mathewsverghese

mathewsverghese

With volume not being too big and BTC not able to break through the 46500 region, we see it between 44K and 46 K moving in this area. This will affect many alts as well.. However, it does provide opportunities to enter. If it breaks down, we may see it go to 43K- 44K. If it breaks upwards, then it ahs to cross 46500 with good follow up volume or else, it will come...

mathewsverghese

DOT touched the highs of around 26 and then had a small correction. This is also because BTC is not moving and going beyond 46 k as well. However, DOT has been pretty strong and has been moving in W pattern. We may see it break out of the pattern it is in and move upwards in the W as well. If so, it could be around USD 24-25. I am still holding my dot and may...

mathewsverghese

ADA has been on a roll. Having raked in good profits for holders, it also has provided good trading opportunity. With sept 12 still a way, I still believe that it can go all the way to 2.5 or to 2.8 by sept 12. Therefore, buying at these levels and averaging in if it goes lower will give good entries. Yday, there were many points which one could enter in....

mathewsverghese

With a small pull back yday, there were some bearish signs. True that BTC has not been able to cross 48 K with good volume. However, it seems to be consistently trying to cross it. This aguments well for BTC as we could see a cross on 48 k and heading to 50 k which is a huge psychological barrier. As it oscillates between 46- 47.5K, we may see more retail...

mathewsverghese

BTC did a small correction yesterday Its seems the dumps on Thursdays came back. However, it has held steady around 44- 47 k. We may see it at this rate over the weekend. For those who had not entered, yesterday provided a small opportunity Holding around 44- 47 k over the weekend will be good for BTC as it can go up from Monday onwards. We may see small...

mathewsverghese

With BTC moving sideways, ETH may too.. ETH is still dependent largely on BTC. Strangely enough the ETH chart too is similar to the BTC chart . Having touched 3200, it has pull backed a bit. It will oscillate between 3k to 3.2 k today before its next move up.

mathewsverghese

BTC seems to be moving sideways. Yesterday, there was a small upward movement with prices touching 46700. Since then, prices have been moving downwards with the RSI too showing downward movement. With the chart, BTC sees to be in a tringle pattern and needs to break out of it for the next leg up. It may move sideways today between 45 k and 46.7 k in an...

mathewsverghese

Volume has been nothing much to write home about. RSI ahs been in a downward slope and so has the prices. However, it seems to be a small correction at best. It ma retest support at 42k and then rebound as well. For those who FOMOed in, it presents an opportunity to average in as well.. Long term good outlook, today, it may move sideways as the correction gets...

mathewsverghese

We are heading to 45k having crossed both 40 k and 42 k. We may see a pull back to 42500 before heading to 45 K. the question is not if, but when we will reach 45k. Today being a weekend, we may not see too much volume today and tomorrow and a weekday breakout is always better. For those who haven't entered, tom may provide an opportunity of it does a pull back. ...

mathewsverghese

ETH seems to be chopping sideways today. After one hoping that it crosses 3k yday, it seems to be slow day for ETH. Though yday news did not push it to 3k, i believe 3k is still on the cards due to the ETH being burnt which reduced supply. We may see ETH going sideways today between 2700 to 2850 at best. Keep following for more updates during the day if things change

mathewsverghese

BTC pushed back up again yday evening. However, we have not yet crossed 40 K.. It can safely be said that the retest is over. However, we need to cross 40 k with good volume. The volume currently is good. In the RSI, after ydays spike, we are showing it going down a bit. We may move sideways today, between 39 k and 39.5 k..

mathewsverghese

ETH has broken out of a pattern and seems to be pushing forward. This could be a precursor to the London hard fork event tom. If you have entered into eth, it may be good to hold to see if it can cross 2600 and if so, can it cross 2800 and touch 3k.. its definitely going to be an exciting evening today.

mathewsverghese

ETH shot up to 2600 levels briefly . The chart clearly shows that ETH has been steadily climbing upwards though there have been many days of sideways movement. However, with the London hard fork coming, there could be a upswing in ETH again. Buying around the 2500 range is a good one. I am bullish on ETH esp due to the steady climb upwards. We ay see it going all...

mathewsverghese

BTC went to a good high and then pull backed a bit. However, the pull back is not a negative thing.. it is better to go up slowly and steadily. Currently any level below the 40 k levels is a good entry point. It should make another bid to cross 42 k this week. Also, it is for the first time above the 21 day EMA. Currently trading in a channle in the chart and can...

mathewsverghese

BTC finally crossed the 40 k mark. This is good for BTC. It also touched 42k briefly. I believe that we may pull back a bit to 40 K and then retry to cross 42 k..42 k will be a resistance and therefore crossing it is important. Entry points below 40 k is a good one. Continuous retest of the 42 K barrier and it could cross over.

mathewsverghese

With a small retest, BTC has come back into a good range for buying or averaging for the push towards 42k. This push may not happen today or over the weekend and we may need to wait till Monday for the same. Additionally, there is some news of Binance not allowing derivatives in the EU region. Though a dampner, i dont think it will overall affect BTC too much....

mathewsverghese

ETH has been between the 2300 - 2500 range for a while now. Its more of a sideways movement rather than any huge spikes. It ahs like mentioned yesterday kept itself above the 2k levels. Heading into the weekend, I dont expect it to cross over 2500 K levels this week. On the contrary, the levels of around 2380 could provide us a good entry point for the coming week...

mathewsverghese

Another day and another attempt to cross 40k.. We have been going sideways between 38800 and 40 k for a day or two now. BTC seems to be in a rising wedge. However, it also seems to be making lower highs. The rsi too has been going downwards. 40 k resistance is proving to be a strong one. However, if it does break through, we are looking at 42k and at max 42.5 k.