benbachman

benbachman

Litecoin's bullish rally may soon be coming to an end. After carrying momentum into the new year and sustaining gains, it looks like the buyers have run out of momentum. As both price and rsi move into a classic head and shoulders pattern a reversal is looking likely. This is an easy opportunity to see major returns shorting LTCUSD . The pattern is broken if a...

benbachman

The way we talk about the BTC weekly chart could be all wrong. Among the trading community, the relevancy of curved trend lines is widely questioned. Could Bitcoin's historic run of parabolic growth and then downfall be a part of a bigger picture? After maintaining an equilibrium range ($6200-500) this could be a clue that the next bullish wave is coming. With...

benbachman

BEOSXBT has reached a consistent line of resistance. At this falling trend line, the bears have been able to sell off and bring price back down to lowering support levels within the downwards channel. Not a whole lot of theorizing to be done. A simple, profitable trade. Many traders will overwhelm you with too many indicators. Most of these are useless. In this...

benbachman Updated 

As we've seen bitcoin get squeezed into an increasingly tighter volatility zone, the tension is building and the bulls are poised to make a run to higher resistance levels. After a rapid rise into the current volatility zone, bitcoin has started to form the flag pattern that has locked it so tightly. As we see the Bollinger Bands coming so close together, a period...