commanderwilson

commanderwilson

FUNDAMENTAL UPDATE FROM CEO INCENT As you can see from the attached chart, INCNT has become de-correlated from the majority of other cryptos since early Feb 18, when we launched our Chrome extension pilot. The primary reason for this is that we have been accumulating INCNT from the secondary market to support the pilot, which is already being used daily by...

commanderwilson

Buy against horizontal and rising support in uptrend

commanderwilson

As you can see the breakout attempt we've spoken about in our last couple of updates is currently in progress. To read our latest analysis go here: bitscan.com or follow us @bitscanner on twitter. In the meantime, happy New Year! Rob@BitScan

commanderwilson

As we wrote yesterday, $750(Gox) amounted to key support, against which bitcoin is currently rallying. Read our thought on the implications at bitscan.com or follow us on twitter @bitscanner

commanderwilson

Read our latest BTC market analysis here, bitscan.com or follow @bitscanner on twitter.

commanderwilson

Movement over the last 24 hrs doesn't tell us too much beyond the fact that the Market is consolidating. What we can see is that new buyers are coming in to support the market at higher and higher prices which supports a continuation of the recent upswing. While we cannot say is when this will trigger, we see nothing to suggest that it won't but remain alive to...

commanderwilson

If you are at all bullish Bitcoin in general, then this market has done all it should need to to tempt you in @ $90, which represented a re-test of longer term rising support and 'fair value' within this context. Does this mean that the sell-off is over? Well, as ever we can never know, but what we can say with confidence is that technical reasons for bulls to...

commanderwilson

Having failed to retest its high at $136, this market has came under increasing pressure, with supports at $125, $115 and $110 putting up less and less of a fight. It is looking increasingly likely that bears are taking aim at longer term rising support (shown in Blue) that joins previous Lows, but this may not happen in one thrust. Indeed, a brief return to...

commanderwilson

This pair look similar to GBPJPY this time last week. Having surged North upside momentum is finally evaporating as Bears grow in confidence. For me the upside battleground is at 131.30. If we try and fail to trade back through it today I will enter Short targeting 125.60. Stop aove 1.33