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Bitcoin Schmitcoin

Bitcoin Schmitcoin
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Aerospace engineer turned crypto-market analyst. Bitcoin Schmitcoin became popular within the subculture of the Reddit communities and now posts his daily thoughts and market outlook via Twitter and his regular stream on Twitch.tv.Bitcoin Schmitcoin on Twitch.tvBitcoin Schmitcoin: YouTube

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

MARKETS Bitcoin Schmitcoin -
The market has continued its slow upward drift into overhead resistance. Slowly but surely, we are testing all the resistance.

Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

MARKETS Bitcoin Schmitcoin -
Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds.

Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

MARKETS Bitcoin Schmitcoin -
Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row.

Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

MARKETS Bitcoin Schmitcoin -
Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant.

Bitcoin Price Analysis: New High Paves Potential Reversal Setup

MARKETS Bitcoin Schmitcoin -
Bitcoin finally broke a new high but was rejected immediately, setting us up for a reversal called a “Swing Failure Pattern.” The failure to close above the new high could mean the a liquidity run took place for large institutions to short the market.

Bitcoin Price Analysis: Short-Term Support Breaks on High Volume and Spread

MARKETS Bitcoin Schmitcoin -
Bitcoin broke short-term support on high volume and high spread. The support came on the heels of a week-and-a-half-long consolidation within a narrow range.

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

MARKETS Bitcoin Schmitcoin -
Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the...

Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

MARKETS Bitcoin Schmitcoin -
Over the weekend, a strong round of selling wiped out a week and a half’s worth of buying pressure.

Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

MARKETS Bitcoin Schmitcoin -
This is still a long way away, but there is even a possibility that bitcoin will test the $5,000 range as this is the price target for the macro symmetrical triangle consolidation.

Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

MARKETS Bitcoin Schmitcoin -
Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:
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