Filed under Bitcoin

Price of Bitcoin pulls back from yesterday’s high of $452+

April 22, 2016 10:26 am Published by Leave your thoughts

The price of Bitcoin retraced from yesterday’s high of $452 to $443 today on the 22nd of April, 2016 declining -1,99%. It has currently formed a nice hammer on the BitstampUSD chart and while there is still more room to go down on the Slow Stochastic oscillator along with MACD and RSI, the overall feel is very bullish and looks like we’re currently around a good place to go long once again. Bullish Bitcoin getting everyone excited Given that the price of BTC has been moving rather slowly for the past couple of months, it’s no wonder that there’s an increased activity... View Article

Bitcoin bullish, rising for two days from $433 to $445+

April 21, 2016 7:26 pm Published by Leave your thoughts

It looks like the three mysterious flash crash/recoveries on the BitstampUSD chart had absolutely no effect on the overall market as BTC is yet again strongly bullish with a slight hint of a small retracement on the horizon as the stochastic oscillator (both fast and slow) are crossing in the overbought area at the time of writing this post. Check it out: Will Bitcoin reach $500? By lurking on the Bitcointalk forums it has become apparent that a lot of people are expecting it to reach at least $500 by the time block halving happens, but after that the opinions about the future... View Article

Bitcoin just flash crashed -10.93% and then recovered again… twice in 3 hours

April 16, 2016 11:44 pm Published by 1 Comment

Something strange just happened to the price of Bitcoin where it rapidly fell from $430 to $383 in just an hour and then recovered again only to go on round two just an hour of standing relatively still. At least that’s what the Bitstamp charts are saying. Have a look: What’s happening on Bitstamp? Well, something had to cause this and I have to admit I jumped a little when I saw this just now, but it appears it only happened on Bitstamp as Bitfinex, Kraken, CoinBase and BTC-E seem to be completely oblivious about it. Still, knowing that there are a lot... View Article

Is 420 the new floor for Bitcoin?

February 19, 2016 10:33 am Published by Leave your thoughts

Bitcoin sure likes to blaze it or so it would seem. The price is back around the 420 area where it reached in November 2015. Ever since the Mike Hearn news, Bitcoin has been struggling to break the $400 resistance, but it finally managed to do so just in time for Valentine’s day and while most speculators on BitcoinTalk tend to agree that this is the new floor for the crypto, I’m a little worried about the head and shoulders pattern that’s forming on the hourly charts. Head and shoulders on 1H As I’ve stated before I’m a Bitcoin permabull and... View Article

Bitcoin slowly recovering after Mike Hearn news in January

February 14, 2016 11:44 am Published by 1 Comment

In the first weeks of January 2016 a leading Bitcoin developer Mike Hearn announced to the world that Bitcoin is dead and broken. In his article he talks about how the community has failed and how the Blockchain technology can’t reliably handle too many transactions at once. He also mentions that the market is controlled by Chinese miners and just two miners control more than half of the entire hash power. Naturally this announcement caused a network wide panic as people were worried Bitcoin is done for good this time. Bitcoin’s death greatly exaggerated After the usual media shitstorm and... View Article

Bitcoin breaks the 400 resistance as identity of its founders is revealed

December 9, 2015 3:35 pm Published by Leave your thoughts

Bitcoin just broke the 400 usd barrier shortly after rumors about the revealed identity of the Bitcoin protocol founder were released on the internet. According to Wired and Gizmodo, the mysterious man behind Bitcoin, Satoshi Nakamoto, is in fact an Australian  entrepreneur Craig S Wright. Bitcoin stable around 420 The sudden $16,50 USD jump in Bitcoin price quickly found stability around the 420 USD per coin area today where it has been hovering for pretty much the entire day showing signs of further upward momentum. Is Craig S Wright really Satoshi? The evidence provided so far can’t be used to... View Article

Bitcoin just tested the $400 USD area again

December 7, 2015 4:15 pm Published by Leave your thoughts

Ever since my last post about Bitcoin more than two weeks ago, I have been keeping a close eye on the price movement and the news as well. Judging from the chart alone, it’s highly possible that Bitcoin will soon break the $400 resistance level, because it has tested it twice already in the last two days and today’s hourly candle closed a lot closer to this level than the previous. The technical analysis is definitely showing an increasing pressure from the bulls, but that’s not all! The news have been very favorable as well. Visa is Testing Remittances on... View Article

Is Bitcoin getting ready for another bullish rally?

November 16, 2015 10:22 pm Published by 1 Comment

After almost two weeks of sideways movement we have once again started to see “strange” movement on the BTC/USD pair. A massive dump yesterday, then a couple of hours of sideways movement followed by a massive bullish candle almost exactly the same size as the dump indicates that something is indeed brewing in the Bitcoin world. The recent Bitcoin rally that peaked around $520 USD per Bitcoin on November the 4th, may have just been a prequel for what’s coming. Japan as the next pump The previous pump was initially started by the Chinese investors when their economy ran into... View Article

What is BitGold and why should you care?

November 7, 2015 11:04 am Published by Leave your thoughts

BitGold is a new online payment processor, sort of like PayPal, where your funds, transactions and savings are backed by physical gold instead of being just a number on the screen. The gold you own is stored in one of more than ten vaults around the world and if you want, you can redeem your physical gold at any time in the form of bullion. Founded in 2014 by Roy Sebag (former head of PayPal Canada) and Josh Crumb, BitGold is currently operating in 166 markets with over 320,000 registered accounts and growing. What’s the significance? The first I heard... View Article

Bitcoin declines -20.5% after this week’s insane bullish rally

November 6, 2015 3:24 pm Published by Leave your thoughts

Bitcoin rallied all the way to $459,200 on the charts of BTC-E and even broke the $500 barrier on Bitstamp this week after the last weekly candle from October closed nicely above $304,300 resistance level indicating more bullish movement. It didn’t take long for a panic buying frenzy of massive proportions to take place shortly after that. Everyone wanted to get in early in fear of missing out. Sudden decline Bitcointalk was teeming with investors and traders speculating on the price of Bitcoin and the vast majority of people agreed that this is going to be a serious breakout. Even... View Article