chart

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

Second half of January not looking so good for Bitcoin

January 13, 2015 1:46 pm Published by 2 Comments

MetaTrader 4.0 As you can see I have finally updated to a better, more sophisticated software. The price chart looks a lot better now with a lot of custom features and I already looked into MQL4 programming language which at first glance seemed epic easy to master so keep an eye out because in the future I could create a trading robot for Bitcoin 😉   Other half of January It’s not looking good for the bulls- at all. The breakout since the early days of year 2015 has been harsh for the bulls. Bitcoin has now fallen from $317,3... View Article

Bitcoin starts the year 2015 with a bearish breakout against the dollar

January 4, 2015 12:20 pm Published by Leave your thoughts

Wait for it… In my previous post I advised traders to sell their coins if they had any and wait at least a week, maybe even two, into the new year to see how the market adjusts itself.   After more than a week of minimal price decline the breakout finally happened and as you would expect, it was a selling marathon. Why? Because in December 2014 the BTC/USD broke through a pretty solid support level– only magic can save us now.   When will it go back up? Well, the market is already oversold and keep in mind that... View Article

BTC/USD in the year 2014 and what to expect from 2015

December 19, 2014 1:44 pm Published by 1 Comment

 Bitcoin in the year 2014 We started out strong this year! After the traditional years end selling marathon where the BTC fell from its highest point yet, the $1200 area, we quickly recovered in January 2014 from $600 all the way up to $1000 again. Investors were confident that Bitcoin is the new goldmine. The media coverage It’s no surprise that the media was creating a fuss about Bitcoin considering that BTC is a commodity that suddenly exploded from $100 to $1200 in just a few weeks. Everybody was talking about Bitcoin in 2014. People were creating new businesses that... 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

Was the recent Bitcoin rally just temporary?

November 20, 2014 12:10 pm Published by Leave your thoughts

Is it over already? The last week’s rally was simply awesome. Congrats to anyone who got a chance to ride the wave along with us. The price started to gain momentum from $320 days before the actual jump took place, but the signs of it happening were all over the place. In just a few days we went from $320 to almost $460 so a correction was bound to happen. In my previous Bitcoin price prediction article I estimated the price to linger in the $410 – $420 area for a few days and then proceed to gain strength once... 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

Riding the Bitcoin bulls – Not too late to enter

November 12, 2014 2:48 pm Published by Leave your thoughts

Riding the bulls The last few days have simply been amazing. On the 9th of November I published a short article about the bullish movement of Bitcoin and just three days later the price has reached $400 USD. So what now? If you look at what happened on the 11th and 10th of November then you can see a great struggle between the bulls and the bears. The market was unsure how to react, but it is clear to everyone now that bulls have won this battle. At least for the moment. Depending on how today’s candle will close we... View Article