biffbifford

biffbifford

I have Charted a very SIMPLE chart analysis for your review. This simple little chart calculates support and resistance based on previous higher lows, so there is really nothing special here. So, let’s look a bit deeper into what the chart is trying to tell us? The overhead solid trendline is intact and supported with 2-data points for resistance in the price...

biffbifford Updated 

Well, here we go again crypto phenoms, another chart by the “Dyslexic Trader”. It appears we got that post Superbowl surge reflected in the previous red candle with the long wick, I mention in an update on my last ETH chart. This bullish move was meant to drive out long position and make people capitulate on their positions. Crypto trading is almost MORE...

biffbifford Updated 

See a pattern here? It sure looks like we are setting up for a little fall south, back to the $3.850 area. Nothing exciting here, so you know, now that I stated that, all hell will break out. All I can do is show you what it looks like to me. If you see something different, let me know? Outlook: Kinda Bearish when you consider we are in a channel that...

biffbifford

It’s Superbowl Sunday and for some reason, I am not interested in this game… go figure? Let’s have a quick look at LTC on the daily. Because this review is a daily candle analysis the resistance levels are further up the price action range. The Orange Primary Dotted Trendline is still intact which gives us some indication of support. The major lower support...

biffbifford Updated 

In my last chart ETH chart, I indicated it appeared we would trade under $116.00 for a bit. It appears this is correct, so far. But let’s see if there is anything that can give us a clue on where ETH is heading in the next few 4-Hr candles. The green arrows show long wicks indicating the price action was used to clear out long positions. What’s interesting is the...

biffbifford

XRP is one of my favorite cryptos. I can see this chain from a long-term perspective to instantly move large amounts of money instantly. Whether that is with XRP or the underlying technology; XRP fights to hold its place in this interesting crypto-space. I haven’t covered XRP in awhile because there is nothing going on. Price is stable (not a bad thing) and all we...

biffbifford

In a previous chart, I indicated what could be expected on a breakout when you enter a Symmetrical Triangle, Wedge, Pennant, or Flag formation. This is just a reference and based all on probability. I have previously indicated that theoretically, whenever the price action meets the criteria of those mentioned above, we look at the opening of said structure to...

biffbifford Updated 

If you follow me you know I have recommended buying LTC near or below the $30.00 price level. I am noticing this unusual accumulation in volume without the usual volatility. I think it's time to take LTC VERY serious right now. If you are afraid of FOMO, then you may want to start Dollar-Cost-Averaging into LTC. I have been accumulating LTC because of the unique...

biffbifford

Past Analysis: I put out many alerts on ETH when the bottom fell out, at the $116.xx level indicated on the chart. I recommended Dollar-Cost-Averaging into ETH near and below $107.xx. Since then we have had a bit of a small bull run. The question is, "Will it last?" It really is difficult to tell but we will give it a try. Technicals: In a previous chart I...

biffbifford

I made many posts on what happened to BTC. How BTC was artificially inflated and brought down in a structured stair-step manner as is easily seen on the chart. On the weekly let's take a look at some key technicals: We are trading right on the 200 DMA. It certainly appears if the 200-DMA breaks we will see sub $3000 price levels. Also, notice we are trading just...

biffbifford

Well, this has been very interesting, indeed! I see some calling out the "Falling Wedge" pattern on BCH. I would have to agree. In a perfect world, this could signify a reversal -- but this is not a perfect world. Let's see what should happen with BCH if it wasn't tied to BTC by the umbilical cord. But first how about... Some technicals: We are trading below...

biffbifford Updated 

I am seeing a lot of people making calls on BTC based on useful TA and insightful written analysis. But to keep it simple let's take a simple look at this complex price action. If you follow me you know I use a dotted Orange Trendline as the Primary Trend. Once the Primary Trend is broken I use it as a reference for support and resistance as seen in the chart. I...

biffbifford Updated 

ETH on the 4-Hr has demonstrated firm support at $4.181 price level. The green arrows show we have BANGED on the door of breaching this price support -- but it has held nicely. Looking at the overall crypto-market for Sunday, January 27, 2019, we are seeing the BEARS taking positions across the board. A breach of $4.168 should land us nicely on the little green...

biffbifford Updated 

They are trying to drive ETH down but there are too many buyers waiting to get in. But they are succeeding at getting people OUT OF THEIR LONG POSITIONS! This is how it works crypto traders. The battleground is being fought right here in ETH. Look at the clouded circles where they have attempted to drive the price lower. I am hoping the buyers will step back in...

biffbifford

Yawn, YAWN, YAWN! This is more of the same TA -- I don't know what to say, but this is boring. The orange dotted trendline is resistance and continuing to hold. While the appearance is bearish, the reality is we are range trading. If you can buy around $115.xx price level, I would say dollar-cost-averaging into that level would be a good way to begin your entry...

biffbifford

XRP has been comfortable trading just above the $.30 price level. The volume is low but consistent with the overall crypto-market. If you follow me you know I really like XRP. it's cheap, hanging around its lows and trading very stable. I am bullish on XRP for 2019. I can't see it trading as high as $1.00 because there are just too many XRP out there. But if there...

biffbifford

It appears there are buyers waiting to jump in at the $116 level. I did give a BUY recommendation at that level. There is no assurance that price level will hold is we do not get some news very soon, nonetheless, ETH seems comfortable just above the $100.xx level. The price action is neutral. I hope you have dollar-cost-averaged in and continue to buy small...

biffbifford Updated 

We are headed to a Triple Bottom as seen in the chart. Will S1 hold? If you're looking for a long entry, I can't see any reason not to consider a small investment with an entry near S1 (116.xx) price level. Even if we break lower you can add more and dollar-cost-in with the expectation Constantinople news will blow this thing up! S1 is the key, so set your alerts...