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If we compare ETH/USD and look to ETH/BTC for similarities, I feel we can gain some guidance as to what will happen. We can see that ETH/BTC is almost at levels when Ether was first started. Now that Ether is established, I feel ETH would be hard pressed to move down much further from here. Of course, this isn't to say that it won't happen, just that it appears ...
We knew that if BTC broke this gold trendline that I have pointed out many times that we would get a significant move down. For those of you trading, you should be out now as your stop should have been under those levels. For those hodling, you should be laddering in as BTC moves down.
Depending on the way you look at it, BTC has either broken this ascending ...
If anyone is planning to trade ETH, buy ETH or hodl ETH. Now is the time to do it. I have given some reasons in my past posts, but let me break it down briefly here.
1. We have broken both downward trendlines. Everything is pointing up. Once the weekly MACD crosses to the upside, everything will be in conjunction for a push to the upside.
2. ETH/BTC ...
Take a look at this weekly MACD. It's itching to cross. If we get a solid cross, we will be going much higher.
On a small scale, if we break $200, we should see the $230 area pretty easily. Follow by $250, then 300.
If you follow me, you know I have laddered into ETH from 450, and currently, have an average buy around $300. I am still targetting around $500, ...
As indicated before, we know BTC is going to remain in this channel for quite some time. Once we get a confirmed break of 7k to the upside, we will have more room to run. Until then, look for mid term boring swing trades from here to play this channel.
Real moves are coming in December when we get Bakkt coming out.
Happy Trading and Hodling,
I have seen a couple comments about the Bitfinex Chart vs Coinbase and others. If we take a look at the Coinbase Chart, you can see that we have form a similar pattern to the one on Bitfinex.
The main difference is the spike was far less on Coinbase. Appropriately so, they deal in USD while Bitfinex deals in USD and USDT.
Chart wise, we can see that BTC has ...
Weekly MACD looking to cross, RSI divergence. If we start moving, it's going to happen quick.
The past 3 months we have seen volatility in BTC drop to near all time lows. We have seen the markets whipsaw back and forth looking for direction. I have outlined that BTC has begun to shift it's channel to the upside identified by the gold trendline in previous posts. We stopped following the green downward channel and began seeing the gold act as support ...
Once we breach this .45 cent area on ripple, I expect a move to 60 cents. From there, we will go higher. The question will be, do we have a pull back before that happens, or move right away?
Notice how MACD is shifting towards the upside. If we get a cross while in positive territory, this is extremely bullish.
Either way, we are long from 33 cents, with an add ...
While BCH has also broken it's trend line, we really need a break above $600 to signal a move higher.
MACD is itching to cross and RSI is lower than it's been in a while.
It seems it's just a matter of time before we get a move up.
Once we break $600 and really start moving up, my first target is $1,600.
We have been long from $55. LTC has had this broken wedge probably for the longest period of time. We have carved a bottom out at this $50 area.
MACD has crossed to the upside and is looking to build momentum. Once we break above this $70 zone, we will be moving much higher.
If we use Fib's for our targts, the first target would be in the 175 zone. We'll gauge ...
Remember how I kept posting about the shifting channel we were getting in BTC represented by this Gold trendline? About this massive purple trend line keeping BTC down? About not having any volatility?
We just got everything in one evening.
1. Broken Trendline. Check.
2. Broken Wedge to the upside. Check.
3. Broken RSI wedge. Check.
USDT scare drove price up. ...
Shorted the Vix. Bought Mar 19 PUTS at $11 for .10. You can get those really cheap right now and have a 5 month time frame, should work out well when the vix pulls back. If the vix spikes up again, I will be picking up more.
This week we had a substantial move in the crypto markets, wiping out 13 billion in market cap. There hasn’t been a solid news event, mainly it was short seller pressure and perhaps lack of interest.
If we look at some technical’s, we can see that this “Shifting” channel illustrated by my Gold trend line I have drawn, still has not broken. Awfully close, but not ...
The Markets have substantially gone down this last week and it hasn’t been due to a news event or any driver other than selling pressure and lack of interest.
The purpose of this update is to tell you what I am doing and why. It’s up to you to determine what you would like to do.
Most know that I ladder in my positions and it works to prevent substantial loses, ...
It’s interesting that both XRPUSD and XRPETH look to be in the process of creating a bull flag that will drive Ripple much higher.
While XrpUSD has substantially broken it’s down ward trend line, XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle.
All though MACD has turned down, we are still in positive ...
We are getting some movement on BTC and starting to flirt with this trend line. I want to point this chart out so people are aware. Most everyone has probably seen a chart like the above. Where people think BTC is going to go to 4k, then they have it going to the MOON right after, as seen above. I am here to tell you why that thinking is flawed at the present ...
Folks remember that as we get these pull backs, the only thing that can invalidate any type of upside move would be an invalidation of this 45 cent support zone.
From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents.
While MACD is crossing on ...