Analyst Says Charts Look ‘So Bearish That They’re Bullish,’ as Pepenode Gets ...
Crypto analyst Alex Krüger stated that crypto charts ‘look so broken and bearish that is bullish.’ According to the analyst, the recent $BTC and $ETH crash signals it’s time to go long. The charts are also looking good for alt coins: Notice how today’s move was mainly BTC and ETH getting dumped, while alts stopped […]
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Bitcoin price continued rising, emphasizing the bullish wave that started earlier this week. Yesterday, the price pushed upwards until it touched the $256 resistance line. The price reached a high of around $259 yesterday, before falling to $249 at the time of writing of this article. Basic and technical analyses are in favor of continuation of the bullish trend to push the price even higher. By studying the 1 day Bitfinex (BTC/USD) charts from tradingview.com, we can notice a reversal of the bearish trend on the 14th of January. By plotting the Relative Strength Index (RSI) on the same....
Bitcoin price advanced to around $240 today after we spotted a bullish wave which started yesterday. Today's bitcoin price increase is highly considerable given the bearish wave that has been dominating the market throughout the past 2 weeks. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below charts), we can notice that today's trading led to a repetitive pattern of candlesticks. 3-5 green bullish candlesticks followed by 2-3 red bearish candlesticks which is a pattern that has been pushing the price upwards earlier today. Each bullish wave is followed....
Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside. Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens. Related Reading: AI Crypto Fetch.ai (FET) Makes ‘Big Bounce’ – Volume Spikes Over 200% Ahead Of Merger Polygon To Rise To As High As $5 World of Charts predicted in an X (formerly Twitter) post that Polygon could rise to between $4 and $5 in the midterm. He made this....
Bitcoin price finally begins advance after a long wait and sideways crawl. While the OKCoin 3Months futures chart is already in its second wave of advance and approaching the early-September highs, many of the USD exchange charts remain below their 1hr 200MA (red, as is the case with Bitstamp (above). Perhaps these exchanges will still catch up as successive bullish signals cascade through the medium (1hr, 4hr) timeframes. The large timeframes bullish bias is confirmed by today’s launch higher, and a bearish outlook will only come into focus when the 4hr and then 1day charts turn bearish.....
Bitcoin price fell to test the $230 support line yesterday, yet the $230 line seems to support the price well, as the price started rising again after testing the $230 support line to score around $237 at the time of the writing of this article. By studying the 4 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the Vortex Indicator (VI) (look at the below chart), we can notice that the red downtrend line is still above the blue uptrend line, which is synchronizing with the current bearish trend. Reversal of the bearish trend will be inevitable when we can see:4 or more....