GoldBands

07:00

GoldBands

August has brought with it a new bullish move in BitCoin. After selling off in July, the bottom of $9,100 has held for now and price is moving higher though the fib ladder. Additionaly the 21 HMA has turned green and price has pierced through the 50 HMA, all suggesting that another bull leg may be starting. (This is not investment advice. It's just my take on...

01:57

GoldBands

In this third part of the bitcoin price analysis, I go over the measured move to reveal a bearish price target of $7,250 which coincides with the fibanocci analysis I did in the first part of this series.

09:41

GoldBands

In this second video for today, I finish going over the chart for Bitcoin, showing how I use the Hull Moving Average in my analysis.

10:04

GoldBands

Here's the first of 2 videos where I go over my current though process on the technical analysis of bitcoin.

GoldBands

Bitcoin fell below the $9,500 support range and is struglling to get back above that key support level. The bottom of the current range is around $9,070 and if that doesn't hold the next major support level is $7,600.

GoldBands

Bitcoin, Litecoin and VeChain are all breaking through their short term support levels today. Bitcoin looks headed down to the 9,500 level and with the 4 hour Squeeze indicator turning dark green, price looks very bearish. Litecoin is just about at it's next support level at $87. The squeeze indicator has also turned dark green so some selloff is expected at this...

GoldBands

On a day when most of the crypro world is in the red, VeChain has maintained is move up, now engaging with the 100 EMA on the 4 hour chart and the 21 EMA on the daily chart.

GoldBands

Bitcoin sold off this morning to 10,144, right into a support zone. Price has been unable to break above the EMAs. If this support area holds, there will be a nice Head and Shoulders pattern, which would put the next move up to the resistance level at just under 12,000. If support does not hold here, then I would be looking for another price drop to the 9,000 to...

GoldBands

Bitcoin has been consolidating for 4 weeks since the last big run up. Price has found support @ .764 fib, the breakout point of previous resistance. So is this the end of a 4 week consolidation / bull flag period? This week’s doji still looks much stronger than any other of the top alt coins, with only Litecoin showing any signs of strength. This could be good...

GoldBands

The Squeeze indicator is turning green on the 4 hour XRP chart and the 21 period EMA is poised to cross over the 50 period EMA. Price is moving up into a band of resistance, capped by the 100 EMA. Definitely a battle zone ahead between the Bulls and the Bears that could end up forming a bullish cup and handle pattern. (Not investment advice)

GoldBands

Bitcoin and Litecoin push higher breaking through key resistance on the moving averages on the 4 hour charts. The CBG Squeeze indicator has also turned green on Litecoin.

GoldBands

The 4 hour bitcoin chart shows a potential cross of the 50 and 200 EMA. While many are saying this will leading to a big move (could be either bearish or bullish), the facts don't point to such a reality. Scroll to the left and see for yourself. While sometimes it does lead to a big move, at other times it leads to just more consolidation. For me, the big...

GoldBands

As price moves sideways through the range, notice how each change of direction lines up with the midpoint change in the squeeze indicator. I’d like to see price move to the top of the current range and break the 11,500 level.

GoldBands

Bitcoin pumped higher today off of it's lows, finding support @ $9,280. That level is supported by the .764 fib and the 75 day EMA (faint blue line on the MAs). I don't usually show the 75 EMA but it's so obvious here as the halfway point between the 50 and 100 day EMAs that I had to include it. For the bull rally to continue, price needs to break and stay above...

GoldBands

Bitcoin's price recovery today shows it's continued dominance over the other top alt-coins. While XRP has showed some strength earlier in the day, it finished the day in red, along with LiteCoin and Ethereum.

GoldBands

Bitcoin made a strong recovery today, after falling to the .618 fib level over the weekend. The selloff saw price fall just below the $10k level. Support was also given by the 50 day ema. During Monday's trading, price paused at the 50% retracement level and now seems poised to hit the .38 fib @ $11,444. Getting to that level will mean pushing past the 21 day...

GoldBands

If the 50% fib holds, a reverse H&S pattern could be setting up on the daily timeframe. I think this is a low probability and there’s no buy signal yet. The top alt coins on the right, priced against bitcoin, look very weak. No buy signals there either.

GoldBands

Bitcoin failed to hold support and has dropped sharply past the 50% fib. Price looks headed to the 618 fib level with strong confluence with the $10,000 level and the 50 day EMA. You can see the top 3 altcoins on the right and they are not doing any better than bitcoin.