BTCUSD Coinbase As we’ve anticipated a week ago, Bitcoin broke above the range structure and after retesting the higher bound, it looks set to continue higher. The breakout + retest formation confirms the market had switched to the bullish move and we expect the price to continue up, until $8,900
weekly analysis
BTCUSD Coinbase Bitcoin continues to be locked in a textbook range since the end of November, as the year-end conditions saw volatility contracting. Looking at the 4h-chart, however, we can notice that activity started to pick up for the past few days and now the price trades above the 200
BTCUSD Coinbase Bitcoin continues to trade mildly as the end of 2019 approaches. The price action is locked in a range between $6,500 and $7,880 and given the low liquidity expected in the next few days, we don’t think any breakout will occur until after the first few days of
BTCUSD Coinbase As we’ve anticipated a week ago, the Bitcoin price retested the November lows, but unexpectedly, dip buyers jumped in impulsively and drove the price higher. The impulsive move pushed the price above the 1h chart 200 MA and since then sellers did not manage to take it below.
BTCUSD Coinbase The probability for a Bitcoin Christmas rally to unfold had diminished over the past week, given that the price action broke below the triangle formation mentioned in our last analysis. On top of that, there’s little sign of impulsive buying, meaning the next Bitcoin rally could be postponed
BTCUSD Coinbase Volatility seems to have settled, at least in Bitcoin’s case, given that we have the price trading in a triangular-type formation. The $7,700 resistance area mentioned a week ago held pretty nicely and the next key thing to watch will be the direction of the breakout. We
BTCUSD Coinbase As we’ve anticipated a week ago, Bitcoin bounced off the lows and managed to recover, but encountered resistance around $7,730, one of our resistance levels. We’re on Sunday and thus far the selling seems to intensify, the price currently hovering around the October lows located at $7,320.
BTCUSD Coinbase We were right in our last weekly crypto analysis and Bitcoin managed to reach our downside targets. The price broke below $7,300, the October low, as a nice mid-term parabolic structure can be noticed on the chart. We can easily see how the price action treated the
BTCUSD We’ve warned since two weeks ago that what’s happening with Bitcoin is a textbook “pump and dump” scheme and the price action development confirms our view. Exactly how we’ve talked in the last week crypto analysis that Bitcoin will retest the broken range and then head south, which
BTCUSD Coinbase Bitcoin broke below the range structure which we’ve mentioned last week and now looks set to further erase the gains seen at the end of October. However, we believe it’s still possible the buyers will try to take the price up, but from our point of view,
