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Bitcoin comeback for another bullish round

June 29, 2015 7:00 pm Published by Leave your thoughts

Almost two weeks ago I predicted that the BTC/USD pair would continue to grow and I set my target level around the 253 area. (I know, I said 254.206, but it’s always a good idea to set your TP just a little bit lower). Today, on the 29’th of June, 2015 the target was reached and yet another successful trade has now been closed. The only thing that will keep bugging me is the fact that I couldn’t wait a few days into the evident correction and jumped on the train too early. Clear bullish signals from Bitcoin There’s no... View Article

BTC/USD breaks through resistance of May 20th New target set around 237.320 USD per Bitcoin

May 21, 2015 5:37 pm Published by 1 Comment

Yesterday’s resistance broken Bitcoin has succeeded in breaking through a pretty solid resistance level of 234.394 setting our next target as high as 237.320 USD per Bitcoin. New York Stock Exchange Influence The news from a few days ago where the NYSE announced that they will begin monitoring the price of Bitcoin, has greatly influenced the current price increase. The reason is simple enough: traders believe that if NYSE is monitoring the price of Bitcoin, it has to be worth investing in. This has already resulted in the overall increase of buyers versus sellers because new investors, who have previously... View Article

New York Stock Exchange starts to monitor the value of Bitcoin

May 20, 2015 12:43 pm Published by 1 Comment

Bitcoin just took a huge leap towards becoming a more legitimate and trustworthy crypto currency. Yesterday, on May 19th, The New York Stock Exchange announced that they will begin monitoring the Bitcoin price against the US dollar just like any other foreign currency pair.   “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class”   Source: Businesswire.com   What this means for us? It’s very likely that the BTC/USD pair will soon skyrocket because that has always happened with high impact news like... 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

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

Bitcoin gains 4.44% against the US Dollar in the beginning of February 2015

February 3, 2015 3:19 pm Published by 1 Comment

Bitcoin, you can do better than that At the end of last month I posted a quick overview on the price of Bitcoin and what it may have in store for us next month. We’re currently three days into February and BTC has gained a measly 4,44% after some insignificant downward movement that didn’t break any major support levels for us. Bulls getting stronger The daily pivot point along with three solid resistance levels have all been broken through today and the market is continuously making higher lows which indicates that the bulls have finally gotten bold enough to start... View Article

Too soon? Bitcoin moving sideways against the dollar – Market unsure

January 31, 2015 5:13 pm Published by 1 Comment

Too soon? A few days after my confident prediction that it’s high time to buy Bitcoin on the 27th of January post, I didn’t pay attention to the charts for days. Now, on the last day of January, I checked the charts again and to my disappointment the price hadn’t gone up at all- instead it came down -$24.. USD and has now decided to move sideways completely unsure of itself. I have a feeling a lot of traders are left clueless of the weird movement because we know for a fact that the first licensed Bitcoin trader is now... 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 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