This Textbook Indicator Suggests Tezos (XTZ) Will Soon Recover Against Bitcoin
Earlier this month, Tezos (XTZ) was all the rage. After Bitcoin stalled in the $11,000s, the price of
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Textbook
Cardano (ADA) Just Formed This Textbook Bullish Reversal Against Bitcoin
Since the highs that were seen in July, Cardano (ADA) has seen a strong retracement against Bitcoin. The
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Here’s the Level Bitcoin Needs to Break to See a “Textbook Swing” to $10,500
Bitcoin’s price action in the time following its break above its multi-week trading range between $9,100 and $9,300
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This Textbook Distribution Analyst Says Bitcoin Could Dive Under $7,000
Bitcoin has spent the last two months trading in a tight range between $8,500 and $10,000. Prices have barely deviated from these boundaries, save for minor deviations that were quickly corrected.Some say that this consolidation is a “launchpad” for the bull market. Yet the argument that Bitcoin’s recent price action
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Bitcoin Is Still Tracing a Textbook Pattern Predicting a Crash to $8,000
It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows.Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s.Related Reading: BTC Hash Rate Recovers
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Even as Bitcoin Pushes $10,000, Textbook Pattern Predicts 30% Drop: Analyst
Even after a strong rejection at $10,400 last week, Bitcoin has held in the high-$9,000s ever since. As of the time of this article’s writing, BTC is trading for $9,800, seemingly poised to break into the five digits for the umpteenth time in weeks.The consolidation at such high prices has
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Textbook Wyckoff Analysis Shows Bitcoin Is About to See a Brutal Drop to $7,000s
Since plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th.The more than 10% bounce has convinced many traders of the bull case, hence why funding on futures exchanges remains positive, showing longs are
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Bitcoin Could Fall Another $1,000 According to This Textbook Indicator
Bitcoin plunged by 18.79 percent after closing above $10,000 late Friday.The cryptocurrency found a short-term support area above $8,000, prompting traders to predict a $10,000-top retest.But a conflicting technical indicator sees bitcoin continuing its bearish correction.The “Bitcoin Halving” euphoria helped the cryptocurrency rise from its mid-March low of $3,858 to
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Bitcoin Price is Showing 3 Textbook Technical Signs of a Severe Correction
The Bitcoin price (BTC) has been consolidating in the $6,900 to $7,100 range throughout the past 36 hours, right below a heavy resistance level at $7,200. Typically, a large price movement occurs when BTC gets stuck in a tight range for a prolonged period of time.Crypto market daily performance. Source:
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Bitcoin Eyes Close above $14,000, According to Textbook Technical Indicator
A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000.Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern. Investopedia defines it counter, which is called Head and Shoulder Pattern, as a “reliable” indicator in predicting an asset’s
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