Corrections are needed for more upward movement :)
The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind.
Finally Ethereum is making moves! Just not in the direction many hoped..
Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of...
The Bad News:
Despite a majority of all other cryptocurrencies going up 2-10x the last couple months, XRP has seen minimal gains USD side. On the BTC side, ripple has gotten completely destroyed. Smashing yearly log support lines and sending XRPBTC in what seems a never ending bear cycle.
The Good News:
Looking at nearly every previous bull run, XRP has almost...
Market action the last couple weeks has been crazy! Many of us have been able to make huge gains on our accounts in such short periods of time due to this volatility! However we much remember not to FOMO but to act rationally to maintain our earnings.
That being said, many of those who follow me know that I have been bullish on Ethereum and other coins such as...
After months of ranging, XMR has finally broken north out of the pennant that was formed on the daily time frame.
All it has left to do now is to break the current resistance level to remove the possibility of a double top. As long as this level is broken we should have no issue reaching T1
However, based on the size of the pennant, I have marked additional...
After a month of ENJ going nearly 10x from its bottom in late February, it has had the chance to consolidate to the 50% fib retracement zone. Which in doing so, it has created drastic similarities to the consolidation wave after its first leg up.
Therefore it seems it could be repeating the same pattern once again, only this time on a larger scale.
Since Etherum formed its latest bottom of $80 and bouncing nearly 100% the crypto community received a glimpse of hope that crypto may rally once again.
Since we were rejected at $160 for the second time I have seen an overwhelming amount of bears come out of the woodworks.
I am not posting this chart to say whether I am Bull nor Bear, I am merely here to support...
The chart above is for an experiment based on peak linear regression.
The two main support zone above were established by analyzing historical movements based on regressional trends.
The 16k zone represents the possible standard deviation zone, while the one below represents the regressional mean to the peak.
The Peak Momentum indicator below establishes...
As BTC continues squeeze, many like myself are stuck wondering when the next move will happen.
Looking at the daily chart of Bitcoin on log scale, you will notice that it is inching its way closer to the long term trendline. It appears that if the price remains stable, within the next day or two we will come into contact.
Once contact is made, I believe a large...
For those of you following my ideas recently know that I am very bullish on ETH. This is primarily based on my previously conducted Volume study. link below
That being said, Ethereum just closed a daily candle below a multi-week trendline. Just about 2 weeks after the VPSI showed complete buyer exhaustion on the daily at about $250.
These signs lead me me to...
Throughout all of this chop, it appears that Bitcoin has formed a possible head and shoulders pattern.
As I am writing this post, BTC is currently re-testing the established neckline.
IF in fact we do continue breaking down, I have a primary support located around $6000 or in the green range shown above.
There is also potential trendline support around...
As the crypto market begins to gain some bullish momentum, it creates multiple new trading opportunities for us all.
Above is my current support and resistance chart for $LTCBTC
It appears the LTCBTC pair has finally broken multi-day resistance and is currently retesting for support.
IF support is held, I believe a second and maybe even third strong leg could...
The last 9 months for the crpyto market has been a brutal place for the bulls and long term hodlers. Ethereum has seen nearly a 89% drop from the top to the recent bottom of $170.
Looking at price action alone, many would say the Ethereum bear run is far from over. However, when taking volume into account, others could say the bottom may be near.
- The Analysis -...
For the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days..
Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel.
As you can clearly see on the chart below, this is the second time we have found the price below the...
During the beginning of the crypto sell off earlier this year, Ethereum was one of the highest performing alts for a great period of time.
I believe this was because during the beginning of this bear market, people were not as hesitant to take risky investments such as ICOs, AND also, many ICO developers were likely cashing out their tokens for Ethereum, all in...
Many of the educational posts out there are mere examples of past chart patterns that have already completed themselves. Which this is an excellent way to study data and to help predict future movements, it tends to create over-confident traders.
As many of us know that there is no 100% guarantee to any chart pattern. However many people, myself included,...
Over the course of the last 6 months Bitcoins spot volume has been plummeting while future volume has been rocketing on the backburner.
The two custom indicators above are a perfect display of this. The BTC World Volume displays the total traded Bitcoin Volume over the top 17 Bitcoin Exchanges and currency pairs. It then separates the futures market from the spot...
Idea entirely based off of the fractal above.
Extreme similarities between the two.
Based on the fractal my ideal entry should be just above $6000. This is just as long as support holds.
Final Target would be the 1.272 fib level.
Fractal becomes invalid if we were to make a lower low.
Wish you all the best of luck!
Please note I am only...