Aesop

Aesop

Callouts tell the story. Potential op for longs in the next 24 hours.

Aesop

Quick charting on the 1 hour candle looks like we will need a bit of correction before another attempt to get above the long term down trend. Short term target 365 before an additional push up. More interesting opportunities to trade once we get above this line. Markets seem determined to be short term bulls so multiple attempts may be possible.

Aesop

BTC USD rebounding strongly off of a 275 low earlier in the week. Main target for this leg of trading will be in the 390 area. This point harbors the crossroads between 1.618 fib, medium term down trend and short term up trend lines. The degree of retracement off of this high will be an important signal to the outlook for BTC USD in the medium term. Targets...

Aesop

Bullish breakthrough point comes at the convergence of fib retracement .618 and higher medium term resistance lines. Similarly a bearish rejection point exists at fib retracement .382 & lower medium resistance. Panic buy spike should be ignored and offers little in the way of technical indication. It serves as no more then a lucky break for the opening of some...

Aesop

Paypal has just announced that it will be integrating Bitcoin into the payment protocol with a bit more involvement then previously thought. Paypal's subsidiary Braintree was given the go ahead to announce it's involvement with Bitcoin just recently. The price has moved strongly in wake of the news and continues to move toward key resistance points on our...

Aesop

Chart tags speak for themselves. Key trading week as price decides whether it will advance for an attempt on 460 resistance or fail it's short term rising support line and continue bearishly to support between 215 & 285

Aesop

Prices recently fell through the lower bound of the medium term trend line (point A) and while an attempt to establish a convincing rebound above this line is possible, it remains unlikely (point C). The more conceivable trend remains downward in coming weeks while we approach the lower bund of the long term trend line (point B). Spattered resistance is likely...