Tag: Pattern

Bitcoin Could See $18,000 Should Breakout Occur, Pattern Suggests

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Bitcoin Breakout Could Send it to $13,000… or $18,000 Again, Bitcoin (BTC) volatility has dropped through the floor, with the cryptocurrency finding itself trading within $10,500 to $11,000 for over a day now. While some suggest that the lack of positive price action is a sign of an impending secondary drop, during which some analysts expect Bitcoin to fall under $9,000 and maybe even $8,000, BTC may just be preparing to break out. Per a chart from Nunya Bizniz, Bitcoin’s four-hour candles are currently trading in a bull flag, which…

Bitcoin Price Eyes Chart Pattern That Kicked Off Bull Market in 2015

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View Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market. This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross. Prices could rise to $8,400 in the next 24 hours, having witnessed a…

Bitcoin (BTC) Founder, Satoshi Operates from The Eastern Coast of USA, Sleep Pattern Analysis Reveal

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It’s all about Satoshi Nakamoto. The brains behind the world’s most valuable coin in Bitcoin. Exchanging hands at $5,423 and with a daily trade volume of $19,123 million while commanding a market cap of $95,792 million, everybody—even governments and detectives, but more so the blockchain and Bitcoin community want to know who the genius was. Despite efforts and countless hours of detective work, Satoshi has been largely successful in becoming elusive. Fortunately, determined blockchain “detectives” are closing in and Jameson Lopp believe Nakamoto is an individual who coordinated his activities…

Touted Bottom Pattern Won’t F**k Bears, But Bitcoin (BTC) Bulls Instead: Analyst

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Textbook Bottom Indicates Bitcoin Is Ready To Rally Take a look at the two images below. On the right is an excerpt from the “Encyclopedia of Chart Patterns” by Thomas Bulkowski, which shows something called a “bump-and-run reversal bottom,” or BARR bottom for short. On the left is Bitcoin (BTC)’s one-week chart stretching from last August to now. Notice anything? Well, if you couldn’t tell, the pattern depicted on the right, which shows a series of higher lows, a massive sell-off on the back of monumental selling pressure, a zone…

Bitcoin Price Hits 5-Week High With Chart Echoing 2015 Pre-Rally Pattern

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View Bitcoin jumped to a five-week high of $4,100 earlier today, reinforcing the bullish view put forward by the recent bounce from the crucial 30-day moving average support. That, coupled with the flag breakout on the 4-hour chart, indicates scope for a re-test of $4,190 (February high). The short-term bullish case would weaken if prices fail to close today above $4,055 (March 21 high). On the downside, a bearish reversal would be confirmed if and when prices find acceptance below the 30-day moving average, currently at $3,900. Additionally, bitcoin’s 200-candle…

Bitcoin Price Charts Echo Pattern Seen Before 2015 Bull Market

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View Bitcoin’s drop from a record high of $20,000 clocked in December 2017 has ended up creating a falling channel similar to the one created in the 18 months leading up to the long-term bullish reversal seen in October 2015. If the same sequence of events unfolds, BTC could see a channel breakout later this year. An early move out of the falling channel cannot be ruled out, but may not yield stronger rally while the crucial 21-week moving average is trending south. The short-term bullish view put forward by…

Bitcoin Price Pattern Hints at Short-Term Rally to $4K

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View Bitcoin has backed off 4 percent from three-week highs seen on Friday, but looks to have formed a bull flag – a bullish continuation pattern – on the 4-hour chart. A move above $3,630 would confirm a flag breakout and open the doors to $4,000 (target as per the measured move method). Acceptance below the lower edge of the flag, currently at $3,546 would weaken the short-term bullish case. That, however, looks unlikely, as the path of least resistance is to the higher side, according to Friday’s high-volume falling…

Ethereum Price Analysis: ETH Forming Bearish Continuation Pattern

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ETH price stayed below the $107 resistance level, with bearish signs against the US Dollar. There is a major bearish pennant formed with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate losses below the $100 level if there is a bearish break below $103. Ethereum price is forming a bearish continuation pattern against the US Dollar and bitcoin. ETH/USD remains at a risk of more losses as long as it is trading below $107. Ethereum Price Analysis Yesterday, we saw a…

Fractal Pattern Analysis Indicates Bitcoin Could Fall to $2,500 Before Recovery

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Chart and pattern analysis has been widely used to try to predict when Bitcoin and crypto markets will hit the bottom. A huge range of technical indicators combined with historical snapshots are put to work in order to tell us when the optimum time to get back in is. The latest price prediction tool is a fractal which is when a pattern repeats itself on a smaller scale. Fractals can be seen in all forms of nature and are repeated in financial markets. Mathematical patterns and an element of chaos…

Looking North? Bitcoin Price Dip Forms Bull Flag Pattern

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Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum has weakened slightly in the last 36 hours. As of writing, BTC is changing hands at $3,995 on Bitstamp, having clocked a low of $3,934 earlier today. The 3 percent correction from two-week highs, however,…