RobertD7723

RobertD7723

Upon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an...

RobertD7723

USD/CHF has had a nice bullish short term ride and I believe it will, in general, continue until it reaches a firm resistance zone of $1.02ish, first established in November, 2014. This zone has been tested several times, so its a good selling area. Overall support is roughly at $0.87ish and has been holding and tested since May, 2014. The really is an...

RobertD7723

BTC is currently sitting at 40%ish of its all time high. While still below its overall price median, opportunities for it being undersold look good. Price is still climbing steadily though so reasonable soon, it will be considered overbought . Its 200 period daily moving averaging is still trending downward, while the 1 and 4 hour moving averages trend upward....

RobertD7723

Ethereum looks to be a mixed bag at the moment. With the weekly 200 period moving upwards slightly, the overall outlook looks positive. However, the 4 hour and daily 200 period moving averages sloping downward as sharply as they are, it would seem to suggest that the market may still move lower before any strong upward price action becomes prevalent. While the...

RobertD7723

The current market of BAT seem to be very profitable of time frames of 15 minutes or less using a momentum in the current timeframe with a RSI on the 4 hour for trend direction. Both momentum and RSI are set to 200 periods to identify and catch potential strong upwards movement is the market. Overall, the market looks very good with proper dollar cost averaging...

RobertD7723

Using Bollinger bands with momentum on the 1 hour and 4 hour time frames for dollar cost averaging, it seems that Bitcoin is beginning to level out and stabilize in price action. This could be the bottom of this downward trend we have seen since the middle of November of 2021, however, I believe caution needs to be used and careful planning. Based upon the...

RobertD7723

BTC appears to be loosing momentum. I don't believe it is appropriate to say if a bear market is coming as there is simply not enough information to really make that determination. We could simple be at a brief pause before another uptrend. I personally believe that may only exasperate the impending correction and could easily drive a very steep bear market. While...

RobertD7723

XRP is an unusual coin.While it has no real appreciative value, it does provide very good trading value. What makes XRP so unique compared to other cryptocurrencies? One thing, and its not related to XRP's fundamentals. XRP is often regarded as the unstable stablecoin simply because it has a very pronounced price channel. A price channel is where an asset...

RobertD7723

CVC (Civic) is a hidden gem with a dark side. With a market cap of only 20.12 M, this coin has quite a good history of scalping, as well as being stuck in a sideways rutt for months. Its an interesting coin to trade simply because of its unique behavior, however, one must understand the risks involved. This coin has a low market cap, so additional care must be...

RobertD7723 Updated 

For many people, XRP hold the hope of being the next Bitcoin. This is an overly optimistic view that I don't see happening in the foreseeable future. Since its inception, it really has stagnated in its over-all growth. For this reason, I don't believe it is a coin that has an appreciable value, as the attached analysis shows. XRP does have trading value though...

RobertD7723

Hi, Looking over the last year, it appears BTC may soon start declining again. There are many good indicators that having a bearish outlook may be profitable, at least in the near future. It may even be worth considering dual trading long/short strategies simultaneously to profit from any short term rapid reversals that may ensue. For small capital investors, It...