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Pivot point is at 8459. Below this point, there is a bearish scenario, above a bullish one. In the green circle, there is a strong trend reversal pattern. However, it only caused a small upmove. This means that the bear trend is still effective. At 7567 and 7540, there are strong support levels. A break of these levels would open the way down to 5511. Should...

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This is a weekly chart back to 1995. As we can see, since 2012, the swings are getting smaller and smaller. This year, USDJPY is on a crossroad. Will USDJPY go up or down? It is very likely that it continues sideways after breaking the lower trend line of the triangle, as it fluctuates around the 112.55 level. When trading this currency pair, we have to be...

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Pivot point is at 4872. Above the Pivot point, there is a bullish scenario, below a bearish one. Fluctuating prices around the Pivot point mean a tempory sideway trend. In the 30 minutes chart of BTCUSD, we see a huge trend reversal pattern in the candlestick chart (green circle). In normal times, this would drive the market price up and up. However, there are...

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Pivot point is 8864. Below Pivot point, we will experience a bearish scenario, above a bullish one. BTCUSD broke the lower side of the purple triangle and dropped to 8400, closing at 9030. It is no more caged inside that violet triangle and it is free to drop further. There are only a few weak support levels and I expect a quick fall to 5511 and then a slower...

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Bitcoin is still in free fall. No more support levels to stop or decelerate the loss of value. There is still no safe ground to identify. I expect a temporary halt and a consolidation around the current level of 8900 USD per Bitcoin. In my opinion, this should be a good level for buying some Bitcoins for a short and risky ride upwards. However, during the last...

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While the day chart is still bearish, things look more optimistic on the 30 minutes chart.

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Pivot point: 11178. Above Pivot point, the scenario is bullish, below it is bearish. Pivot point and its support and resistance levels are strong barriers that cannot be easily overcome by the market price. Since January 17, 2018, the market price of Bitcoin is tending around Pivot Point and its swings are getting smaller and smaller. BTCUSD is heading straight...

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Pivot point: 11489 As long as the Pivot point is a support, the overall scenario is bullish. If the Pivot point becomes a resistance, the scenario changes to bearish. Close around the Pivot point, there is an undecided scenario with a sideward trend. Resistaces R1 and R2 and supports S1 and S2 are close together. Therefore, we expect a slow upmove with narrow...

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In the chart of BTCUSD, we can see three overlaid triangles of different time ranges. This overall picture matches perfect with the otherwise undecided situation. A triangle is a trend continuation pattern and often easily to interpret. An outbreak of a triangle is usually a perfect starting point for a trade. However, right now, it is not even easy to decide,...

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On January 17, 2018, BTCUSD entered todays Pivot Point System with the Pivot point at 10942. Bulls and Bears are in an equilibrium and the situation is undecided. The swings around the Pivot point are getting shorter and shorter. Because of the short swings and the wide spreads, it is no more profitable to trade the short swings. If things develop like in the...

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Since four in the morning, Bitcoin only knows one direction: down, down, down . Pivot point is at 11220 and could be easily broken. Support line S1 at 10749 just caused a small delay. Right now, support line S2 at 10381 is ahead of us. Will it break or send BTCUSD upwards again? The long-term targets of this down-trend are 9005 and 5568.

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The yesterday’s scenario continues. Bulls and Bears are still involved in a battle. In the above chart, we see three green dashed lines. They mark the middle term downtrend. BTCUSD is testing the upper green channel line right now. The lower side of the violet triangle is the Pivot point at 11067. What is the Pivot Point? The Pivot point is calculate based on...

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Good Morning! A beautiful day with a lot of sunshine is ahead of us. What about Bitcoin? It is still testing that short-term target line at 12260. If it cannot break that line, we remain in the bearish scenario with targets at 9005 and 5594.

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Bitcoin lost ground and falls and falls… Here is a list of the reasons for the current pressure on the price of Bitcoin: • Plans of South Korea about banning cryptocurrencies in the future. • China ordered the exit of cryptocurrency mining and transaction verifying. This is due to heavy power consumption. • Currently, China hosts 80% of the computer capacity...

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As we can see in the main chart above, Bitcoin price reached the red dashed line and the fight between Bulls and Bears is under way. Yes, it is the small area marked with a circle where Bulls and Bears are involved into a heavy fight about the direction of the Bitcoin's price. I will publish an update, which will show the area inside that circle maginfied in a...

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Dear friends. Here is my question: Is this Flag a bearish trend continuation pattern? Will the price of Bitcoin soon drop to 5568? What is your interpretation of this pattern? The red dashed line is an important line. Above this red line, a beautiful bullish scenario is waiting which will promise Bitcoin prices of 22500, 24000 and higher. However, as long as...

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Why is that pressure on the price of Bitcoin? What is the reason for the huge drop in the price of Bitcoin? Why is the correction such excessive? Let’s have a look on the two main influencing variables. Criminal activities in the milieu of Bitcoin. Governments worldwide seized Bitcoins worth more than 3.8 billion USD . They started to sell this huge quantity...

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No transaction fees, enabling micro-payments and micro-donations is what made Bitcoin so popular. Bitcoin is an electronic crypto-currency not tied to any financial institution, which enables you to make international transactions outside of the banking system. Some big chain of stores are thinking about accepting Bitcoins on the checkout. These are the main...