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Posts Tagged ‘Bitcoin Technical Analysis’

February 22nd, 2018: NYXBT (Bitcoin) Chart Update

Posted by pugsma on February 22, 2018

1:05 pm EST:   NYXBT (Bitcoin) looks to forming a an inverse head and shoulders (IHS) with a target at around 16,091 for the major [1]-P1-C3 wave.

NYXBT Daily:

Bitcoin Technical Analysis

NYXBT Weekly:

Bitcoin Technical Analysis

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February 4th, 2017: BTC Chart Update

Posted by pugsma on February 4, 2018

5:40 pm EST:   BTC/USD Daily Chart shows a potential bullish falling wedge with over sold RSI(14) that has produced a bottom the past three times during year 2017.   Also today’s low at 7840 is very close to a 62% Fibonacci retracement of 7599 from the 19,891 high.   A bullish falling wedge will typically produce a significant bounce of at least a 78% retrace, which would be a move up to 17,240 basis 19,891 to 7840.

BTC/USD Daily Chart:

Bitcoin

 

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January 23rd, 2018: NYXBT (BitCoin Index) Chart Update

Posted by pugsma on January 23, 2018

9:45 am EST:  It’s very import that NYXBT (BitCoin) holds the 9426 pivot, where PC=PA or it will open the door to a drop to the 4792 pivot, where PC=1.62PC to complete C2.

NYXBT 4-hr Chart:

Bitcoin Technical Analysis

NYXBT Daily Chart:

Bitcoin Technical Analysis

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January 16th, 2018: NYXBT (Bitcoin Index) Chart

Posted by pugsma on January 16, 2018

3:40 pm EST:  Here are the highly speculative NYXBT (NYSE Bitcoin Index) daily and weekly charts.  I’ve been hearing Bitcoin 50K by some crypto-currency analysis, and it seems there is some Elliott Wave Theory based Technical Analysis merit to this 50K target.

NYXBT Daily Chart:

Bitcoin Technical Analysis

NYXBT Weekly Chart:

Bitcoin Technical Analysis

 

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