Last Wednesday I did a post on the recent strength in Bitcoin, highlighting a near term profit target of approximately $4200. This has been achieved swiftly. There is no asset class which adheres to technicals and sentiment / investor psychology than cryptocurrency. When I look at Bitcoin, Etherum, Litecoin, Ripple, etc. I am armed with… Continue reading Bitcoin Profit Target Achieved
On the anniversary of its all time high, Bitcoin has staged a rally in the face of a global risk off environment. Near the apex of the falling wedge pattern over the past month, you see some heavy sell volume which might signal capitulation. Investors in this cryptocurrency have been on a roller coaster ride,… Continue reading Santa Brought You A Rally in… Bitcoin?
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