Tag: stocks

Loading...

Bitcoin broke below the $6,235 support and is now testing the $6,115 support. This is a key area that needs to hold. If price decisively breaks below $6,115 (especially if the prior $6,040 low is taken out), it will likely drop to at least $5,800. The 4 hour RSI is extremely oversold. This suggests a…

Loading...

Looking at the big picture, we can see bitcoin continues to get squeezed within a tighter and tighter range. This suggests a new trend should be established by the end of November, but no later than mid December. The monthly LOG scale chart reveals price has nearly reached the larger ascending support line. This also…

Loading...

Bitcoin strongly broke above the $6,360 resistance we were watching these past few days. It found new resistance around $6,450, which as discussed yesterday, coincides with the prior order block. EOS also broke above the $5.45 resistance we were watching. It now seems to be consolidating around $5.50. In today’s video analysis I discuss, what…

Loading...

EOS broke down and out of a bearish rising wedge and seems to be looking for support. I’m watching the prior order block around the $5.26 support for a possible bounce/reversal.  Zooming out on the daily chart, we can see EOS continues to trade within a tighter and tighter range. Price was rejected at the 21…

Loading...

Bitcoin continues to trade within a smaller and smaller range. It was unable to decisively break above the $6,360 resistance. It’s now falling and looking for support. I wouldn’t be surprised to see a bounce somewhere between $6,300 and $6,250. The daily RSI is also getting squeezed within a larger wedge, showing a series of…