Bitcoin Inching Toward a Decisive Moment
For those who have been following my work, in yesterday’s bitcoin analysis article we postulated that the 2nd arc of the arc pair might hold bitcoin price back for a bit – maybe cause a pullback – and that is what happened. 11_2aI am still of the opinion that the 4th arc pair will likely be broken. This would make the 5th arc the next target. However, I do not know this for certain. There is still that disconcerting bear setup that we looked at yesterday. Let’s look at it again: All those arrows are pointing to places where Gann angles provided support or resistance, even if for just a....
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The upward movement of Ethereum’s price can be a correction. The graph is approaching a key technical, where volatility is highly likely to increase. ETH/USD. Low volatility, together with a decline in volume, indicates the fact that Ethereum’s price is currently in an area which isn’t really profitable for both bulls and bears. With regards to the movement of the past two weeks, the ETHUSD price is still too low to sell and too high to buy for short-term traders. However, the full-scale rebound towards the $14.5 - $9.5 downward trend is not over yet. In order to form a movement of a....
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