itsenbay

itsenbay

After Bitcoin failed to break 50k this weekend, many people were wondering if crypto had topped out. Over the last 24 hours there were 1.6 Billion dollars in liquidations of various crypto currencies. Once these positions were liquidated buyers were able to hold the bid and restarted the bullish climb to recovery what was lost. Even though Cello is not able to...

itsenbay

One of the things you will hear about trading is how your patience is rewarded when you find a good set up. But sometimes you get rewarded without having to be patient at all. This case seems to be the latter. A quick review of the set up and break out and we will then discuss what has happened since the breakout and what we can expect next. The Set Up: On...

itsenbay

As stated in our thesis yesterday NuCypher was setting up a beautiful ascending triangle pattern. We identified a trend line for entry as well as defined our ideal profit targets and stops to control our risk. This morning NuCypher broke out on strong volume and reached a morning high of .64 The area above .62 was identified as a good area to take some risk off...

itsenbay

After gaining over 100% in value over just 24 hours last week, Nucypher seems poised for another breakout. Since the break out last week $NUUSD has found strong trend line support has it has developed into a bullish ascending triangle pattern. With clear hourly supply levels above it and strong trend support below a nice low risk high reward trade has set it...

itsenbay

After touching the highs from late Janruary, Cello has consolidated on the previous resistence at $3.50 and looks to be coiling for a major breakout. We need to find acceptance and consolidation around $4.00 before all time highs can be taken out. Volume has dropped substantially so we should see some movement either way in the next day or two. There is a good...

itsenbay

Thesis: Since it's first dramatic price spike of 2021 Cello has slowly been building an ascending triangle pattern with $3.50 - $3.60 forming the top. Cello has rejected all 3 previous attempts to hold $3.50 returning to back to its trend line. Catalyst : The triangle pattern has run out of room and stronger volume has returned to push Cello over $3.50 for...

itsenbay

Thesis : Coming off all time highs Litecoin began to consolidate in a bull flag pattern leaning on $121 as its main support. LTCUSD spent most of the last month consolidating in this pattern after a precipitous sell off from all time highs. Volume had also tapered off during this period. Catalyst : Feb 2nd with the price at $140 and with strong volume LTCUSD...