Debate surrounding if the Bitcoin bull market is over due to the recent correction is at a full boil, while many are already searching for a bottom of the current downtrend. Bulls must be careful not to jump the gun due to buying the dip working so well over the last several months. Because bears […]
Ethereum has seen a couple of sharp selloffs throughout the past day, with bears aiming at keeping it below $600 This comes following a strong move higher earlier this week, which allowed the crypto to rally as high as $623 The selling pressure here was intense and caused it to see a sharp decline, from which point forward it has been consolidating Where it trends in the mid-term will largely depend on its continued reaction […]
Bitcoin price has fallen rather sharply following failure to breach a strong resistance level. I was hoping for an upwards break but the pesky full moon appeared (again at a market inflection point, starting to think there's something to this moon phase stuff...) to foil my Plan A. The bears have won a minor skirmish - but not the battle and certainly not the war. After failing to breach a key level, 850 on Bitstamp or 950 on Gox, the Bitcoin price is now staging a fighting retreat back to Support. At the time of writing, the down move has at least paused around the 820 / 0.236 Fib level.....
Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would “perfect” a buy setup that could initiate a pump and dump fractal from years ago. The pump and dump would be designed to further confuse […]
Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each push towards $11,600 is rapidly rejected by bears. This has created a consolidation channel between $11,300 and $11,600. Although neither […]