eexus

eexus Updated 

As an add-on to my previous chart, I decided to dissect the timeframes of all the previous parabolic pumps. Please note I am defining a parabolic pump this post as a consistent pump without a major retracement. If you average out the time it normally takes for Bitcoin to go through a parabolic pump, it ends up being around 70days. If we apply that math to the...

eexus Updated 

If you look back to the trading path of Bitcoin since 2011, you will see an interesting trend starting to occur. Now I've seen various interpretations of this chart by other TA guys on here and I think some of them may be misinterpreting what is happening. Some have been drawing this chart with the $20,000 ATH back in December of 2017 as the TOP of the trading...

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I noticed some very interesting points indicating suppression in Bitcoin. Since the major spike back in December it looks like the crypto cartel is not allowing the RSI to go above 60. If you look at the chart, they are always squashing the runs once it reaches around 60 on the RSI. You see major sell offs at VERY important times and they are always at key...

eexus Updated 

After the recent breakout, BTC is consolidating at $8,900 which is the current level of upward resistance. The next major resistance levels to pass to the up side is the 100 day moving average at $9,500 and then the $10,000 psychological mark. If BTC can get above the $11,500 mark, I would consider us back in bullish territory. If this breakout holds, the next...

eexus Updated 

I know its still too early to call a bottom but I thought I would do a quick post of what I would like to see as a good start. If the SEC meeting today goes well, I can easily see a big buy day. If today's candle closes above $8,200 it should cause a major spike in volume and signal a strong rebound. That rebound, if it holds, would keep the secondary major trend...

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As much as I would hate to say this, I think we may be going down from here. There is a bunch of signals flashing red indicating it's time to go down, and very little of anything saying we hit the bottom and its time to go up. So let's take a look at why I think we may see a flush out to the bottom before we start a new bull cycle. 1.) On this logarithmic chart,...

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As Ron Burgundy would say... "Well that escalated quickly..." Another correction, another day in crypto. This one just felt extra painful because the pump was much stronger than usual. But I think the pain is almost over. BTC has hit key long-term support lines and it looks like it is close to touching the oversold area in the RSI similar to 2 previous occasions....

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After a huge bull run back in June 2017 we experienced a very healthy market correction that retraced approximately 50% of gain before starting a new bull run. As of today it looks like the market has just corrected a similar 50% from recent highs and could potentially be signalling the end of this correction. Personally, I think this leg down was greatly...

eexus Updated 

When we look at the major Crypto Debit/Visa card projects we can see that TenX has been lagging behind its competitors even though they probably have the strongest project. I would expect TenX to catchup and test if not break through its high of $6.90 USD.

eexus Updated 

I just wanted to share that there are 4 alt coins who are currently showing great buying opportunities which have not yet recovered from the last correction in the market that occurred from Jul 4-15, 2017. I'm actually surprised they haven't recovered like the rest of the market yet. As far as I'm concerned these are a couple of sleepers you may be able to take...

eexus Updated 

Bitcoin has been forming a downward (or sideway) pendant formation indicating weakness in this crypto. It broke to the downside after going below $2,422 and bounced up and touched the bottom of the formation which is more a confirmation to the downside. Doing this on low falling volume and a downward trending RSI shows it doesn't have a lot of support so if it...

eexus Updated 

Litecoin (purple line) is showing major strength during the recent market correction. When we compare it to Bitcoin and Ethereum, it looks to be holding its own very well during this time. It's also setting up a bull flag which should push it to $60 when the market recovers. I like what I'm seeing. Although I'm very bullish on Litecoin, if your looking to...

eexus Updated 

Litecoin has been consolidating for some time now and is currently battling with the lower resistance level of $23 (on low volume, meaning its kind of weak). When we look at the Relative Strength Index (RSI), Litecoin appears to be bouncing off the lower range of its trending path. If it can hold and start moving back up, we could see it head towards the $50 range...

eexus Updated 

Bitcoin has been on a tear recently but it looks like the acceleration in its rise has pushed it far above the bullish channel which has held true over the last couple of months. It looks to now be in overbought territory. Although the estimated target of the run is $1,400, the pace at which its going to get there is a bit worrisome. Keep your eyes out for...

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LTC looks to be testing minor upper resistance at $26. If it can move above the next resistance levels of $27 & $30, we could easily see a push to $50. The current pull back from the recent high of $39 is great news. It looks like LTC is consolidating and flushing out weak hands or those taking profits. The main fundamentals for LTC still remains, if not...