Will you buy in?

After a continuous rally with expanding volumes in the past 2 sessions, BTC moves back above MA 5 and a minor correction is initiated from the resistance at $8,700.

Judging from the volumes and momentum, however, strength from bears keeps weakening, indicating that the short-term uptrend remains intact.

Please note that any adjustment to price during uptrend after sharp dips is normal, there is no need for investors to worry about another wave of downtrend.



The market just can’t keep dipping all the time and it will remain under the control of bulls before momentum from bears grows strong in the short term.

No more bearish news comes from G20 summit for now, technical factors will dominate the market as fundamental factors remain stable and neutral.

Price will keep moving sideways for another 1-2 days after a continuous rally. We can wait for the counterattack by bulls.

Original by AICoin Jami, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/17878.html

BTC experiences a continuous recovery in price with expanding volumes on daily chart, indicating that a short-term bottom may have been formed.

Some panic investors dump their chips during rally, which will set free some floating funds on the market. Momentum from bears has already been weakening, making it likely for price to continue climbing after the pressure from sellers is released.



Resistance at $8,800 must be cleared if price intends to move towards $9,500. We’ll talk about how high price will climb to after the strength of momentum from bulls is confirmed.

Overall, chances for short-term trading will emerge after most coins have dipped so much. It is quite normal for price to correct higher after a deep dip.

Rally, however, does not mean the change in overall bearish sentiment, on the contrary, it will lengthen the cycle of bullish period, which can’t be avoided.

Original by Kuang Ren, translated by AICoin Jami.

Full-version analysis is available here: https://www.aicoin.net.cn/article/17733.html

Price remains stable on daily chart, the market seems to be preparing itself for next storm, will G20 summit be the igniter?

Can't agree more, indeed, we are all bulls, though some of us may go short sometimes, overall, we still expect the price to climb as high as possible.

I guess you are also waiting for the deep dip just like me, right?

I am not sure whether new investors are rushing into the market.

Price remains consolidating, as we haven't heard major bullish news so far, is it possible that BTC will drop to 6K or even lower if bears threaten investors? Though we can expect a strong support at former low at $6K.

As you can see, BTC surges a few hours ago with considerable volumes, does it mean BTC will stop dipping?

See the full-version analysis by Kuang Ren:

Price continues slumping after consolidation, now it has declined by more than 20% from $10,000 to around $7,000, which arouses panic among investors with such a fast rate.

In addition, bearish views from some celebrities almost drive panic chips out.

Take a look at the hourly chart:



The range that price has been moving in is broken with expanding volumes, which can be referred to as an effective breakout.

According to our selling rules for breakout, the first window to dump your chips comes when price breaks below the range, if you miss it, you can also clear your positions when price moves back to the lower end of the range.

Meanwhile, the slump during last session opens the door for next round of downtrend, which makes it effective to sell your holdings every time price moves back to MA 5, investors without any stock can still wait with patience, being cautious and conservative is highly recommended.

BTC bounces with weak strength at current level, bulls also show weak momentum to push price up, bears, however, are taking a rest after a continuous downtrend.

Judging by current price action, my analysis that BTC will consolidate around current price without any major rally stays the same.

Moreover, no one will dump their chips unless there are major bearish news waiting ahead, making it very likely for price to continue dipping after a repeated oscillation pattern.

Besides, once BTC dips below the floor at $8,500, price holds great chances to move towards $6,000 or even break below it. Being cautious is still recommended.

Original by Kuang Ren, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/17114.html

The downtrend remains intact as price fails to effectively move above $10,000. We can pick out some common features on daily chart:



Firstly, price rallies after a sharp decline and dips below MA 5 with expanding volumes later after a fake breakout above MA 5.

Secondly, price fails to form a double bottom formation in all blocks though it bounces after the first bottom.

Finally, range of dips after rallies is almost the same and prices are cut by nearly 50%.

They also have some different features, the strength of every rally after dips is weakening, besides, people daring to buy at the bottom price are becoming less and less.

If there’s another cut by 50% in the future, I believe very few people will still have the courage to take the cheapest chips over.

BTC will continue oscillating within the block for a couple of days as price rallies with shrinking volumes on daily chart today, which lines up with our previous analysis.

The only difference is that the range of oscillation has been narrowed, making it easy for us to draw a conclusion that bulls lack the momentum to move upwards, the possibility for price move above $10,000 will decrease and it’s more likely for BTC to resume the previous downtrend.

If there’s another wave of sharp decline by more than 50%, I believe price will make it to the final bottom of current downtrend. By that time, huge panic chips will be dumped, belief in BTC will vanish and price will not attempt to initiate any rally.

Overall, price holds greater chances to continue going south after oscillation and is less likely to effectively remain above $10,000 and move upwards.

Original by Kuang Ren, translated by AICoin Jami.

Check the full version here: https://www.aicoin.net.cn/article/16987.html

Last night, BTC started climbing with expanding volumes around 19:30 and regained the control over MA 5, which was almost the same as what I’d stated in my last analysis. However, the weak momentum indicated that it’s a normal rally. Until now, we haven’t got enough information to confirm whether price will effectively remain above MA 5 or not, which leads us to a same conclusion that the breakout is fake.

It seems price holds greater chances to repeat the move pattern, before BTC moves above $10,000 effectively, I believe the downtrend will remain intact, when it does, it will turn oscillating.

Original by Kuang Ren, translated and posted by AICoin Jami.

Check the full version here: https://www.aicoin.net.cn/article/16835.html

 Price receives more pressure from MA 5 this time and the momentum supporting price for an uptrend is obviously weakening, which can be seen as the signs bears are using up their bullets as strength of rallies after dips is becoming weaker and weaker. Your idea?‬

a low was formed at $9,400 with expanding volumes and a lower shadow yesterday. Today, BTC starts a minor rally without breaking below the low, indicating that price receives effective support around that price, short-lived as it is, we can still draw a conclusion that momentum from bears is weakening. In terms of volumes and momentum, however, bulls keep silent, making me believe that a minor bounce seems more reasonable. After reaching to MA 5, price will keep dipping as the overall trend remains bearish.

Original by Kuang Ren, translated and posted by AICoin Jami.

Check the full version here:https://www.aicoin.net.cn/article/16384.html

I'm trying to read as many technical analysis as possible, so is there anyone who can help to provide the website for high-quality articles? Thanks a lot/

BTC has been gathering momentun since price failed to break above $12K on February 20 and 21, will BTC make it this time though we haven't seen enough volumes to support the uptrend for now.

As price remains oscillating, we don’t have much to say about the price action. But apparently, the uptrend today remains weak since we haven’t seen a continuous expansion in volumes, meaning that price will keep oscillating within a narrow range in the next few sessions with resistance between $11,500 and $11,800. But the target at $12,500 is clear and price will keep moving towards the major resistance until major bearish news emerges.

Original by Kuang Ren, translated and posted by AICoin Jami.

Feel free to leave your comments below

Since the ban on ICO and exchanges released by Chinese government on September 4, it seems investors from Chinese market have very limited influence on the global BTC price, do you agree? Share your comments below.

From 9:00 AM to 3:00 PM, BTC price changes by 1%, it's really driving me crazy.

See the analysis by Kuang Ren here:

Price shows weak strength for another uptrend and lacks momentum to pull price down after being stopped by the support at $10,300, indicating that BTC will move between $10,300 and $11,000.

Both bulls and bears are waiting for the motivation as price remains extremely stable. But the continuous consolidation pattern at current level is good for the upcoming upward move against several strong resistances.

The price action after uptrend will decide whether BTC will retest the bottom or not.

Original by Kuang Ren, translated by AICoin Jami.

Yes, RSI seems useful in terms of overbought or oversold condition.