Market Overview: Bitcoin Bitcoin up to 28k. On the Weekly chart, the price is contained within a Trading Range Pattern, which is also a Breakout Mode (BOM) pattern. Most good signal bars are not good setups when the price is within a BOM. Until the BOM is not broken, Traders are in stand by mode, […]
EURUSD September Strong Bear Follow Through 1.05 BRN
Market Overview: EURUSD Forex The EURUSD Forex Monthly chart, achieved a strong bear follow through bar that reached the 1.05 Big Round Number. On the weekly, the price reached their targets, but since the leg down has been in a strong and tight bear channel, the odds favor a leg sideways to down after a […]
Bitcoin micro double top on 3rd Quarter
Market Overview: Bitcoin Bitcoin traded above past Q (Quarter) high during the Q3 (3rd Quarter), and then reversed down, creating a micro double top. On the Monthly chart, Bitcoin is within a Tight Trading Range, which is a Breakout Mode pattern: there is a 50% chance that the price will have a successful breakout above […]
Bitcoin Double Top Lower High below $27000
Market Overview: Bitcoin Bitcoin Double Top Lower High on the Daily Chart. This week was quiet, the price tried to trade higher but then reversed down from the 20-week Exponential Moving Average (EMA). On the Daily Chart, the price is within a Sell Zone of a Bear Channel and formed a Double Top Lower High, […]
Bitcoin weak reversal up from bear ioi sell setup and 25k
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 […]