Technical Analysis is the study of the behavior of the market and market participants. We try and identify the direction of the primary trend and invest accordingly. As Technicians we can apply our price-focused approach to any market, whether it’s stocks, commodities, currencies or even Bitcoin. If it is liquid and driven by the supply and demand dynamics in that particular market, then applying our methods of price analysis makes perfect sense and it works very well.
I jumped on board the Bitcoin train last year and added it to my Research Platform. Our clients really enjoy it, whether they are actively trading it or just interested in the product. To be honest, one of the biggest reasons why I decided to start including it in my weekly analysis is because I saw an opportunity to profit from this market. At the end of the day, isn’t that why all of us are looking at these charts in the first place, Bitcoin or otherwise? [Read more…]