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16.06.15 – Bitfinex Update

Price at Bitfinex at critical resistance | Daily time interval It took a rather long time of soft activity to finally manage and hit resistance at $241. If you are currently long, it is advisable to protect positions and even consider booking 1/3 of profits. Remaining positions shall be protected according to your entry points. […]

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01.03.15 – Bitfinex – Update

Price at Bitfinex testing temporary resitance | 4HR time interval Estimated support at $249 (4HR interval) provided strong for almost 8 hours. Long trade above $257 has been active for the past 2 hours. Recently updated long target(s) have been hit only at Bitfinex, OKCoin and Huobi, providing very quick trade(s). If you are already […]

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27.02.15 – Bitcoin – Update

Price at Bitfinex below weekly confirmed rejection | 4HR time interval Overnight action produced a large impulsive candlestick that pierced through two technical resistance levels. A follow up breached the weekly rejection point at $257 and reversed immediately. Currently weekly estimated long targets have been hit on all reported exchanges apart from Bitstamp and BTCe. […]

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26.02.15 – Bitcoin – Update

Price at Bitfinex testing 100MA support | 4HR time interval On the long side: Since 23.02.15, not even a single candlestick managed to close above $240. This has raised intermediate resistance at exactly $241 (light blue dashed line), which has been tested almost 6 times and proved solid. It has to be noted that both […]

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14.02.15 – Bitcoin – Update

Price at Bitfinex testing rejection point | 4HR time interval Weekly potential long targets have been hit on all exchanges (except Kraken). If you are already long, it is advisable to book 1/2 of profits and manage your remaining positions according to your entry point(s). On the long side: Market performance has been rather impulsive, […]

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25.01.15 – Bitcoin – Update

Price at Bitfinex near intermediate resistance | 2HR time interval Estimated long trade on confirmation above $242 has been active for almost 8 hours. On the long side: At the time of writing, price is very near $251 intermediate resistance (white dotted line). A strong confirmation above this key level will increase the possibilities of […]

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16.01.15 – Bitcoin – Update

Price at Bitfinex testing temporary support | 1HR time interval On the long side: A confirmation above $223 temporary resistance (light blue dotted line) will test $230 intermediate resistance (pink dotted line). If price manages to burst through the latter, then $241 near term resistance (red dotted line) may be a possible target. On the […]

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13.01.15 – Bitcoin – Update

Price at Bitfinex testing Weekly 50MA lower BB support | 1HR time interval Very strong overnight selling led to a test of $235 Weekly 50MA lower bollinger band support. On the long side: Multiple resistance levels have been identified. First, price must overcome $241 temporary resistance (orange dotted line). A continuation may possibly test $250 […]

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07.01.15 – Bitcoin – Update

Price at Bitfinex testing intermediate resistance | Daily time interval Long trade above $277 has been active for 7 hours. First target on $288 intermediate resistance (light blue dotted line) has been hit. If you are actively trading, due to recent market conditions, it is sensible to book 1/3 of profits and protect the remaining […]

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