Technical Analysis from me, will mostly be doing Bitcoin / Altcoin.
17 Sep 2020 2 minute read 7 comments pheonixdown-dee
The Bitcoin (BTC) price reached a high above $11,100, purportedly breaking out from the current pattern, but was rejected by an important Fib level and has been decreasing since. Bitcoin Rejected At Resistance Technical indicators have begun to...
16 Sep 2020 1 minute read 14 comments pheonixdown-dee
The ChainLink (LINK) price has been decreasing alongside a descending resistance line since its Aug 16 all-time high. Unless the price is successful in breaking out above this resistance, the price movement is still considered corrective. LINK Brea...
14 Sep 2020 2 minute read 4 comments pheonixdown-dee
The Polkadot (DOT) price has bounced at an important support level and is aiming to break above its previous highs. Failure to break out above the current resistance area could once again trigger a rapid drop towards the $3 level. Polkadot Trad...
14 Sep 2020 2 minute read 0 comments pheonixdown-dee
Even though Bitcoin (BTC) has been moving upwards since Sept. 8, it has shown considerable weakness indicating that it is likely beginning a final wave down that could end at $9,700. After the losses seen during the week of Aug 31-Sept 7, the Bitcoin...
8 Sep 2020 2 minute read 9 comments pheonixdown-dee
Despite the sharp drop during the week of August 31 – September 6, the Ethereum (ETH) price has maintained its bullish structure. However, a reversal has to occur soon for long-term indicators not to turn bearish. Long-Term Support Is Still Intact...
7 Sep 2020 3 minute read 2 comments pheonixdown-dee
The Bitcoin (BTC) price decreased by 12.30% during the week of Aug 31-Sept 7. It has reached a major long-term horizontal and Fibonacci support level, which may be enough to initiate a reversal. Bitcoin Rests at Weekly Support The Bitcoin price...
1 Sep 2020 2 minute read 5 comments pheonixdown-dee
The Bitcoin (BTC) price has broken out from a crucial resistance area and invalidated a number of bearish wave counts. This makes it likely that BTC has begun a new upward wave that takes it above the current yearly highs. Bitcoin’s Monthly Close...
25 Aug 2020 2 minute read 3 comments pheonixdown-dee
The Cosmos (ATOM) price reached a new all-time high on Aug 23. The upward trend has yet to show any weakness. The Solana (SOL) price reached a new all-time high on Aug 13 and has broken out over a short-term descending resistance line. Cosmos (AT...
17 Aug 2020 2 minute read 4 comments pheonixdown-dee
The Bitcoin (BTC) price increased gradually over the past week and reached a crucial long-term resistance area. The short/medium-term trend is showing weakness, indicating that a corrective move could transpire soon. Bitcoin Long-Term Levels Th...
12 Aug 2020 2 minute read 6 comments pheonixdown-dee
While the Bitcoin (BTC) price has increased considerably over the past few weeks, it has failed to reach a close above a crucial long-term resistance area at $12,100. Instead, the price has created a bearish pattern and began a short-term downwar...
