So, I really hate to be so negative but when I look at the weekly BTC price charts on both Bitfinex and Coinbase I see continuation patterns forming. I feel that the period BTC has been in since early December has been more of a pause to consolidate before continuing lower rather than building a base at a bottom. Before continuing I want to say that even though to...
Hey tradomaniacs and cryptoheads,
welcome to an analysis of ethereum!
My friends, I think it`s time to buy!
BUY WHY?
In this analysis we wanna take a look at time-cyclers which are clearly underestimates and not as common as the classic TA which is basically used to compare price-action or price-patterns.
From another perspective looking at the big...
Hello, fellow crypto enthusiasts! Are you still out there? Of course, you are, you are not going to let a 40% to 50% dump in the price of cryptos scare you off! Having survived this bear market will only serve to make you stronger in the future.
I am once again going out on a limb here to speculate about the possible future price action for Bitcoin. The last...
Hello crypto enthusiasts, I appreciate you taking the time to check out my chart.
This chart is a recreation of a chart I created back on March 31st, 2018. At the time the chart was included as an image in the analysis of another chart that I published. The chart I published was of the 2013 to 2015 Bitcoin market cycle, because I included the 2017 - 2018 chart as...
Okay, looking at the SPY 1-hour time frame it looks to me as though there is a good chance that an inverse head and shoulders pattern will be completed. After a nice bounce back from the low set on Oct. 29th the markets are pulling back today for a variety of reasons. One reason was Apple earnings, another was trade news that came out which the market didn't like,...
I believe Twitter has a strong possibility of completing the inverse head and shoulders pattern. It has made a strong move upward over the last 5 sessions and is most likely due for a rest or pull back. I believe this pull-back will form
the right shoulder completing the pattern. My feeling is that if this pattern does not complete it will be because Twitter does...
Hello, fellow crypto enthusiasts! I hope you are all doing great.
This is probably some pretty crazy analysis but humor me for a bit. So, during this bear market that Bitcoin and most cryptocurrencies have gone through. I have been comparing this current market cycle to the 2013 - 2015 boom and correction cycle. My reason for doing this is to try to find...
What’s up crypto enthusiasts, traders and investors? I hope all is well.
I read an article that came out yesterday titled “Bitcoin Market Has Run Out of Juice”. The article seems to be based on a report put out by Element Group a cryptocurrency economics and digital assets solutions analyst. The article states that the report explains that the SEC’s delay in...
Hello fellow crypto enthusiasts! I wish I could tell you exactly what BTC is going to do in the days and weeks to come but sadly I can't. One thing that is apparent is how much the volatility has dropped. Since setting a low of $6119.50 (Bitfinex price) BTC has been in a slight uptrend. Zooming out to a long term view, compared to the wild swings we were seeing in...
I was messing around looking at the overall shape of Bitcoins price pattern, I was looking at angles, trend lines , support and resistance areas. So I decided to apply a Fibonacci Fan to it, I started at the point I believe Bitcoin started a new bull market at the beginning of Nov. 2015 @ $300. I then projected the fan up to the all time high near $20,000. I then...
Hello fellow crypto enthusiasts! I hope you are all having a great weekend. So, the Bitcoin saga continues and as we know where Bitcoin goes generally the rest of the crypto market follows.
I wish my analysis and my outlook in the short to medium term was not so negative but I’m afraid that it is. What I am seeing when I look at Bitcoin's price action is steadily...
Welcome crypto enthusiasts! I hope you are all having a great weekend, and for those who are celebrating the Labor Day holiday it is a long weekend! What could be better? Right!
So, what could be better? A new crypto bull market would be nice! I am not just talking about the three temporary rebounds we have seen over the last 7 months, I am talking about a real...
Hello, fellow crypto enthusiasts! First, I really appreciate you taking the time to check out my charts and analysis.
So BTC has once again re-tested the 2018 low and once again it has held. The important question here is how long can this lower support level hold up? It is very possible we may find out the answer to that question very soon.
On July 31st I...
Hello, fellow crypto enthusiasts, investors, and traders. I hope you are all having a great weekend!
Okay, let's get right into it. Once again Bitcoin was rejected at the daily 200 SMA, this makes the fourth time (my count) that Bitcoin has approached but failed to push above the 200 SMA. I believe this shows just how strong of resistance the daily 200 SMA really...
Hello, fellow crypto enthusiasts and investors! So with the nice surge higher that we have seen in Bitcoin and most other cryptocurrencies over the last few days, I just thought I would once again publish a chart showing what I believe are important steps Bitcoin needs to accomplish in order to keep up the bullish momentum (Listed below, they are also on the...
Hello and thank you for checking out my charts. Although most of my money is invested in the larger market cap. cryptos I do own quite a few other smaller market cap. cryptos also. One of the small cap. cryptos that I am very bullish on is Digibyte. In my opinion, it has been one of the strongest cryptocurrencies as of late, it has shown strength even when many...
Hello, fellow crypto enthusiasts! Most cryptos saw a nice little pop yesterday with Bitcoin getting back over the $6000 level going from around $5900 to over $6500. I am very skeptical of this bounce though, I do not believe that this is the beginning of a long-term recovery, it could, however, be the start of a short-term recovery. My personal belief is that it...
