Market Overview: Bitcoin Futures Bitcoin formed a severe bull bar in October. During October, the price increased its value by 28.80%. The price created a bull breakout bar that is breaking a breakout mode pattern. Looking to the left, there is some confusion, and Traders are waiting for confirmation during November. Bitcoin futures The Monthly […]
Bitcoin strong bull breakout and test of 35k
Market Overview: Bitcoin Futures Bitcoin futures strong bull breakout and test of 35k. The price is up 14.38% respecting last week’s close, and it is trying to do a bull breakout of a Breakout Mode Pattern. Now, there are two consecutive strong bull signal bars on the weekly chart and traders wonder if this is […]
Bitcoin test of 30k and Hunt of Weak Bears
Market Overview: Bitcoin Bitcoin is testing $30000 big round number and the August High, during a hunt of weak bears on the daily chart. This week’s candlestick is a strong Bull Bar. Traders wonder if this is the start of a Bull Trend; however, it is too early to say since the price remains within […]
Bitcoin quick test down of Daily chart magnet
Market Overview: Bitcoin Bitcoin test down of a Daily chart magnet. During the past report, we have said that the price was likely to test the apex of a Trading Range on the Daily chart, and this is what happened during the week. Regarding the weekly chart, there is a bear signal bar, but since […]
Bitcoin up to 28k but Limit Order Market and BOM
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, […]
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 […]