Bitcoin has a confirmed breakdown at $20k resistance. The RSI + MACD divergence on the daily chart has played out after the tail wedge had formed and we now have a confirmed breakdown. From here price should visit the $17.2k level and possibly even the $16.2k level. $14k is in play as well but it would require some significant FUD or major market event.
Bitcoin is currently consolidation under $20k resistance. Seemingly some fuel is building to send price well above the $20k level but it may not happen immediately. There is a scenario where price continues to move sideways just under the all important $20k level. Another scenario would be another large pullback into the $17.2k level which would almost guarantee...
Bitcoin is clearly in a bullish trend and I go in depth as to why that is. I also lay out key levels coming up on the chart and how I think this plays out over the next 1-2 years.
Bitcoin continues its ascent towards 14k as the continuation pattern that has been building since the end of July, breaks to the upside. Bitcoin now sets its sights on 13.1k where it should look to consolidate and then make another push towards 14k. Depending upon how much strength the bulls have this could all happen this week. A much more likely scenario is that...
Bitcoin and all of the crypto markets in general are currently consolidating and looking to make new moves upwards in the coming days.
An overview of Bitcoin's strong July close and what to expect moving forward.
A video overview of the start of the 2020-2021 Bitcoin Bull Run
Bitcoin is currently forming a rising wedge pattern on the daily and four hour chart. This is also moving up into an area of resistance at the 7700-7900 area . I am also seeing declining volume on the move up as well as the stochastic indicator on the daily moving into the overbought area. This indicates to me that the current move is nearing its exhaustion...
TEAM looks like a buy over the mid term. Look for a pull back into the $132-$140 range for a buying opportunity. Look for a price target of $176 before the next earnings call.
XMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think...