Tagged: btc

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BTC Update 2017-12-06

by Dave While price jumped a massive $2k today, the forecaster is suggesting we may be approaching a top in bitcoin.  Daily RSI=97, that’s nosebleed-overbought territory. I’ve updated the bitcoin model.  Forecaster now has...

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BTC Update 2017-12-04

by Dave While those looking intraday might have seen some upsetting things (10% trading ranges are common), the daily forecaster has remained unperturbed. For those keeping track, the gain since the last forecaster buy...

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BTC Update: Sell

by Dave Daily forecaster (which gives off fewer headfakes than the 4h forecaster) issued a sell signal today. Of course, if dip buyers appear tomorrow, the forecaster is perfectly happy to issue a buy...

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BTC Breakout – 2017-11-17

by Dave Bitcoin broke out above the previous closing high of 7600 late yesterday, touching a new high of 7997 (bitcoin loves those round numbers – 8000 is resistance) before reversing.  The 4h forecaster...

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BTC – Follow Through

by Dave BItcoin followed through off its reversal, dropping 7.8% after yesterday’s dead cat bounce. What’s going on?  I saw an article pointing out that bitcoin cash had almost doubled in the past few...

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BTC Update 2017-11-06

by Dave Sell signal today for bitcoin.  Swing high (65% reversal), plus the forecaster kicked off a massive -1.11 point drop into negative territory. The doji/high wave on Sunday wasn’t that horrible: a 40%...

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Btc Update 2017-11-02

by Dave Bitcoin has been in an uptrend since the breakout 5 trading days ago.  Today is the first hint that the current move might be getting a little bit tired.  Today’s spinning top...