trading

Bitcoin down -4.72% from yesterday’s high of 5650.01

April 24, 2019 5:05 pm Published by Leave your thoughts

The price of Bitcoin just corrected itself almost perfectly. Down -4.72% of yesterday’s high, the price seems to have stabilized for the moment and is looking for support around the $5450 area. While further downward move is likely, we have a decent support at $5362 and if it doesn’t get broken Bitcoin might very well try $5700 next. However should the support of $5362 be broken, it may open the doors to $5300 or lower. Both MACD and Relative Strength Index show that there is still a little bit of selling power left. It will be interesting to see how... View Article

BTC/USD Starting August off with a Selling Spree

August 1, 2015 3:43 pm Published by 1 Comment

The BTC/USD has been in a consistent decline now for the last four days when the selling started back on 29th of July. As of right now things aren’t looking too good! We’re seeing signs of bullish reversal on the D1 time scale, which shouldn’t come as a surprise because we’re still in a very strong overall bear market when looking at the Monthly chart. However the Bollinger Bands breakout on 1W is giving hope for the mid-term. Suspicious crash to $194.922 On the 18th of July there was a suspicious price drop all the way down to $194.922. The... View Article

The bears have been eating away Bitcoin since yesterday

July 17, 2015 11:57 pm Published by Leave your thoughts

Since the 16th of July the price of Bitcoin has stayed under the daily pivot point indicating a bearish market in favor of SHORT orders. The initial “panic selling” seems to have subsided as we are now moving sideways around $271 USD per Bitcoin. I’ve never been good with going SHORT, but I guess the massive selling spree got to me too as I have just closed a SHORT position in profit (that’s very rare for me). I am currently uncertain if it can go lower, but looking at the daily pivot points I can see almost two times more... View Article

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

Bitcoin Bullish Breakout Happening Right Now

June 17, 2015 11:53 pm Published by 1 Comment

I was a little off After I made my last Bitcoin price prediction on May 21’st, the market decided to take a plunge downwards instead and I have to admit- I was a little disappointed when I realized I might have been wrong about the whole thing with the NYSE. Gradually gaining strength again I’m glad I didn’t close my long position then and there, because it seems the plunge wasn’t really a “plunge” at all. The market was simply getting ready for a very big jump instead! It started out slowly on the 8’th of June, 2015- A strong... 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 breakout today, showing signs of recovery

April 22, 2015 9:25 pm Published by Leave your thoughts

Bollinger bands breakout Todays Bollinger Bands breakout has been “boiling” for a few days now, but prior today the market was moving pretty much sideways indicating that the bulls were simply looking for the right moment to arise. I had my own long position opened on the 19th of April already, so I guess I was there a little bit early. Nevertheless, the breakout happened and as a result the market is starting to look a lot more bullish once again.   Currently overbought While there is still some room for the pair to gain, I strongly recommend closing your... 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