Bitcoin (BTC): Volatility Squeeze

10 thg 5, 2018

Bitcoin has been trading sideways for the last three days. In the previous update we were anticipating a move to 9600. The price may still be on its way there, but we need a confirmation to be on the safe side. The confirmation criteria to go long now is the break of 9365 level. Meanwhile, volatility has droped to the lowest level since May 3 - the day when the price broke out from the Triangle. Such low volatility makes me expect a sharp move from here. There are a couple of bullish setups in altcoins, so the confirmation on this chart will trigger them too.

10 thg 5, 2018

Ghi chú

Bullish Flag in Dash targets 468:

10 thg 5, 2018

Ghi chú

BTC: We need an hourly candle close above 9365/75. The previous hour closed below the signal line. No breakout yet.

10 thg 5, 2018

Ghi chú

BTC: The market is dead in terms of volume. Consider taking a break if you are looking for high probability setups.

10 thg 5, 2018

Ghi chú

Pay attention to this possible Ending Diagonal formation. Out of market for now, optimal Buy Zone specified:

10 thg 5, 2018

Ghi chú

BTC: Great Ending diagonal thrust. We have entered the buy zone. Want to see a confirmation of bullish interest before jumping in.

10 thg 5, 2018

Ghi chú

No safe buy signal. Better stay away for a while.