Market Overview: Bitcoin Bitcoin is reversing up from a bear ioi sell signal on the weekly chart. Both the Bulls and the Bears are active. The Bears sold a Bear Breakout of the Bull trend line. But the Bulls were trending during the year, and until proven wrong, Traders should suppose that the Bears will […]
Bitcoin Peril Pointing Towards Right Shoulder Low near 20000
Market Overview: Bitcoin Bitcoin is pointing towards the Right Shoulder Low of the Head and Shoulders Bottom (HSB) pattern on the Weekly Chart. The Bulls could not trend strongly after the Bull Breakout of the HSB, apparently there has not been fuel enough; However, if the price trades at the Right Shoulder Low, it will […]
Bitcoin Bear Signal in August
Market Overview: Bitcoin Futures Bitcoin Bear Signal in August. The value of a Bitcoin decreased by 11.25% during August. There is a bear signal bar on the Monthly Chart, bears want to get to the 2022 low and bulls hope to reverse up and start a second leg up after a tight bear channel. Bitcoin […]
Bitcoin at 26k Bear Continuation or Failure
Market Overview: Bitcoin Futures Bitcoin traded sideways during the week and Traders are wondering if there will be a Bear Continuation of the past week’s bear breakout, or if Bears will fail. Bitcoin futures The Weekly chart of Bitcoin futures Past (Supports & Resistances) “Every market probes up and down to discover how far is […]
Bitcoin at 26k after a Bear Breakout of a Tight Trading Range
Market Overview: Bitcoin Futures Bitcoin futures Bear Breakout of a Tight Trading Range on the daily chart. During the week, the value of the crypto asset decreased by 11.69%, and now is testing the HSB breakout point. Traders wonder if this is the end of the bull channel or if the price will reverse up […]
Bitcoin tightening its range below $30000
Market Overview: Bitcoin Futures Bitcoin is tightening its range on the Daily chart. This past week’s candlestick is a bull doji bar, with a close below its midpoint. The value of a Bitcoin increased 1.64% during the past week. Bitcoin futures The Weekly chart of Bitcoin futures Past (Supports & Resistances) “Every market probes up […]
Bitcoin 1st leg up loss of momentum
Market Overview: Bitcoin Futures Bitcoin futures 1st leg up loss of momentum. During July, the value of a Bitcoin decreased 4.22%. Traders wonder if this is the start of a retracement. A 1st leg up loss of momentum normally anticipates a retracement. Bitcoin futures The logarithmic Monthly chart of Bitcoin futures Analysis Trading The Weekly […]
Bitcoin Intriguing Bear Breakout Attempt of a TTR at 30k
Market Overview: Bitcoin Futures Bitcoin futures Bear Breakout attempt of a TTR (Tight Trading Range). During the week, the value of a Bitcoin decreased by 0.97%. Traders wonder if the tight range during the bull channel, it is the beginning of a transition into a trading range. Monday it is the last trading day of […]
Bitcoin agony Breakout Mode at the Bull Flag Top and 30000
Market Overview: Bitcoin Futures Bitcoin breakout mode at the bull flag top on the daily chart. During the week, the value of the crypto asset decreased by -1.48%. Traders are ready for a breakout attempt, or a big move up or down, next following weeks. Bitcoin futures The Weekly chart of Bitcoin futures Analysis Trading […]
Bitcoin peril failing to close above 50 percent retracement
Market Overview: Bitcoin Futures Bitcoin futures failing to close above 50 percent retracement of the 2022’s bear trend. During the week, the value of a Bitcoin decreased 0.23%. For 3 consecutive weeks, the price tested above the prior week’s high (wedge top within lower time frames). Traders want to see what happens if bears can […]