Bitcoin ‘GOLD 2.0’ Overview: We find price apexing coming into a lot of resistance: -Mid larger downward channel -Inner downward channel upper channel line -Inner upward channel lower channel line -7400 Resistance You can see the triangle denoted from all of this to be Apexing. If price can burst through this level above 7400 this will show strength. Once again...
Bitcoin ‘GOLD 2.0’ Overview: As yesterdays summary of price; Bitcoin is currently within 3 channels with price testing resistance level at 7400 and dropping down for todays open. We have a triangle apex scenario at play and if there isn’t any big moves could see bitcoin move sideways into it for the next day. Once again 7400 is the next major resistance to...
Bitcoin ‘GOLD 2.0’ Overview: Bitcoin is currently within 3 channels with price testing resistance level at 7400 and dropping down for todays open. We have a triangle apex scenario at play and if there isn’t any big moves could see bitcoin move sideways into it for the next day. Once again 7400 is the next major resistance to contend with and this would coincide...
Bitcoin ‘GOLD 2.0’ Overview: As spoken about the last few weeks for stretch Bitcoin was to meet the middle of the larger downward channel. We’ve now seen a push from price movement to 7400 within the inner downward and also inner upward channel. Momentum is with the buyers however we are running into some solid resistance with: -Mid point of the larger downward...
Bitcoin ‘GOLD 2.0’ Overview: As of yesterday the same remains… just closer to the apex at present: Bitcoin is currently within 3 channels with price condensing and currently settling around the 6800 mark. We have a triangle apex scenario at play and if there isn’t any big moves we may see bitcoin move into the apex around 7000. 7400 is the next major resistance...
Bitcoin ‘GOLD 2.0’ Overview: Bitcoin is currently within 3 channels with price condensing and currently settling around the 6800 mark. We have a triangle apex scenario at play and if there isn’t any big moves we may see bitcoin move into the apex around 7000. 7400 is the next major resistance to contend with and this would coincide with the middle of the larger...
Bitcoin ‘GOLD 2.0’ Overview: Stuck in the middle with you. So we’ve seen Bitcoin have a pop to 7200 and a retracement to 6800. If we push up higher into the previous days candle wick this will be good for the bulls. Now the significance here is that price at present is within the larger downward channel, also has broken back into the inner downward channel and...
Bitcoin ‘GOLD 2.0’ Overview: Stuck in the middle with you. So we’ve seen Bitcoin have a pop to 7200 and a retracement to 6800. If we push up higher into the previous days candle wick this will be good for the bulls. Now the significance here is that price at present is within the larger downward channel, also has broken back into the inner downward channel and...
Bitcoin ‘GOLD 2.0’ Overview: Todays daily open has seen price pop back into the inner downward channel after breaking resistance (now support at 6400). If price has strength from here through the day we could see a test of the high at 6700. This would confirm bulls want to play. This is a stable place to be yet not a comfortable space. If price retests the...
Bitcoin ‘GOLD 2.0’ Overview: Last month saw bitcoin have a price range of over $5200 to the south in its candle movement. Price since Jun 2019 has been in a steady downward channel and where this months candle open the next 30 days needs to show straight to the mid part to give confidence to the Bulls. A break above 7400 will be the mid zone and have broken some...
Bitcoin ‘GOLD 2.0’ Overview: Last weeks Weekly candle opened and closed practically at the same point. Yesterdays open has shown a lot of strength now battling the 6400 resistance zone to stay on top. 3 weeks ago saw the down move to the bottom of the downward channel and a test of the lower trend line, in current weeks although we’ve danced around this level...
Bitcoin ‘GOLD 2.0’ Overview: Price has come down testing the 6100 support to come back and open at 6200. Today we’ve seen only dribble in price action. Once again for strength price needs to break the previous low at 6400 and break the high at 7000 for the bulls to be in control. However this week with world economics playing out a break to the downside of 5700...
Bitcoin ‘GOLD 2.0’ Overview: Todays Open saw Bitcoin open below what was support @ 6400 which now turns into resistance. The Squeeze into the apex saw bears take control taking the market to the 6100 support also. From here for price needs to have strength this bounce off 6100 needs to stay and break higher highs above 7000. However resistance looks strong and a...
Bitcoin ‘GOLD 2.0’ Overview: Into the Apex we go… Which way we flow nobody knows… Well this squeeze will end up going somewhere... Todays price structure saw a dip to the support around the low at 6400 and then the settle point around 6700. A considerable move in any other traditional market, yet this is Bitcoin. As of yesterdays write up. From the outer we see...
Bitcoin ‘GOLD 2.0’ Overview: After an indecisive daily candle yesterday we see price open slightly lower. In a way this is great that the bulls pushed higher, yet sellers pushed back to the 6400 support and we settled above. We are forming an upward channel that price is respecting whilst being in an overall downward channel. Now APEX, If we remain above the 6400...
Bitcoin ‘GOLD 2.0’ Overview: We currently see price sitting above the support at 6400 moving toward the centre of the downward channel. Our eyes are on the orange arrow as if price can push up we will see rejection or a consolidation point at this apex. If price is strong enough to push the smaller downed channel 7400 will be a point to contend. Below this we may...
Bitcoin ‘GOLD 2.0’ Overview: Yesterday saw a strong push to the upside. Todays candle closing above the 6400 resistance (now becoming support) shows momentum to the upside, however not in the clear yet. A close here will strengthen the upward movement with a push to 7000. For the time being for strength we want to see this market move above the 7850 mark denoted...
Bitcoin ‘GOLD 2.0’ Overview: Last week we saw moves from the 4400 mark to 6900 closing once again indecisively at the bottom of the downward channel. Once again with current world economics, bitcoin this week could follow the other markets with respect with being paired to the USD. Foe Bitcoin safety zone we need to see strength and a gain in price to the 6400...