mathewsverghese

mathewsverghese

BTC trading within the box in blue reverting with going to 48 k and back to 47 k... we may see t in 47- 48 k esp as the options expire today.. We may see a push up to 49 k as the bulls try to gain the max from the options expiry.. However, this could result in altcoins going up too

mathewsverghese

BTC has been showing a steady gain upwards. This bodes well for BTC. If it can clsoe the week at around 48 k, we would be well on our way back to 50 k. There is resistance at 48500 K so it is a area to keep in mind. Currently, there seems to be an upside along with decent volume..

mathewsverghese

In a downward channel between 3100 - 3300, ETH is moving sideways. The price of BTC is affecting ETH. ETH has not been making any major moves over the las few weeks. We may see more of this till BTC makes move up or down. The pattern is very similar to BTC and we may see it move sideways today too.

mathewsverghese

BTC is between 43500 to 45500 in a downward slope.. The chart shows the range and yday and today, it has been moving in this range. Volume has go better and that is a good thing. We need some really good volume to be able to break out of the channel it is in now and we will need a 2nd green candle with good volume to keep it above if it breaks above. Currently,...

mathewsverghese

Ranging between 44300 to 46200, BTC has been going sideways for a few days now since its drop. Volume is not much and definitely not enough to carry it to the next level. For now, till we see volume, we will see it going sideways today as well. For now, it seems to be moving aimlessly.

mathewsverghese

ADA did not reach the previous height of USD 3 and more like before.. It went up to 2.8 and then dropped.. With smart contracts now on ADA, we may see a consolidation and then an upswing. With ADA being linked with BTC, we may see this upswing when BTC makes its move up as well. Till then, we may see ADA in the 2.4 to 2.5 range.

mathewsverghese

BTC showed a move upwards on a Sunday. However, a look at the volume indicates that the follow up volume is not too great. This also indicates that there could be a correction and a retest of the support at 50500. If so, we may see sideways movement between 50500- 51700 today. This also will indicate that there will be further push up in this week itself maybe...

mathewsverghese

ADA had a testnet and touched USD 3. The mainet launch is coming up on sept 12 and there could be a further spurt n the prices. If one is not in a trade, today and the weekend could be a good entry point. We may see the prices between 2.90 to 3 today and thus providing the launch for the coming week. Follow me for more updates

mathewsverghese

BTC is in an upward pattern. However, after touching 50 k yday, it came back down a a bit. The good part is that there seems to be support at 48k. Because options are expiring today, we may see sideways movement between 48 K and 49.5 K. This may continue as we head into the weekend as well.. Crossing 50 K may happen in the 2nd half of next week, Follow me for...

mathewsverghese

BTC is still trading between 46600 to 47700 since yday. I expect it to move sideways for a while. Yday there was a nice green candle but the follow up on the hourly was not there.. To break out of this pattern, we will need to have a good green candle followed by two more in the hourly. For now, we may continue to see sideways movement and consolidation before 50...

mathewsverghese

BTC dipped to around 46 800 k today. I believe it will be trading sideways in and around 46- 48 k. Consolidation is good. but BTC will need to make a move soon. For those who missed previous trades, it will be a good time to enter and trade it to around 52 k. If it breaks through 47800 K, then it will need to do so with good follow up volume or else, it will go...

mathewsverghese

ETH has been holding steady for a week or s now. Trading between 3100- 3250, it has not been too volatile. Still a good buy at these rates as we ay see it closer to 3400 sooner than later.

mathewsverghese

BTC has been trading between 46k to 49500 K. It keeps bouncing of the 46- 47 k range. So far it has no broken through the psychological barrier of 50 k. Being Monday, we may see more trades coming in. If it goes to the 48- 49 k, we may see a surge to 50 k again this week.

mathewsverghese

ETH looking strong to reach 3400. BTC at 50 k is good for eth. ETH will lead the charge of the alts in the new alt season.. For those who want to enter, look for a target at 3500 if you entering now. Those already in , can look at taking profits soon.

mathewsverghese

BTC has now broken out and crossed 50 K.. touched it thrice now. This is a good sign that it is trying to cross over. 50 K is a strong psychological barrier. The bulls are in good control. We may touch 51 k and then have a small pull back. If so, my next trade would start from 50 k or below that. Best not to FOMO in now. For those in trades, time to strategize...

mathewsverghese

DOT has been going up slowly and steadily. Volume is good and with BTC going up, we may see further upside in DOT. Currently in a resistance zone of around 27- 28 levels. If it can break through, we may look it crossing USD 30 very easily. Then we may see a target of 35- 37. Overall things looking good. We may not see a break out over the weekend but coming...

mathewsverghese

ADA has been surging ahead. With BTC going down below 44K, ADA too had dropped below USD 2 providing a great opportunity. ADA ahs again surged today with BTC also going up. It is now poised to break thru its ATH and move forward. However, with the weekend looing, we may just see it between the 2.38 - 2.50 range. For those who missed out, though a reduction in % of...

mathewsverghese

ETH seems to be going in a W pattern very similar to BTC. Good entry point. However, it will need to cross 3150 with volume to head upwards.. between 3150 to 3180, there has been some resistance. I expect BTC to go sideways heading into the weekend. we may see it between 3000- 3150.