Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we wrap up this week of updates the crypto markets are still looking very good overall following the breakout from earlier in the week, although we really need to see the key breakout levels defended in order to secure the path to more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The consolidation we discussed at length yesterday continues unabated today which comes as no surprise given the magnitude of the breakout a few days ago, but we are already seeing signs that the bulls are getting impatient and are itching for more upside so…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC/USD indeed kept rallying throughout most of the day yesterday as expected before a bit of a blowoff top materialized at the new $11,417 regional top, and since then price has settled into a consolidation range between ~$10,800 – 11,200 that appears to be…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While we were certainly leaning bullish last Friday, the technicals told us to be somewhat cautious so we once again underestimated the strength of the bulls who were able to break not only the $9800 resistance level that we discussed late last week but…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin bulls are doing a good job of defending the $9500 today as we approach the weekend which is turning previous resistance into support, suggesting more upside over the weekend or early next week, and the fact that prices are stable while the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While we have certainly been leaning bullish in general recently we have underestimated the strength of the bulls as they continue to plow through rather significant shorter-term resistance levels with relative ease, today through $9500 on the way to new local and regional highs…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bitcoin bulls did a good job of rejecting a move below $9300 late yesterday in order to defend $9350 at the close, price is still hovering right in this key area on highly uncertain near-term technicals within the $9000 – 9500 trading…