Tag: Market Report

Market Report February 22 2021

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

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

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

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...