chillcrypto

chillcrypto Updated 

We saw a gap up today, reminds me of the good old days. :-) We have broken out of above a months-old downtrend channel and above the 20-period EMA. We should wait for confirmation. With this sideways action, if you are clawing back in your portfolio, you can consider short-term profit taking or adding to your position when we re-test. The biggest vulnerability...

chillcrypto Updated 

It is fairly easy to see we are in a convergence of a short-term upward trendline, mid-term downward channel and long-timeframe horizontal resistance (that previously acted as support). This is going to make it very hard to push upward out of, but if we do, then our next hurdle we have is in the 40-42k area. If we don't we will re-test our prior low. This is a...

chillcrypto Updated 

Interesting times. No matter what anyone tells you, all markets are intertwined. If the anxiety about the equity markets comes to fruition - crypto will follow (as it did in March 2020). Will my hedge fund SDOW or Silver continue up? Or will the market fake-out to the upside. We'll see! On May 19 we tested a level of support we confirmed on Jan 27. From May 19...

chillcrypto Updated 

Not financial advice! FWIW! Last time we had this pattern I made a decent profit when we confirmed our support level and pushed back up - the same pattern appears to be emerging here. I was able to turn that around back into this swing and increase my HODL'ings. Or it could be a fake-out? Will there be enough buying at just under 35k? Trade safely!

chillcrypto Updated 

We've had two very large spikes in positive volume recently, someone(s) obviously accumulating at what they believe to be a bottom. After double-bottom around 34,650 we pushed through the first area of resistance and regained an upward channel and just under an upper area of resistance. The lower upward trendline and area of resistance we pushed through seems...

chillcrypto Updated 

I know, I know, Conrad you've got it all wrong... we are going to zero... all schools of analysis point to a downtrend... I say, fine, you are probably smarter than I am. But if you use standard charting tools you can draw out an upward channel that we are attempting to hold here in the short term. I'm just pointing this out. I've used the following chart to put...

chillcrypto

WARNING: Complete and utter speculation based on unfounded assumptions! Not financial advice. SDOW has been pushed down into the dirt by the Dow Bull(ies). Are we getting ready to turn around, trip the gloating bully and run for profit? I've been ridiculed in the past for doing so. But today at least I am in the green. I've put a hedge on SDOW, made a percent...

chillcrypto

FWIW, this is not financial advice - it is a dubious idea at best. I'm looking to 'chew back' some lost profit by very small simple trading on the larger altcoins that pose a second opportunity for traders than just price alone. I have drawn out some simple upward trendlines and an area of resistance that will be difficult to cross. Algorand bounced off an...

chillcrypto Updated 

The long upward trend line from 23-December is still acting as a support line for Ethereum. We've broken this a few times but quickly regained that line as we move along into a consolidating triangle pattern. I know that the winds are not in favor of Ethereum over the next few months (Bitcoin dominance, downward trend, upper resistance bands). Some of my earlier...

chillcrypto Updated 

Ethereum is pushing up strongly again into an area of resistance that will likely mark the top here as .0775 seems to be a prior retracement level. Is Ethereum FUD coming? And will traders pivot back to Bitcoin?

chillcrypto Updated 

Just testing here to see whether we can reliably jump out of and back into Bitcoin with specific trades. I've selected 3h timeframe here because it overlooks volatility and appears to be more predictable with respect to trends. In this scenario, once ADA / BTC broke a downward 3h channel, nearly 12.5% upside was realized. I've set up a specific BTC pair watchlist...

chillcrypto

The Signalyst just published an excellent review of monthly drops comparing May 2021 to November 2018. That got me thinking what would that current pattern look like compared to our current price level. Crudely mapped out, over the next six months to the next ATH there would be additional pullbacks and we would ATH in mid-to-late November at just under 100k....

chillcrypto

Apparently Bitcoin is resembling 2013 - well, the last time we saw gas prices this high was in 2013-2014. Experts say to expect a run-up through July. I noted last Fall, if you want to make yourself feel better, maybe (not financial advice) buy some UGA and when you fill up at the pump you will feel like you are paying yourself. :-) You can see the chart...

chillcrypto

We are trying to confirm a level of support here or close to it around 28.85 or so, but we are missing any real indication there are accumulators ready to pull a larger purchase. Rather I see stories about passive investing using 'bot trading' with 'quiet accumulation'. At some point there will be enough accumulation that supply starts to dry up. Right now though,...

chillcrypto

I understand that there are sophisticated models that may paint a more accurate picture. However I think that it is worthwhile to step back in these moments and review where we have been and where we are now. I've drawn a line along the lows using the 3-day time period, as it relates to a 20-period EMA. Although we had a very steep run-up recently, from this view...

chillcrypto

Just putting this out there and many I'm sure are already aware, but there are speculators apparently watching the crossing events for trades in these speculative coins. IMHO too late now, but I'll be using this idea on a daily timeframe to identify a new crossing opportunity. FWIW. Highly speculative. High risk. No guarantees. Etc.

chillcrypto Updated 

Simply placing two investment vehicles on a chart relative to each other. Grayscale Ethereum in orange. From a charting perspective, it is interesting and a coincidence that the Grayscale Ethereum (in orange) peak lines up perfectly with the two prior Grayscale Bitcoin peaks. It is also interesting how both will enter a common channel (when compared with each...

chillcrypto Updated 

Alt season is over, but many argue Ethereum is no longer an alt-coin. The argument seems to hold true as Ethereum is again showing strength vs. Bitcoin. We don't know longterm what new technologies (and crypto) will pose a challenge to Ethereum (or even how Eth's future tech will perform). What we can say however is that we seem to be getting another opportunity...