Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume. Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650. The daily chart also…
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For those who do not know, the “The Golden Cross” is a Candle-stick pattern which indicates a long-term Bull Market going forward. It occurs when a short-term moving average crosses over a major long-term moving average to the upside and it is very used by investors, analyst and traders as an indication of a major…
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For those who do not know, the “The Golden Cross” is a Candle-stick pattern which indicates a long-term Bull Market going forward. It occurs when a short-term moving average crosses over a major long-term moving average to the upside and it is very used by investors, analyst and traders as an indication of a major…
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Bitcoin broke below the $3,600 support (on Coinbase). It’s now testing the prior order block between $3,580 and $3,540. Should this break down decisively (4hr candel opening and closing below), I believe a drop to $3,400 will become likely. Looking at the 4 hour chart, we can see the 8, 21 and 55 day EMA’s…
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Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap. Looking at the daily chart, we can see price found resistance right…
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