Category: Bitcoin

Bitcoin Technical Analysis for 11/18/2015 a wave is coming

The recent drop from $334 to $321 this weekend ended up being a sneaky bear trap. Lately, the market has been quite volatile and as mentioned in our previous technical analysis bitcoin trading has been choppy. As Monday hit, so did a few major buy orders causing the price to jump back to $335. The $336 zone is an important pivot point, it served as resistance a few times this past week accompanied by …
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Bitcoin postmortem technical analysis for 11/11/2015

The market seemed hopeful this weekend but all came to an end on November 10th when Bitcoin dropped over 20%. During the rally, Bitcoin received much mainstream attention with articles coming from CNN, Bloomberg, and New York Times. As a result, many new users found out about Bitcoin and purchased some to join the rally. However, with the recent collapse in prices many are left with a feeling of disappointment …
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Bitcoin Technical Analysis for 11/8/2015 Stability in sight

This weekend has been nothing but boring in terms of market activity. Last week was one of the most exiting weeks in the last few months, and now the sea is calm again. Is there a volcano brewing underneath ready to set the bitcoin ship to the moon or is there a tornado coming that will wreck the ship into a million pieces. In our previous bitcoin technical analysis on …
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Bitcoin Technical Analysis for 11/7/2015 The calm before the storm

In our previous technical analysis for 11/6 we speculated that if prices hold steady for the next day there may be a sign that stability is here. The recent bull run signaled the completion of the 1 year long bearish market. Because of the sudden decrease in trading volume post the bull run, we speculate that the market will try to stabilize between strong support and resistance orders. pantheo from tradingview suggests that …
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