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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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04.01.15 – Bitcoin – Update

Price at Bitstamp hit 50MA lower BB support | 3Day time interval Market has been heavily damaged. However, if you are actively trading, it is sensible to protect profits on your short positions. Overall reactions have been mixed and bottom picking is very dangerous as there is yet no confirmation. Please note that today’s low […]

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01.01.15 – Bitcoin – Update

Price at Bitstamp testing 100MA resistance | 2HR time interval “Happy New Year! Wishing all the Best to Everyone!” Since 14.12.14 market has been significantly affected by the 2hr 100MA resistance. More precisely, it is quite evident that when price tests 2hr 100MA, it gets rejected. Additionally, in two recent instances (22.12.14 & 26.12.14), it […]

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11.12.14 – Bitcoin – Update

Price at Bitstamp below key resistance | 1HR time interval For the past 10 hours, long counter trend setup above $354 has been active. On the long side: If this rally attempt is to continue, a confirmation is required above $365 key resistance which also serves as the 50MA Daily resistance. A clean break may […]

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