moon333

  Hi friends, hope you are well and welcome to the new update on Bitcoin. Previous triangle: Previously we have been following the triangle and the price action of the Bitcoin broke out the resistance of this pattern, but unfortunately, it was rejected by the price level resistance at $39500 and moved down.   Breaking down the wedge: On the daily time frame, the price action of the Bitcoin formed the rising wedge pattern and broke down the support of this wedge. Then the priceline of the leading cryptocurrency also broke down the daily 25 SMA as well. And reached very close to the area where the volume profile is showing very little interest of the traders. The volume profile has been placed since after the price action recently rejected by $30K support up to the current candlestick.   The bullish harmonic moves: The price action of the king of all cryptocurrencies is forming continuously different bullish harmonic moves. Most recently it formed a bullish Gartley pattern ...

    Hi friends, hope you are well, and welcome to the new update on Tron (TRX).   Behaved differently from Bitcoin: Yesterday, the price action of TRX has moved and behaved differently with the bitcoin. For example yesterday, we had the sale in Bitcoin but in TRX, we had a nice buying and it formed a green candlestick. Therefore, we can expect that if the bitcoin is moving down, the TRX can move to the upside.   Still moving above the trend line support: After placing the trend lines, we infer that BTC broke down the trendline support. Whereas, TRX is still moving above the trendline support. For example, if the TRX will be moved down, then there is still space for the price action to move down, which will be approximately $0.069. If the price action will break down this trend line support, then we can expect that the Tron will move more down. Otherwise, it can bounce back.   Descending triangle and the volume profile: The price action is likely to have a reject...

    Hi friends, hope you are well and welcome to the new update on Bitcoin (BTC). Brokedown the support of $39500: Previously we have seen that the resistance of the symmetrical triangle turned into the support, the price action retested the previous resistance as a support and moved to the upside, broke out the next price level resistance at $39,500. We had a closing above $39,500 but while the price action moved back again to retest this previous price level resistance as support, the price action could not save this support and moved to the downside and now we are moving down. Breaking down the wedge's support: On the daily time frame chart, the price action is breaking down the support of the rising wedge pattern. But if the price line will also break down the additional support of the daily 25 simple moving average which is at approximately $37K then there will be more chances that the BTC will re-test the $30K. Support. For this, we need to wait for the daily closing bel...

    Hi friends, hope you are well and Welcome to the new update on the REEF token.   A down channel and the volume: On the 2-day chart, the price action of Reef with the US dollar pair has formed the down channel and moving very well between the resistance and support of the down channel. At this time, the price action is at the support after getting rejected by the resistance. Therefore, we can expect that the price action can have another bounce to the upside to this resistance of the channel. If the price action will hit the resistance then this move can be approximately up to $0.035 cents. After placing the volume profile on the complete price action moving within this channel it can be seen that there is less interest of the traders at the support.   Simple moving averages and expected alligator mouth: We have 100, 50, and 25 simple moving averages on the daily timeframe chart. For any big move, the price action needs to first break out the 25 then 50, and then ...

    Hey dear friends, hope you are well and welcome to the new update on Bitcoin Cash (BCH).   Reached the resistance of falling wedge: On the daily timeframe chart, after the drop, the price action has started moving in the falling wedge pattern. As we know among the trader's community, this pattern is considered a bullish reversal pattern. Most of the time, the price action breaks out the resistance of this pattern. At this time, the price action is trying to break out this resistance.   Big Shark move: On the 4-day chart, the price action of BCH has formed a bullish shark pattern. Priceline has already visited the oversold zone as it was dropped up to $468 and moved up. However, if the 50 simple moving average will be broken down, then it can give us another chance to catch it from the buying zone of this pattern. There is also 100 simple moving average support in the potential reversal zone.       Broadening formation: BCH has formed the broadening...

  Hey, friends hope you are well, and welcome to the new update on Bitcoin (BTC). Breakout the triangle and re-testing the price level resistance: Previously the price action was moving between the resistance and the support of a symmetrical triangle and we had 1st a fake-out to the downside, then the price action reversed back into the triangle and broke out the resistance of the triangle, retested the previous resistance as a support, and moved to the upside. Now the price action is retesting the price level resistance as support at $39500. If the price will be close below this support then it will be critical.   Rising Wedge: If we place some trend lines, then it is identified that the price action has also formed a rising wedge pattern on the daily time frame, which is a bit critical because it is considered as a bearish reversal pattern among the trader's community. If the price action will be moved at the support of this rising wedge pattern, then it can reach $38,000. A...