In the previous analysis, I talked about how to measure if the market is rising too fast and what would need to happen to see a retrace to cool the
As I predicted the big resistance at $13880, the 2018 yearly open, was not that big of a resistance after all because of how slowly the price rose to it.
Bitcoin price got above $14k for the first time since the all time high top almost three years ago. Let’s start from a long term view, from the monthly candle
Seems like the important support level at $10k-10.5k held strong and now we have seen a nice little up move from there. As we can see from the weekly chart
The Bitcoin market looks overall bullish. We are not going up at the moment, but we are consolidating and holding above the important supports. I try to explain what needs
We have seen a small move down in the past few weeks and the price has tested an important support level. On the weekly chart we see that this down
Like I predicted in the previous analysis, the market indeed is bullish. Finally the consolidation period has ended and we got a nice breakout above the important $10.5k level. Let’s
Bitcoin price hasn’t moved much in the recent weeks. We are consolidating strongly inside a tight range. While the market is not trending it is better to sit on your