Bitcoin (BTCUSD) (3-day / 12-hour Comparison) In this side-by-side comparison of the 3-Day and 12-hour charts and bull case/bear case fib ranges, not much has changed for Bitcoin in the past week. Confirmation remains uncertain without additional movement. Bulls...
Market Reports
Weekly cryptocurrency market reports.
Market Report March 29 2021
Bitcoin (BTCUSD) (Weekly / 12-hour Comparison) Bitcoin is looking strong on higher time frames, but let’s entertain the possibility of a short term bear case/final shakeout comparing opposing fibonacci retracement ranges. On the weekly chart (left), we see a nice...
Market Report March 22 2021
Bitcoin (BTCUSD) (4-hour) As Bitcoin closed its latest weekly candle at $57,363, it shows that the “go-to” digital store of value continues to remain bullish despite its massive 1,400% run over the past 12 months. As we zoom into the 4-hour chart, we can clearly see...
Market Report March 15 2021
Bitcoin (BTCUSD) (3-day) Bitcoin hit a new all-time-high past $60,000 last week, and the retrace so far looks healthy, with support stepping in at this previous resistance block (yellow line). Similar to how we saw the retrace from the $41,986.37 and support stepping...
Market Report March 8 2021
Bitcoin (BTCUSD) (Daily) The past week has proved strong for Bitcoin as support has held steady over the $45k zone. We’ve seen bulls slowly grind upwards, flipping lower timeframe resistances into support along the way. While Bitcoin bears have been quick to call it...
Market Report March 1 2021
Bitcoin (BTCUSD) (Daily) For the first time in weeks, Bitcoin had its first red weekly candle. It coincided with a monthly candle close as well. As the majority of crypto speculators are emotional and irrationally sensitive to price declines, a week of stagnant...
Market Report February 22 2021
Bitcoin (BTCUSD) (Daily) Bitcoin opened the week with heavy selling from the high of $58,000 into a key area for the bulls. Falling into the optimal entry zone for the bullish fibonacci range caused buyers to step in heavily, creating a massive wick and spurring...
Market Report February 15 2021
Bitcoin (BTCUSD) (Weekly) Bitcoin closed the week out with strength, clearing this red "fakeout level" with a solid candle body on this macro Fibonacci Level. Confirming this breakout past the previous high at $41,986.37 (BTCUSD - Coinbase) is significant. ...
Market Report February 8 2021
Bitcoin (BTCUSD) (Weekly) Bitcoin had a nice move up this morning on news of Tesla, Inc. (NASDAQ: TSLA) allocating almost 10% of their balance sheet, or $1.5 Billion, into the digital asset. A high time frame close above the $45,200 level should be the confirmation...
Market Report February 1 2021
Bitcoin (BTCUSD) (Monthly) Bitcoin came out of the gate with a lot of steam in January but ultimately couldn't keep the momentum going for the entire month. Yesterday’s monthly close left an upper wick of $8,800, which shows an initial 21% price rejection. Despite...