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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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09.12.14 – Bitcoin – Target Update

Price at Bitstamp hit technical support | Daily time interval Overnight, $365 50MA support was violated and price experienced a rapid sell-off. Estimated technical support at $346 was hit. On the long side: A rally attempt would not be ruled out at this point. However, price needs to overcome $354 temporary resistance (green dotted line) […]

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29.11.14 – Bitstamp – BTC/USD

Quick Update | 1HR time interval During the recent breakdown, intermediate support at $356-$358 area proved to be strong. Since then, price has painted a strong reversal currently testing the 100MA Support (light blue dotted line). However, today’s action has tested and reversed almost all the short term support and resistance levels. Our models estimate […]

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