by Chris Kimble | May 13, 2022 | Kimble Charting
Microstrategy is a tech company selling its enterprise software solutions and analytics (platform)… but it is better known for something else… It’s CEO Michael Saylor is a bitcoin whale. And he has been investing significant amounts of the companies reserves in...
by Chris Kimble | Oct 18, 2021 | Kimble Charting
Can anything stop Bitcoin’s rising tide? We may know soon. Bitcoin’s recent run-up to over 60,000 is testing its 2020 highs and a key Fibonacci price resistance level. This area looks to be an important time/price juncture. Let’s dig in. Today’s chart is a “weekly”...
by Chris Kimble | Jun 22, 2021 | Kimble Charting
Could Bitcoin fall 50% and remain inside of a long-term bull channel/trend? Yes Bitcoin has created higher lows and higher highs over the past 8-years inside of the rising channel (1). Despite Bitcoin declining nearly 50% of late, it remains inside of this rising...
by Chris Kimble | Jun 10, 2021 | Kimble Charting
Last November, we highlighted a cup and handle bullish pattern on Bitcoin that served as a base for a big rally. All together, Bitcoin rallied from roughly $4,000 last March to $64,000 this April! Wowsers! BUT… since peaking in April, Bitcoin has fallen over 50% to...
by Chris Kimble | Jun 10, 2021 | Kimble Charting
Last November, we highlighted a cup and handle bullish pattern on Bitcoin that served as a base for a big rally. All together, Bitcoin rallied from roughly $4,000 last March to $64,000 this April! Wowsers! BUT… since peaking in April, Bitcoin has fallen over 50% to...
by Chris Kimble | Jan 22, 2021 | Kimble Charting
One of the biggest breakouts of 2020 came by way of Bitcoin. And it was epic. The coronavirus crash saw the cryptocurrency retest its 2018 lows before rocketing higher in parabolic fashion. Did Bitcoin Peak? What’s Next? Today we examine a “weekly” chart of Bitcoin,...
by Chris Kimble | Nov 20, 2020 | Kimble Charting
It wasn’t long ago that Bitcoin was pretty much left for dead. And a couple of years before that, Gold was in the same position. Both Bitcoin and Gold suffered severe bear markets that saw many investors jump ship. Often times, that is the only way for a durable...
by Chris Kimble | Jul 2, 2019 | Kimble Charting
The chart looks at Bitcoin on a weekly basis over the past 6-years. The long-term trend remains up, as it continues to create higher lows inside of rising channel (1. This pattern has been taking place since the 2013 lows. We applied Fibonacci retracement levels to...
