stiltsmccoy

stiltsmccoy

We’re at the end of an eleven month pattern where Bitcoin has continued to disappoint and shed bullish sentiment. I expect the chart is self explanatory. The lower highs and higher lows will meet each other this holiday season and, with that, cause Bitcoin to learn what it is and how it will be for the next six to twenty six months. There is no insight I could...

stiltsmccoy

By request (shoutout to earduman!), here’s a quick analysis of RIPPLE. The BITFINEX XRPUSD chart says it with the most clarity: We’ve failed to break out of the 50 EMA three times, going on four. What’s worse is the 200 EMA has reared its ugly head to double-team our poor alt coin. Support shows at $0.46 with the next level at a suicidal drop of $0.22 (Yikes....

stiltsmccoy

Right up front, a disclaimer: This analysis is for educational purposes. It IS NOT a prediction of price curves. It’s meant to be a scenario in which signs of a bull run could be identified. As always, make investment decisions based on your own due diligence. CHART LEGEND Blue = Bullish price cycles Green = Transition out of or into a bull market Yellow =...

stiltsmccoy Updated 

Since the Google announcement (that they will ban crypto ads starting in June) BTC has dropped about 17%. NOTE: A smaller drop than past major bear headlines. If volume continues to drop, Bitcoin’s price might follow suit. If so, keep an eye out for either a double bottom @ $7660 or the start of a new bear flag somewhere around $6800–6900. If the price can...

stiltsmccoy

If you look at nearly any other coin, you’ll see it trading sideways for the last several days. That’s because the entire crypto market is holding its breath, waiting to see if BTC will break through its $11k resistance point (solid red line). There’s no need for an analysis at this point… …let’s see what happens, shall we? Indicators: Dotted green line: We...

stiltsmccoy Updated 

Yellow: 2018 highs and lows adjusted to ignore “hysteria” movement. Blue: Bottom line is 2017 median growth trend. Top is the new growth trend the market is attempting to establish (again, ignoring the hysteria). As you can see, we are approaching a window of time in which a bullish trend will be tested. If it follows the upward support, it’s one (but not the...

stiltsmccoy Updated 

Keep in mind LTCUSD currently sits at #5 and its market cap ($12.3B) is nearly half that of the next coin up (BCHUSD @$23.4B). It’s had a nice run the last few days, but is still very much susceptible to the ups and downs of the lead coins BTCUSD and ETHUSD With that said, it’s still in a position of strength. RSI is not red-lining, volume is healthy and the tech...

stiltsmccoy Updated 

There was a lot of amateur buys leading up to 2018. The current down trend is shedding these less educated investors. It will take a great deal of movement to get BTC back near its highs. It's possible recovery is a long way off and more possible an alt coin will emerge as the new market cap leader.

stiltsmccoy Updated 

- Correction support level: US$560 range - Primary support level: US$760 range - Secondary support level: US$860 range - Trending 14-day high: approx. US$1,060 range - Key trend indicator to keep an eye on for the next 3 days: Will ETH stay above US$760?

stiltsmccoy Updated 

Just before Crypto skyrocketed to now (60 days), I noticed the trend line is pretty straight (middle line). So I bracketed lows and highs which then gives an estimated trajectory for the next 30 days. Barring any Earth-shattering news from other protocol tokens, I would say this is a decent range in which ETH will perform. I think it also factors in another...

stiltsmccoy

Just before Crypto skyrocketed to now (60 days), I noticed the trend line is pretty straight (middle line). So I bracketed lows and highs which then gives an estimated trajectory for the next 30 days. Barring any Earth-shattering news from other protocol tokens, I would say this is a decent range in which ETH will perform. I think it also factors in another...