Filed under Bitcoin

BTC/USD breakout today, showing signs of recovery

April 22, 2015 9:25 pm Published by Leave your thoughts

Bollinger bands breakout Todays Bollinger Bands breakout has been “boiling” for a few days now, but prior today the market was moving pretty much sideways indicating that the bulls were simply looking for the right moment to arise. I had my own long position opened on the 19th of April already, so I guess I was there a little bit early. Nevertheless, the breakout happened and as a result the market is starting to look a lot more bullish once again.   Currently overbought While there is still some room for the pair to gain, I strongly recommend closing your... View Article

Bitcoin weakens against the dollar in the second half of March, 2015 and how to save Bitcoin

April 2, 2015 11:48 am Published by 1 Comment

Bitcoin falls 17,07% in the second half of March, 2015 Well, I guess the “extraordinary” happened and Verto, the owner of Evolution Marketplace decided it’s time to walk away with $12 million USD worth of Bitcoins. You can read more about it in this wikipedia article. Normally I would say it’s time to start buying Bitcoins again because obviously the demand should now rise since less Bitcoins are now in circulation? No. I believe you can do this only for so long because eventually people will simply lose faith in the crypto currency altogether when every major marketplace either gets... View Article

Middle part of March 2015 Bitcoin vs USD Analysis and what to expect from the market

March 17, 2015 2:40 pm Published by 1 Comment

Our patience has paid off It’s the middle part of March 2015 right now, the sun is shining and signs of a long winter are slowly fading away. The beginning of spring seems to have helped Bitcoin reach equilibrium against the US dollar. We have closed quite a few long positions since our last Bitcoin related article and now it’s time to sit back and observe the market a little closer because we are bound to have some drawback right about now.   Bitcoin price in March 2015 We are reaching closer and closer to the overbought market condition which... View Article

Bitcoin gains 4.44% against the US Dollar in the beginning of February 2015

February 3, 2015 3:19 pm Published by 1 Comment

Bitcoin, you can do better than that At the end of last month I posted a quick overview on the price of Bitcoin and what it may have in store for us next month. We’re currently three days into February and BTC has gained a measly 4,44% after some insignificant downward movement that didn’t break any major support levels for us. Bulls getting stronger The daily pivot point along with three solid resistance levels have all been broken through today and the market is continuously making higher lows which indicates that the bulls have finally gotten bold enough to start... View Article

Too soon? Bitcoin moving sideways against the dollar – Market unsure

January 31, 2015 5:13 pm Published by 1 Comment

Too soon? A few days after my confident prediction that it’s high time to buy Bitcoin on the 27th of January post, I didn’t pay attention to the charts for days. Now, on the last day of January, I checked the charts again and to my disappointment the price hadn’t gone up at all- instead it came down -$24.. USD and has now decided to move sideways completely unsure of itself. I have a feeling a lot of traders are left clueless of the weird movement because we know for a fact that the first licensed Bitcoin trader is now... View Article

First licensed Bitcoin Exchange opening today. More trust in BTC likely to move BTC/USD higher this week

January 27, 2015 3:32 pm Published by 1 Comment

First licensed Bitcoin exchange opening The first licensed U.S based Bitcoin exchange will be opening later today which is great news for all the bulls out there because this move is likely going to bring back a lot of lost trust for the crypto currency, Bitcoin. While I am very surprised to see a move like that from the U.S I am happy it has finally been done. There are serious money involved and since it’s now licensed and approved in many states, the chances of someone running away with your coins has decreased a lot- therefore more people are... View Article

Bitcoin bullish breakout turning into a solid trend- more gains ahead!

January 25, 2015 7:11 pm Published by Leave your thoughts

Slow and steady gains The price of Bitcoin has been slowly recovering from the biggest drop we’ve seen since the year 2013. For the last ten days the price has steadily been moving upwards after a bullish breakout closer and closer to the resistance level at around 260.7 USD. I am fairly confident that at least up until this point there shouldn’t be anything that will stop the trend. We will most likely see some fallback around that level, but if all goes well the 260 USD mark will be broken at the end of January or early February.  ... View Article

Bitcoin slowly recovering from a massive price drop all the way to $167

January 16, 2015 12:03 pm Published by Leave your thoughts

Right now the lowest point BTC has reached is $167,125 USD per coin. Let’s hope it will stay that way!   But there are still a few mixed signals here. For example we all know that this bullish movement was inevitable simply because we have been dropping since the beginning of the month. As I mentioned in my previous post we have been lingering in the oversold area for too long.   So this bullish movement might not mean anything else other than a simple correction. Also if you notice how the second bullish top is a little bit lower... View Article

Bitcoin now worth less than 200 USD – Dropped from 225,703 to 190,309 in less than a day

January 14, 2015 6:19 pm Published by Leave your thoughts

Bitcoin now worth less than $200 The two hundred dollar mark has been breached earlier today when Bitcoin fell from 225,703 all the way through 200, briefly touching the $176 region, but getting some decent support around $180-$190 later. The drop seems much more significant now than it did yesterday when I suggested going short for short term. Nice round numbers like 200 are key points in all trading simply because people like these numbers. The breach below 200 just gave a pretty strong blow below the belt for all the bulls. Bitcoin mining not profitable Back when Bitcoin was... View Article

Second half of January not looking so good for Bitcoin

January 13, 2015 1:46 pm Published by 2 Comments

MetaTrader 4.0 As you can see I have finally updated to a better, more sophisticated software. The price chart looks a lot better now with a lot of custom features and I already looked into MQL4 programming language which at first glance seemed epic easy to master so keep an eye out because in the future I could create a trading robot for Bitcoin 😉   Other half of January It’s not looking good for the bulls- at all. The breakout since the early days of year 2015 has been harsh for the bulls. Bitcoin has now fallen from $317,3... View Article