$66K Bitcoin in South Korea... US Next? (Apr 6 Forecast) Bitcoin traded sideways again on Monday to start off the week, dipping early in the trading session before the buyers stepped in, eventually closing the daily candle just below the $59K level once again. This is a bullish somewhat long-legged doji as Bitcoin continues to exhibit resilience as it flirts with the $60K resistance region, which has already given way on at least one Asian exchange. (April 5, 2021 8:30PM…
ETH Next Stop $3,000? (April 7 Forecast) Ethereum rallied again on Tuesday, following through on Monday's breakout above the $2,000 level and rallying up to the current new ATH around $2,150 before pulling back a bit, closing the daily candle around $2,090. This is extremely bullish as ETH continues to grind higher and dips get bought up, leaving ETH plenty of upside to continue to explore. (April 6, 2020 8:30 PM EST) **Short-Term:** Ethereum resumes price discovery mode as…
Bitcoin Retracing to $50K? (Apr 8 Forecast) Bitcoin pulled back on Wednesday, dropping to about $55,500 before closing the daily candle just above $56K. This is a somewhat bearish candle as Bitcoin gets rejected from the $60K resistance level yet again and breaks below the short-term ascending trendline, pointing to another possible test of support around ~$51K before the uptrend resumes. (April 7, 2021 9:30PM EST) Short-Term: Bitcoin's fall likely had to do with the…
Possible Ascending Triangle Forming for Bitcoin? (Apr 9 Forecast) Bitcoin rallied a bit on Thursday, rallying up to the $58K level to recover most of yesterday's losses, finishing the trading session near the highs. This is a bullish turnaround as the bulls continue to buy any Bitcoin dip as we may be looking at another higher low before going into the weekend. (April 8, 2021 10:30PM EST) Short-Term: Bitcoin continues to gyrate in an increasingly narrow but ascending range.…
Bitcoin Dominance Won't Stay This Low For Long (Apr 12 Forecast) Bitcoin rallied a bit on Friday, perking up to about the $59K level before finishing the trading session just above $58K. We're closing out another week just under the major resistance level around $60K and an ascending triangle pointing to higher highs sooner or later. (April 9, 2021 8:30PM EST) Short-Term: Bitcoin ends the week at the end of another tightening ascending triangle near the highs. As you can see…
BAT Market Cycle Top: Is $10 Possible? (Weekly Forecast) Basic Attention Token (BAT/BTC) is in bull territory, rallying above the 50 Week EMA and reaching up to the 0.00003 level before finding some resistance, currently trading around 0.000024. BAT has recovered nicely over the past few weeks with a breakout above 0.00002 and the 50 Week EMA, giving BAT an initial base and levels of support before moving higher. (April 10, 2021 9:00 PM EST) **Outlook:** Since my last BAT…
Quiet Before the Bitcoin Tsunami? (Weekly Forecast) Bitcoin rallied a bit last week, starting the week off slow before picking up steam late into the week before reaching above $60K over the weekend, settling right around $60K at the weekly close. This is a bullish candle as BTC tests the $60K level once again, even if briefly, indicating upward pressure ready to burst. (April 11, 2021 8:30PM EST) **Short-Term:** Bitcoin looks ready to break out above the horizontal…
The $60K Dam is About to Break (Apr 13 Bitcoin Forecast) Bitcoin rallied on Monday, kicking off the week with a spike up to $61K before getting pulled back down, closing the daily candle just a hair under the $60K level. This is a bullish candle as Bitcoin continues to make higher highs and higher lows and possibly even forming a small inverted head and shoulders, repeatedly testing and retesting resistance at $60K; leading us to believe the dam is about to break to the…
The Dam Broke. Is $100K BTC Too Conservative? (Apr 14 Forecast) Bitcoin broke out on Tuesday, impulsively breaking above the stubborn $60K resistance level and rallying up to a new ATH around $64K, closing the daily candle just north of $63K. This is extremely bullish and precisely what we have been expecting lately, even calling for it last night. Now that we're back in uncharted territory, Bitcoin should have an open lane to $70K or possibly even $80 before finding any…
Ethereum Approaching Resistance, Sell Now? (Apr 16 Forecast) Ethereum rallied again on Wednesday, continuing its breakout above $2,000 as we surge to new highs, closing the daily session around $2,500, a new daily high. This is extremely bullish for ETH as it continues to gain as it is historically still very undervalued against Bitcoin. (April 15, 2020 8:30 PM EST) **Short-Term:** Compared to Bitcoin which is up more than 3x its 2017-2018 ATH, Ethereum is up less than 50%…
Bitcoin Remains on Sale... For Now (Apr 21 Forecast) Bitcoin recovered a bit on Tuesday, initially falling back to the 50 Day EMA just above $53K where Bitcoin bounced strongly again to close the day on a high note just under $56K. This is a bullish hammer candle indicating buyers underneath and a strong close to the day, showing Bitcoiners' willingness to buy dips, especially near support. (April 20, 2021 9:30PM EST) Short-Term: Following another overleveraged liquidation…
If ETH Breaks Above $2,800, Look Out (Apr 22 Forecast) Ethereum rallied on Wednesday, rallying to about the $2,450 level before pulling back a bit, closing the bullish daily candle just above $2,400. This is a bullish candle as we get another higher high and higher low to come within 5% of the current ATH. (April 21, 2020 8:30 PM EST) **Short-Term:** ETH has taken the reins in the crypto markets as we approach the current ATH around $2,550, a stone's throw away. We have the…
Bitcoin Falls Below 50 Day EMA. $45K Next? (Apr 23 Forecast) Bitcoin had a nasty fall on Thursday, getting rejected at the $55K level before falling hard, dropping under the $52K level and closing the daily candle at the lows. This is a bearish candle as Bitcoin has now broken below the 50 Day EMA which was been a surefire buy indicator in this bull market. (April 22, 2021 8:30PM EST) Short-Term: We're not in panic mode but we are acutely aware of Bitcoin breaking below the…
Weak Hands are Getting Washed Out of Bitcoin (Apr 26 Forecast) Bitcoin fell again on Friday, falling early in the session to about $47,500 before the buyers stepped in, bidding up Bitcoin to the 50 Day EMA where it was ultimately rejected, closing the daily candle around the $51K level. (April 23, 2021 8:30PM EST) Short-Term: Bitcoin had a somewhat bearish day as it bounced after falling to a short-term lower low but was subsequently rejected by the now-overhead 50 Day EMA…
Analysis: How Does Bitcoin Perform vs Top Tech Stocks? (TSLA, GME, AMZN, AAPL) Bitcoin has been known for having explosive bull markets that provide outsized gains, exponentially higher than traditional stock market indices. Crypto vs Stock Market Indices. As you can see in the below 2-year chart, the S&P 500, Dow Jones Industrial Average, and NASDAQ all barely appear visible at the bottom of the chart, looking virtually flat vs Bitcoin, which has seen three-figure…
Bitcoin Dip Buyers = Smartest Guys in the Room? (Weekly Forecast) Bitcoin sold off aggressively last week, dropping from about the $62K level down to about $47.5K over the weekend before bouncing, recovering a bit to just above $50K to end the week on a bearish note. However, we're off to a good start this week with Bitcoin finding buyers to buy the dip, taking us to about $53.5K early in the week. It's early to say but Bitcoin is looking like it's forming another standard…
ETH/BTC Approaching MAJOR Resistance (Apr 28 Forecast) Ethereum broke out bigly on Tuesday, printing an impulsive bullish candle above the $2,500 level and up to $2,700, closing the daily candle around $2,625. This is extremely bullish as ETH has broken out of its $500 range and above a resistance level that stood in the way between ETH and $3,000. (April 27, 2020 8:30 PM EST) **Short-Term:** ETH broke out against the USD and Bitcoin, reaching a new USD high and rallying to…
Bitcoin NEEDS to Hold This Line (Apr 29 Forecast) Bitcoin fell a bit on Wednesday, initially rallying just above $55K before pulling back, closing the day just under $55K with a small inverted hammer. This isn't a great-looking candle but what's important to note is the higher high and higher low. (April 28, 2021 8:30PM EST) **Short-Term:** We are back above the 50 Day EMA now so the real test will be to see if BTC finds support at the 50 Day EMA or falls back below it.…
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