly 15 times in Bitcoin’s history, with an unusual concentration of four incidences in 2023 alone.
2023-8-26 14:00 | |
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Bitcoin is showing signs of buyer exhaustion and could see a minor pullback unless resistance at $4,000 is scaled soon.
2019-3-19 14:00 | |
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Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume.
2019-3-19 01:17 | |
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Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation.
2019-3-16 01:56 | |
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Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half.
2019-3-13 22:26 | |
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The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.
2019-2-23 02:23 | |
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BSV/USD Medium-term Trend: Ranging Supply zones: $150, $200, $250 Demand zones: $50, $40, $30 BSVUSD continues in a range-bound market in its medium-term outlook. The bears managed a drop of the cryptocurrency to $60.
2019-2-18 08:33 | |
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Identifying speculative bubbles or bearish exhaustion may be possible through the use of a fairly new metric known as the Mayer Multiple.
2019-2-17 13:00 | |
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After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.
2019-1-29 02:01 | |
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“The point is to get people to think about bitcoin, not spend it. I don’t think it’s good for that. It’s not meant to be used like cash,” Jeremy Gardner, founder of Ausum Ventures, advised me.
2019-1-15 17:50 | |
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BSV/USD Medium-term Trend: Bearish Supply zones: $150, $200, $250 Demand zones: $50, $40, $30 BSVUSD continues in a bearish trend in its medium-term outlook. The pullback by the bulls came to an end after the cryptocurrency was up at $89.
2018-12-13 09:03 | |
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Bitcoin is still in selloff mode but there are more signs of bullish exhaustion on the daily time frame. For one, RSI and stochastic have indicated oversold conditions and are starting to turn higher to reflect the return of bullish pressure.
2018-12-12 08:10 | |
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BSV/USD Medium-term Trend: Ranging Supply zones: $150, $200, $250 Demand zones: $60, $50, $40 BSVUSD remains in a range-bound market in its medium-term outlook. The formation of an inverted hammer at $110.
2018-12-10 13:36 | |
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While the bitcoin market is still predominantly bearish, seller exhaustion near $3,500 may be paving the way to stronger corrective bounce.
2018-11-28 14:20 | |
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BCH/USD Medium-term Trend: Bearish Supply zones: $800, $900, $1000 Demand zones: $300, $200, $100 BCH is in a bearish trend in its medium-term outlook. The bullish pressure pushed BCHUSD to a new high at $646.
2018-11-8 07:55 | |
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BCH/USD Medium-term Trend: Bearish Supply zones: $700, $800, $900 Demand zones: $300, $200, $100 BCH is in a bearish trend in its medium-term outlook. Yesterday larger bearish engulfing 4-hour opening candle at $570.
2018-11-6 08:11 | |
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BCH/USD Medium-term Trend: Ranging Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH is in consolidation in its medium-term outlook. The bulls upward price movement was nullified at $479.
2018-10-17 10:12 | |
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For several weeks, bitcoin has remained in a consolidating uptrend. The market hasn’t seen a new high since mid-September, but the lows have steadily gained higher and higher ground.
2018-10-10 01:26 | |
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Bitcoin Price Key Highlights Bitcoin price looks ready to confirm its double bottom reversal formation as it tests the neckline. A break higher could lead to a rally that’s the same height as the chart formation, which spans $6,100 to $6,650.
2018-9-21 07:16 | |
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Bitcoin could be in for a minor price pullback as the short-duration charts are flashing signs of bullish exhaustion.
2018-9-3 14:00 | |
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The technical charts continue to call a rally to $7K despite bitcoin showing signs of exhaustion around $6,500.
2018-8-17 14:00 | |
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At the time of this article, the news from the Winklevoss ETF being denied by the SEC is still fresh and it is unclear what impact it may have on the overall macro trend of the market.
2018-7-27 00:57 | |
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The leading cryptocurrency looked vulnerable to a pullback 24 hours ago, courtesy of the signs of bullish exhaustion near key resistance of $6,800. It is worth noting that the short-term moving average is still biased to the bulls (rising).
2018-7-10 17:14 | |
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BTC is showing signs of exhaustion near a key resistance zone, still, the short-term outlook remains bullish.
2018-7-9 14:00 | |
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BTC is showing signs of exhaustion near a key resistance zone, still, the short-term outlook remains bullish.
2018-7-9 14:00 | |
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Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did
2018-6-18 16:44 | |
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Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did
2018-6-18 14:42 | |
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The average Bitcoin price in September of last year was $45,965. It even hit and surpassed the $50K mark three times back then. It did so when it closed September 4, 2021 at $50,000, September 5 at $51,692, and September 6 at $52,644.