George Samman is the co-founder of BTC.sx. He is also a former Wall. Street Senior Portfolio Manager and Market Strategist as well as a technical analyst. George holds the Chartered Market Technician (CMT) designation.
The blowoff top did occur as price reached a high of ~US$500, before running into what is an area of major overhead supply.
Bitcoin Price: The Correction Has Commenced
The daily chart also shows a Golden Cross as the 50 day EMA has moved above both the 100 day and the 200 day EMA. This is a bullish sign.
Bitcoin Price: Bulls Driven by China as Weekly RSI Nears 2013-Levels
The Bitcoin price is back above US$300 where it hasn’t been since the summer’s Grexit fiasco. This has been a strong up move, in which the last 7 days have been...
Bitcoin Price Tops $300: To the Moon or Blowoff Top Forming?
Bitcoin Price Analysis from Cointelegraph
Bitcoin Price Analysis: Price Thwarted at Key Resistance! Stay Bullish?
Bitcoin Price Analysis from Cointelegraph by George Samman (Week of October 19)
Bitcoin Price Analysis: Bull Trap? (Week of October 19)
The Price has not only broken through the 50 day EMA, but has now moved above the 100 day EMA as well. A test of the 200 day at ~US$256 should occur. However, ...
Bitcoin Price Analysis: Is Volume Preceding Price?
In recent weeks there has been noticeably more volume on two of the major bitcoin exchanges: Bitstamp & OKcoin. The two charts below show the big increase in vo...
Bitcoin Price Analysis: Wash Trading & Rising Volume