Bitcoin pumped from 9,200 dollars to 9,700 dollars. It didn’t blast right through the important 9,400 dollars and the 9,600 dollars resistances, but instead saw a nice rejection at first. This is a good sign because it indicates that this could be a healthy, sustainable move up. A pump that takes out all resistance rapidly …
Why this pump is even more bullish than you think Read More »
You know the classic “send me one Bitcoin and I’ll send you back two” scam. If Obama’s, Biden’s and Musk’s official Twitter accounts say that, you also know that they got hacked – and that’s what happened last night. In front of the combined tens of millions of followers, Bitcoin once again demonstrated that it …
How the Twitter hack could impact Bitcoin’s price Read More »
We know why Bitcoin is not going up – the resistance is just too strong and we see rejection after rejection. However, now we might also know why Bitcoin doesn’t go down: Grayscale is buying. Just recently, Grayscale published their Q2 2020 numbers and revealed that they bought Bitcoin worth $750 Million during that time. …
Bitcoin is still trading sideways, and there are two ways of looking at this: Either, it could be seen as Bitcoin being eager to break out of the down trend, or it could be seen as Bitcoin being just too weak to break out. ETP is a seemingly insignificant altcoin, except for the fact that …
Why this altcoin could foreshadow a Bitcoin dump Read More »
A few days ago, Bitcoin once again went up to 9,200 dollars resistance. Instead of getting rejected, it continued its move up and seemingly reclaimed that 9,400 dollars level. However, those are small moves. There’s not a lot of volatility and Bitcoin almost looks a bit boring. This reminds me about the sideways trading in …
Could this be the first sign of an incoming bull run for Bitcoin? Read More »
Bitcoin has now been trading at the lower trend line of the big ascending channel on the daily for a week now. If Bitcoin dumps out of that channel, another retest of 8,800 dollars could be the next step and if that level doesn’t hold, a fierce dump down to 7,800 dollars could be the …
Why this fundamental reason could support a bull run Read More »
Bitcoin is still looking pretty weak. Last night it managed to climb up to 9,220 dollars but was once again rejected by that horizontal resistance. However, this move up had something positive: It triggered my short position. After around 16 hours, my first target at 10% was hit. With the SL at my entry, it’s …
What this bearish divergence on the daily could mean Read More »