Resistance and Support Points In the above picture, the above line going through the transparent box shows how the price was trending against the $6.5k mark for some time. As predicted through the Telegram, the price did eventually decline down to $6.2k (that lower support point). Just for reference, none of the lines that you see in the above picture were...
The reason why this price analysis is called ‘don’t get fooled’ is because you could get fooled if you’re not careful. OmiseGo on the H4 In the picture above, we can see that there was clearly a defined downtrend line spanning from September 6th to approximately September 13th (the day that just passed); so, not a major point of transgression. Now,...
To get a really good idea of what's going on with ICON, we're going to have to go back to the 1H chart: We can see clearly what happened to the price action once $ICX broke through the south side of the uptrend line that was holding the price up previously. Soon as the price broke south of the uptrend for the flat top triangle (which we thought was...
Yup, for those that weren't aware (and I haven't seen a lot of charts on it, if any at all), there is a special chart pattern/formation that can tell us everything we need to know about Bitcoin if it ends up being valid. The formation in question here is the Rounding Bottom Chart Formation. This is something that I have not seen ANY one post about! So, I'll...
This is an analysis that felt near-mandatory given the amount of fairly bullish news that has come across the wires for Stellar in the last couple of weeks. As we’ve mentioned in some of our former price analyses, the partnership between IBM and Stellar has been the gift that keeps on giving in terms of the updates and developments that have been churned out from...
For those that have been following Monero, you’ve probably noticed the extraordinarily bullish sentiment that has taken hold of the protocl in recent weeks. There are a few reasons for that: 1. On a technical trading level, Monero was looking delectable. Period. 2. There was a report that came out that valued Monero somewhere in the upper reaches around $40k at...
The price of Litecoin has been moving in tandem with Bitcoin (just with more volatility) lately, which makes it an especially juicy option for shorts/longs depending on which direction you think Bitcoin is going in (i.e., if you think Bitcoin is going long, you definitely want to long Litecoin; if you think it’s going to drop, you definitely want to short...
So there aren’t a lot of really strong (safe) opportunities in the market at this very moment going either way (long or short). Thus, this seems like a perfect time to take a bit of a gamble and assume that the trend will last for more than just the 24–48 hours that it has lasted for and that the price of Bitcoin will eventually break through some of these lower...
For this price analysis, I’m actually going to look at EOS on the USD side of things. EOS Price Analysis The first thing that’s worth noting is the fact that $EOS failed to hit this major overhead resistance point (thus far): So, there are a couple reasons why this is important. 1. It appears as though the momentum for $BTC #Bitcoin is beginning to...
So after our target got hit, it appears that Bitcoin is looking VERY ripe for a mean short at this point. Below, I will outline in detail the reasons for my analysis: From what we can see above, Bitcoin started taking off to the races a few days ago after the price failed to break below the $6k resistance zone (it slipped below it briefly to the $5.8k mark...
Let’s take a look at $OMG and see what’s it’s been doing as of late. Above is a view of $OMG on the 3-Day chart. To say that the support line that I drew horizontally across the chart that you see above is strong in any way, would be an overstatement. However, if you look closely, it does appear as though the price has failed to move the price below this...
We haven’t talked about Monero in a while, but I’m bringing it back up because it had some notable price activity in the last week or so before getting throttled back to its start position. The chart above is on the H4 timeframe. The downtrend line that you see in the above picture stems from July 24th, 2018, which was when the price of Monero was at the top...
So, let’s not make any bones about it. I was wrong on this call. Unfortunately. Stopped out! Above is a look at Ethereum on the H6 chart. I pick the H6 because it tends to give me the best of both worlds when it comes to the lower TF charts. What Happened So, as the price of Bitcoin (specifically) spiked, Ethereum did not go up with it. This is the case...
It should be no secret to anyone that the price of Ethereum got absolutely throttled over the last few days. Let’s check out some of the carnage below: Although, things shouldn’t be considered all gloom and doom because that $280 support zone held itself religiously (with the exception of a short-term sell off one day that brought the price all the way down...
As you can see in the chart preview that I have for this idea, my R/R is showing a jump all the way up back into the $7k's from where we are. I'll explain why below: From the picture above, you can see that the bulls have once again defended this critical support zone and the price is now being sent in the opposite direction. Now, even though $6.5k has...
For anyone that has been tracking Ripple, it appears as though they've released a vast number of press releases today. I'm not allowed to allude to them, or this idea will be taken down - so I'll leave you all to figure that out on your own. However, in terms of price action - here's what we can see as a result: As you can see, the price of $XRP has...
Introduction Now, I want to preface this price analysis with the fact that I didn't want to mark this as 'neutral' because I feel that that's a cop out, and most of you all are looking for definitive predictions. However, please note the R/R ratio that I put on here. There's only a -3% S/L placed on the trade, so we're not placing a great amount of risk here....
If you've seen the price action for Monero lately, you'll know that it has been looking ROUGH! Check this out: As with most (damn near all), privacy-based cryptocurrencies, it’s been taking a beating over the last few days. Specifically, in Monero’s case, it has lost 39.60% of its USD value in the last 3-weeks alone. Things haven’t been as bad on the...