Monthly Candles, The Fibonacci is drawn between 2011 high and 2015 low. At present Gold is presently attempting to break the resistance at $1376 which also coincides with 0.618 on my Fibonacci. This has vestiges all the way back into 2010. This is a strong resistance point on the chart. If/when Gold closes over $1376 then there is little resistance until $1478...
At the moment BTC has risen above the 200 period moving average, and sustained a move above the R1 resistance price pivot point These are positive signs. Volume is just OK. RSI - Approaching overbought short term Soch RSI - Indicates we may have room to run upwards longer term. MACD - Warns of potentially over bought medium term The present challenge is to...
XLM has closed a daily candle above the 200 period EMA, and above the 50 period MA. It has also risen strongly over the Fibonacci level at $0.26. The MACD and RSI are positive as well. Stoch RSI is in the caution area of the overbought. Volume is just OK At this time XLM looks set to reach $0.338 which is the 0.5 of the Fibonacci level. A close over 0.5...
How many times you wish that you could have bought Apple at $0.19 a share? It would've been a fabulous ride until now had you been able to do that. There are a handful of crypto's in the market today that have that kind of potential. Today I want to focus on Cardano, symbol ADA. As I write this Cardano is currently trading at 19.1 cents up 21.27% on the day. I...
A weak flag formed. Currently in a price range and looking for a breakout in either direction. This could be a pause in a longer uptrend denoted by the green trend line.
Golem's Price ran up from $0.276 to $1.88 or 561% in one day. Then settled back to a gain of about 170% as I write this. You might ask why? The Golem Project Tweeted Prorsum et sursum ad excellentiam. Golem is proud to announce we have finally launched our Brass Beta into mainnet. We still have a lot of work to do - but this marks a new beginning for us This...
YESTERDAY I WROTE THE FOLLOWING What's going to happen with Bitcoin next? At this moment based on what's happened the last few hours it's kind of hard to tell. I would watch the resistance levels that are drawn on my previous charts. We blew right through 7400 which I mentioned in another article I wrote this morning before this explosion. Bitcoin touched the...
Wow, trading in crypto currencies is a lot like being in the trenches during a war. Speaking from personal experience you can spend endless hours in the dark and the quiet when nothing is happening and suddenly BOOM it's all in your face. Just as in warfare, some of you may need to check the condition of you shorts after things go boom. I never trade on margin...
If we get a bounce at 0.048 on the old highs of past minor swings, I'm considering a trade open at 0.048$ with a profit taking at 0.90$ I am relying on past trade swing prices and trend lines to make this theory. Time will tell, but as my past posts point out Verge is worth watching. In any case I believe Verge XVG is one to also hold long term as well as a...
The Verge Trade is ON! I wrote about a trade setup for Verge the other day. I traded on Verge this morning entering at 4.5 cents and it has risen to 7 cents in the last 17 hours. I'm still in and watching closely. Verge did not complete the last touch of the Bulkowski Trend line but when BTC took off it was a good signal. I had mentioned the importance of...
I Entered this trade at 7285.5 Bitcon is Currently at 7433. I'm watching the Stoch RSI which is in the overbought zone. Also watching the Bollinger Bands as well which are currently against the upper Standard Deviation of 2 on 20 periods. I'm watching the Fib line at 7286 and the 50 Period EMA currently at 7361 as possible resistance/support lines. If closes 4...
Summary: XVG is building toward a nice trade setup. A Bulkowski Ascending Wedge has formed and 2 of the 3 required touchpoints on the lower trend line have been completed. The trade becomes active when the price touches the lower trend line for the 3rd time. Positive volume has been good and Verge is already up about 12% today in the process of forming this...
Summary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions. Trading on margin is a fools game in this market it's screaming short squeeze. We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of...
Summary: Bitcoin has bounced along in this area for some time now, which tells me there is some strength underlying these prices and would seem to indicate that Bitcoin is attempting to form a bottom. We are by no means out of the woods yet. And I would not advise any trades at this moment. The fact is we could still go lower but I think the bias is to the...
Summary: It would appear that in the short term Bitcoin is forming a bullish trend that should be a confirmed trade beginning at the range of 8850 if a four hour candle is formed above that level until it meets resistance at 9881. If Bitcoin fails to break out past 8850, it's possible that it could recover at the resistance line around 8400. If 8400 fails to...
Re-posting this chart due to an error on my part regarding house rules in the original. Currently it is 20:55 UTC time On March 20th, in the current Bitcoin -3.05% price on the Bittrex 4 hour chart is 8849. We've had a nice run-up over the last few hours from the $8500 area. The price is over the nine period moving average, and has just crossed above the 50...
Summary: It appears that there is no good news for Ripple at the moment. I'm staying pat on this one for now. If I were to do anything, it would be a spread of orders between the two trend lines centered on the current price. This would require close monitoring and constant updating. Too intensive I think for 99.9% of traders. The Chart: With BTC turning...
Executive Summary: I believe every crypto currency investor should have some verge in their wallets stored safely off-line is a long-term hold. Verge has suffered pricewise severely during the recent Bitcoin price slide. The decline in verge prices been wildly out of proportion to its true value. This represents an investment for the long-term opportunity as...