MBitcoin

MBitcoin

Long range candle stick on the daily chart that manage to deny 2 lower highs, that's a powerful message from the buyers and it seems like the price is building it's own path towards new highs in order to plant the seeds for a higher low in the monthly chart. The price is building a new higher low in the monthly chart and it could bring more buying power to the...

MBitcoin

Good Morning Bitcoiners, It was a very interesting weekend for everyone, specially the buyers that have full control over the price and once again the volume seem to show up just at the right time. New movements in the major time frames are showing that the two higher low's (weekly/3Days) can bring more volume and more momentum to the potential rally during the...

MBitcoin

Good Morning Bitcoiners, The 3 day chart and the daily chart are both showing higher lows and potentially a new message advising that buyer are almost done with the sellers and a potential up trend towards $1,099.99 will be on it's way. Before that, the price will need to break the daily highs from yesterday and that will trigger the trend and eventually a new...

MBitcoin

Good Morning Bitcoiners, The 3 day chart and the daily chart are both showing higher lows and potentially a new message advising that buyer are almost done with the sellers and a potential up trend towards $1,099.99 will be on it's way. Before that, the price will need to break the daily highs from yesterday and that will trigger the trend and eventually a new...

MBitcoin

After the sell off experienced yesterday, we still have a weak price and the high volatility continues. The weekly chart shows a previous over extended trend and a bullish flag formation. 8 out 10 times over extended trends (up/down) tend to fail when it try to build new patterns and in this case the bullish flag was denial the by the sell of that we all...

MBitcoin

Lower High failure. because of the over extended down trend.

MBitcoin

After seeing the bullish Sandwich in the weekly chart, it seems possible to penetrate major resistance ($148.19) and after that the next target could $155.00. Having said that, the price still absorbing the whole area and the new pattern in 240 minute chart (break down failure) was the first signal to keep the primary hypothesis in place. I would love to say that...