Corrupt_Economy

Corrupt_Economy

This is just a quick observation I thought I might share. The Trading View data for TRX:BTC only goes back as far as early January, so I have based this off a chart I put together in Coinigy. The red line is previous resistance which we will probably retrace from due to the fact that volume is dropping off and we are well and truly oversold after the bull run over...

Corrupt_Economy

Hi, today I just had a quick look at OMG vs BTC. Here are my thoughts... As you can see we are currently trading within an ascending triangle. Given ascending triangles can be either reversal or continuation patterns, let's look at the underlying trend which happens to be an uptrend - suggesting a breakout to the upside. So what do our other indicators tell us?...

Corrupt_Economy

Just for fun, let’s now have a look at ChainLink (LINK) vs Bitcoin (BTC) on the daily log chart. Back on 9th of April we broke out of the black dashed downtrend channel we had been stuck in for a while. In regards to our moving averages, the 50 EMA is currently crossed bullish over the 200 EMA. The EMA 50 has also been providing some support since the 15th of...

Corrupt_Economy Updated 

Ok, let’s have a look at XLM (Stellar)! For those of you who missed my early call on EOS, I have another potential winner here for you! The most important thing you will notice straight away when looking at my chart is that we are forming a cup and handle pattern. As you may or may not know, cup and handle patterns are considered bullish continuation patterns;...

Corrupt_Economy Updated 

Let’s take a look at Waves vs Bitcoin! As you can see we have recently broken out of the black dotted downtrend channel we have been in since mid-December. This is clearly a bullish indicator but what awaits for us next? For now we have to contend with the 23.6 Fib retracement level. The good news is that we have consistently opened above the 12 EMA since the...

Corrupt_Economy

Ok today let’s have a look at Substratum vs Bitcoin! As you can see on the daily log chart, we have reached our small orange cup and handle target and are currently in the process of consolidating. The good news is that this consolidation period is forming our large light blue cup and handles well... handle. A confirmed breakout above the rim would aim to take us...

Corrupt_Economy Updated 

Hello and welcome to my latest very brief look at EOS vs BTC analysis on the daily log chart. As you can see we have just completed a massive cup and handle pattern stretching from July 2017 to current. If we can break out above the rim then we look set for a 200% increase over the coming 3 months or so! Let me get this straight though, we have not broken out...

Corrupt_Economy

Today we are looking at Lisk vs Bitcoin to see what we find! The MACD is looking to cross down below the signal line, though as you can see there is no real momentum behind this. Aroon Up is at 42 and falling, whilst Aroon Down was recently above 50 but has now dropped below – and is continuing to fall lower. This does not indicate a change in trend, but simply...

Corrupt_Economy

ETH vs BTC! Back on the 8th of April we finally broke out of the downtrend channel we had been stuck in since early February; and have now been trading within a much smaller uptrend channel. Looking at the 50 and 200 EMA (not pictured) we had a bearish cross over on the 3rd of April though we have since confirmed the 200 EMA as support. Momentum appears to...

Corrupt_Economy

Hi all, today we will have a look at DASH vs BTC on the daily log chart! As you can see, since the highs in December we have been trading within the dashed down trend channel. On the 22nd and 23rd of April we tested the upside of the channel and managed to pierce through it; however volume was not enough and as we also had the EMA 200 to attend with directly...

Corrupt_Economy

Hello and welcome to my latest QTUM vs BTC analysis on the daily log chart. As you can see after our test of the 23.6% Fib level across 20th-23rd of April, we actually had a false breakout on the 24th. What you may have noticed is that there was no volume coinciding with the breakout which indicated it had a very good chance of failing. This is why I always...

Corrupt_Economy

Welcome to my update on BTC vs USD! Let’s get straight into shall we? As I have previously mentioned, after forming a double bottom, we found ourselves trending upwards in an ascending wedge pattern which allowed us to finally break out of the long term dashed descending down trend channel. Now being an ascending wedge; which is a bearish pattern - it was pretty...

Corrupt_Economy

Welcome to my look at XRP vs BTC on the daily log chart! First a bit of history! Back on the 9th of March we finally broke upwards and out of the long term dotted downtrend line that we have been in since early January. This break out wasn’t sustained however and we then formed a bullish smaller falling wedge reversal pattern from which we broke out to the...

Corrupt_Economy

Ok today we will have a look at POWR vs BTC on the daily log chart! As you can see on the 10th of April we finally broke out of the downtrend channel we have been in since early January. Since then we have trending higher in an ascending broadening wedge pattern. It’s worth noting that ascending broadening wedges tend to breakout in the direction of the previous...

Corrupt_Economy

Ok, lets have a quick look at STEEM vs Bitcoin on the daily chart. Back on the 11th of April we finally broke out of the long term down trend channel! The EMA 12 crossed over the EMA 26 in a bullish reversal fashion around the same time, and since then we have formed a smaller uptrend channel which we are currently trading within. Over the last few days we have...

Corrupt_Economy

Ok let’s have a look at LTC vs BTC on the daily log chart! As you can see we are currently trading within the large dotted down trend channel. Back in early March we formed a descending triangle (Purple) which we broke out to the downside from. We then formed another descending triangle (Orange) from which we have recently broken out to the upside from back on...

Corrupt_Economy

Ok let’s have a look at BNT:BTC on the daily log chart! Back on the 29th of March we finally found a bottom which we subsequently tested 5 times over the proceeding 7 days confirming it as support. Since then we have had a bullish crossover of the short term moving average (EMA 12) over the longer term moving average (EMA 26) around the 14th of April (green...

Corrupt_Economy

Hello and welcome to my latest QTUM vs BTC analysis on the daily log chart. As you can see we are currently testing the 23.6% Fib levels resistance. We last tested the resistance of this level after the massive green candle that occurred on the 19th of March; in which we ultimately failed to break through it and started to trade sideways in a channel. At the...