BTC moved solidly out of the steeper short term downtrend this week. There is a major intersecting of trends on BTC around April 23rd at $5960. I suspect that most will see this as a solid point of resistance, but this continues to look more and more like the tail end of a classic bubble. More likely, that point is just the beginning of despair. I expect a...
LTC and BTC both approaching the top of the 40-day down-trending range. This small rally is likely close to an end. Stop-loss to USD in preparation for next fall. I'm betting on $88 LTC and $5850 BTC in the next week.
I'm amazed how many crypto traders constantly build 10-day charts with 27 indicators trying to rationalize that the inevitable upswing is just around the corner. BTC and LTC shown in THE SAME CHART as I've been publishing since mid-February, with ranges still holding. Three days ago I figured we'd cross below target 1 on LTC and we did, but LTC fall has...
Same chart I published 40 days ago, same downtrends still holding (I keep thinking I'll have to tweak the trend range). LTC repeatedly testing the top of the trend and dropping back in; this is not a hopeful sign. BTC will continue to drag it down to the pre-boom average line. First LTC bounce target still at $132 at month end. BTC trend intersection is out...
BTC and LTC on the same chart, still in same downtrend. LTC riding the top of the channel down right now, BTC solidly in the middle and still well above mean trend from last year. Still plenty of room to swing trade, but be conservative with your risk. We have the potential to fall 20% in the next 45 days. A better deal is on the way.
LTC and BTC in 4hour charts. LTC still following same range I mapped back on Feb 28th, trend likely to continue. The bulls are too busy dreaming of moon cheese to hear it, but we're on a path to return to the pre-December trend lines in both. The huge December rally was NOT the making a new baseline, just a FOMO bubble. I see LTC @ $132 and BTC @ $6700 by the...
Gifto token had huge movements this month. GTO, like everything else, was on a steady down trend after the crash. It had a huge February due to the release of the infamous Palm Beach Confidential report, which suggested an easy 4x return due to Uplive adoption. The report in it's official release date (Feb 15th) caused a tripling in price on Binance, followed...
BTC still getting crushed, but just a continuation of overall bear market since mid-December. All Alts getting killed as well, LTC shown in comparison on a 1-day chart. If following average trend from pre-October on BTC, we could see $5500 in the next 30 days, though if the trend line off the early February low of $5920 holds BTC may stop bleeding in the...
LTC-USD broke above channel today, then BTC dragged it back into channel and below short term uptrend line. If LTC keeps ranging for another 24 hours it will break this down channel. Moves are following BTC, but lack the uptrend so BTC is the better swing right now.
ADA/BTC in a 1 hour chart: 2500 area acted as a resistance back in mid-December before the rally to ATH. ADA has been flirting with that line this weekend and now is up a bit to 2600. This may look like a buying opportunity to some, but expect further decline. ADA is still 5x more expensive than the next lower resistance from only 90 days ago when it nearly...
LTC recovered somewhat from Feb 20-23 correction, but now breaking through the bottom 4hr band. Probably a smaller bounce in the next few candles, but expecting it to be down another 10% before Mon Mar 5.
When measured in USD, the movement of alt coins is often a magnification of BTC movement. Alt coins are measured in satoshis, so when BTC dumps 10% in an a day, alts dump 10% in BTC value. That translates to 19% in USD value. Risks are higher in the alt game, compounded by the fact that most alt coins are backed by garbage fundamentals. With all that extra...
