TL:DR - If BTC breaks higher then I am a buyer of ETH and BTC. Looking to buy at $600 (if BTC looks to be breaking out) or $525 if we get there. This is the Eth:USD chart with 1 day candles. As discussed yesterday we have pierced the descending triangle seen on the 4h chart with conviction. I gave price targets of $650 and $525. I discussed we may bounce...
TL:DR - bearish descending triangle confirmed, watch for retest of $650 and subsequent failure with price objective tentatively $525. This is the Eth:USD chart with 4h candles. The Descending Triangle is now confirmed, unfortunately. 80% of my holdings are HODLings so 80% of my portfolio is down big in the last 24 hours so I suffer with the rest of you. ...
TL:DR - Likely in a Symmetrical Triangle with good probability of bull run in 1 month, but WAIT for confirmation. Update to the mid-term picture of Bitcoin with daily candles and log scale pricing. This chart looks at a new possibility for Bitcoin: The Symmetrical Triangle formation. In a symmetrical triangle neither trendline is flat, but rather both slant...
TL:DR - Zil is holding support on the blue dashed uptrend line going back almost 1 month. I expect to hold this and move higher. Otherwise watch for 0.000192 and 0.000177 for support. I apologize for the busy chart. Update on Zilliqa with this Zil:Eth 1 hour chart. We have now retraced about 75% from the peak of the bull-run/blow off top. As expected the...
TL:DR - bearish descending triangle formed, price objective tentatively $525. This is the Eth:USD chart with 1d candles. My swing trade closed at a small loss, fortunately my position was small. Some are calling it a Head and Shoulders, I certainly now see a descending triangle formation since 5/6 which is indicative of a local top. Price target is $525-ish...
TL:DR I love and I hate IOTA. It is one of my top 5 holdings because (1) it is very different from everything else (2) has feeless transactions (3) is a registered nonprofit in Germany giving it legitimacy and accountability (4) They have an impressive cadre of scientists, mathematicians, developers, and businessmen (5) they have partnered with many big name IoT...
TL:DR - Waiting for the market to decide what it wants to do, picture less bullish than when I last posted. This is the Eth:USD chart with 1d candles. I opened a long at $706 as discussed in my earlier analysis for 4 reasons: (1) we broke above the downtrend (2) We closed above the 9MA, (3) we were bouncing off of strong support at $680 (4) bullish price action...
TL:DR - I am looking to go long with laddered buys once we break the downtrend line and the $730 resistance. Watch for the 50% support zone or even a H&S reversal to to the $480-$500 area. Back to the Eth:USD chart with 4h candles. I have adjusted the overhead resistance line with the most recent price structure (the local peak at about $745). We are in a...
Update on Zilliqa with this Zil:Eth 4 hour chart. As expected Zill has fallen from its high on May 10th which was clearly unsustainable. The question now is does price recover or do we continue to the downside? This is admittedly a very messy chart and I apologize but a lot has happened in the last month so we have a lot of data to sort out. The 66% retrace at...
This is the mid-term picture of Bitcoin with daily candles. I may catch flack for this but I am not a long term believer in Bitcoin. It is too embroiled in controversy to compete. Bitcoin is to Cryptocurrency what Tiger Woods was to golf in 2010: top dog, unbeatable, unrivaled, and then suddenly mired in controversy and struggling to keep up with rivals. And,...
This is the Zill : Ether chart with 4 hour candles. You can see a slow and steady uptrend from mid April until May 8th when Zil went parabolic. From the 8th to the 11th of May is a classic blow off top. Zill has plenty of reason for its meteoric rise: TestNet release, numerous exchange listings, announcement of its first DAPP, etc and I am a big long term...
I have slightly adjusted the downward trendline that Ethereum is currently following. Price has tested it twice in the last 24 hours and a fall below this line would confirm it as resistance. Looking back all the way to December we can see the market likes a certain price range for Ethereum falling between $650 and $730. The $730 price has been highly reactive,...
Ether and the entire Cryptospace has clearly entered a corrective pattern which is not surprising after going from a low of $360 in early April to a local top of $838 May 6th (an impressive 2.3x over 1 month). Generally corrections of major trends retrace between 33% - 66% of the entire move with the 33%, 50%, and 66% prices being places to look for reversals. ...
Near the bottom of the short term trend channel. We have retested the support and resistance line and I am looking for a breakout either way. A bullish move with conviction will likely take us to 10,538 level which is the 76.4% Fib retracement on the medium term trend. A breakdown of the channel and support line could bring strong selling.
Iota has broken out of its long downtrend which started at the beginning of the year. This indicates the bulls have taken over in the short term but just like everything else in this market the mid-term picture is bearish and there it is a coin flip as to whether or not this will change. Before I talk about what I see as a critical price point approaching let's...