FaalHaas

FaalHaas Updated 

We've been seeing strength in the crypto markets for this entire year, but if you ask me the market is overbought and is starting to overheat. I am seeing a market at all time highs, a market moving up at descending volumes especially since the last dip to 5500. There's bearish divergence on the MACD, the RSI is slowing and net longs have been increasing. On top...

FaalHaas

I opened another long on this pair from 0.0055. Why? LTCBTC has been oversold for 21 days on the weekly timeframe. Daily prices have been holding steadily for a few days while indicators were still deeply oversold. With today's move up and BTC hitting resistance we may be ready for another move on this pair. Fundamentally, LTC works. It is still being actively...

FaalHaas

So, we failed to move past major resistance at $490 on quarterly futures. We have way to many margin longs on Bitfinex and everyone wants a free ticket to the moon. Another month of sideways will leave room for an LTC pump as it's trying to break from the LTCBTC ratio. Let's close these longs and start over, please?

FaalHaas Updated 

With the Ethereum bubble fueling loads of altcoin pumps these days, most people are keeping such a close eye on it that the accumulation on LTCBTC seems to have gone largely unnoticed. Litecoin is even considered dead by some traders, which to me signals a great buying opportunity. It is not a matter of if, but when Litecoin is going to pump again and when...

FaalHaas

Silver closed above the falling wedge it has been in for a few years, following gold's move a month earlier. With the gold/silver ratio this high and keeping in mind current economic data, it is definitely worth keeping an eye on over the next weeks/months.