I have warned of a correction in our last analysis. Ultimately, our analysis was wrong as the price broke above $10,000 and there is a huge euphoria going around that this trend will continue. However, while I too have a bullish sentiment now for the short-term, I would still like to point out that we […]
The price of Bitcoin broke down recently after testing the $9000 resistance level. The price did recover from the local low of $7400 but did not manage to reestablish the $8000 level. In addition to that, the price broke all support levels, the 200, 100 (blue line), 55 (yellow) and 21 MA (light blue) in […]
Along with Bitcoin the chart of Ethereum dipped about 48 hours ago from now. While Bitcoin broke shortly through the $9000 level, Ethereum was on its way to $300. Many analysts and traders declared already two weeks ago that the Altcoin season was open. Right now people sound a bit less optimistic with Ethereum’s price […]
A common claim in the market is now that the $10,000 level is the next significant zone for Bitcoin. A symbolical and psychological level for obvious reasons. Still, it is important – especially in the crypto space – to question common knowledge. So is $10k really the zone to watch for now? Many news outlets […]
What we are seeing currently in the Bitcoin market is typical before decisive moves are happening. Everyone is expecting the market to move. However, less and less investors are interested in participating in the market. The result of that is that Bitcoin’s price is forming a lot of Doji candles on the 1 hour chart […]
1. Technical Perspective I stated in one of my recent Daily Roundups that generally the market outlook is positive. There are many factors for this. The most important one is that the 200 daily moving average was broken at the end of March. The very positive momentum of this surge has dragged Bitcoin now all […]
This is the chart (fig. 1) that we used at the beginning of December. We did not predict the “Christmas rally”. As this had been the point where the significant resistance at around 6000 broke. The market is currently still testing if the support at the 200 Weekly MA is still solid enough to prevent […]
So, you’ve heard so much about Litecoin and now you want to be part of it. You’ve come to the right place. This guide will discuss Litecoin and teach you how you can buy the virtual currency from various platforms such as BitPanda and Coinbase. You’ll also learn how to use PayPal, credit card, fiat […]
We have almost reached The 200 Weekly MA on the Daily Chart in Bitcoin. It is a level that is frequently tested in the stock markets as well as in Bitcoin. It serves as a major resistance and is tested every now and then. Usually, it stops sell pressure and holds out. If it successfully […]
So the idea behind the most recent call for the next rally looks somewhat like our first chart (fig. 1). It correctly sees the fact that Bitcoin shows relative strong upwards movement for the first time since breaking the major resistance level of $6000. It also takes in account that the RSI (Relative Strength Index) […]
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