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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

Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

MARKETS Bitcoin Schmitcoin -
Because of the parabolic rise last year, ether never managed to establish firm supports. Unfortunately, this means there is nothing to cushion the market as it moves lower and lower.

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

MARKETS Bitcoin Schmitcoin -
Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

MARKETS Bitcoin Schmitcoin -
Bitcoin has, yet again, seen another decline by over 15% in value. But while the move downward is unrelenting, the 78% retracement at $4400 may bring in a fresh round of buyers.

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

MARKETS Bitcoin Schmitcoin -
After months and months of consolidation, the yearly support finally broke and now the price of bitcoin has found itself in the lower $5000s for the first time since 2017.

Bitcoin Price Analysis: Weekly Consolidation Hints Toward Sustained Breakout

MARKETS Bitcoin Schmitcoin -
Bitcoin continues to wind tighter and tighter as both price and volume consolidate in a sideways fashion with both higher lows and lower highs.

Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

MARKETS Bitcoin Schmitcoin -
At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests.

Bitcoin Price Analysis: Bitcoin Consolidation Forecasts $3,500 Move

MARKETS Bitcoin Schmitcoin -
Tether/Bitfinex rumors have caused a massive tether premium to occur and, ultimately, resulted in a large bitcoin price discrepancy across multiple exchanges.

Bitcoin Price Analysis: Consolidation Primes Market for Big Move

MARKETS Bitcoin Schmitcoin -
Volume is highly consolidated and the market is ready for a large move — the question is, where will it move next?

Ether Price Analysis: Higher Lows Could Yield Retest of Local High

MARKETS Bitcoin Schmitcoin -
After two back-to-back weeks of record-setting volume, ether's price finds itself situated below historic resistance and currently unable to reach its downtrend line.

Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

MARKETS Bitcoin Schmitcoin -
There is a strong argument that the current bitcoin price consolidation is a reaccumulation trading range and could lead to a potential continuation of the uptrend.
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