btc trading

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 price likely to increase as we have entered the Elliott 5th wave

November 24, 2014 2:31 pm Published by 1 Comment

Elliott 5th wave This screenshot shows a trend line that I drew from the lowest point moving upwards. So far so good! The last two bullish candles indicate the 5th wave in the Elliott Wave sequence and according to that logic we can expect the price to move higher than the highest bullish candle that you can also see on the screenshot. This could mean that in the near future we might reach the $450+ area. Other aspects of my technical analysis are also showing a green light. Let’s take a look!       MACD seems to be crossing... View Article