Among LTC, BCH is also consoildating at all time high prices. Looks like Bitcoin Cash could be forming a bullish flag. Keep a close eye at the levels in the chart! If price comes back down to 1300. That may be a good louch pad for an long position.
Nothing much to say here... Price is now trading well above the channel. Price could come back down to test the 1.80 - 1.70 level. Even then, as long as we trade above 1.70, we're looking very bullish here. Be patient! Wait for the next leg up! One last thing, ADA likes to move when ETH & BTC are lagging. Just keep this in mind.
Bitcoin dropped signficnatly on May 12th after Elon Musk announced Tesla will no longer be accepting Bitcoin as payment. On top of this, Bitcoin has under a selling pressure since it's all-time high in April. Now that we're back below 50,000. At this level, Bitcoin become much more attractive, especially for those who missed the wave last year. Nevertheless,...
Bitcoin has been trading in a channel since it's local bottom of 47100 on April 25th. As we test the support level of the channel, we could see some interesting price action coming. Therefore, keep a close eye on this chart! Some buy opportunies may arise if price breaks to the downside.
Price continues to sell-off! We're now down 60% since the all-time high in April. Let's see if price can hold this support level at 24.00 per share. Price is facing significant risk of breaking below level if bitcoin sells off. On the other hand, this could also be the intermediate bottom forming. It's really hard to say which scneraio will play out, but this...
Price is now trading above $400. Looks like price could be breaking from the bullish channel. Let's see if momentum can continue to the upside.
ADA has seen some strong price action since the local bottom set on April 22. Nonetheless, ADA is still trading in this narrow channel since February. Be patient! The next leg come is coming soon. If this is a false breakout, I still strongly recommend acummulcating ADA as long as we remain in this channel.
DOT has been trading in this tight channel since late February. Here is your last chance to accumulate before the next leg up.
Since ETH inceptions, there has been two strong moves against the BTC valuation. Interesterinly enough, in both instances, ETH bullish price action started in January. We see price continues to build momentum causing the ETHBTC to high rocket. As we seeing ETH on the verge of $3,000, it's important to look back try to gain more insights. The most important thing...
Price zooming higher as COMP managed to break the channel. Let's see if the momumtum continues.
MARA is one of the largest crypto mining companies in the US. According to bitcointreasuries, Mara curreently has 5,263 worth only $300,057,928. It's 3.7B market cap is largely attribute to the future earnings from mining. For this reason, the price of bitcoin is the biggest factor for this company's price action. There are a few setups for MARA. Price could...
We're currently testing the top level of the bullish channel of the ETHBTC valuation. A breakout from this channel, could signal a continued bullish move we're currently seeing in ETH. On the other hand, this valuation also signal that BTC is lagging behind ETH and the rest of the market. Two possible scanerios: 1. ETH TSUNAMI! Price breaks above the channel and...
For the first time since April 13, price has managed to break above the key resistance level, as indicated by the green line. Now that price is above this critial level, two scenrios can play out here. 1. Price holds the green support level and move to test the top end channel. 2. False breakout. Price consolidates back below the green support level. Look for...
BTC has been a dog for the last 3 months. We're down 5% this month and only up 13% in the past 3 months. HIstorically, April has been a strong month for BTC, but we've yet to see leg up. On the other hand, altcoins has been on a incredible run since February. My plan is to take some profit in some altcoins and ETH in favor for BTC. Wait for the ETH to get close to...
S&P500 has seen an incredible run since March. We're up almost 11% for the year. Volatility has also declined significantly. This enviroment where everyone is bullish is when you should consider a short or hedge your positions. That being said, I do belive S&P500 will continue to make new highs. Therefore, I personally would not consider a short position until...
What a crash on Sunday! IOTA crashed by 40% in an hour on Sunday night. Here are the main scenrio that could happen next for IOTA
Looks like a double bottom forming at 16900. Price seems to be trading sideways in a narrow range between 16800 - 17800. At these levels, the Chinese index looks more attractive in terms of risk and reward. I'll look to buy between 16400 - 16900.
EBANG dropped off a cliff after news of Hedge Fund big short position. Price fell to briefly test key support at 4.9. For those who are new, EBANG is a crypto proxy stock. It's main business is manufuturingg software and mining hardware in blockchain/crypto industry. Even with this massive bearish news, I still smell opporutnity here. Bitcoin is currently on the...