BlogHide Resteemsmatthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 17th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 15th May - Bitmex Options ShenanigansThis 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…matthew-analysis (35)in cryptocurrency • 7 years agoDaily Crypto Analysis - 14th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 13th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 11th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 10th May - Technical AnalysisBitcoin (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.…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 9th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 8th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 6th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 5th May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agoDaily Crypto Analysis - 3rd May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 1st May - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 30th Apr - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 29th Apr - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 28th Apr - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 27th Apr - Technical AnalysisBitcoin (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%…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 25th Apr - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 23rd Apr - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 21st Apr - Technical AnalysisBitcoin (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…matthew-analysis (35)in cryptocurrency • 7 years agosteemCreated with Sketch.Daily Crypto Analysis - 19th Apr - Technical AnalysisBitcoin (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…
