BTC has been rallying since the bottom at $6,600 is confirmed. Now that price has moved to above $7,300 with strong expansion in volumes, we may say that an effective counterattack has been initiated, making it mostly likely for bulls to challenge the resistance at $7,700 in the short term as price holds great chances to continue moving upwards.

If you take a close look at how price moves on daily chart you will find that a minor floor will be formed during a certain period, besides, price will continue dipping after rallying to the resistance provided by last floor whether rally receives support from volumes or not.



That’s the reason why I believe $7,700 will be the ceiling after price has been forming another floor in the past 4 sessions, now it’s easier to tell how BTC will move in the short term.

We believe price will correct higher to $7,700 to $8,000, selling on surges is recommended if the overall trend remains intact.

We may also say that bounces are the root cause for lengthening bear circle as price will continue dipping after every rally during overall downtrend.

Original by Kuang Ren, translated by AICoin Jami.

BTC fails to dip below $6,600 effectively, if you’ve learnt to use my theory of selling at breakthrough point, decent profits should be easy to make. Take a look at hourly chart:



BTC has been remaining supported at $6,600 in the past 3 sessions, volumes obviously shrink today, making the dip below $6,600 not an effective breakthrough, or we can say it’s fake.

Later, an upper shadow just brings price back above $6,600, bulls are temporarily guarding important levels and lack the momentum to initiate a reversal in trend as volumes remain low.

The minor bottom formed at $6,600 is expected to witness an oscillating rally, which is believed to lengthen the period of downtrend, if price manages to hold above it.



As mentioned in my previous analysis, strength of such rally will be limited, making it possible for price to remain above $6,600 in the past 3 sessions.

Volumes during current uptrend remain insufficient, indicating that the range of a short-term rally will be small.

$7,700 will be the ceiling for a rally as bullish momentum is limited and the overall downtrend remains intact, making it profitable for daily traders.

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

Price still receives pressure from MA 5 on daily chart, though we’ve seen a minor rally on March 28, as mentioned in my previous analysis, BTC is expected to continue dipping as rally lacks the support from volumes.

The story repeats today, even if price has moved to the former strong support, bulls still show no intention for a counterattack, now it’s only a matter of time before price continues moving downwards.



Struggling around support seems to be meaningless as such pattern can be basically interpreted as a normal bounce. Overall, there isn’t much room for us to operate.

The market won’t recognize the price until bulls counterattack, light positions are still recommended. Besides, other major coins are correlated to BTC in price action.

Original by Kuang Ren, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/19176.html

BTC experiences a volatile session as price surges at noon after slumping with expanding volumes in the early morning.

Though price gets really close to $6,000, we’ve seen no signs of dumping chips so far as indicated by price action on daily chart.



Even if bulls counterattack, rally remains weak as bears still dominate the market. Bottom can’t be reached to for now even bulls manage to push price up.

Light or empty positions are still recommended.Volumes during current downtrend is clearly lower than that of last round, indicating that price will receive strong support from the major support at $6,000.

It takes time for the support at $6,000 to be digested, thus making it possible for another wave of rally to be initiated near $6K.

Daily traders is estimated to push price up before it falls to 6K, bounces caused by such behaviors are believed to be as weak as usual.

That’s why the target should be set at MA 5 for now. Price holds greater chances to initiate minor rallies in the next few hours, the overall downtrend remains unchanged.

Sorry but bear is still there.

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

Full-version: https://www.aicoin.net.cn/article/19096.html

Price dips again after testing MA 5 as we’ve also seen no support from volumes. Now that price chooses to keep going south, bearish sentiment will dominate for a bit longer.

As mentioned in my previous analysis, window for rallies will be opened every time price experiences a continuous slump, I believe we’re about to see another window very soon.



Besides, range for current downtrend is smaller than that of last round on daily chart, which also applies to range of rally, leading us to believe that if investors are becoming more and more cautious, a real bottom will be getting more and more closer.

I come to this conclusion based on the 3 reasons as below:

Firstly, both rallies and slumps are getting less positive, we’ve seen signs of bottom formation.

Secondly, lots of investors still believe price will slump to lower prices again, they’re waiting to buy in at $5,000, $4,000 even $3,000.

Lastly, volumes of OTC expand significantly, those possessing large quantities of BTC believe it’s favorable to collect chips at current level, psychological bottom of market is being built.

Therefore, downtrend will dominate the market in the short term, a minor rally is expected to be initiated if there’s another major slump ahead, range, however, will remain small as it’s capped by MA 5 on the upside.

Original by Kuang Ren, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/18935.html

Lower shadow on daily chart is swallowed because of the selling on dips at 7 am. BTC is expected to rally because of the strong support, it turns out that bears seize the very moment and initiate a precise strike at a key time point, making it extremely difficult for bulls to fight back.

Though price witnesses a minor rally on daily chart, volumes, however, remain low, indicating that bullish momentum will stay weak though price is near the strong support.



Also, weak rally means downtrend will dominate price action and price will move downwards along with MA5.

As marked on daily chart, every time BTC bounces without an expansion in volumes, it will keep dipping after that, making it wise to be cautious when price bounces under MA 5.

For long-term traders, positions can be set up from now.

Original by Kuang Ren, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/18795.html

Minor attacks initiated by bears continue emerging on hourly chart, the market is dominated by bears as we’ve seen no resistance from bulls so far.

Some investors believe bull market is near the corner, but it doesn’t make sense to me in logic. If price surges from here, main funds have no profits to make, as we all know, they will remain control over the market before they maximize their profits.

Volumes remain low on daily chart, indicating that even bears are not as determined as expected. Currently, price hovers around a short-term support, making it possible for price to continue oscillating move.

But if bulls remain silent and take no further actions, support will be digested and a major dip will take place after that.

Here comes the short-term conclusion, basically, price will keep oscillating, if BTC fails to surge after having been moving sideways for a long time, downtrend will be the main story.

Original by Kuang Ren, translated by AICoin Jami.

BTC has been hovering around $9,000 for a whole day, judgng by the volumes, however, BTC is believed to effectively break $9,000 and test $9,500.

Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.

Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.

When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.

Original by Kuang Ren, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/18038.html

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?

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.