Howdy traders, let's have a look at Bitcoin.
Bitcoin.
The bulls have failed to keep the momentum going after a spike in price triggered by panic hedging from Tether into Bitcoin.
We're back to grinding at support as the market is once again trying to absorb mounting shorts pressure.
As you can see in the chart above, the shorts are creeping back up...
Hi traders, let's have a look at the market.
Bitcoin.
Apologies for missing yesterday's market update, passions were high and it didn't seem like a good time to do some objective analysis on the market.EDIT:
I realized that I did all my TA on a USDT chart, since Tether isn't pegged 1:1 to the dollar anymore just keep in mind that the "real" price is lower....
Hi traders, let's look at the Bitcoin (BTC) and Ether (ETH) markets.
Bitcoin.
The price of Bitcoin dumped over 4% yesterday and is now back into what we believe is the next market cycle's accumulation range.
This is based on the structure of the market today
and back in 2015.
Shorts spiked on this occasion and we expect them to pile back up into...
Hi traders,
To save you precious time, we've summarized our thoughts on two charts.
This analysis assumes that Bitcoin has bottomed and is pending fundamental news to start a new bull run.
Note the similarities in structure between the market in 2015
...and 2015.
We believe the market is in "waiting mode" pending more some more fundamental news...
