Filed under Trading tips

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

Bitcoin touches $298,912 – Highest value in 5 months

July 11, 2015 12:43 pm Published by Leave your thoughts

Yesterday around noon the Bitcoin started another bullish run following a repeating pattern and reaching as high as 298,912 USD per Bitcoin. A value last seen 5 months ago. It seems that the uncertain times in Greece and in the world as a whole have had an impact on the price of Bitcoin as investors are starting to take the cryptocurrency more seriously. More breathing room The rally from yesterday has finally broaden the overall breathing space in BTC/USD which means that from now on we should see bigger, more serious price movement in both directions. And although the overall... View Article

Bitcoin climbed all the way to $272 USD yesterday

July 7, 2015 2:10 pm Published by 1 Comment

I have been keeping an eye on the price of Bitcoin for months now and it seems that the latest forming pattern is a sudden price increase, followed by a 40-45% decline, followed by another even higher increase. It’s been happening over and over again for the past two months. I wonder if the Greeks had anything to do with the latest price increase that reached a solid $272 USD per Bitcoin? Another correction Once again we find ourselves in the midst of another correction. At the moment it seems like the $260.123 low is another great entry point for... View Article

Bitcoin comeback for another bullish round

June 29, 2015 7:00 pm Published by Leave your thoughts

Almost two weeks ago I predicted that the BTC/USD pair would continue to grow and I set my target level around the 253 area. (I know, I said 254.206, but it’s always a good idea to set your TP just a little bit lower). Today, on the 29’th of June, 2015 the target was reached and yet another successful trade has now been closed. The only thing that will keep bugging me is the fact that I couldn’t wait a few days into the evident correction and jumped on the train too early. Clear bullish signals from Bitcoin There’s no... View Article

Bitcoin Bullish Breakout Happening Right Now

June 17, 2015 11:53 pm Published by 1 Comment

I was a little off After I made my last Bitcoin price prediction on May 21’st, the market decided to take a plunge downwards instead and I have to admit- I was a little disappointed when I realized I might have been wrong about the whole thing with the NYSE. Gradually gaining strength again I’m glad I didn’t close my long position then and there, because it seems the plunge wasn’t really a “plunge” at all. The market was simply getting ready for a very big jump instead! It started out slowly on the 8’th of June, 2015- A strong... View Article

BTC/USD breaks through resistance of May 20th New target set around 237.320 USD per Bitcoin

May 21, 2015 5:37 pm Published by 1 Comment

Yesterday’s resistance broken Bitcoin has succeeded in breaking through a pretty solid resistance level of 234.394 setting our next target as high as 237.320 USD per Bitcoin. New York Stock Exchange Influence The news from a few days ago where the NYSE announced that they will begin monitoring the price of Bitcoin, has greatly influenced the current price increase. The reason is simple enough: traders believe that if NYSE is monitoring the price of Bitcoin, it has to be worth investing in. This has already resulted in the overall increase of buyers versus sellers because new investors, who have previously... View Article

BTC/USD Price analysis for the first half of May 2015

May 9, 2015 3:07 pm Published by Leave your thoughts

The morning’s correction At around 10:30 AM the BTC/USD pair started to sell quite rapidly from 246.440 USD per Bitcoin, correcting the previous days bullish movement. It was of course expected because the market had reached the overbought condition almost at the same time. Bullish expectations The support level of 238.416 USD per Bitcoin seems to be holding nicely right now, but there is still some room to move a little lower. The trading volume has started to decline already indicating that a lot of the traders are already closing their SHORT positions, perhaps getting ready to go LONG once... View Article

Free pivot point calculator for your daily Forex needs

May 3, 2015 9:32 pm Published by Leave your thoughts

Ynef’s free pivot point calculator I was bored today so I made a pivot point calculator for you to help with your technical analysis. It takes HIGH, LOW and CLOSE prices and calculates three resistance and support levels along with the pivot point itself.   Permanent URL for your bookmarks: pp.ynef.net   What are pivot points? In financial markets, a pivot point is a price level that is used by traders as a predictive indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the... View Article