analysis

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

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

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

Ynef’s take on the current price of Bitcoin and Bitcoin price prediction

October 10, 2014 10:57 am Published by 2 Comments

Bitcoin price in the year 2014   Bitcoin is the most popular cryptocurrency right now and it will remain the most popular and most traded cryptocurrency for at least a few more years or until someone comes up with a better alternative.   The price of Bitcoin has been quite volatile throughout the year 2014. It has touched the $1000 mark and dropped back to $300. In December 2013 we witnessed Bitcoin find resistance in the $1200 USD mark – the highest price for Bitcoin yet. This was mainly due to extreme media coverage that Bitcoin received in the second... View Article