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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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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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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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