CoinCrack

CoinCrack

It's not fair to say we've ever seen the 50 day MA cross the 200 day MA to the upside on decent volume. The first time around (early 2012) was so early on, however lead to a 2 year rally. The second time around (July 2014) was on very low volume and couldn't break above recent highs so broke down. This time around, we have decent volume, already above recent...

CoinCrack

When will it begin? if at all. Detailed analysis here: coincrack.com

CoinCrack

Minimal update with some news stories added. We're riding that upper trendline HARD likely all the way down to that center support line. More detailed analysis to come.

CoinCrack

The Best Bitcoin Chart gets it's first update since being based on Mt Gox prices. Now based on Bitstamp price and includes news events. Clearly BTC has broken below it's upper support and now the 200 day SMA as well. In the grand scheme of things the trend is your friend and from a logarithmic point of view, recent setbacks have in no way reversed the upward...

CoinCrack

Obviously there are some huge differences between the two, but it's looking like a similar setup.

CoinCrack

Today's setback brought to you by MtGox brings us into a solid support range. Notice we're still well within stage 3 and found considerable support well above the trendline. Before today, the price was pegged around the $1,000 which is a psychological resistance level. What does that mean? Take this example: "Bitcoin is worth over $1,000!" vs "Bitcoin is...