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Since the last “Bitcoin Update” everything played out exactly as I anticipated. For sure it was not what I wanted but still, that’s how the market is. It’s up to you to make the most out of any situation you find yourself in. Letting go of your bags, shorting or going for a short vacation […]
The support line obviously couldn’t withstand the pressure. Due to a series of negative news and events, including Binance bot hack, U.S. Securities and Exchange Commission warning about “Potentially Unlawful Online Platforms for Trading Digital Assets”, Japan’s month-long suspension of two domestic cryptocurrency exchanges and a report that a Mt Gox trustee sold $400 million […]
In the past few weeks Bitcoin reached this year’s low at $ 6.000 and bounced in a straight run-up fashion towards $ 11.800. It formed a V pattern, followed by a retracement and a bounce which completed an inverse head and shoulders pattern. The right shoulder support managed to keep the bears in line at […]
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