Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I pulled up the 4hr after creating a new ATH only to be dashed by a significant drop. Lots of traders were left scratching their heads and wondering why they woke up to liquidation. Well that is what happens when you refuse to set a stop loss. This dump happened in the middle...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the daily time frame pulled up after a great monthly close yesterday. You may have seen this posted already but this is the highest close to a monthly candle since the ATH back in 2017 of 20k. If you are not bullish at this time you are crazy. This week saw us break...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up and we seem to be clinging to 11k pretty well. We are in consolidation at the moment which is not very surprising after a pump from 9200 - 11400. My setup is finally catching up with the candles and this should make analyzing the chart that much...
Good morning ladies and gentlemen and welcome to the bull parade. We came within 400 dollars of closing an age old gap at 11800 and things are looking pretty good for Bitcoin at the moment. Once you see a big pump like we experienced over the last 36 hours traders tend to take profit and we did have a retrace from 11400 down to 10500 before settling at 10850 where...
Good morning ladies and gentlemen! Welcome back to my daily analysis of Bitcoin. Today I have the daily time frame pulled up after a pretty lively weekend. The weekly close was a strong green candle yesterday and the weekend brought us 5 figure BTC once again which is a much welcome surprise to the bulls. The momentum still seems pretty strong but I see some other...
Good morning everyone and welcome back to my daily analysis of Bitcoin. Well we finally did it and broke 10k a few hours ago but have since retraced. 9900 is still nice to see though. As the west wakes up it looks to me like we finally broke above the 2.5 year resistance but the fomo hasnt really kicked in. I have a close eye on the charts though as I am waiting...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the daily time frame pulled up and I see we are in a decent position from what I see with my trading set up. We have been stuck in the cloud for nearly a month and we finally broke out of the tight consolidation of 9200 this week There were indications of this move I...
Good morning again everyone and welcome back to my daily look at Bitcoin. Today I have the daily time frame pulled up after a decent day of ups and downs. We got close to 9700 during the day yesterday and that is nice to see after spending so much time at 9200. Support is building up below us and that is another promising development. Lets take a look at what the...
Hello again everyone and welcome back to my daily look into the wonder that is Bitcoin... I have the 4hr pulled up once again after another night of solid gains. Those bulls are relentless. 9400 proved to be weak and the resistance finally gave in over night. With 9400 firmly at our backs is it all blue skies and rainbows from here? I see a few things that excite...
Good morning again everyone and welcome back to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up and I see we settled just below 9400. It was nice to see us break up from the 9200 level we have seemingly been stuck in for decades. There is still a long way to go though before we break this 2.5 year ultimate down trend. The more time passes...
Well good morning everyone and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up after a pretty decent move over night. We smashed through the building resistance showing the bulls are simply just not ready to give 9k up. Things were looking bleak folks. I was ready for a drop and you all know this if you read my analysis. I cannot tell...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I pulled up the 4hr after the weekly close yesterday evening and I dont see much in terms of movement as of yet anyways. The bulls and bears are locked in a power struggle and the line in the sand it 9k. We have been in this mode of consolidation now for what seems like an...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Not much has changed in terms of price action so I flipped to the daily and decided to analyze that for you guys and gals. We are in some really tight consolidation at this time. We have been for ages now. 9k is some strong support. But the longer we stick around this level the...
Good morning everyone and welcome to my daily analysis of Bitcoin. Today I have the 4hr pulled up and things are looking surprisingly similar to yesterday analysis. Resistance is holding strong and the bulls are looking weak at the moment. We do still have some support below us that could keep up above 9k for the weekend but this whole 9k stable coin thing Bitcoin...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr pulled up after a pretty boring day yesterday in terms of price action. Small swings all day not amounting to much. Regardless we are still managing to hold onto 9k for the time being. Call it a miracle or whatever you want but these bulls are extremely...
Good morning everyone and welcome back to my daily analysis of Bitcoin. Today I pulled up the 4hr after a plunge over night. The plunge wasn't major and support caught the drop... We kissed 9050 approximately before a slight recovery to 9100 where we currently sit. This shows there is still buy pressure at 9k. But the recovery wasn't significant therefore when the...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the daily time frame pulled up mainly because I rely on the 4hr time frame more often than not and I thought I would keep things interesting. The daily time frame is the most important time frame if you ask me. The 4hr just works so well with my chart set up sometimes...
Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4hr time frame pulled up after a fall from support overnight. We are still above 9k at the moment and I guess we could consider that a win but how long can this keep up? Can we recover these recent losses??? Lets take a look at the charts and see what it tells us....