TL:DR - Bounced off of $6100 support, this could signal a double bottom trend reversal. Otherwise $5500 is the next stop. I don't buy Bitcoin but I would be buying now with a stop loss at $5950. This is the BTCUSD chart with 1 day candles. There is blood in the streets again as weak hands get shaken out. Bitcoin is down almost 70% this year after its epic...
TL:DR - The bears appear to have won after nearly 7 days of consolidation. Look for support at $550 then the $496-529 range. This is the ETH:USD chart with 1 hour candles. The market has finally decided which way to go and bearish appears to be the answer. We came tantalizingly close to having a double cross of the 10MA and 25MA but it never...
TL:DR - Hoping for a double cross of the 10 MA and 25 MA. Kind of a boring market...for now. This is the ETH:USD chart with 1 hour candles. I know what you are thinking, "not enough lines /s". I leave them here because there is a lot to digest. First there is the large symmetrical triangle formed by the black arrows that frame the entire price action over the...
TL:DR - Inverse H&S potentially dead, the dotted red downtrend and 10 MA act as resistance and support respectively at $609ish and $579. If there isn't some sort of good news in the next day or two I expect a move lower. No trades currently. This is the ETH:USD chart with 1 day candles. In my last post I fervently discussed a possible inverse Head and...
TL:DR - We are nearing completion of right shoulder in a bullish inverse Head and Shoulders patter which has the potential to take us to $700 (but I am doubtful we get there). I am buying with an initial profit target of $660. This is the Eth:USD chart with 4 hour candles. On my last post I used 1 hour candles and talked about the inverse H&S pattern but...
TL:DR - Price is stuck in a sideways channel. The tops and bottoms make attractive places to go short and long respectively. This is the Zil:Eth chart with 4h candles. We appear to be stuck in a sideways channel for the last 3 weeks. The bottom of the channel is an attractive place to open longs while the top of is a place to take profits on those longs. ...
TL:DR - A bounce off of the 10 MA around $572 would keep the bullish impulse intact with target of $650. A break below the 10MA and we likely retest $500. My long from $568 is closed at $596. This is the Eth:USD chart with 1 Day candles. It was a ruud surprise to wake up this morning and see price back below $600. I opened a long at $568 and have closed it...
TL:DR - Neo has set up a bearish pattern and I feel the most likely move is down to $38ish UNLESS it can rise with the rest of the crypto tide. This is the chart for Neo with 1 Day candles. I'm going to be blunt, this chart scares me. Whereas Ethereum, Bitcoin, OMG, and many others have formed symmetrical triangles, Neo has formed a descending triangle. ...
TL:DR - classic sell the news situation. I have no idea where we go next. This is the Iota:USD chart with 4h candles. What a classic "Buy the rumor, sell the news" scenario. Iota plummeted 6% in about 5 minutes around the time of the release of the Qubic news. I had hoped to be at the computer watching the trading right at the announcement however family...
TL:DR - Expect resistance around $600 where we may see a reversal back toward $500, a break of $604 would lead to $650 for next resistance. This is the ETHUSD chart with 4 hour candles. I accidentally left the y-axis on log scale which isn't appropriate for this time frame so I apologize. We are now in an area we can expect to see resistance and a possible...
TL:DR - Symmetrical Triangle still in play. Look for a retest of $9k in the next 2 weeks. A break above $9,100 with heavy volume and I would expect to see $12k by mid summer This is the BTC:USD chart with 1 Day candles. If you have been following me you know I have been talking about Bitcoin's Symmetrical Triangle formation setting up since 5/22. At the...
TL:DR - Unclear if this is a broad bottoming formation OR brief pause in downward momentum. My long from $525 is still open with no intention to close it unless major bearish momentum takes over. This is the ETH:USD chart with 1 day candles. So far my long at $525 is doing fair, not great, but fair. For the last 3 days price has essentially traded sideways as...
TL:DR - All time high in short positions sets up for a short squeeze and the next bull run, I am looking to buy BUT watch the EOS situation. This is the ETHUSD short chart with 1 day candles. The last 24 hours has seen an EPIC increase in shorts on Ether. If this were simply an ETH:USD price chart I would start selling my positions at a profit as the current...
TL:DR Bullish momentum developing on the eve of 'Q' announcement, if it lives up to its billing then I expect a break of $2 all the way up to $2.50+. Underwhelming news could see us back at $1.50 This is the Iota:USD chart with 1D candles. Here is what I said last update "HOWEVER, this chart doesn't show me strength and, unless there is some legitimate good...
TL:DR - Long triggered at $525, trade currently running well, target is $604 --> $660 --> $730 over the next week. A break of $500 would be very bearish. This is the ETHUSD chart with 1 day candles. I meant to post this chart yesterday but got busy at work and never was able to. I have been talking for the last 10 days or so about buying big at $525 as this...
TL:DR - Have patience, wait to see if we have a bullish bounce off of the purple trendline or a bearish fall. Breaking $7000 would be very bearish while any bounce on good volume is my buy signal. Bitcoin has been very quiet for the last 4 days, slowly inching closer to the purple lower boundary of the symmetrical triangle I have proposed. In my last post I...
TL:DR - We are nearing the critical stage of the triangle, expect a big move in the next week, I expect a bullish break BUT watch the $7000-$7100 area which if broken could be disaster. UPDATE to the Bitcoin using 1 day candles and linear scale. After 2 weeks of limited action we have seen a great deal of movement in the last 2-3 days. I used to get depressed...
TL:DR - Bearish H&S pattern forming against Ether, watch for breakdown to 0.0001925. Otherwise we are in a sideways channels with no clear trade. This is the Zil:Eth 4H chart. Zil did have a nice bullish candle on 5/19 where the descending wedge and blue upward trend met. Unfortunately since then ZIL has not held its momentum. Even worse, there is the...