blloyd

blloyd

#Monero $XMR just set a higher high in the uptrend against $BTC. 15500 sat is likely the next level of resistance.

blloyd

The Bittrex chart is a little cleaner than the Binance one. I think it is worth paying attention to the RVNUSD chart at this point as Ravencoin enters into price discovery territory. If the price does not break into new highs it looks like it will set into a range between $0.05 and $0.065 .

blloyd

The 4 Sidereal month EMA has been providing resistance for months, now support. The last time this EMA cross occurred was in the opposite direction September of 2018.

blloyd

As incredible as it may seem it is possible at least that RVN will not stall out at the same USD price as 2018. An analysis of the 2 charts show that the price may have a long way to go if in fact it breaks above resistance over the next week and replicates the same sort of move as it did in 2018.

blloyd

BTC dropped and once RVN was below the 1.68 fib retrace support line many stops were hit and it tested the 2 hour Ichimoku cloud. It looks like the $0.066 is providing some resistance. I do expect that to be broken over the next few weeks and become support.

blloyd

The 4 Sidereal month EMA is now established as support, the down trend line from the 2017 peak was almost backtested and is now clearly irrelevant.

blloyd

I believe there will be plenty of time to accumulate ENJ in the 3350 to 3750 range. There are few real-world applications for cryptocurrency and blockchain outside of Bitcoin that will have any value, Enjincoin is well targeted at one of those applications. Digital collectibles within the gaming industry is already a multibillion-dollar industry with exponential...

blloyd

A possible candle pattern based on the Sidereal monthly cycle observed over the past few years.

blloyd

Both the resistance and the target have moved down by about 35 sat based on the Fibonacci retracement levels on the RVNUSD chart due to bitcoin's appreciation against the dollar. That resistance is now right on top of the 30 min cloud and will soon provide support.

blloyd

This is a daily Ichimoku cloud based on the average between Synodal and Sidereal months. I explain why in the charts linked below.

blloyd

The reason the 30 min cloud matters here is that we are once again in an exponential curve and the timeframes get shorter and shorter.

blloyd

This is a daily cloud displayed on the 4-hour chart. The cloud is calculated using the average settings between the Sidereal month and the Synodic month. To understand why read the posts linked below.

blloyd

It happens more often than not that Bitcoin tops, bottoms or crosses averages on a 656 day interval, this corresponds to a cycle of 1 Sidereal month. The fast EMAs are based on the average of the Sidereal and Synodic months (1 and 2X) The slow EMAs is based on the Sidereal month (4 and 12X). If you zoom out you will see that the 24 Sidereal month EMA provided the...

blloyd

If it breaks out of the top of this consolidation wedge I expect to see it plugging higher through the weekend to the 2200 to 2250 range or $0.088. The cycles are accelerating as the pattern becomes more obvious to ever-larger numbers of crypto traders. This will continue until it breaks down due to a FOMO driven event which drives the valuation sky high followed...

blloyd

The premium on $GBTC ranges from approximately %10 to as high as 30% over the last several months. At the moment it is in the bottom of that range.

blloyd

Looks like a short covering/entry opportunity.

blloyd

The uptrend line extends back to the low of 2015 and was only breached for short stints with fast recoveries including recently. The downtrend line extends to the 2017 high. The EMAs are based on the average of the Sidereal and Synodic months (1 and 1.5X).

blloyd

The uptrend line extends back to the low of 2015 and was only breached for short stints with fast recoveries including recently. The downtrend line extends to the 2017 high.