Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Over the past 24 hours, the bitcoin markets have softened a bit as overnight selling drove price down to a new local low of $18,671 before price bounced, and since then it has been choppy, sideways action around $19,000 as indecision at these levels continues…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While BTC has yet to break and hold above the $20k level as we had hoped earlier in the week, the market is looking good from technical and price action points of view so we’re starting to get more bullish once again. Not only…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite another new intraday all time high (ATH) on Bitstamp over the past 24 hours at $19,918, we still don’t have a convincing close above the ATH supply area which is creating volatility and uncertainty at these levels, hence the recent spike down to…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook And another one bites the dust. Over the weekend we got news that Guggenheim Partners has allocated over $500 million dollars to be strategically invested in the Grayscale Bitcoin ETF (GBTC), yet another large and respected Wall Street firm that is putting their money…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Since the previous update, volatility has returned to the bitcoin markets as price fell from a local and regional high of $19,490 earlier in the week to a new local and regional low of $16,218 a few days ago, a drop of almost 17%,…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC has taken out the $19,000 level today on continued strength by the bulls, which comes as no surprise given our bullish forecast over the past several days, and so far we still don’t see anything different between these highs and the ones before…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Not much action in the bitcoin markets to start off this holiday-shortened week, which is probably good news for the bulls considering that markets typically don’t give traders this long to sell at prices near the regional top. We also like the fact that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While we’ve yet to see new ATH’s and volatility has made a bit of a comeback this weekend, the bitcoin markets remain surprisingly strong given the amount of historical resistance in this $18,000 region, as well as the overbought indicators on almost every timeframe.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Shortly after our update on Tuesday the bitcoin markets ripped up to new local and regional highs of $18,483 with relative ease, and indeed we saw a sharp selloff off of these highs that same day that took price down to the $17k area…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC has continued its march higher over the past 24 hours, and in classic bitcoin fashion has overshot the $17k resistance area by quite a wide margin as buying has remained strong throughout the recent rally. As is typical in early bull markets, price…