Good morning Ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4 hour time frame pulled up after holding onto 60 K more or less throughout the day yesterday. I guess we can pat ourselves on the back for that. Meanwhile we do have some bearish news that I will address through this analysis. I also have some good news as well so...
We are right where we started back when Bitcoin was at $15,000 USD... The market looks overbought but the Bitcoin price continues to increase.
Let's have a look at the shady price action:
First, looking at the 1H timeframe, we have these steep drops that are quickly bought up, as if some magical entity/ies is trying to shake people out of their Bitcoins.
We...
The "Stimulus Pump" is real and it is now being felt on the Bitcoin's price.
Ever since the 1.9T Covid checks were approved this past weekend, we have been seeing the bulls jumping back on top.
Now that the news is in, prices are starting to go back up.
The last high is the next resistance at $58,350 but we can go higher based on the short-lived retraces and...
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr time frame pulled up again after a decent bounce. We are in much better shape than yesterday and things look prime for another possible higher high. Anyways lets take a look at the charts this a.m. and see what we can see.
The bulls woke up...
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr and things are going like I assumed they would since I recognized this pattern. Support and resistance are clearly defined and now its just a matter of escaping this consolidation! I am going to try something a a bit different today and...
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up after a nice little bounce from support. Can the bulls keep the momentum going though? We have retaken some lost support so things definitely look better today than yesterday in my opinion. Anyways lets take a look at the charts.
I can see...
Good morning again everyone and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up and I can see we are holding on to 45 K by the hair on our chinny chin chin. Weekends are known for being low volume event so this doesn't surprise me too much. But will Monday result in a green candle or two? That's the question on...
Good morning again ladies and gentlemen and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up as it is really doing well with my trading set up at the moment (50 MA, 200 MA, Cloud) The bears have made their presence known once again as the candles dropped from roughly 60k to 45k in a matter of days. I know that...
I am changing my stance on bitcoin with this post.
I was skeptical about cryptocurrency as they seemed like a financial gimmick (Also because I'm a buffet disciple and he had different views on it) but not anymore. Not because I understand bitcoins or cryptocurrencies but I can sense the pattern where the fiat currency will be eliminated by this new format of...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the four hour time frame pulled up after a new all-time high overnight. We hit around 49700 + and things still look good from the Bulls perspective. I do have a few things I want to cover so let's get this party started y'all.
First of all I want to keep it simple...
Om Namah Shivay
The bitcoin cash looks going strong from the recent low. This is a big picture analysis which looks further opportunity to upside.
Om Namah Shivay
Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Today I have the 4hr time frame pulled up after a nice little run to start the weekend off. We have cooled off a bit since the $40850 high we saw yesterday but there is still reason to be bullish. I will explain... So pull up a seat and lets get this party...
Good morning again ladies and gentlemen and welcome back to my daily look into the world we call Bitcoin. Today I have the 4hr time frame pulled up after retaking some serious support. The question is will it last? The bulls have awoken early today and if the bears sleep in we could see some gains today. But only time will tell if that will be the case. So lets...
Good morning ladies and gentlemen and welcome back to my daily look into the world of BItcoin. Today I have the daily time frame pulled up believe it or not and I can see we are still clinging to 30k. The bulls have dug in and the bears are plotting their next move. We may have a better idea of what comes next towards the end of January. I will explain why I feel...
Hello again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up (believe it or not) and we have plenty to discuss today. The bears struck this week and let us know they are still a force to be reckoned with. But the bulls rallied back. Can the bulls keep the momentum or will we see a bear attack this coming week....
Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up after losing a bit of ground over night. No sweat though. We are still sitting at 39k currently and that is something to be proud of. Its well into the new year and we are still clinging to the gains we have seen over the past few...
Good morning again ladies and gentlemen and welcome back to my daily look into the charts of Bitcoin. Its Christmas and I guess we all got the gift of a new ATH today. Nicely done bulls! Nearly kissing 25k is something to be proud of and we should all pat ourselves on the back for putting up with the last 3 years. As we sit in uncharted territory can we break 25k...
Good morning again ladies and gentlemen and welcome to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up and I can see we are starting this day off right. The bulls just wont relent and we are knocking on 24k's door once again. Nice work bulls! There are still approximately one more week left in 2020 and I would love to see us end the year...
