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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: After Sudden Upswing, Bitcoin Price Drifts Downward

MARKETS Bitcoin Schmitcoin -
It’s entirely possible we rally to new highs from here, but for now the bitcoin market structure is bearish as we have failed to break resistance, push new highs and break out of the supply-and-demand channel.

Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance

MARKETS Bitcoin Schmitcoin -
There are major resistance levels to consider when viewing the health of the bitcoin market, but given the strength of the current move, it seems likely we will see a continuation of the uptrend in the price of bitcoin.

Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

MARKETS Bitcoin Schmitcoin -
The $3,000 level is one of the few established levels that has proven to hold up during a support retest, and right now, it looks as if the price of bitcoin will get a slightly deeper test of the $3,000 values.

Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

MARKETS Bitcoin Schmitcoin -
Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market as it prepares for bitcoin’s next price move:

Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

MARKETS Bitcoin Schmitcoin -
For the last week, bitcoin has been pretty tightly coiled in a relatively narrow range. A breakout of the range in either direction will likely yield a strong continuation in the direction of the breakout.

Bitcoin Price Analysis: Strong Impulse Tests Macro Support Levels

MARKETS Bitcoin Schmitcoin -
Remember: We are still in a bear market. Just because bitcoin saw a couple of weeks of strong demand, that does not negate the previous months and months of downward pressure.

Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

MARKETS Bitcoin Schmitcoin -
For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and...

Bitcoin Price Analysis: Strong Rally Tests Overhanging Resistance

MARKETS Bitcoin Schmitcoin -
Bitcoin has enjoyed a 25% rally over the last few days. But at the top of its current rally, we see a Gravestone Doji setup that could potentially lead to a bearish reversal.

Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

MARKETS Bitcoin Schmitcoin -
Bitcoin has dropped 50% in 1 month and continues to test previous support levels. We are currently experiencing a breakout of a massive bear pennant that has a price target of $1700.

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

MARKETS Bitcoin Schmitcoin -
After bottoming out around $3,500, the price of bitcoin enjoyed a near 25% rally where it is currently testing the resistance of its macro 78% retracement.
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