CIpher2k

CIpher2k Updated 

I just stretched the red curve a bit to match the actual data from April. Rest of chart is untouched since end of March. In my opinion, this idea might be invalidated if we break 10k with an significant breakout to 11k or higher. If we fail to break 10k here, look for a slow decline to 6k areas again.

CIpher2k

Look for the Wall St. Cheat Sheet and compare for yourself.

CIpher2k Updated 

BTC is not doing any big moves up or down anymore after the big January correction. Volume seems to be back and the bears are losing ground. I expect BTC to move slowly towards the main resistance within the next 7-10 days.

CIpher2k Updated 

BTC just broke out of one of the major downtrend channels. Let us see if this break out will be sustainable. Here is the daily chart for an overview:

CIpher2k Updated 

With volumes being still so low BTC will not make any big jumps (in neither direction) in the next days, I think. A lot of people are hoping BTC to go for 7.5K - 8.5k. But the decreasing volume also on the seller side shows that this might not happen at all. Remember: BTC never does what everyone is expecting. Mostly it does the opposite. If you read the social...

CIpher2k

Looking at the wedge in which BTC is consolidating for some time now, it is testing the bottom for the 3rd time actually. But, it has not been at the bottom for long. In the past the rebounce was quick, so there are definitely enough buyers keeping it from falling further. I think it will rebounce again this time, too. If not, then the next support levels would...

CIpher2k

Looks like BTC is on a good way, now. The volume is still a bit low, but it is just the weekend. There was someone buying BTC for 9300 EUR on Bitstamp worth more than 500k € an hour ago.

CIpher2k Updated 

This is how I think it will play out over the next couple of days. The CME futures have no effect today. As today only the trade closes. They might have an effect on January 31st. But, who knows what happens to the crypto market in 5 days?! ;)