Cryptocurrency

Bitcoin ready for a breakout

18th September 2019 Jackson Wong PhD

Speculative interests are back in crypto coins, it seems. About three weeks ago, I highlighted the tightening (triangle) pattern in Bitcoin (BTC), the largest crypto coin in circulation. (You can check out the size of […]

Cryptocurrency

Bitcoin (BTC): Toppy and vulnerable

17th July 2019 Jackson Wong PhD

Bitcoin broke $10k support – a top formation?  When Bitcoin first broke the $10k support earlier this month (July 2), I assumed that prices would correct into the $9k level relatively soon. Well, that expectation […]

Cryptocurrency

Bitcoin: $10,000 here we come!

18th June 2019 Jackson Wong PhD

Bitcoin’s stunning chart this year contains some instructive lessons for us all in tape reading. One, whenever an instrument corrects by 75%, chances of a rebound are high. In BTC’s case, prices have plunged from […]

Cryptocurrency

Bitcoin accelerates higher

13th May 2019 Jackson Wong PhD

Two days is a long time in markets. Look at Bitcoin. After my last highlight last Friday, prices spiked up dramatically. The crypto broke the $6,800 resistance and captured the psychological $7,000 round number level (see […]

Cryptocurrency

A Recovery Rally for Bitcoin?

18th March 2019 Jackson Wong PhD

After a 15-month consolidation, is Bitcoin (BTC) ready to embark on a counter-trend rally? A bit of history. During 2016-7, Bitcoin was locked in a speculative mania. Prices skyrocketed 50x in less than two years, from $380 to […]