Category: Bitcoin

Bitcoin Technical Analysis for 12/1/2015 – Key Pivot at $369

Bitcoin hit a high of $382.40 yesterday, but the outlook has changed considerable over the past 24h. Price has now broken underneath $369! Why is this area important? The $369 price level is an established pivot zone. The market reacted quite strongly to this level on the 26th, when price staged a very rapid reversal once it high $369. The area also acted as support yesterday, so this level is …
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Bitcoin Technical Analysis for 11/28/2015 – Big Battle at $353

The price band between $352-$353 has seen quite a bit of action this month. In my previous Bitcoin technical analysis article from the 13th, I explained why this area is of great technical significance and why it is crucial for the market to surmount this area in the future. When the market encountered the $353 pivot for a third time on the 26th, it briefly traded above it for a …
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Bitcoin Technical Analysis for 11/22/15 sleuth fest

The sleuth of bears are creeping back into the market as prices fail to climb back up to the $330 levels. After 2 consecutive bear traps which were discussed in my last technical analysis, it looks like the bears at OKCoin are not giving up this time. One user on reddit got so fed up with the current trend that he decided to take matters into his own hands and shoot …
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Bitcoin Technical Analysis for 11/20/2015 backwash

This week has been quite a roller coaster in terms of price movement. Earlier this week the market had a mini $14 bull run which brought bitcoin to the pre November bubble range of $330. In my last bitcoin technical analysis I discussed how the price drop on the 15th was nothing but a bull trap. Whether the current drop will prove to be yet another bull trap is up for debate. …
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