BitInfo12

BitInfo12

I wanted to touch on an important topic that often gets overlooked or not discussed in the Cryptoasset space. This discussion has to do with global macroeconomic trends and how Cryptoassets fit into the larger overall picture. If you aim to be a disciplined and successful value investor, you have to take global macro trends into account as they absolutely play a...

BitInfo12

EOS has broken the previous EQ pattern Bearish. I see this movement very correlated to BTC recent Bearish price movements. I would consider this a positive development for those looking to take add EOS to their long-term portfolio. EOS has the potential to be one of the most dominant coins in the next Bull Market based on many different reasons - Main Net...

BitInfo12 Updated 

EOS has been consolidating in a clear Equilibrium pattern for over a week now. The Stochastic RSI on the Daily has reached a bottom and momentum is ready to reverse. Additionally, the Daily RSI level has touched the previous strong support level of 58 and held (Steve and Pauline Youtube channel does a great analysis on this). With the upcoming EOS Airdrops, EOS...

BitInfo12

NEO is bouncing off an ascending lower support line that has now confirmed 3 times. The RSI is showing Bullish divergence. The pattern could play out and NEO would most likely see it's next resistance around the $77 area. Could be a good short-term percentage gain trade...

BitInfo12

NEO is forming a clear Flag & Pennant pattern. If NEO is able to break the upper resistance level of the Pennant, it is probable to see a price movement upwards. With BTC currently pulling back, it is possible it will see a rebound from oversold conditions. This would allow extra profits to flow into ALT coins as more liquidity enters the Crypto market.

BitInfo12

ONT has found an upwards resistance line. TD indicator appears to be working on 4 hr timeframe - multiple 9's. RSIs are in mid 40s range where it has reversed before in previous runs. ONT was mostly in the red today when most other strong ALTs were green. Possibly traders moving profits over from ONT to other ALTs? 15 minute TD just showed a 2 candle closing...

BitInfo12

ONT has it's RSI hovering the mid to high 40's range where it has broken out from in it's previous runs. I will be entering a short-term time frame trade on ONT. It has underperformed so far in a very green day. Buy ONT @ .0005691 Stop-Limit set to trigger @ .0005602 & sell @ .0005335

BitInfo12

BTC RSI showing Bullish divergence. Short term price levels to watch on Bull break - $6915.27 & $6939.00 Short term price levels to watch on Bear break - $6888.25 & 6859.16 The current Mayer Multiple for BTC is .72 with a BTC price of $6,902.28 and a 200 day moving average of $9,546.76 USD. The Mayer Multiple has historically been higher 90.40% of the time...

BitInfo12 Updated 

Here are many examples of BNB consolidating in a Bull Flag patterns and then breaking out to the upside. BNB/USD has been setting up a great looking Bull Flag for weeks. The biggest EQ pattern we’ve seen in it’s short time listed on exchanges. Historically, these patterns break to the upside (often in an inverse correlation to BTC). If BTC is another false...

BitInfo12

BTC still in a NO TRADE ZONE, unless you are trying to time short-term oversold bounce attempts. These types of trades are high risk, low reward. Bears are still in full control. Long-term descending triangle tightening in the equilibrium pattern it has been forming for months. We should see a BTC break on Today or Wednesday. This is time to be patient and...

BitInfo12

Monero has been moving sideways in a 30% equilibrium pattern since December 2018. This price movement is abnormal compared with other ALT Coin price actions since the beginning of the 2018 Bear Market. We are beginning to see Bullish Divergence on the RSI. The RSI is currently in the 40 range and beginning to move upwards. There could be a Bullish trade...

BitInfo12

Very nice volume and follow through on ICX since it's listing on Korean exchange, Bithumb. Volume starting to dry up, but take this as a signal interest in this coin is REAL DEAL. Looking forward to a great performance with this coin in the 2018 Alt market rally. LONG.

BitInfo12 Updated 

ICX is creating a clear flag pennant. The Ascending triangle forming could lead to a good breakout. If the pattern is realized, expect another 20% move to match the initial breakout from earlier today.

BitInfo12

ICX nearly up 100% in last 24 hours...

BitInfo12

Hmmmm... Looks like tides are shifting...

BitInfo12

NEO Swing is hugging a Support-Resistance-Support line. If BTC turns Bullish (as it seems to be at the current moment) and ALT market begins to recover, NEO could be a great potential swing trade at it's current level. The Trade: Buy an hold for a week to see if bearish trend reverses. Tight stop-loss: -5% from your entry High potential: 8x reward to...

BitInfo12

The last three days seem to have been coordinated BTC dumps that have occurred at 12pm EST. The BTC downward momentum this past week may be an isolated incident caused by a single actor (Mt. Gox trustee?) that has now lost its momentum. The good news is that the volume appears to be decreasing each day. The bears seem to be losing momentum which is good news for...

BitInfo12

BTC looks to be forming a Cup and Handle pattern. If this pattern plays out, we could see a BTC breakout once the major downtrend resistance line is broken. However, there are major resistances in play. Major downtrend line and $12k resistance cluster could keep BTC suppressed from major upside moves. Happy trading!