We have broken my previous downtrend line for the better which is a great sign for bitcoin. Seems we have consolidated enough to see a positive breakout and have been holding over 8k for most of the week with some healthy drawbacks. On the daily we are in overbought conditions so i expect we see a little consolidation starting this week, but we have to hope the...
We find ourselves at a critical point in my opinion on Bitcoin, will we break and hold over $7500 this week. As i have said the past weeks I fear we are in a descending triangle and we find ourselves at the top of the triangle here this week, though resistance is holding at the 20 week moving average which is the red line on the chart here. To break the pattern...
There is not much more to report than last weeks as we begin this week with a smaller red candle once more still under the 10 week moving average and still within this possible descending triangle. BTC has been week in volatility and moving overall sideways for weeks now so there has not been much movement at all. It feels like its stuck not moving much in...
The last two weeks have been good for bitcoin with some steady overall gains, and this eek we are staring with a slight retracement. However, I have a cause for concern for the long term aspects of Bitcoin at this time. The 5737 support line has been touched many times in the past and over the last month. I have a triangle drawn on the weekly chart here and my...
BITTREX:BTCUSDT
Ethereum was having a good run, but I am looking at long term sustainability for this coin here and the last few weeks we have seen a decline. This is the bitcoin pairing here, and i am hoping we find support at 0.0715 by the end of the week. I we hold above this line, that would signify a higher low which is good for long term bullish sentiment. 0.0862 would...
Well the bears are still in control for another week, and we are starting this week in the same fashion. Today i have a KC channel up showing that we are below the lower band, which is an overall strong bearish trend like we have had the past few weeks. Lower highs and lower lows with no strong swing in sight yet. We have been testing the 6K line to many times...
We start with long term outlook, i go back to the monthly chart and fine me a current trading range to be aware of. Right now we are below the 12 period moving average which is a small cause of concern for any continued growth. This tells me we could still be in a correction from the all time high we have near six months ago now. I want to see the month end...
Our friend Bitcoin is still so uncertain as to where it wants to go in the market. When we think were about to see another break, the bears come back and shut it down. I am sure many people are getting disheartened with crypto lately but this is a new market that is growing and not going anywhere, so this could be a time to not be in the market. Not having a...
Nexus has been on a good rin and finally broke through the 20, 50 and 200 period moving averages. The 20 and 50 periods are still below the 200 though but a cross of the 20 day may happen. I have been waiting for a correction to look for possible entry and we may have it soon. Right now we have a large momentum drop and a lot of selling going on which is normal...
I have hopes for Emercoin and we saw a positive breakout back into the bull area, but alas we broke the trend line and the channel only to find resistance against the 200 period moving average. Until this happens, I do not see a valid entry here though I continue to bide my time. Volume again is too low for there to be a break though that can always change. ...
DGB is showing some signs of life here and I have my eye on this coin for investment. We have the current candle sitting on both the 20 period and 50 period moving averages with a possibility of a crossover if price continues to climb which is a good bullish signal. We are still well above the 200 period moving average so these are all nice bullish signals for...
BTC is on a slow pace but we have some good signs coming out of her today. We broke a trend and have a candle above the 20 period moving average which is a good sign. For the trend to really be confirmed, we need to see tomorrows candle close above the 20 period moving average and maybe even see a drop and retest it as support. $7870 is the next line of...
I look for enty for OMG here as i believe it will be a good longer term investment. Here we see some divergence developing with the BB% and we eventually see a pull away from the lower bollinger band, but its been very slow and still hasn't gone positive with weak volume. The AC oscillator is coming close to the zero line signifying a possible change in trend...
We are seeing a possible trend change in NEO as we have some divergence shown here in the AC oscillator which is close to the zero line and the BB% also showing positive rather than the trend shown on the candles. We see a positive green candle forming which is another symbol of a sign of a trend change. We are at the top of the current channel which has to be...
Etherum overall has been on a nice bull run in the long term. The monthly chart shows a continued run of higher lows on the BTC pairing. I am looking to add to my ETH holdings as it is the only other coin than BTC that i actually hold for long term consideration at this point. We are seeing the signs of a trend reversal coming out of a correction. We found...
Digibyte is a third coin on a long term investment situation based on its weekly and monthly charts, so i post this looking for a buy in on the daily. Right now, Digibyte has been in moving to a more bearish trend with lower highs and lower lows, so a buy in may take some time. All oscillators confirm the trend is still bearish and we may not see support until...
Decred has been doing very well over the past few weeks, but we see ourselves in a price correction. We hope for support around the 20 period moving average which we are just above right now. Over the next 24 to 48 hours we hope the support holds and we continue the bullish trend. the Ac oscillator is still showing a heavy bearish trend, so if support does hold...