bitcoin price

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

Correction in the Bitcoin price and what to expect later this month

November 13, 2014 5:39 pm Published by 1 Comment

I underestimated the market Guess I have underestimated the buyers potential and also the significance of the recent hidden service raid that FBI conducted earlier this week. Just look at that wonderful green bullish candle 🙂 There’s clearly a connection between the raid and the price movement here because last time FBI closed one of the biggest darknet marketplaces and confiscated millions of dollars in Bitcoins the price skyrocketed exactly the same way just a few days later. After they put those coins out for auction the price obviously fell and now we can see the same thing happening all... View Article

The long waited confirmation for bullish Bitcoin

November 9, 2014 2:28 pm Published by Leave your thoughts

It’s happening! First of all check out how well the support level (black horizontal line on the chart) has been holding. The price bounced right back up after hitting it the second time with a significantly lower selling strength. This means that the buyers are slowly gaining strength and it’s well known that all the prices anywhere tend to go up much slower than when they fell. That’s why the bulls are always more patient traders and bears try to bite it quickly.   Let’s check out MACD When we add the MACD (moving average convergence/divergence) indicator to our charts... View Article