Early to tell if this will last for long. Used to work in the past, but this time the circumstances are very different.
Bitcoin (BTC) correction seems to have drawn to a close. The price has bottomed out during the last few months, but it is not about to skyrocket from here. Those who started trading in late 2017 might be anticipating similar gains as in last November and December. However, that does not appear to be the case. This time, Bitcoin (BTC) has completed one whole cycle....
Bitcoin (BTC) cannot fall below $5,800. There, I said it. It might not be possible to say what price Bitcoin (BTC) might reach by the end of the year. That is because one will have to speculate. However, to see if Bitcoin (BTC) can fall below a certain level, there is no need for speculation. We have plenty of historical data to base our analysis on. There are two...
QTUM is the new Ethereum (ETH) killer? Keep your eyes on this one.
Bitcoin (BTC)’s breakout from this point forward is inevitable. The price has been consolidating in a bullish pennant since last month. No investor or analyst who draws bullish pennants like these on a chart presents a bearish case. In that case, they have to rely on a triangle that extends a little further. However, that triangle has an equal chance of breaking...
Bitcoin (BTC) is printing a pattern which is a very rare sight in the world of technical analysis. This formation seen on the above daily chart for BTC/USD is called a compound fulcrum. It comprises of an inverse head and shoulders and a head and shoulders trading inside a wedge in the order visible above. This is a very bullish sign which often results in the...
This giant rising wedge is about to break and Ethereum Classic (ETC) is about have an early Bitcoin (BTC) moment (2011—13). Don't Miss This!
Ethereum Classic (ETC) is a lot like Bitcoin (BTC) was back in 2012. Majority sentiment was against Bitcoin (BTC) and very few people actually believed that it might have a real shot at the level of adoption that it has achieved today. However, towards the end of 2012 we saw a major shift in sentiment as more people began to realize the importance of having a...
Ripple (XRP) investors have seen some massive returns on investment these past few weeks but there are reasons to believe that this rally is not over yet. Ripple (XRP) had to retrace after an aggressive rise from $0.30 to $0.80. The above hourly chart for XRP/USD shows that the price has now entered into a major bull flag. This is a very bullish development for...
Ethereum Classic (ETC) has seen a lot of favorable developments over the past few months but the price has failed to rise successfully. If anything, one might be led to believe that those developments actually did not affect the price at all and that interest in Ethereum Classic (ETC) has not changed a bit. There are two sides to this. For retail investors that...
Ripple (XRP) has already kicked off the altcoin rally. It does come as a surprise considering the change of sentiment that Ripple (XRP) has magically achieved over the past few weeks. As always, the team behind Ripple (XRP) shows a glimpse of its talent. News of partnerships with more financial institutions has sent the price on a bullish spree these past few...
Golem (GNT) is up 10% for the day while the rest of the market bleeds. Normally, this would not be a big deal but the chart above for GNT/USD on the weekly time frame shows us exactly why it is a big deal this time. RSI for GNT/USD peaked around January 2018 as shown on the chart. Since then, it has been on a steady decline trading in a falling wedge. After an...
Litecoin (LTC) risks a major sell off in the days to come. This is because Litecoin (LTC) is trading in two big rising wedges as seen on the LTC/USD 4H chart above. This means that before the 21st of September, Litecoin (LTC) can be expected to break this rising wedge and fall back towards previous lows. Given that Litecoin (LTC) looks even more vulnerable and...
Ripple (XRP) has slowed down after an aggressive climb last week. The price has now formed a triple top as seen on the XRP/USD 4H chart above. This is a very strong resistance which is unlikely to be breached at this point. Ripple (XRP) does not have the bullish momentum to break this resistance from its current levels. The price will have to retrace back to the...