Trends

Bitcoin breakout E180223

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It is always interesting when there will be a Bitcoin breakout. A breakout can be upwards or downwards. Currently we have seen Bitcoin coming from almost 6 KUS$ to 12 KUS$. The barrier of 12 KUS$ was to hard to take. It was pushed down and hovers now around 10 KUS$.

Also admitting that the price of Bitcoin also consists partly of emotion and a lot of other ingredients. This is what we will talk about later. Below is a screenshot of the BTC/USD chart 180223, 9:35 CET.

Bitcoin breakout

 

It is a guess, but if the news is not negative, the breakout will start here. And this Bitcoin breakout will be upwards (starting from 9,851 US$, Coinbase reference).

This is based on the volume, the trending and the small up’s and downs we see. Bitcoin breakout is loading  for a small bull run to test the resistance of 12 KUS$. This run (when it runs, will take a few days). If there is no little bull run, the price will probably hover around 10 KUS$ for some time.

Rough ride cryptos during XMAS 2017

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We have seen a rough ride during XMAS 2017 where the TMC of the cryptos went up to 654 B (1) and then dropped back to 422 B (2), up again to 599 B (3) and then back to 483 B (4) just before XMAS. Happy XMAS, Keep CALM and MOVE ON!

The old kid in town, Ripple, spiked to a TMC share of 146 B with an all time high Ripple price of 3,77 US$. It went up almost 16 times in just 20 days. That means a lot of money moves is and when the money moved out, the price dropped 50% in 5 day’s. The market is overheated and the money doesn’t know where to go. The keywords to invest are: Blockchain, Bitcoin and ICO.

Advise:

You need strong nerves and knowledge at this moment to act in this market. If you don’t have those, stay away and wait until the crypto market will calm down a bit.

 

 

The Bitcoin indicator

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The value of the Bitcoin is an important indicator in our current society. It can be seen as an aggregated performance indicator for the new money: value, trust and emotion. Also other components are embedded in this indicator: greed and fear, just to name a few.

If you have not heard about cryptocurrencies, please take a few days off and investigate this further (this website could help you a little bit).

Read moreThe Bitcoin indicator