Hi friends! Welcome to this update analysis on Litecoin! Let's jump right in. Looking at the four hour chart, you can see that LTC formed that nice V bottom, off of yesterday's low, and defied the other cryptos as it charged higher. I have to warn you not to get too excited though, because there appears to be more downside in the cards, for the Lite of coin. I'd...
Hi friends! Welcome to this update analysis on Stellar! As you can see, XLM is dropping from the bear flag consolidation pattern, just like the other coins that I covered yesterday. With that said, I received a lot of objection from professional amateurs, who privately rip out their own hair, as they desperately search for mistakes in my analyses. Many of them...
Hi friends! Welcome to this update analysis on Bitcoin! As you can see on the chart, BTC is dropping like a rock from the bear flag consolidation pattern. Just for the record, when I was posting charts about the bear flags yesterday, I got the usual push back from the amateur analysts (at best) who think they know it all. They told me the bottom was in, these...
Hi friends! Welcome to this update analysis on Ethereum! As you can see on the chart, ETH has dropped like a rock from the bear flag consolidation pattern. Just for the record, when I was posting charts about the bear flags yesterday, I got the usual push-back from the amateur analysts (at best) who think they know it all. They told me the bottom was in, I was...
Hi friends! Welcome to this update analysis on Iota! Let's jump right in. Looking at the four hour chart, you can see that IOT fell all the way down to the 78.6% retrace, nearly touching the bottom of the downtrend channel. The buyers were quick to jump in (as you can see by the large green volume bar) but the subsequent recovery appears to be a bearish...
Hi friends! Welcome to this update analysis on Ripple! Let's jump right in. Looking at the four hour XRP chart, we can see that a nice breakdown has occurred, since the last time I posted. The breakdown sent XRP below the dark blue trendline, but the buyers stepped in with HUGE volume, to stop the selling dead in it's tracks. Unfortunately, the bounce hasn't had...
So, I know I just posted on LTC earlier today, but I there is something that I want to point out. If you've reviewed my other charts, you know that I've identified bear flags on several of the top coins. However, LTC has exploded higher, out of what I originally perceived to be a bear flag consolidation. I've been pondering why this is happening. Why has LTC...
Hi friends! Welcome to this update analysis on Ethereum! Looking at the four hour chart, you can see that a monster fall came from my head and shoulders pattern, but ETH found sturdy support at the 61.8% retrace. Listen people, I want to be a bull. I really do. I want to believe that the end of the bear market correction is in, but I just can't. I can't side with...
Hi friends! Welcome to this update analysis on Stellar! Looking at the four hour XLM chart, we can see that a nice bounce has occurred off of the bottom of the ascending broadening wedge. Additionally, green volume is starting to appear on the chart, as the MACD crosses over bullish, confirming the presence of the bulls. However, the consolidation off of the low...
Hi friends! Welcome to this update analysis on Bitcoin! Well, as you can see, yesterday's formation still appears to be a bear flag, as opposed to the clear looking V bottom formation seen on the LTC chart. Perhaps LTC has overreacted to the upside. Or, perhaps BTC is under-reacting. Looking at the MACD, we can see that a bullish crossover has occurred, and...
Hi friends! Welcome to this update analysis on Litecoin! Well, as you can see, yesterday's formation was NOT a bear flag, and we seem to be putting in a V bottom. Looking at the MACD, we can see that a bullish crossover has occurred, and buy-side volume begins to light up the chart, as the bulls try to form a bottom in the bear market. If you recall from...
Hi friends! Welcome to this update analysis on Litecoin! This is a short, quick warning. I want to get this out fast. You can see that today's small bull flag bounce, has now rolled over, and turned into a big nasty bear flag. Price is now back under the $124 support level. After a weak bounce today, it looks like prices are poised to fall lower, possibly to test...
Hi friends! Welcome to this update analysis on Bitcoin! This is a short, quick warning. I want to get this out fast. You can see that today's small bull flag bounce, has now rolled over, and turned into a big nasty bear flag. Price is now back under the rising green dashed trendline. After a weak bounce today, it looks like prices are poised to fall lower,...
Hi friends! Welcome to this update analysis on Litecoin! WOW! As you can see, LTC dropped to the $107 handle, slightly above the $105 target, and has bounced nicely! It's currently printing a bullish engulfing hammer candle, and you can see that the MACD is starting to round to the upside. Additionally, we can see that buy-side volume is surpassing the red volume...
Hi friends! Welcome to this update analysis on Stellar! Looking at the four hour chart, we can see that a breakdown has occurred, from the head and shoulders pattern. The dip didn't quite reach the bottom of the ascending broadening wedge, but it was very close. Across the crypt space, I see a very similar theme today. A rapid selloff occurred, which sent prices...
Welcome, friends, to this update analysis on Bitcoin! Let's jump right in! Looking at the four hour BTC chart, we can see that a breakdown from the bear flag has occurred, and BTC is now falling straight to the very important uptrend support level (green dashes.) This rising support level is important, because it originates at the beginning of the rally, which...
Welcome, friends, to this update analysis on Iota! Let's jump right in! Looking at the four hour IOT chart, we can see that today, the market had a big breakdown from my bear flag. As you can see, a subsequent bear flag was formed in the process. Momentum is rapidly expanding to the downside, and sell-side volume is dominating the chart. At the current level,...
Welcome, friends, to this update analysis on Stellar! Wow, was that head and shoulders projection accurate or what?! I don't care what anyone has to say, masterful technical analysis is, hands down, the most valuable tool in all of investing. Technical analysis is often butchered by novices, but when it's perfected, it is undeniably accurate. Now that we know...