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...
by Chris Kimble | Jun 22, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE This chart looks at Bitcoin over the past 5-years. The long-term trend remains up as it has spent the majority of the time inside of rising channel (A) since 2013. The rally in Bitcoin saw it hit the top of the channel 7 months ago and since...
by Chris Kimble | Jun 11, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The Bitcoin trend remains up as it has spent the majority of the past 5-years inside of rising channel (1). Nothing of late has changed this long-term trend. Over the past 6-months, Bitcoin could be creating a “Bearish Descending...
by Chris Kimble | Mar 14, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE Bitcoin remains is a solid bull trend as it has spent the majority of the past 6-years inside of rising channel (1). A couple of months ago it hit the top of the rising channel when it was trading around 20,000 and weakness started. Over the...
by Chris Kimble | Jan 16, 2018 | Kimble Charting
The chart below looks at Bitcoin on two different time frames. The chart of the left looks at Bitcoin over the past 5-years, reflecting that it remains inside of bullish rising channel (1), as the trend remains higher. It hit the top of this rising channel a couple of...