I noticed today nobody has been charting the BTC/CAD pair regularly. The problem with the BTC/CAD pair is that it doesnt "convert" perfectly from USD to CAD and depending on the exchange you are using you might experience volume problems when buying or selling. That being said we are looking at a play of about $1000 CAD. BTC is set to slide to around the...
BTC is tracing the right side of the head and shoulders pattern it is forming. There was a small volume spike that sent BTC up to over 7600 USD where we sit right now. This would be the time to sell BTC if you have it on exchange - o if you are thinking about buying hold off until at least tomorrow. For those looking for a quick play - BTC will likely drop to...
BTC is tracing the right right of a H&S pattern as was predicted in a previous post, Due to a number of factors - BTC should move sideways as it carves out its right side. There is potential for shorting between 7300-7500 though i wouldn't recommend it - you might close your trade on one part of the shoulder and get stuck on another. If I was in BTC I would...
Steem is moving up after hitting some lows. Most of this has to do with BTC dropping more than some inherit problem with Steem. The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem. If BTC continues to move up - you can count on Steem to move up - but it...
Welcome to the weekend - where technical analysts everywhere pull their hair out waiting for more predictable waters. Heres the deal with BTC. We are near the top of what most people are identifying as an inverse head an shoulders pattern. This usually signals a reversal of the previous direction (we've bounced up to 7730 as of right now). This does not mean...
BTC is currently in a bear market and will be for some time. That's not to say that there is not opportunity for the savvy to take advantage of the uncertainty and hopefully gain some more BTC. It looks like the current bottom will be about $6400-6500. According to my calculations we will see a "third wave" and another down turn before the market either...
Steem is a currency that can fluctuate wildly. From a TA perspective its been fairly predictable since the large price swing we saw previously. Heres how to play it. If you are in the money and waiting - keep waiting - until about 0.00023000 - it may dip a bit lower than this but this is a could place to setup tent. The first target sale could take place at...