Posted in: Featured, Technical Analysis

Swing Trading: The Elliott Wave and Market Mindset

Swing trading can be better utilized by understanding how and where the Elliott Wave theory and market psychology come together. Swing trading is a trading strategy that profits from market fluctuations going from the lows to the highs — and vice versa — of each price wave. This strategy implies that you keep your orders […]

Posted in: Technical Analysis

BTC/USD Poised at $10,000 as Global Markets Continue to Slide.

All eyes now on Bitcoin’s former psychological resistance of $10,000 and whether it becomes a key level of support. Bulls are likely buyers here, anticipating Bitcoin’s price to hold above its 200-day exponential moving average (EMA) and the important psychological level of $10,000 at the bottom of the blue support zone. Bears may be anticipating […]

Posted in: Technical Analysis

BTSE Token Retreats Shy of $3 as Global Markets Tumble

After a sharp rebound from last week’s sell-off, BTSE Token is again under pressure as global markets fall. Bulls might be buyers on weakness here, with last week’s spike low of $2.261 now in focus as an important level for market sentiment. A sustained break below this level might be perceived as bearish by some […]

Posted in: Technical Analysis

BTC/USD at $12,000 as Bulls Regain Control

Bitcoin is well bid as it stages another assault of the final orange resistance zone before $20,000. Bulls will note that the 14-day RSI bounced again at the key bull market support zone shaded in blue. They may also note the initial signs of a breakout in the 1-month RSI downtrend, perceived by some traders […]

Posted in: Technical Analysis

BTSE Token Pulls Back After August Rally Hits Record Highs

BTSE Token corrects from new highs amidst broader crypto market sell-off. This week saw BTSE token “false break” its previous all-time high of $2.80, sometimes perceived by traders as short-term bearish price action. Those with a bullish bias might reject the notion that the prior intraday high of $2.80 has any significance at all. Bears […]