dralerte

dralerte

BITSTAMP:BTCUSD BTCUSD (Bitcoin) Has made plenty of waves toward the tail end of the year in 2023 -- kicking off 2024 with some serious fireworks in both directions. However, as we approach looming resistance coming into the Bitcoin Spot ETF decision (anytime now), the question is whether or not we are truly in a Bull Market as many traders would like to...

dralerte

COINBASE:BTCUSD Seems like lots of popular YouTubers have been calling for an ascending triangle on BTC, which seems a bit forced, (imo). Personally, I see a bear flag, and a re-test of the previous weekly head and shoulders with an eventual target to break lower. Call me simple, but that's my view. Understandably, this environment certainly isn't easy for...

dralerte Updated 

BITMEX:XBTUSD Want to really see where this ship is headed? At first, I started to doubt if BTC would ever have another bullish run (not really). However, here are just few bullish clues worth mentioning that re-instilled my faith: 1. A ton of accumulation rook place at 6k-6.5k (which pretty much explains all of the boring price action). 2. Very BIG 'whales'...

dralerte Updated 

BITMEX:XBTUSD With all the recent blood in the street and current ups and down between 5900 and 6600, this brings to ask (and hopefully answer) the question, "When Moon, Sir?" Honestly, I believe we are closer to seeing a larger rally sometime in the fall/winter --following another smaller rally I expect to play out near-term. However, in order for this to...

dralerte Updated 

BITMEX:XBTUSD Although I am currently well established into my long position (~6150k), I've decided to share a possible scenario I can see unfolding leading up to the anticipated August 16th ETF announcement/decision. So far, BTC has seen a steady (yet rapid) growth to 7.8k. This current level between 7.8-8k is a major level of resistance both technically and...

dralerte Updated 

BITMEX:XBTUSD Having had a stellar year thus far trading Bitcoin (currently up over 3000% ytd), I am now ready to share a few thoughts on what I currently see happening in this crypto world. First and foremost, one thing to note is that it appears we are currently making another attempt to shift into bullish mode, but before we do, it appears we are currently...

dralerte Updated 

COINBASE:BTCUSD As the saying goes, "Fool me once, shame on you. Fool me twice, shame on me." That said, the one thing I've learned in my trading journey is it's better to be always be somewhat skeptical of the market. When something appears 'too good to be true,' it often is. Applied to the markets... When things seem too bullish and everyone is getting too...

dralerte Updated 

COINBASE:BTCUSD Keeping this analysis short and sweet. BTC has been making making a series of Head & Shoulders (H&S) patterns throughout this bear market. Unlike the many failed Bull Flags and reversal bear flags, the one consistent and reliable pattern indicative of a (sharp) downside has been the H&S pattern. Although we may still see BTC rally toward...

dralerte

BITTREX:VIABTC VIABTC will certainly be one of the coins to watch in the upcoming Spring/Summer of 2018. With a max supply of only 23M and a market cap of only $62M, this coin is still grossly undervalued (currently under $3). These fundamentals mean this coin has some SERIOUS upside mid-term potential. From a technical standpoint, VIA has plenty of room left...

dralerte

RUMOR: XRPBTC may be added to Coinbase soon. Tune in to CNBC March 6 @ 5PM EST for more news regarding this possibility. In the meantime, this news combined with the large falling wedge on the daily may equate to some serious potential gains in the days to come. If for any reason the rumor is true (in regards to the adding of XRP to Coinbase), I think the level...

dralerte

BITTREX:ETCBTC With the Callisto airdrop underway on March 5th, ETCBTC may be starting to rev up it's engine. The 4Hour Chart is showing signs of reversal and is somewhat oversold on the RSI as well. There is also (what appears to be) an inside bar forming on the 4-hourly (this will confirm in the next couple hours or so). The daily chart has also be...

dralerte

BITTREX:1STBTC 1STBTC is being delisted from Bittrex, however, I cannot ignore possible (future) setups based on the technicals the 4hour and daily chart presents. Although this coin is being delisted, the project does have a supportive community and lots of potential. Again, in the future. Since this coin is being delisted and the volume isn't where I'd like...

dralerte

BITTREX:NEOBTC NEOBTC appears to be holding up very well during all the hoopla taking place in the cryptosphere these days. For those who don't know, NEO is considered the 'Chinese Ethereum' by many. Having made major moves in 2017, it appears to be gearing up for another major run. Volume is surging, and there is a Bull Flag in formation on the daily chart....

dralerte

COINBASE:LTCUSD Just when things started to heat up really nicely for LTCUSD, FUD was dropped into the cryptosphere. That said, LITPAY has been postponed. So, what does this mean for LTCUSD? In my opinion, unless we see LTC breakout above $240, I am expecting LTC to dip under $200 (as expected). Currently, LTC appears to be forming a descending wedge on the 5...

dralerte

COINBASE:LTCUSD Today, Litepay launched. Yesterday, Litecoin rallied... Somewhat. As I stated in prior post, if Litecoin rallied over $200, I would take the trade; and I did. $200.47-$229.91. This was a relatively quick trade which only added to what has been great gains thus far. However, now I believe the party is over. (For now at least.) As the saying...

dralerte Updated 

COINBASE:LTCUSD Although I am overall bullish on LTC, I cannot dismiss clear signs of correction. After LTC crossed 250.00 (which was my last target for this play, LTC took a turn downward. If one takes a quick minute to view LTCUSD on the daily chart, the once-pending bull flag formation has failed (or is failing). Drawing a trend line on the daily shows what...

dralerte

BITTREX:GRSBTC I've been watching this one steadily now. Support is currently strong at ~0.00004200. RSI at 4H looks solid; No indications of this being overbought. Good entry would be anywhere between 0.00004200 -- 0.000043; stop loss at 0.000040. Otherwise, GRS seems like a winner over the next few days. Thoughts?

dralerte

COINBASE:BTCUSD Head and Shoulders on the Daily Chart (1D) combined with all the FUD, RSI approaching under 30, and no bullish flip on the MACD suggests BTC is heading down. The question is, how low? I believe although BTC has strong support around 3000, that support may break as Negative news from China continues to slam the price. Combine that with the Hard...