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Bitcoin Price Analysis: Bears Take Bulls to Task with New Low

Bitcoin Schmitcoin -
In a surprisingly aggressive move, the price of bitcoin dropped $800 dollars in a few short hours.
MARKETS

Ether Price Analysis: Bullish Signals Show Strength in Ether

Bitcoin Schmitcoin -
Since bottoming in the mid $300s, ETH-USD has managed to almost double in price over the course of a month. The support at the...
MARKETS

Bitcoin Price Analysis: Market Direction Depends on Next Price Line Tests

Bitcoin Schmitcoin -
A large amount of supply is present as we test the current bitcoin price levels that also match the hypodermic breakout of last year’s parabolic trend.
MARKETS

Bitcoin Price Analysis: Bearish Continuation Pattern Could Signal End of Bullish Rally

Bitcoin Schmitcoin -
Over the last couple weeks, bitcoin has seen a dramatic drop in price dropping from $20,000 to $6,000. Shortly after bottoming at $6,000, hopeful...
MARKETS

Bitcoin Price Analysis: Bitcoin Bulls Find Respite Along Major Support Lines

Bitcoin Schmitcoin -
Over the last week, bitcoin has seen an aggressive markdown from the $12,000s to the $6,000s — a 50 move in 7 days. Right...
MARKETS

Bitcoin Price Analysis: Possible Bear Pennant Suggests End to Market Consolidation

Bitcoin Schmitcoin -
If the bitcoin market reaches its full measured move for the bear pennant, we could see prices as low as $4,000 region.
MARKETS

Bitcoin Price Analysis: Bearish Continuation Likely as BTC Tests Strong Support

Bitcoin Schmitcoin -
Bitcoin has managed to establish a trend of three lower highs and four lower lows to really cement the current bearish trend.
MARKETS

Bitcoin Price Analysis: Potential Bearish Continuation Sets Up Lower Lows

Bitcoin Schmitcoin -
Shortly after a sharp drop from the mid $14,000 to the lower $9,000s, bitcoin saw a strong bounce to the upper $11,000s. At the...
MARKETS

Bitcoin Price Analysis: Bitcoin Sees Lower Lows as It Drops Below Historic Support

Bitcoin Schmitcoin -
Bitcoin managed to blow through several milestones including both the parabolic and the linear trends. It could get ugly.
MARKETS

Bitcoin Price Analysis: Choppy Market Conditions Lead to Tests of Parabolic Resistance

Bitcoin Schmitcoin -
The market is poised in a precarious situation as it tiptoes around historic support/resistance along the parabolic envelope.
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