Cybermosfet

Cybermosfet Updated 

BTC is adhering to a strong trendline (in blue) that connects the all time high (17 December 2017) to the 6K breakdown point (14 November 2018) and the recent high we had on 8 January 2019. The chart shows a significant rejection every time BTC is trying to break this trendline. Also I am impressed how the price keeps hugging and following the lower edge of the...

Cybermosfet

Google trends is commonly used to determine seasonality of a particular topic. The tool allows for the tracking of various words and phrases that are typed into Google's search-box. By researching phrases like “Bitcoin”, “Buy bitcoin” and “Sell bitcoin” an overview of potential new market users and general interest of the outside world can be obtained. The chart...

Cybermosfet

I know that there is a lot of controversy among traders at comparing the current bear market with the 2014/2015 bear market, but studying the historical behavior of BTC in previous markets may provide a lot of insight in the current trend. I myself did not experience the previous bear market personally. In the 2014/2015 BTC bear market the weekly RSI of the...

Cybermosfet

This is the first time I publish, so please bear with me. This is not trading advice, just my personal view of BTC. BTC has touched against the top of the downtrend channel and just broke to the downside of the orange triangle drawn on the chart, setting a preliminary target around 2700. I think BTC might re-test the triangle where it intersects with the uper...