This is a chart of the amount of shorts that are opened on Bitfinex exchange and you could see that in the last few days there have been a lot of shorts opened on BTC. Seems a bit funny that we get all the FUD recently and then today's news about a subpoena being issued to Bitfinex but not (today's news) it was issued last month on Dec 6th. BTC has been...
Here is a WEEKLY chart of BTC (Bitcoin) and price has come down to the 20 day moving average as well as approaching the uptrend line that started in September 2017. Both will provide support for this downtrend and will stop the downfall. You can see the 20 day weekly moving average has stopped 2 other downfalls back in July 2017 and September 2017. BTC will...
XRP has hit the target price (sell) after a decline of 54% from the date of the sell given on Jan 4th 2018. Price has retraced all the way down to the breakout level that occurred on Dec 28th 2017. It appears most of the selling has been completed and a significant amount of damage has been done to XRP. The coin will probably consolidate around these levels...
The chart on XRP looks very weak and has reached a critical level that if it does not hold then we may see a very quick CAPITULATION move to clear the decks. We should find out very soon!
OMG has performed nicely since the breakout at about $13 and has since doubled in price. OMG has exceeded my initial target of $18-$20 so at this point one could sell their cost basis and then just play with the houses money. However, I will say that the amount of wicks on the daily candles tells me that the price has been held back to not let it get too out...
Litecoin has been consolidating for almost a month and looks ready to make it's u pmove again. There is a small little double bottom that has formed that is also a higher low so all that is needed is to form a higher high and then I think it is ready to attack old highs and then set new highs!
The top is in for Ripple it appears. Price had moved higher on expectation of being added to Coinbase but that is in question. If you have been in this crypto then congratulations but now is the time to sell.
BitcoinCash looking to make a move here to about $3500 but keep in mind that this is a 4 hour chart so this is a short term call for now. This may turn into a bigger move but we'll address that if it gets to the $3500 level.
We gave a buy on Nov 10th of 2017 and are now posting a chart showing a good spot to lock in that profit!
Looks like Bitcoin Cash is starting an out performance streak relative to Bitcoin. Looks like new highs coming soon for BCash.
OMG has been basing for a few months now and has broken out of it's base. New highs hit today and looks like it's gonna make a run to $18-$20.
TenX looks ready to break it's range to the upside.