Filed under Trading tips

Keep your eyes out for $7k in the short term

March 20, 2020 10:12 am Published by Leave your thoughts

In my earlier post I said Bitcoin is heading down. This theory was simply based on the Fibonacci’s sequence. However Technical Analysis in times like these is tricky. Free money from the government President Trump has announced that they will give every American $1000 for free in April. We all know the Federal Reserve has been printing more money to save the economy. Which means a lot of new money is introduced to the pool. Which means the value of said money will go down. There’s just more of it around. So much so that the government is going to... View Article

Well, it has been nice knowing ya’ll. We had a good run

March 13, 2020 11:42 am Published by Leave your thoughts

This is it guys. We are officially in a recession. And this time it’s going to be much worse than 2008. The great depression of 2020 Everything is down. The world is in panic, financial markets in free fall. When you see investors selling their Gold and Silver for cash they can use to hoard groceries, that’s when you know it will be a fucking massacre. In just a few days Gold lost almost -9%, BTC a whopping -55% and ETH -47%. Stocks are down so much that NYSE halted trading for the first time since 2008. Gaining momentum And... View Article

Bitcoin bears might be gone for good. Here’s why

January 7, 2020 4:40 pm Published by Leave your thoughts

First of all I’d like to wish a happy and prosperous new year for everyone reading ynef.net. I know there are a few regulars here. Cheers! 😉 I realize I haven’t been very active and I haven’t written anything for more than 6 months. Oof! But that’s okay. I just haven’t had much to say. But I do have something to say today. You guessed it, it’s about Bitcoin. I’ve been tracking the price movements every day for the past 6 months. Also I’m happy to say I could finally close my short towards $7k in profit. Kind of a... 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 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 hit the $420 mark and it doesn’t look like it’s stopping

November 3, 2015 10:26 pm Published by 2 Comments

The last time we saw Bitcoin around these levels was exactly one year ago in November 2014. We were just coming down from a down trend correction that peaked at $667,530 on the 25th of May as people were desperately trying to get rid of their remaining coins and we had no idea where it would stop. Then, less than a month later we finally hit the bottom at $200 where the price remained solid for almost a year, continuously dancing between $260 and $198. Strong news to back it up The first thing that comes to mind when you... View Article

Bitcoin holding steady over the highest point ever in the year 2015

October 31, 2015 2:15 pm Published by 1 Comment

In my previous post about Bitcoin I said that breaking $300 was important, but that was only important because it’s a nice round number and human beings like these sort of things. The actual level that needed to be broken was $304,3 which was the highest point Bitcoin had ever been this year and sure enough it managed to not only break this level, but stay above it steadily for more than 24 hours. As of right now, Bitcoin has not been this expensive in the entire year of 2015 so things are looking rather good! Unlikely a pump and... View Article

Bitcoin’s struggle to break the $300 USD barrier continues

October 27, 2015 12:23 pm Published by 1 Comment

While it’s true that the Bitcoin, at least in theory, should continue to climb against the USD in the coming weeks and months, we are once again finding some serious resistance from the $300. The most recent rally found resistance around the $296 area to be precise and when we look at the overall movement of the crypto currency through the entire year of 2015, we will see that it’s not the first time this has happened. Breaking $300 is key When you look at the chart above, you will immediately notice that we are right now testing the $300... View Article

Why the Bitcoin price started to rise in the second half of October?

October 24, 2015 7:33 pm Published by 1 Comment

Bitcoin has been struggling to stay above 230-240 USD for months ever since the bears washed away all of our expectations in August, but now, Bitcoin has started a new rally and what’s really exciting about this are the news. We have some serious and strong fundamentals to back up the technical analysis which is already indicating a clear breakout. Here’s why Bitcoin started to gain suddenly in the second half of October. Corrupt FBI agent charged with extortion Carl Force, a former FBI agent who was working undercover to help take down one of the biggest illegal marketplaces online,... View Article

Bitcoin price continues to tumble in the second half of August, 2015

August 21, 2015 1:12 pm Published by 1 Comment

Bitcoin started off August with a selling spree and while the price did stabilize for a week, we are now seeing even more intense selling taking place in the second half of August, 2015. As of right now all indication of a bullish market is now lost and the bears have won the battle. Bitcoin value is decreasing When you look at the daily charts you can see that the Bitcoin keeps testing for lower and lower points. The last mass selling on the 19th of August closed the market at $218,693 and even though the next day was bullish,... View Article