EdC

EdC

This zoomed out Bitcoin/USD chart highlights the crashes of June 2011, April 2013, and late November 2013. Also noted, is the hype of Bitcoin during these crashes by looking at Google trends on Bitcoin: www.google.com.au Bitcoin search popularity seem to have a similar exponential behavior as the price movement during each crash.The search trends tend to keep...

EdC

I found this interesting pattern while playing around with trend lines. I've chosen neutral on this analysis because of conflicting observations. Although the pattern looks great, the order book currently shows more offers than bids, in particular from prices 5600 upwards. At the end of the 3rd wave (the end of the 3rd arrow) on the 26th of November, at that...

EdC

An update on the current price action and possible psychology of the market. Key point: Trend support lines have shifted higher.

EdC

Overall view bullish, but not without obstacles in the way. There are at least 3 more resistance levels to break through before buyers are convinced to jump in and sellers are convinced to pull out at the high.

EdC

Possible Fibonacci retracement level at 50%.