market

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

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 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

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

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

Ynef’s take on the current price of Bitcoin and Bitcoin price prediction

October 10, 2014 10:57 am Published by 2 Comments

Bitcoin price in the year 2014   Bitcoin is the most popular cryptocurrency right now and it will remain the most popular and most traded cryptocurrency for at least a few more years or until someone comes up with a better alternative.   The price of Bitcoin has been quite volatile throughout the year 2014. It has touched the $1000 mark and dropped back to $300. In December 2013 we witnessed Bitcoin find resistance in the $1200 USD mark – the highest price for Bitcoin yet. This was mainly due to extreme media coverage that Bitcoin received in the second... View Article