Filed under Trading tips

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

BTC/USD Starting August off with a Selling Spree

August 1, 2015 3:43 pm Published by 1 Comment

The BTC/USD has been in a consistent decline now for the last four days when the selling started back on 29th of July. As of right now things aren’t looking too good! We’re seeing signs of bullish reversal on the D1 time scale, which shouldn’t come as a surprise because we’re still in a very strong overall bear market when looking at the Monthly chart. However the Bollinger Bands breakout on 1W is giving hope for the mid-term. Suspicious crash to $194.922 On the 18th of July there was a suspicious price drop all the way down to $194.922. The... View Article

Bitcoin price in July staying below $295 USD, expected to gain later in August

July 28, 2015 6:50 pm Published by Leave your thoughts

The popular cryptocurrency, Bitcoin, is once again showing signs of a new bullish run toward the strong psychological and technical resistance around $300 USD area. It’s doubtful we will see any significant moves this month, because we only have three more days left. However the overall look on August 2015 is very positive and it’s possible we will break the resistance and price will stabilize above the $300 USD later in August. Bollinger Bands breakout on W1 The first week of July was a great bullish trading week that managed to break through a very tight Bollinger Bands formation. It’s... View Article

The bears have been eating away Bitcoin since yesterday

July 17, 2015 11:57 pm Published by Leave your thoughts

Since the 16th of July the price of Bitcoin has stayed under the daily pivot point indicating a bearish market in favor of SHORT orders. The initial “panic selling” seems to have subsided as we are now moving sideways around $271 USD per Bitcoin. I’ve never been good with going SHORT, but I guess the massive selling spree got to me too as I have just closed a SHORT position in profit (that’s very rare for me). I am currently uncertain if it can go lower, but looking at the daily pivot points I can see almost two times more... View Article