matthew-analysis

Bitcoin (Bitstamp:BTCUSD 4h) Bitcoin couldn't hold above the $8684 support/ resistance, instead reversing to drop through the $8239 support. Volume on the second leg down was a bit lower than the first,

This post is a look at the recently released Bitmex Up and Down contracts and the lack of clarity around them and the issues that has caused. There will be a little bit of maths and options terminology,

Bitcoin (Bitstamp:BTCUSD 4h) After bouncing above the $8239 support, Bitcoin appears to have formed a double bottom, invalidating the bearish continuation pattern. The volume pattern fits, with lower bearish

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin is still holding below $8684 after its test of the $8239 support yesterday. This test was followed by a sharp bounce due to the bullish divergence of the drop, however,

Bitcoin (Bitstamp:BTCUSD 4h) Bitcoin continued its drop through $9023, to break all the major supports near highs. Volume has picked up as we continue to descend, so the bearish trend is looking pretty

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin decided to spike down sharply just as I was writing this article. The volume on the candle so far is extremely strong, suggesting panic to the market. We'll have to

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin bounced nicely from around the $9023 support after forming double bullish divergence on both the RSI and MACD (single divergence for RSI for time frames other than

Bitcoin (Bitstamp:BTCUSD 1h) After a couple of small bearish consolidations, Bitcoin is continuing to push down towards $9000, recently bouncing from the $9023 support. We're seeing bullish divergence

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin confirmed the bearish divergence by pulling back from the $9950 resistance, before dropping to the 50% support of the bullish leg. Volume was fairly high on the bearish

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin has managed to scrape through the $9755 and $9892 resistance levels over the last two days. However, volume is staying low and we're seeing signals of bearish divergence

Bitcoin (Bitstamp:BTCUSD 1h) After its bullish divergence on the 1st, Bitcoin pushed back past $9222 and appears to be forming a bull flag. We're still below the $9539 resistance and the ascending support/

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin ended up following the break of the ascending channel, dropping hard towards the 50% retracement after failing to hold the support. This movement is already showing

Bitcoin (Bitstamp:BTCUSD 1h) After dropping from yesterday's little ascending channel, Bitcoin bounced nicely from the major channel support. However, volume remains low and we may be forming another ascending

Bitcoin (Bitstamp:BTCUSD 30m) Bitcoin continued its climb somewhat, but never reached the resistance of the channel before pulling back. This came after double bearish divergence on both the RSI and MACD

Bitcoin (Bitstamp:BTCUSD 1h) As I hoped for, Bitcoin made a bit of a pullback towards the 50% support, before bouncing back up above $9300. In its current state, this is a good confirmation of strong support

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin made a good bounce after testing below the 50% retracement (of the recent trend) a few times. This also lines up nicely with the with the macro 38.2% retracement, at

Bitcoin (Bitstamp:BTCUSD 2h) After consolidating nicely and breaking up on the 23rd, Bitcoin pushed up to $9755 on good volume and without particular signs of bearish divergence on the RSI nor the MACD.

Bitcoin (Bitstamp:BTCUSD 2h) After reaching $9023 on the 21st, Bitcoin is holding nicely just below resistance. Volume has been dropping off well as volatility stays low and the price near highs, making

Bitcoin (Bitstamp:BTCUSD 2h) After forming a good consolidation above the 61.8% support of the macro extension, Bitcoin pushed up yet again, reaching as high as $9023 before pulling back a little to the

Bitcoin (Bitstamp:BTCUSD 1h) Bitcoin continues to hold just below resistance on low volume and decreasing volatility. This is a good sign of a bullish consolidation, and a new bullish leg is likely relatively