On the basis of technical analysis of bitcoin’s price and volume behavior, a sell signal was evident on 12/2/2013 at a price of $1140. After that date, bitcoin has sold as high as $1,230 and as low as $576. Its last price was $826. That’s strong evidence of a correct forecast from the technical analysis interpretation. Before rushing out to study technical analysis, be warned that success at its use is uncommon. There are literally hundreds of proposed ways to analyze past price patterns and volumes, and there are many thousands of people trying it and not succeeding. Many of … Continue reading Bitcoin Technical Analysis Was on the Mark