TheCryptosaurusRex

TheCryptosaurusRex

After a huge move up a few days back, XLM has taken a bit of a breather like most of the alt market. With 30 minutes left in today's session it along with Bitcoin and Ethereum are showing signs of life. XLMBTC has been consolidating for a few days and has Squeezes coiled and looking like they're ready to fire long. Taking a look at an 8-hour chart, you'll see it...

TheCryptosaurusRex

...I think so :) NEOBTC like most has been hammered but appears to be bottoming out. It has yet to have a decent move off its recent lows like Bitcoin and a lot of the crypto market has over the last few weeks and days. With Squeezes firing and coiled across multiple time-frames, I'm looking for a decent move to retest the high of the previous swing at...

08:22

TheCryptosaurusRex

After coiling for days, Bitcoin and Ethereum both made monster moves up (currently both up over 5%). Going into the close (7pm CT) I would expect to see some profit taking with hopes price settles above 8000, which would be a good sign for bulls. WIth that said, the algos have become quite efficient at running stops. On big up days like this, you'll typically...

TheCryptosaurusRex

Have to imagine I'm not the first person to think of that ;) lol. Anyways, from a 4-hour chart, XLM looks like it's ready to head higher after consolidating for a few days. With a Squeezes coiled on 30-minute, 2-hour and 4-hour charts I'm looking for XLMBTC to retest the previous high (.00004380). First, it will need to clear the 50% extension at .00003957....

TheCryptosaurusRex

Bitcoin and most of the crypto market has had a pretty decent run over the last couple of weeks, but we've reached a fork in the road: Are we finally exiting the downtrend or are bear'bears taking the 'wheel' once again? Looking at Bitcoin from a Daily perspective there's a pretty clear triangle pattern that's formed and we're butting up right against the...

TheCryptosaurusRex

Bitcoin has a short-term bullish signal setting up. As you can see on the chart there is an inverse head and shoulder visible from a 30 or 60-minute timeframe. The neckline comes in at 7397. With a break of this, I'll be looking for a retest of the recent high of the previous swing (7700). There are Squeezes setting up on both a 30 and 60-minute chart right...

TheCryptosaurusRex

LULU has been a MONSTER this year! With Squeezes setting up on both a daily and four-hour chart makes me think it will be headed higher towards earnings which looks to be at the end of August. Depending on how it opens tomorrow (looking for a pullback) will ultimately decide how I play it. I'd like to sell an at the money put credit spread, but with the way it's...

TheCryptosaurusRex

XLB (Materials ETF) has been consolidating for weeks and looks like it's getting ready to make a move higher. With Squeezes on both the Weekly and Daily Chart this looks like a 'set it and forget it' type trade: In a perfect world, I'll be looking for a pullback tomorrow where I can pick up the 58/57 Put Credit Spread: Put Credit Spread Sell 58 Jan Monthly...

00:00

TheCryptosaurusRex

Today Bitcoin exploded higher up over 10% at multiple points throughout the day. As I'm writing this it's off it's highs by a little, currently trading at around 8.31%. With a little room before the next major area of resistance, I think we may see another 4-6% move in BTC before things start to get dicey. Around 7800 we have the confluence of Fibonacci...

TheCryptosaurusRex

The popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also...

TheCryptosaurusRex

If the size of support were to have it's own gravitational pull, then by those laws of this pretend universe ETH and the market must move lower. The next area of major support comes in between 380 - 350. A relatively wide range, but when and if we see these prices again, I doubt we spend much time at all towards the end of that range. As you typically see with...

04:07

TheCryptosaurusRex Updated 

Right now I think everyone sees the same thing: A big ole wedge setting up on ETHUSD...now I hate to burst your bubble, but I don't think it's ready to head higher just yet. As we speak Ethereum, Bitcoin and the rest of the market after a rather quiet day has started to sell into the last hour of the session. We're at a pretty key decision point here in the...

TheCryptosaurusRex Updated 

After today's explosive move we saw in both Bitcoin, Ethereum and most of the crypto market, I'm starting to feel confident that it may be the real deal finally. A Squeeze fired short last week on Bitcoin, but with the move we saw yesterday, the momentum has now shifted bullish. If we see a continuation I think we're in store for a few weeks of bullish activity....

TheCryptosaurusRex

For 5 days now, GASBTC has been coiling and it looks like it's ready to make a move higher. With Squeezes across most timeframes (as you can see here on the 4 hour chart) I'm looking at a target around .003021 (.382 Fib Extension), just shy of 9% move from here. If this Bull Flag patterns fails, I'll be out relatively quickly with about a 1.55% stop.

TheCryptosaurusRex

EOS has Squeezes firing long on multiple time frames and looks like the Daily Squeeze that has been coiling for 5 days is going to fire long. These Squeezes coupled with Bullish activity from Bitcoin, makes me think EOS could retest it's recent highs in the coming weeks. As of now, we're about 33% off those highs which came in a little over a month ago (34 days to...

TheCryptosaurusRex

IOST already looks to be benefiting from the upward movement we're seeing in Bitcoin this evening. With continued movement higher for Bitcoin, I would expect IOST and many other altcoins to follow suit. My first target in IOST is at the .382 Fib Extension or .00000616 (or just shy of that). With Squeezes firing or looking to fire long across multiple time-frames...

TheCryptosaurusRex

Bitcoin has found itself right on top of long term support starting back in November. With the Squeeze looking to fire long on an 8 hour chart, I would expect this move to take place over the next couple of days. First target comes in around 8150 and the second target coming in at 8500. Over the last couple of weeks the volume has really dried up during the...