Bitcoin (BTCUSD) (3-day/8-hour) Bitcoin had a week marked with widespread fear starting with a heavy selloff last Monday, but ultimately ended up finishing strong last night. Closing out the week with strength has primed the market for this morning’s break above $40k....
Bitcoin (BTCUSD) (3-day/8-hour) Bitcoin’s first week of June was for the most part uneventful. Price has lingered in the mid $30k’s, with support stepping in at the right times but with little to no follow-through. We can see in our 3-day chart on the left that our...
Bitcoin (BTCUSD) (3-day/8-hour chart) After a rough couple of weeks for Bitcoin Bulls, some signs of hope for a reversal are beginning to appear. When we zoom out to our 3-day chart on the left, we can see that support showed up right on time in our green zone, and we...
Bitcoin (BTCUSD) (1-day Chart) Bitcoin bulls saw serious exhaustion in recent weeks as the market got hammered with FUD - China bans, Musk’s concerns over eco-friendliness, etc. As market participants digested this, the sell-off continued and market sentiment shifted...
Bitcoin (BTCUSD) (3-day / 8-hour Comparison) Widespread panic. Hatred & blame thrown towards Elon. No shortage of narratives as to “why” we saw a recent correction in Bitcoin’s $USD value. On our 3D chart, we’ve been watching just below the current price for...
Bitcoin (BTCUSD) (3-day / 8-hour Comparison) Bitcoin has continued to stay mostly sideways, frustrating over eager traders who do not abide by the “When In Doubt, Zoom Out” rule. These 3D candles tell a tale of some indecision, but overall, a bull-leaning one. We see...
Bitcoin (BTCUSD) (3-day / 8-hour Comparison) Bitcoin remains on the back burner it seems, with an overall sideways movement as more attention is pointed towards ETH and alts in general. These periods of “chop” for BTC can be maddening for traders who trade primarily...
Bitcoin (BTCUSD) (3-day / 8-hour Comparison) Bitcoin has been giving day traders a run for their money lately, with a lot of noise on lower time frame charts. Crypto markets are particularly impatient since the participants are conditioned for high volatility and...
Bitcoin (BTCUSD) (3-day / 8-hour Comparison) Many participants in the crypto markets were shocked by a sudden Saturday drop in Bitcoin’s price as it approached a 4hr candle close at 04:00 UTC. If you’ve been following our weekly reports, we’ve been prepping you for...
Bitcoin (BTCUSD) (3-day / 8-hour Comparison) Another week has passed, and Bitcoin’s price movement has been minimal since our last market update. We’ve seen price inch upwards in the red “danger zone” we see on the 8hr chart on the right, and still no sign of...
Bitcoin (BTCUSD) (3-day / 12-hour Comparison) In this side-by-side comparison of the 3-Day and 12-hour charts and bull case/bear case fib ranges, not much has changed for Bitcoin in the past week. Confirmation remains uncertain without additional movement. Bulls...
Bitcoin (BTCUSD) (Weekly / 12-hour Comparison) Bitcoin is looking strong on higher time frames, but let’s entertain the possibility of a short term bear case/final shakeout comparing opposing fibonacci retracement ranges. On the weekly chart (left), we see a nice...
Bitcoin (BTCUSD) (4-hour) As Bitcoin closed its latest weekly candle at $57,363, it shows that the “go-to” digital store of value continues to remain bullish despite its massive 1,400% run over the past 12 months. As we zoom into the 4-hour chart, we can clearly see...
Bitcoin (BTCUSD) (3-day) Bitcoin hit a new all-time-high past $60,000 last week, and the retrace so far looks healthy, with support stepping in at this previous resistance block (yellow line). Similar to how we saw the retrace from the $41,986.37 and support stepping...
Bitcoin (BTCUSD) (Daily) The past week has proved strong for Bitcoin as support has held steady over the $45k zone. We’ve seen bulls slowly grind upwards, flipping lower timeframe resistances into support along the way. While Bitcoin bears have been quick to call it...
Bitcoin (BTCUSD) (Daily) For the first time in weeks, Bitcoin had its first red weekly candle. It coincided with a monthly candle close as well. As the majority of crypto speculators are emotional and irrationally sensitive to price declines, a week of stagnant...
Bitcoin (BTCUSD) (Daily) Bitcoin opened the week with heavy selling from the high of $58,000 into a key area for the bulls. Falling into the optimal entry zone for the bullish fibonacci range caused buyers to step in heavily, creating a massive wick and spurring...
Bitcoin (BTCUSD) (Weekly) Bitcoin closed the week out with strength, clearing this red "fakeout level" with a solid candle body on this macro Fibonacci Level. Confirming this breakout past the previous high at $41,986.37 (BTCUSD - Coinbase) is significant. ...
Bitcoin (BTCUSD) (Weekly) Bitcoin had a nice move up this morning on news of Tesla, Inc. (NASDAQ: TSLA) allocating almost 10% of their balance sheet, or $1.5 Billion, into the digital asset. A high time frame close above the $45,200 level should be the confirmation...
Bitcoin (BTCUSD) (Monthly) Bitcoin came out of the gate with a lot of steam in January but ultimately couldn't keep the momentum going for the entire month. Yesterday’s monthly close left an upper wick of $8,800, which shows an initial 21% price rejection. Despite...