crypto

Abandon ship! Bitcoin is going down.

April 9, 2019 7:44 pm Published by Leave your thoughts

If you’re a day trader you might want to tread carefully the next couple of days. That’s because Bitcoin has once again been moving sideways. Not only that, but the last swing was lower than the previous which just barely managed to touch the resistance formed on April the 3rd. Coupled by the fact that both the Relative Strength Index and Stochastics on the daily are in the extreme to insane overbought range, we’re bound to see some type of retracement soon enough. In the next couple of days we will most likely see the retracement towards $5100 and if... 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

First licensed Bitcoin Exchange opening today. More trust in BTC likely to move BTC/USD higher this week

January 27, 2015 3:32 pm Published by 1 Comment

First licensed Bitcoin exchange opening The first licensed U.S based Bitcoin exchange will be opening later today which is great news for all the bulls out there because this move is likely going to bring back a lot of lost trust for the crypto currency, Bitcoin. While I am very surprised to see a move like that from the U.S I am happy it has finally been done. There are serious money involved and since it’s now licensed and approved in many states, the chances of someone running away with your coins has decreased a lot- therefore more people are... View Article

Bitcoin bullish breakout turning into a solid trend- more gains ahead!

January 25, 2015 7:11 pm Published by Leave your thoughts

Slow and steady gains The price of Bitcoin has been slowly recovering from the biggest drop we’ve seen since the year 2013. For the last ten days the price has steadily been moving upwards after a bullish breakout closer and closer to the resistance level at around 260.7 USD. I am fairly confident that at least up until this point there shouldn’t be anything that will stop the trend. We will most likely see some fallback around that level, but if all goes well the 260 USD mark will be broken at the end of January or early February.  ... View Article

Bitcoin slowly recovering from a massive price drop all the way to $167

January 16, 2015 12:03 pm Published by Leave your thoughts

Right now the lowest point BTC has reached is $167,125 USD per coin. Let’s hope it will stay that way!   But there are still a few mixed signals here. For example we all know that this bullish movement was inevitable simply because we have been dropping since the beginning of the month. As I mentioned in my previous post we have been lingering in the oversold area for too long.   So this bullish movement might not mean anything else other than a simple correction. Also if you notice how the second bullish top is a little bit lower... View Article

Bitcoin now worth less than 200 USD – Dropped from 225,703 to 190,309 in less than a day

January 14, 2015 6:19 pm Published by Leave your thoughts

Bitcoin now worth less than $200 The two hundred dollar mark has been breached earlier today when Bitcoin fell from 225,703 all the way through 200, briefly touching the $176 region, but getting some decent support around $180-$190 later. The drop seems much more significant now than it did yesterday when I suggested going short for short term. Nice round numbers like 200 are key points in all trading simply because people like these numbers. The breach below 200 just gave a pretty strong blow below the belt for all the bulls. Bitcoin mining not profitable Back when Bitcoin was... 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

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

BTC/USD has broken a support level that held good for months. More downward movement highly possible!

December 17, 2014 4:33 pm Published by Leave your thoughts

BTC/USD Support broken Sadly the strong support level that held for months has finally been breached. If the bearish candle closes below $320 level then we can expect more downward movement very soon. We have already tested $317 which is the lowest point BTC/USD has ever been since it started to gain bullish momentum at the end of 2013. Changes ahead We are at a critical point right now with a lot at stake. Should the support level breach be confirmed tomorrow there is very little that our technicals can do to help Bitcoin. The only way I can see... View Article

It wasn’t Elliott, at least not yet… Further speculation on the price of Bitcoin

December 11, 2014 2:17 pm Published by Leave your thoughts

No Elliott in sight In my last post about Bitcoin I was fairly convinced that we have entered the final stages of the Elliott wave theory, but looking at the charts today it’s clear that it wasn’t exactly true. The market started going sideways in the last few days of November and continued to do so for an entire week of December until on the 8th of December the bears finally gave up and bit the bulls in the ass hard. As I saw it unravel I tried to get rid of the coins I was holding, but I wasn’t... View Article