Bitcoin: Here’s Why the Push Above $20,000 Was in the Cards

by ForexCycle.com | December 21, 2017 10:19 am
By Elliott Wave International Now You Can Get Bitcoin Updates Daily and Even During the Day — and Get in Front of the Waves EWI’s FX analysts now provide cryptocurrency coverage. Now, investors who follow and trade...

Bitcoin Rebounded Strongly From 5427

by ForexCycle.com | November 15, 2017 8:40 am
BTCUSD rebounded strongly from the bottom support trend line of the price channel on the daily chart after a sharp drop from 7887, suggesting that the bitcoin price remains in the uptrend from 1812. As long as...

E-franc, E-krona…E-volution?

by ForexCycle.com | November 12, 2017 10:40 am
With all the speculation around the future of Bitcoin and other cryptocurrencies, we thought you’d find this interesting. Dam Square, Amsterdam 1636. Rue de Quincampoix, Paris 1719. ‘Change Alley, London 1720. Is Zug, Switzerland 2017 about to...

BTCUSD Remains In Uptrend From 5020

by ForexCycle.com | November 10, 2017 6:14 am
BTCUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 5020. As long as the price is in the channel, the pullback from 7887 could be treated as consolidation of...

Why Bitcoin can pullback from $6100 – $6800?

by elliottwave-forecast.com | October 23, 2017 3:01 pm
Bitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings...

Bitcoin Runs In Two Price Channels With Different Time Frame

by ForexCycle.com | October 19, 2017 9:14 am
The BTCUSD trades within a rising price channel with support at its bottom around 5110 on the 4-hour chart, indicating that the price remains in the uptrend from 2970. As long as the price is in the...

Cryptocurrencies Short Term Update 09.21.2017

by elliottwave-forecast.com | September 21, 2017 5:31 pm
Cryptocurrencies: Bitcoin & Ethereum Short Term Analysis The leading cryptocurrencies BTCUSD & ETHUSD rallied up from 09/15 low in a 3 waves Zigzag structure which ended wave (1) as part of an expected 5 waves diagonal  to the upside. Both instruments is now doing a...

Bitcoin “Deja Vu” corrective sequence

by elliottwave-forecast.com | July 17, 2017 9:10 am
Since June peak at $3000, Bitcoin lost 35% of it’s value driving the rest of the cryptocurrency market into chaos as 1st August is approaching which is scheduled to trigger activation of Segregated Witness (SegWit) and could lead to...

Bitcoin Is Facing Key Support At 1737

by ForexCycle.com | July 17, 2017 8:34 am
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27...

Bitcoin Is Forming A Triangle Pattern

by ForexCycle.com | July 10, 2017 6:57 am
After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the...