Bitcoin remains in focus as momentum and price action both decline within a descending wedge. The thought being that potential for a momentum breakout continues building within this, more often than not, bullish-reversal technical pattern. Traders should watch for any momentum-based trend line breakout.

Bitcoin chat has been rather quiet of late as the currency continues to decline. However, recent price action is conforming to a bullish-reversal descending wedge. This post offers chart updates of BTC/USD following my recent article published in the December issue of Your Trading Edge.

I post updates on Bitcoin every now and then and this is another check up detailing how I’m seeing the charts of this cryptocurrency. My last detailed post was in April where I noted key levels to watch and the longer-term levels noted there are still valid. In this update I fine-tune some of the […]

Those of you who have followed my reviews for some time will know that the key support level I’ve had in mind for Bitcoin is near the whole-number $8,000 level. This is because this is near the long term chart’s retracement level of 61.8%; a key Fibonacci level or rather, a level where the herd […]

Bitcoin is still struggling near the long-term weekly chart 61.8% Fibonacci level but momentum continues to decline. I’m still on the lookout for the next momentum-based move here.