Digital Money Times

#1 Source For Bitcoin And Altcoin News

You are here: Home / Archives for Analysis

Bitcoin Price Analysis: Where Is the Local Top for This Parabolic Run?

By Leave a Comment

Price Analysis Video.jpg  Read more...

Summary:

  1. The bitcoin market has gone parabolic as we blasted off through two major weekly levels. The resistance got crushed due to a high amount of short positions that were force liquidated in an event known as a “short squeeze.”
  2. We are currently testing the $ 8,000 level but a major weekly resistance level looms directly overhead in the $ 8,150 area. The price structure is looking fairly climactic and we might see a strong round of selling hit the market that could potentially pull us down to retest the mid-$ 6,000s.
This is a preview of Bitcoin Price Analysis: Where Is the Local Top for This Parabolic Run?. Click Here To Read the full post

Bitcoin Price Analysis: Bull Trend Continues as Market Marches To $6K Level

By Leave a Comment

Price Analysis Video.jpg

Summary:  Read more...

  1. Bitcoin’s strong uptrend resumes as, once again, the market has claimed new highs in the $ 5,900 zone.
  2. Our market structure remains bullish as we have consistently created higher highs and higher lows. Specifically, the market structure has progressed in a sort of stair-stepping fashion that has created multiple zones of support that have been tested several times on the 4-hour time frame.
This is a preview of Bitcoin Price Analysis: Bull Trend Continues as Market Marches To $6K Level. Click Here To Read the full post

Bitcoin Price Analysis: Bitcoin is Ready to Test $6,000 Level

By Leave a Comment

Price Analysis Video.jpg

 Read more...

Summary:

  1. Bitcoin continues to see strong buys following the news that shook out the market just one week ago. The short count continues rise and the bears are now drowning a slow, steady climb to new highs. Once these shorts close, we will very likely see a cascade of buy orders hit the market, known as a “short squeeze.”
  2. Now that we’ve climbed out of the “no-mans-land” described over the last few weeks, we are encountering a potential area where supply might start to hit the market. So far, however, we haven’t seen much supply. All we’ve seen is a slow, steady grind that is absorbing every bit of selling pressure.
This is a preview of Bitcoin Price Analysis: Bitcoin is Ready to Test $6,000 Level. Click Here To Read the full post

Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

By Leave a Comment

Price Analysis Video.jpg

 Read more...

Summary:

  1. Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows.
  2. The move was swift, but after a few days of sideways consolidation, the market is now seeing a retest of macro resistance in the $ 5,300 level. So far, the market has yet to reclaim the broken support, but the move is still fresh
This is a preview of Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens. Click Here To Read the full post

Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

By Leave a Comment

Price Analysis Video.jpg  Read more...

Summary:

  1. After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $ 5,400 but so far after three tests, the market has established intraday support.
  2. The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close above the $ 5,600 level.
This is a preview of Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation. Click Here To Read the full post

Bitcoin Price Analysis: Reaccumulation Breakout Hints at Bullish Continuation

By Leave a Comment

Price Analysis Video.jpg

 Read more...

Summary:

  1. Bitcoin clearly broke upward out of reaccumulation trading that had spent three weeks consolidating sideways.
  2. The market has begun to drift into a zone of supply between the $ 5,700 and $ 6,000 levels. There are a lot of underwater positions that are looking to break even, so it seems likely that we will start to encounter sellers looking to get out of the market.
  3. The daily Bollinger Bands consolidated tightly and have begun to expand — indicating that a macro bullish continuation is likely.
This is a preview of Bitcoin Price Analysis: Reaccumulation Breakout Hints at Bullish Continuation. Click Here To Read the full post

Bitcoin Price Analysis: Daily Resistance Level Tested Following Strong Buying Pressure

By Leave a Comment

Price Analysis Video.jpg  Read more...

Summary:

  1. Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand.
  2. We have yet to see a strong test of the overhanging liquidity zone in the $ 5,700 to $ 6,000 range so, it seems logical to see a test of that region before any meaningful, macro pullback takes place.
This is a preview of Bitcoin Price Analysis: Daily Resistance Level Tested Following Strong Buying Pressure. Click Here To Read the full post

Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested

By Leave a Comment

Price Analysis Video.jpg  Read more...

Summary:

  1. The bullish market structure that we have established over the last couple of weeks remains intact, despite the strong round of selling that the bitcoin market saw a couple of days ago.
  2. The weekly 50 exponential moving average (EMA) is currently in the process of being tested but the market has been unable to close a weekly candle above it.
  3. The intraday levels have shown support following the round of selling.
  4. If the current levels do not hold, we can expect to see a test of the $ 4,700s as we haven’t tested its support following our strong breakout.
This is a preview of Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested. Click Here To Read the full post

Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing Market Supply

By Leave a Comment

Price Analysis Video.jpg  Read more...

Summary:

  1. The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $ 5,000 levels.
  2. From an intraday perspective, we have established new support on three separate levels that were previously resistance as the market progresses along its supply and demand channel.
  3. Macro-wise, we are still sitting in a no man’s land between macro support and macro resistance. The low timeframe has the market consolidating upward with higher lows and higher highs in conjunction with decreasing volume. The next macro resistance level lies at $ 5,600.
This is a preview of Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing Market Supply. Click Here To Read the full post

Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend

By Leave a Comment

Price Analysis Video.jpg  Read more...

Summary:

  1. Buying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level.
  2. There was a small amount of selling pressure but it was absorbed by eager bulls. The selling pressure seems to be profit taking as we continue to establish a low time frame uptrend of higher lows and higher highs.
  3. On a macro scale, we are sitting in between support and resistance levels and it seems very likely we will continue upward until we encounter the $ 5,500 toto $ 5,800 zone.
This is a preview of Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend. Click Here To Read the full post

Bitcoin Price Analysis: Bearish Market Structure Breaks with a Single 20% Move

By Leave a Comment

Price Analysis Video.jpg

Introducing our first video price analysis by Bitcoin Schmitcoin.  Read more...

Summary:

  1. Bitcoin broke out of a massive consolidation pattern known as an “Adam and Eve” double bottom. The breakout was fueled by short liquidations that stacked up around the $ 4,000 level over the last 4–5 months.
  2. The measured move for the breakout has us testing several resistance levels and ultimately has a price target of around $ 5,300.
  3. We have managed to break the immediate bearish market structure and are attempting to break the macro bearish market structure. At the moment we are testing a break of the descending trendline as we also approach the monthly resistance level in the $ 4,800s.
This is a preview of Bitcoin Price Analysis: Bearish Market Structure Breaks with a Single 20% Move. Click Here To Read the full post

Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

By Leave a Comment

Analysis Shows Lightning Network Suffers form Trust Issues and Rising Fees Makes it Worse

Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.”

Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch  Read more...

This is a preview of Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees. Click Here To Read the full post

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

By Leave a Comment

Bitcoin Price Analysis

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:

Figure_1 (2).png

Figure 1: BTC-USD, Daily Candles, Fourth Rejection

If we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. Our fourth attempt, however, was brought into the level on low volatility and saw a weak rejection.  Read more...

This is a preview of Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support. Click Here To Read the full post

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

By Leave a Comment

Bitcoin Price Analysis

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply. Figure 1

Figure 1: BTC-USD, Daily Candles, Upward Drift  Read more...

This is a preview of Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply. Click Here To Read the full post

Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

By Leave a Comment

Bitcoin Price Analysis

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:

Figure_1.png

Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro Resistance  Read more...

This is a preview of Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze. Click Here To Read the full post

Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

By Leave a Comment

Bitcoin Price Analysis

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:

Figure_1 (8).png

Figure 1: BTC-USD, Daily Candles, Narrow Range

The blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. Since re-establishing support, the market has yet to see a meaningful retest of the overhead resistance outlined above in the red dashed and solid lines. The immediate resistance sitting overhead has, historically, been a highly volatile period where supply has manifested and stifled any bullish pressure:  Read more...

This is a preview of Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?. Click Here To Read the full post

Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

By Leave a Comment

Bitcoin Price Analysis

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:

Figure_1 (7).png

Figure 1: BTC-USD, 2-Hour Candles, Low TF Support

The zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. Late last night, we saw another test of this support level has failed to break it thus far. On a macro level, we are in a kind of no-man’s-land, following the bounce off macro support in the mid $ 3,000s:  Read more...

This is a preview of Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests. Click Here To Read the full post

Bitcoin Price Analysis: New High Paves Potential Reversal Setup

By Leave a Comment

Bitcoin Price Analysis

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:

Figure_1 (2).png

Figure 1: BTC-USD, 4-Hour Candles, New High

Our current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. We managed to close a new high, but it was quickly rejected and, depending on where the currently daily closes, could lead to a macro reversal setup known as a Swing Failure Pattern (SFP):  Read more...

This is a preview of Bitcoin Price Analysis: New High Paves Potential Reversal Setup. Click Here To Read the full post

Coinbase Bought Neutrino Because Its Old Analysis Providers Sold User Data

By Leave a Comment

Coinbase confidential.jpg

Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.

“The compelling reason for making the acquisition was that Neutrino had some industry leading, best in class technology. It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients,” Sandler said in an interview with Cheddar.  Read more...

This is a preview of Coinbase Bought Neutrino Because Its Old Analysis Providers Sold User Data. Click Here To Read the full post

Bitcoin Price Analysis: Short-Term Support Breaks on High Volume and Spread

By Leave a Comment

Bitcoin Price Analysis

Leading into the London open, bitcoin broke through its local support level in a move that seems to be hinting toward a downward continuation:

Figure_1 (2).png

Figure 1: BTC-USD, Daily Candles, Broken Local Support

So far, our daily candle has yet to close, but it is currently on schedule to close below local support. If we close below this current level, that will mark a new lower low for the first time in about a week and a half. Although that is bearish, the real strong support level lies just below and is outlined in red in the figure above. The $ 3,650 level has been a pivot point for months. We saw a test of that level a few days ago, but it was immediately rejected. However, now we are seeing a relatively widespread and high volume as we drift downward toward our support level.  Read more...

This is a preview of Bitcoin Price Analysis: Short-Term Support Breaks on High Volume and Spread. Click Here To Read the full post

Crypto News

Featured

Press Releases

ADVERTISEMENT

Loading data ...
Comparison
View chart compare
View table compare