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Bitcoin head fake south, trades higher
Last week’s big drop below the downtrend line appears to be a fake-out. Bitcoin now trading back inside the bullish pennant. Head fake south? On Wednesday of last week…
Crypto Marketcap Analysis
The total cryptocurrency market cap will be studied using TradingViews aggregate market cap data. The analysis will be done over a Monthly, Weekly and Daily chart review. Total Market…
Bitcoin (BTC) Continues to Consolidate
Bitcoin continues to range and constrict inside key Gann geometry. Bitcoin’s bullish pennant formation remains strong. Bitcoin’s Bullish Pennant The triangle pattern on the chart above represents the bullish pennant…
Bitcoin’s major Ichimoku resistance
We can identify the price action causes of why price is finding it difficult to move higher by analyzing longer timeframes with the Ichimoku Kinko Hyo system. Bitcoin’s Monthly…
Cryptocurrency Point & Figure Analysis
Point-And-Figure Charts monitor only – no time factor is involved. As such, Point-And-Figure Charts are a price action purists chart style. Bitcoin (BTC) Bitcoin’s Point & Figure chart confirms…
Bitcoin teasing at a major breakout
Key resistance levels continue to be tested. Fake-outs higher and lower have occurred. Bitcoin teasing with a breakout or breakdown On the chart above, there are two sets of downtrend…
Bitcoin hasn’t done this since January 2016
The US stock market suffered the worst daily loss of 2019. Investors have fled risk on markets and have flown to the Japanese Yen, Silver, Gold… and Bitcoin. Equity…
10 Simple Rules for Trading Cryptocurrencies
Having rules is essential to becoming profitable as a trader. Rules keep you grounded and, if followed, can avoid making risky and unprofitable decisions. The following are some of…
Bitcoin dropping to 8k is essential
Lower Bitcoin prices are probably necessary and altcoins would benefit. Bitcoin consolidating, flagging, but under threat Bitcoin has been consolidating over the past four days, with some definite fake-outs…
Bitcoin Weekend Ichimoku Analysis
Analysis of Bitcoin’s current trading behavior on the Daily, 4-hour and 1-hour timeframes using the Ichimoku Kinko Hyo system. Bitcoin (BTC) Daily Ichimoku Chart Bitcoin continues to show…