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Cryptocurrencies

NEW 2018 LOWS NOW A REALITY 0

Bitcoin has broken below the $3,250 support to new 2018 lows, something I’ve warned about in my last few updates. I believe a drop to at least $3,000 is now

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Bitcoin and EOS Technical Analysis: LOOKING FOR BOTTOM 0

Bitcoin has dropped back into a known support zone between $3,400 and $3,250. It tried breaking above $3,400 again, but has been unsuccessful as of writing this update. If $3,400

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Bitcoin and EOS Technical Analysis: Waiting For The Bulls to Show Up 1

Since my last update, Bitcoin dropped to the prior level of support ($3,400-$3,250) I warned about. It’s shown some life over the past 24 hours, rising from $3,280 up to

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Bitcoin and EOS Technical Analysis: BEAR TRAP OR LOWER PRICES? 0

Bitcoin is currently dropping just below $3,600…a key support. If the daily candle closes below $3,600, I believe we could see a quick drop to at least $3,400. EOS has

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Bitcoin Technical Analysis: LARGER MOVE MAY BE COMING 0

Bitcoin continues to find support at $3,800. Zooming out on the 4 hour chart, we can see price continues getting squeezed within a larger wedge. This suggests a larger move

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Bitcoin Technical Analysis: Will Support Hold? 0

Bitcoin had been consolidating within a larger wedge since November 20th. Today it broke down and out of that wedge. It found support right on top of the prior support

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Bitcoin Technical Analysis: QUICK UPDATE 0

I’m on the road this weekend, so forgive this short post. I received many messages asking about the market. Rather than answer each one individually, I decided to post a

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Bitcoin Technical Analysis: TESTING KEY RESISTANCE 0

Bitcoin has been showing signs of strengthening over the last 48 hours. It tried to break above the key $4,400 resistance, but was rejected. It’s currently trading around $4,170.  Looking

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Bitcoin Technical Analysis: IS THE BOTTOM IN? 0

Bitcoin was able to break back above the critical $4,000 price point. It’s currently trading around $4,160. We’re seeing an uptick in volume, with buyers stepping in when price pulls

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Bitcoin and EOS Technical Analysis: SEARCHING FOR A BOTTOM 2

As of writing this, bitcoin is still consolidating around $3,750. The $3,600 support has held surprisingly well. If price can break decisively above $3,800, we may see a quick rise

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