Over the last couple of weeks we have watched BTC and the other major cryptocurrencies move into dangerous territory below the main support bands; an area where dramatic moves are much more likely. Attempts to rally back into the safety zone over the last couple of weeks have failed, and the market looks to be […]
Monthly Archives: June 2018
18
Jun
Jun
Like Wile E. Coyote running off a cliff, over the last few days BTC and the rest of the market have ventured below critical support and paused in mid-air. Let’s take a look. Bitcoin The lower dashed blue line is the bottom of the critical support band. Below that BTC is in the ‘danger zone’ […]
11
Jun
Jun
Just like Maverick and Goose in Top Gun, BTC is flying right into the danger zone today. Although this is likely to be painful in the short-term, this is actually what the market needs to start thinking about forming a proper bottom. So, aviators on, let’s take a look. Bitcoin Yesterday’s move down was on […]
04
Jun
Jun
Bitcoin has been submitting shorts to a classic test of nerves in the last week, with what so far looks like a feint upwards. The prognosis is still lower however; our BTC targets remain unchanged: $5000 in September, $29,000 by January 2020. Let’s take a look. Bitcoin The last week’s small rally, in context against […]