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Below you'll find a list of all posts that have been tagged as “bitcoin price”
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 …
Originally published in a Bitcoin BullBear BTC/USD short term update issued on 3/5/2014. Chart #2: We also want to take a look at the normal scale 2day chart for a better look at the medium term technicals. As you can see, the market has yet to break out of the triangle pattern, moving right up to the upper trendline before consolidating back into the mid 600’s $. We see this as healthy market activity, but there could be some further weakness before the triangle breakout is complete. Regarding the indicators, the MACD is very close to crossing over and turning …
Originally published in the Bitcoin BullBear BTC/USD short term update issued on 2/12/2014. Short Term Outlook: (SHORT TERM DOWN UNLESS 1163 $ IS BROKEN; VERY SHORT TERM DOWN UNLESS 995 $ BROKEN) After encountering more negative news (transaction malleability) the market has remained surprisingly strong (Bitstamp) as the current pattern formation continues as it has over the past few weeks. We take a look at the 60min chart for a near term perspective as there are some very interesting things happening technically at the moment. First, the pennant remains intact as support at 620 $ has held and the market …
Originally published in the Bitcoin BullBear BTC/USD short term update issued on 2/10/2014. General Market Commentary: **Today we say farewell and good riddance to Mt. Gox as an exchange worth covering in our analysis. Bitstamp will now be the primary exchange for Bitcoin BullBear BTC/USD market coverage.** There is little doubt that the past five days has tested the bitcoin community, as well as investors’ patience and fortitude. Mt. Gox has singlehandedly damaged the exchange ecosystem by scapegoating an already known protocol inconsistency, most likely for their own gain (or survival). Although it is somewhat troubling that transaction malleability is …