Want to really see where this ship is headed? At first, I started to doubt if BTC would ever have another bullish run (not really). However, here are just few bullish clues worth mentioning that re-instilled my faith:
1. A ton of accumulation rook place at 6k-6.5k (which pretty much explains all of the boring price action).
2. Very BIG 'whales'...
With all the recent blood in the street and current ups and down between 5900 and 6600, this brings to ask (and hopefully answer) the question, "When Moon, Sir?"
Honestly, I believe we are closer to seeing a larger rally sometime in the fall/winter --following another smaller rally I expect to play out near-term. However, in order for this to...
Although I am currently well established into my long position (~6150k), I've decided to share a possible scenario I can see unfolding leading up to the anticipated August 16th ETF announcement/decision.
So far, BTC has seen a steady (yet rapid) growth to 7.8k. This current level between 7.8-8k is a major level of resistance both technically and...
Having had a stellar year thus far trading Bitcoin (currently up over 3000% ytd), I am now ready to share a few thoughts on what I currently see happening in this crypto world.
First and foremost, one thing to note is that it appears we are currently making another attempt to shift into bullish mode, but before we do, it appears we are currently...
As the saying goes, "Fool me once, shame on you. Fool me twice, shame on me."
That said, the one thing I've learned in my trading journey is it's better to be always be somewhat skeptical of the market. When something appears 'too good to be true,' it often is.
Applied to the markets... When things seem too bullish and everyone is getting too...
Keeping this analysis short and sweet.
BTC has been making making a series of Head & Shoulders (H&S) patterns throughout this bear market. Unlike the many failed Bull Flags and reversal bear flags, the one consistent and reliable pattern indicative of a (sharp) downside has been the H&S pattern.
Although we may still see BTC rally toward...
VIABTC will certainly be one of the coins to watch in the upcoming Spring/Summer of 2018. With a max supply of only 23M and a market cap of only $62M, this coin is still grossly undervalued (currently under $3).
These fundamentals mean this coin has some SERIOUS upside mid-term potential.
From a technical standpoint, VIA has plenty of room left...
RUMOR: XRPBTC may be added to Coinbase soon. Tune in to CNBC March 6 @ 5PM EST for more news regarding this possibility.
In the meantime, this news combined with the large falling wedge on the daily may equate to some serious potential gains in the days to come. If for any reason the rumor is true (in regards to the adding of XRP to Coinbase), I think the level...
With the Callisto airdrop underway on March 5th, ETCBTC may be starting to rev up it's engine. The 4Hour Chart is showing signs of reversal and is somewhat oversold on the RSI as well. There is also (what appears to be) an inside bar forming on the 4-hourly (this will confirm in the next couple hours or so). The daily chart has also be...
1STBTC is being delisted from Bittrex, however, I cannot ignore possible (future) setups based on the technicals the 4hour and daily chart presents.
Although this coin is being delisted, the project does have a supportive community and lots of potential. Again, in the future.
Since this coin is being delisted and the volume isn't where I'd like...
NEOBTC appears to be holding up very well during all the hoopla taking place in the cryptosphere these days. For those who don't know, NEO is considered the 'Chinese Ethereum' by many. Having made major moves in 2017, it appears to be gearing up for another major run.
Volume is surging, and there is a Bull Flag in formation on the daily chart....
Just when things started to heat up really nicely for LTCUSD, FUD was dropped into the cryptosphere. That said, LITPAY has been postponed.
So, what does this mean for LTCUSD? In my opinion, unless we see LTC breakout above $240, I am expecting LTC to dip under $200 (as expected).
Currently, LTC appears to be forming a descending wedge on the 5...
Today, Litepay launched. Yesterday, Litecoin rallied... Somewhat.
As I stated in prior post, if Litecoin rallied over $200, I would take the trade; and I did. $200.47-$229.91. This was a relatively quick trade which only added to what has been great gains thus far. However, now I believe the party is over. (For now at least.)
As the saying...
Although I am overall bullish on LTC, I cannot dismiss clear signs of correction. After LTC crossed 250.00 (which was my last target for this play, LTC took a turn downward.
If one takes a quick minute to view LTCUSD on the daily chart, the once-pending bull flag formation has failed (or is failing). Drawing a trend line on the daily shows what...
I've been watching this one steadily now. Support is currently strong at ~0.00004200. RSI at 4H looks solid; No indications of this being overbought. Good entry would be anywhere between 0.00004200 -- 0.000043; stop loss at 0.000040. Otherwise, GRS seems like a winner over the next few days. Thoughts?
Head and Shoulders on the Daily Chart (1D) combined with all the FUD, RSI approaching under 30, and no bullish flip on the MACD suggests BTC is heading down. The question is, how low?
I believe although BTC has strong support around 3000, that support may break as Negative news from China continues to slam the price. Combine that with the Hard...
Bitmark (BTMBTC) is currently consolidating the handle of what appears to be 'round 2' of it's cup & handle formation. The last round (earlier this month) more than tripled in its BTC value before correcting. In my opinion, with only ~6 Million BTMs in circulation, this asset is wildly undervalued at less than $1.00USD. Nevertheless, this is...
A Cup & Handle formation is now in play for ETH. Although I would sill trade with care, the strength of the play will be bassed on which level of support the handle is formed at. Will it be at 316 or 308? Let's wait and see.
If confirmed at 316, that would signify a strong bullish trend indicating ETH will likely see 350 sooner than later....