Author: Bitcoin Schmitcoin

Summary:Bitcoin clearly broke upward out of reaccumulation trading that had spent three weeks consolidating sideways.The market has begun to drift into a zone of supply between the $5,700 and $6,000 levels…

Summary:Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, …

Summary:The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $5,000 levels.From an intraday pers…

Summary:Buying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level.There was a small amount of selling pressure but it was absorbed by eager b…

Introducing our first video price analysis by Bitcoin Schmitcoin.

Summary:Bitcoin broke out of a massive consolidation pattern known as an “Adam and Eve” double bottom. The breakout was fueled by short liqu…

Introducing our first video price analysis by Bitcoin Schmitcoin.

Summary:Bitcoin broke out of a massive consolidation pattern known as an “Adam and Eve” double bottom. The breakout was fueled by short liqu…

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and…

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD…

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-…