Bitcoin ‘GOLD 2.0’ Overview: Bitcoin have tried to push above the resistance between 10400-10500. The last 24hours saw price being rejected to just above the 10k mark. This whipsawing action is to be expected considering this 10k magnetic zone as it is a very evident whole number and the resistance at higher values. Bitcoin remains in the upward channel which...
Bitcoin ‘GOLD 2.0’ Overview: What a week of trading we are seeing transpire. The upward channel on the daily continues to hold price action and although yesterday price tested higher we have sunk a little. Momentum is on the buy side and the fact we are above the 10k Magnet zone is showing signs of confidence to the Bulls. We all know this beast can change in a...
Bitcoin ‘GOLD 2.0’ Overview: It’s heating up. A lot more bitcoin is moving from wallets to wallets and to and from exchanges. Is it the 10k whole number? Are we setting up to go higher? Is it because we have less than 90 days to the Bitcoin halving? From yesterdays open we dipped and then in a hour candle jumped $400 in a move. What’s important is this daily...
Bitcoin ‘GOLD 2.0’ Overview: Below 10k we’ve fallen. As per the chart the upward channel is holding price. Price could test the 9600-9500 region as support before a bounce. The 10k zone may cause some consolidation action if price stays at the same levels. Today’s point of interest is the amount of large transactions over the Blockchain from Exchanges to Unknown...
“Don't blindly follow someone, follow market and try to hear what it is telling you.” - Jaymin Shah Bitcoin ‘GOLD 2.0’ Overview: Today we look at the Bitcoin Weekly chart. Yesterday we spoke about bitcoin Buyers potentially pressuring the market to make diamonds to pop the 10,000 USD mark, and they did. 💎 We now sit above at 10,150 with todays opening candle....
Bitcoin ‘GOLD 2.0’ Overview: 4 Days of upward momentum has seen bitcoin rise above a 41 one hour candle lick @ 9750-9800 region. Today could see price continue up the channel and fight 10,000 for the first time since last October. 10,000 will act as a big magnet and resistance at present, making it interesting with this weeks price action. For those long and...
Bitcoin ‘GOLD 2.0’ Overview: We see price testing and testing 9800 trying to gain some power to the upside but get beat down. Range bound within a 4100 here. Very interesting spot to be in. A break above shows less clutter (previous price action) since Nov last year. Take note of price action within the yellow upward channel box and how price plays out the next...
Bitcoin ‘GOLD 2.0’ Overview: The bulls have printed some solid candles the last 2 days to escape the clutter around 9400. We wanted to see price close above 9800 for more dominant strength from the buying side. Price continues to flow in an upward channel on the daily and although fighting 9800 a pop into the weekend could happen, although where price settles is...
Bitcoin ‘GOLD 2.0’ Overview: Bitcoin has shown a +$450 move to the up side sitting above 9600. This upper trend channel is holding with price action continuing to flow between it. The last few days we’ve been focused on the ‘Triangle of interest’ to watch price action break below or above. We’ve seen a break to the upside of the triangle and a close above 9600...
Bitcoin ‘GOLD 2.0’ Overview: Price is dropping for the 6th day in a row. We have range bound chop happening atm and Bitcoin looks to be dropping to the 9150 region and potentially the bottom of the triangle on the upward trend line. We are sitting idle until price proves itself in a direction. Support Levels: 9150 is support Resistance Levels : 9400 is a...
Bitcoin ‘GOLD 2.0’ Overview: Price finds itself again back at the 9400 zone after After yesterdays run up to 9600. We have range bound chop happening atm and are looking for bitcoin to break in a direction. We are sitting idle until price proves itself in a direction. As yesterday, the trend is getting increasingly stronger to the upside. Support Levels: 9150...
Bitcoin ‘GOLD 2.0’ Overview: Price finds itself again back at the 9400 zone after After this weeks run up to 9600. Hopefully this wee price action can be decisive and not have range bound chop. We are sitting idle until price proves itself in a direction. The trend is getting increasingly stronger to the upside. Support Levels: 9400 is support which price is...
Bitcoin ‘GOLD 2.0’ Overview: Price is back at the 9400 zone after dropping from a high of 9500 region over the last couple of days trading. After this weeks run up a breather is acceptable and we are happy to see it finding support here and not dropping like a rock. This shows more strength to stay still and with around ~100 days ‘until bitcoin becomes more...
Bitcoin ‘GOLD 2.0’ Overview: Interesting price action with the hourly chart printing a candle down through 9150 support to pump through the 9400 resistance (over $350 in the move) which now becomes support. 9400 held for 3/4 of the last 24 hours price range as a major battle zone (check the 5minute to see how many time it licks it). This new support will be a...
Bitcoin ‘GOLD 2.0’ Overview: Price over the last 24 hours has been rangebound. This is to be expected after it’s pop from the 9150 resistance (now support) it brokeout of. The bulls need to show some power to get above the 9400 resistance area with the next area looking like 9800. We could see the bears pull this back down to 9150/9200 area if the bulls can’t...
Bitcoin ‘GOLD 2.0’ Overview: Pop, there goes bitcoin to the upside before the daily candle open. We look to be confirming an upward channel after coming out of some heat from the downward price movement from the 29th June 2019 high. Bulls will need to show some straight today to keep price above the 9400 resistance that we have opened on. We could see a pull...
Bitcoin ‘GOLD 2.0’ Overview: Price has moved $950 the last three days forming a double top into resistance at the 9150 level. If bulls can penetrate this we will be looking to close the month at the 9500 zone. However we could see a push back down after 3 solid days of buying pressure. Support Levels: 8650 shows an area of solid support to protect the bulls...
Bitcoin ‘GOLD 2.0’ Overview: Price broke the 8650 Support which now acts as resistance coming into the weekend. Let’s remember that we might see less volatility and volume due to Chinese new year starting on the 25th. We could see price trial down and consolidate between 8100-8200 for the weekend whilst other traders digest what’s occurring. Support Levels: ...