Dashboard ยป Analysis

Bitcoin is the original and by far the largest cryptocurrency. Since its introduction in 2009 it grown exponentially and spawned many competing cryptocurrencies. Opinion is mixed as to its true worth,but speculation and huge interest has created a volatile - and potentially very rewarding - trading environment.

 

Short-Medium Term Bitcoin (BTC) Analysis

 
Our Values

Previous Update (June 13)

Not much to add. Bitcoin is on route to 4,300ish. Now 7,200ish should cap any pullback tot he upside.


Previous Update (June 11)

Bitcoin has confirmed our suspicion by breaking below the triangle. Now the break of 5,900ish low is imminent on the way to 4,300ish target where we expect Bitcoin to find some support and bounce. Bounce could be as high as 7,200 but overall we expect it to continue lower to 1,750-3,000 area before reversing.


Previous Update

Bitcoin panic buying led to a crash from 20,000. Many think that it has bottomed and it can rally holding 5,900ish. We don't. Instead we believe Bitcoing is following Gold that crashed from 1,900ish. So, now Bitcoin is where Gold was in 2014 preparing to make 3 new lows below 5,900ish before bottoming. We are expecting the first low at 4,300ish area as long as 8,200ish caps.


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Bitcoin continues its downside route

 
Our Values

New Update (June 22)

We remain bearish BTC below 7,200ish for new lows down to 4,300ish. BTC is following the plunge from 1,900ish Gold fractal since the drop from 20,000ish. We are now in 2014 analogy that projects 3 more new lows below 5,900ish before a more sustainable bounce