The 1st of June saw Bitcoin reach a swing high of $10,400, only to make a sudden U-turn and retrace in price of over $1,000 USD in one day hitting the 61.8% fib levels before recovering and slowly making its way back up. We now find Bitcoin trading around the 38.2% fib, ($9,718).
The question is: “Is a new swing high underway to break $10,500 levels?”
Nothing too enlightening going on here just some fairly obvious TA. The chart needs no explanation.
I just wanted to share some of my thoughts on price markers that I am keeping an eye on.
Volume is key so keep close tabs on it.
It sure does look like volume is drying up and therefore we are likely to see a snap down to the low $3K area, and could break into the...
Just wanted to share my weekend thoughts....
In a nutshell, I'm bullish for the upcoming week!
We had a lot of FUD last week and BTC´s price was clearly affected buy it. The smart money took their profit and we had a nice healthy (small) correction.
The smart money will start buying again.
Bitcoin normally doesn´t like to produce more than 3 red daily...
Just a bit of fun here to share some thoughts, and ideas.
As the chart displays, we can clearly see ATH and support levels.
It´s important to remember that the 3k price zone is not a support area, (neither was it a resistance area on the way up) but an important psychological area.
It may turn into support/resistance later, but at time of...
XCP had been knocked out and is on the floor due to the whole Bitcoin shenanigans.
I believe XCP will pick herself up again from tomorrow, the 1st of August when Bitcoin Vs Bitcoin Cash has become slightly clearer and traders get hold of their free BCC/BCH. They may well then then turn to alts.
So there is a good chance that alts will wake up...
Hey fellow Cryptoheads,
It´s getting closer to the 1st and things are really heating up.
Bitfinex & Kraken have both confirmed they will credit any Bitcoin holders with Bitcoin Cash, (BCH).
Kraken even confirmed they that they will enable BCH trading in the following pairs: BCH/XBT, BCH/USD, BCH/EUR.
Bitfinex have yet to confirm whether they will list BCH as a...
I´m not a big fan of the hourly chart, (I prefer the daily) but for shits and giggles let´s take a look.
Lately Bitcoin has been fuelled by fundamental news. We´ve had the SEC/ETF saga, and now we have the Bitcoin Unlimited/SegWit fork saga.
My personal opinion is that an "imminent" hard fork has been blown out of all proportion and there is not an imminent...
We need to pop and hold the $1,000 physiological barrier, which we´ve done today (Sunday 26th March ´17).
Congrats to Bitcoin bulls by the way, it´s good to have you back.
The next price level i´m looking at to take profits is around the $1,039, (Fib 38.2 sweet spot) level.
This idea is just a quick one I wanted to share.
If you have any questions please ask...
Hi fellow traders.
I wanted to publish this chart for all those newer traders out there to offer up something easy to follow and to share some thoughts that can be discussed.
My guess is that the SEC won´t approve the Winklevoss´ETF.
This latest bull trend may have been feeding off the ETF news and once we get the news on or before the 11th I see BTC dropping...