June 4, 2014: Volatility Returns to Bitcoin Markets; LTC/BTC Looks Ready to Bounce

Originally published in the Bitcoin BullBear Weekly Report issued on 6/4/2014.  Written by @AKWAnalytics. BTC/USD continues the march higher as prices reach the first area of serious resistance since the bull market began. At this time there is little that leads us to believe that bitcoin will not push up past this range eventually, but the trek will be volatile and sporadic.  More good news for the cryptocurrency community as DISH Network accounced they would be accepting bitcoin for payment in the Fall of this year, and Apple seems to have lifted its outright ban on bitcoin transmitting apps. We …

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May 28, 2014: Bitcoin Market Consolidates Near Rally Highs

Originally published in the Bitcoin BullBear Weekly Report issued on 5/28/2014.  Written by @AKWAnalytics. Market Commentary BTC/USD continues to look healthy following a nice rally out of the downtrend wedge which sent prices up 30+% since the breakout. The market is now consolidating around the recent highs, which we view as healthy bull market activity. This pause should set the market up nicely for the next push above 600 $.  The major news over the past 7 days was most certainly the controversy surrounding the Willy Report, however as this point the market has pretty much brushed that off and moved …

May 22, 2014: Bitcoin Breakout Looks Real

Originally published in the Bitcoin BullBear Weekly Report issued on 5/22/2014.  Written by @AKWAnalytics. Market Commentary (BTC & LTC): Well, it was only a matter of time before the extremely low volatility and anemic volume had to stop, and that time came. From all indications, this is the first truly sustainable rally from a technical perspective that BTC has experienced in months. We see little reason to believe that things will reverse back down to the bear market lows, China included.  While we are hesitant to go full bull at this point, we see enough evidence to say that the bottom …

May 15, 2014: Bitcoin Market Steady as She Goes

Originally published in the Bitcoin BullBear Weekly Report issued on 5/14/2014.  Written by @AKWAnalytics. A plethora of positive developments in the bitcoin space seems to have put the brakes on the selling, at least for the time being. Last weekend saw this cycle’s version of “Custard’s Last Stand” as the shorts were unable to manufacture a selloff, even with more China news.  There are increasingly more signs this week that BTC wants to continue to put in a base at these levels as the short term momentum indicators are looking very good for the bulls and the longer term technicals …

May 10, 2014: Bitcoin forecast on track as bullish signs emerge

Originally published in the Bitcoin BullBear Weekly Report issued on 5/7/2014.  Written by @AKWAnalytics. Bitcoin Market Commentary There are some emerging signs that are making us question whether this bear market has run its course and a reversal is coming in the near future. First, technically speaking the markets are poised to go either way, but given that there has been constant pressure on the sell side for months, the fact that the technicals have held up like they have is truly impressive. Next, the last round of bad news out of China the past few days has not only …

April 9, 2014: Bitcoin markets stabilize as key dates approach

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April 3, 2014: China news slams bitcoin market

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March 28, 2014: Bitcoin Forecast remains active despite short term weakness

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March 20, 2014: No resolution in sight as Bitcoin market searches for support

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March 18, 2014: Bitcoin Market Creeps Lower

Originally published in a Bitcoin BullBear Premium BTC/USD short term update issued on 3/14/2014. Market Update: The 480min chart shows the market compression well as it is clear that the market is now getting squeezed by the short term EMA’s and the downtrend line and top of the Ichimoku Cloud.  The downtrend resistance is significant as the market has been unable to breakout above the medium term downtrend line for many months.  Also, given the continuation of the triangle correction pattern it makes sense to us that there would be one more leg to the downside to complete the EW …