Hello everyone. Welcome to the Bitech cryptocurrency market overview. It’s been a while since my last post. Let’s have a look at what’s going on the crypto markets.
I’ll start with Bitcoin as I always do.
$BTC managed to go above the key pivot and ran straight to the new all time high. What a market!
Price broke up from the descending triangle with decent volume and re tested it after Elon’s candle. According to the classic chart pattern target is around $44700 and this was our target, well done gotta say. Staying flat right now. Doing binary options at Bitech’s OptiPro module.
Here is an example of how to trade this pattern.
Let’s move on to the CME $BTC chart.
On the CME chart two unfilled gaps still. Bottom one around $18000 concise with VPVR support. If we get there, it will likely be bear market.
Let’s move to $ETH now and start with the daily chart.
We are at new highs as I told in the last market review. Frankly, personally I don’t like how it looks. Heavy bearish divergence during last month on the daily scale. I think a big dump will come to us sooner than later.
Let’s move on 4h time frame.
Price below broadcasting wedge still. I think this wedge is out of play now. Don’t like how’s charts look, I’m out of crypto for now. Will keep you noticed if I decide to get back in.
Encyclopedia of Chart Patterns
Stay safe guys! Wait for something significant to jump in the trades.
Of course I’ll play over binary options at Bitech’s OptiPro module as usual.
If you haven’t taken a look at the OptiPro module at Bitech.pro for binary options yet. Don’t hesitate and sign up.
Trade safe with
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Disclaimer: This is not financial advice. All content for entertainment purposes.