• Bitcoin under heavy pressure, potential for further drop!

    Bitcoin is seeing major resistance at 8506 (Fibonacci retracement, Fibonacci extension, small horizontal overlap resistance, price action, descending resistance and bearish ichimoku cloud). This all points to further downside potential on Bitcoin. If price drops from here, it could potentially drop to major support at 8122 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is […]

  • Where is the Bitcoin moving?

    We discuss the Bitcoin’s status and ponder where the European index STOXX50 might head to, as well as we take a look at the WTI Oil.