usd

Bitcoin just tested the $400 USD area again

December 7, 2015 4:15 pm Published by Leave your thoughts

Ever since my last post about Bitcoin more than two weeks ago, I have been keeping a close eye on the price movement and the news as well. Judging from the chart alone, it’s highly possible that Bitcoin will soon break the $400 resistance level, because it has tested it twice already in the last two days and today’s hourly candle closed a lot closer to this level than the previous. The technical analysis is definitely showing an increasing pressure from the bulls, but that’s not all! The news have been very favorable as well. Visa is Testing Remittances on... View Article

Is Bitcoin getting ready for another bullish rally?

November 16, 2015 10:22 pm Published by 1 Comment

After almost two weeks of sideways movement we have once again started to see “strange” movement on the BTC/USD pair. A massive dump yesterday, then a couple of hours of sideways movement followed by a massive bullish candle almost exactly the same size as the dump indicates that something is indeed brewing in the Bitcoin world. The recent Bitcoin rally that peaked around $520 USD per Bitcoin on November the 4th, may have just been a prequel for what’s coming. Japan as the next pump The previous pump was initially started by the Chinese investors when their economy ran into... View Article

Bitcoin’s struggle to break the $300 USD barrier continues

October 27, 2015 12:23 pm Published by 1 Comment

While it’s true that the Bitcoin, at least in theory, should continue to climb against the USD in the coming weeks and months, we are once again finding some serious resistance from the $300. The most recent rally found resistance around the $296 area to be precise and when we look at the overall movement of the crypto currency through the entire year of 2015, we will see that it’s not the first time this has happened. Breaking $300 is key When you look at the chart above, you will immediately notice that we are right now testing the $300... View Article

Bitcoin price continues to tumble in the second half of August, 2015

August 21, 2015 1:12 pm Published by 1 Comment

Bitcoin started off August with a selling spree and while the price did stabilize for a week, we are now seeing even more intense selling taking place in the second half of August, 2015. As of right now all indication of a bullish market is now lost and the bears have won the battle. Bitcoin value is decreasing When you look at the daily charts you can see that the Bitcoin keeps testing for lower and lower points. The last mass selling on the 19th of August closed the market at $218,693 and even though the next day was bullish,... 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 touches $298,912 – Highest value in 5 months

July 11, 2015 12:43 pm Published by Leave your thoughts

Yesterday around noon the Bitcoin started another bullish run following a repeating pattern and reaching as high as 298,912 USD per Bitcoin. A value last seen 5 months ago. It seems that the uncertain times in Greece and in the world as a whole have had an impact on the price of Bitcoin as investors are starting to take the cryptocurrency more seriously. More breathing room The rally from yesterday has finally broaden the overall breathing space in BTC/USD which means that from now on we should see bigger, more serious price movement in both directions. And although the overall... View Article

Bitcoin climbed all the way to $272 USD yesterday

July 7, 2015 2:10 pm Published by 1 Comment

I have been keeping an eye on the price of Bitcoin for months now and it seems that the latest forming pattern is a sudden price increase, followed by a 40-45% decline, followed by another even higher increase. It’s been happening over and over again for the past two months. I wonder if the Greeks had anything to do with the latest price increase that reached a solid $272 USD per Bitcoin? Another correction Once again we find ourselves in the midst of another correction. At the moment it seems like the $260.123 low is another great entry point for... 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