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Originally published in a Bitcoin BullBear Market Update on 10/8/2014.  Partial excerpt only. Written by @AKWAnalytics. It has been a fascinating week for us technicians as the price action in bitcoinland has given us alot to chew on. Of course we must mention “bearwhale” seeing as though he unleashed the largest single sell order in BTC history only to be rejected to the upside… So, in the midst of the panic selling that occurred on late Sunday afternoon, some genius decided to send 30,000BTC to Bitstamp to sell into the madness. When the order showed up, prices fell 10%, then it was …

Originally published in a Bitcoin BullBear Market Update on 10/1/2014.  Partial excerpt only. Written by @AKWAnalytics. Market Commentary (BTC):   Compared to the past month, the past week has been relatively mild in term of news flow and price action. We find this interesting given that when the good news was pouring in, prices were cratering, but now that the news has subsided, the market has stabilized. We are not sure if this phenomenon has any relevance in terms of the longer term forecast for bitcoin, however we do find it curious and somewhat telling in the short term. It does is help …

Originally published in a Bitcoin BullBear Market Update on 9/24/2014.  Partial excerpt only. Written by @AKWAnalytics. Market Commentary (BTC):   Whether its news of PayPaly working with BitPay or Alibaba sucking capital from the bitcoin market, the theories abound as to what is currently driving the price. As always, we think the technicals precede price and are the true driver of bitcoin prices. Following the PayPal news yesterday, there was a ton of chatter on social media about how the yearly lows were in and that a new bubble was underway. Given how closely we monitor and analyze the market, we were skeptical …

Originally published in a Bitcoin BullBear Market Update on 9/17/2014.  Partial excerpt only. Written by @AKWAnalytics. Market Commentary (BTC):   At this point there is no use fighting the trend as it seems that no amount of good news is going to push BTC higher.  That is a hallmark of a bear market, which tells us that the Spring rally was a false bubble and an extended period of consolidation is at hand. When a market cannot go up on good news, it means that there is an overhang of supply, and that demand cannot overweigh that supply coming to market.  Until recently …

Originally published in a Bitcoin BullBear Market Update on 9/15/2014.  Partial excerpt only. Written by @AKWAnalytics. Market Commentary (BTC):   When we said on Friday that we didn’t expect much action in the bitcoin markets over the weekend, we didn’t mean NO action!  It is difficult to remember a time when the waters were seemingly so calm in Bitcoinland, excluding seasonal factors.  We have been closely monitoring the charts over the past 48 hours, and at this point it is honestly anyone’s guess as to where this thing is going. Anyone claiming otherwise is mostly likely trying to sell you a bridge.  That …

Originally published in the Bitcoin BullBear Weekly Report on 9/10/2014.  Partial excerpt only. Written by @AKWAnalytics. Another week of very bullish news for bitcoin, and another week of little to no reaction in the market. The PayPal news was unequivocally positive, however there were mixed feelling about ApplePay, to say the least. All in all, we remain neutral for now, but we are growing more bullish as support levels hold. So, our view on ApplePay is simple. It’s a great thing for Apple, a great thing for the world of mobile payments, and will one day be a small, but important, …