The Litecoin Price Action Has Got Me Interested

Litecoin has been interesting in recent moves.  It went from leading the market before the bitcoin breakout to kind of being a bit quiet in the past weeks (relative to the BTC and ETH moves) and now just when it looked like things were just muddling along we get a noticeable move today.
Thoughts of a Bullish Break flooding back in
If you look at the chart price consolidated after pulling back from the run at the 108 area.  The initial bounce following that pullback was short lived and things looked like they may turn lower or just muddle along sideways but

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Bitcoin Short-Term Double Topped – What’s the Next Move?

Bitcoin price action has certainly been interesting the past week.  After seeing price rally to an obvious resistance point and bounce off we saw a higher low created and then another run at the 8,300 area resistance only to back off again.
Gearing up or breaking down?
That’s the question right now.  After failing to break the 8,300 area again price did not pull back much and is showing some green the past 24 hours.
Honestly we are floating in the middle right now with a 50/50 chance or going up or down.
Upside – price pushes higher from here and breaches 8,300 on

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I was Not going to Buy this Dip. But…

As I looked at one final BTC chart before heading to bed last night, I thought to myself: “Dip coming – I’ll check it out tomorrow”.

Well, it’s tomorrow now.

Of course one of the first things I did this morning was to check the BTC chart, and frankly I was a little disappointed. You call that a dip BTC? That’s pathetic! How am I supposed to buy that! I regarded it as a non-event and ate my breakfast, thinking nothing more of it.

That is… until I sat down at my PC 10  minutes ago and opened a larger version of the

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Cryptocurrency Relative Strength Analysis Report For Week Starting 5/19/19

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy

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DragonOption.io is a Must! 🐉

If you are trading crypto right now, then let me introduce you to dragonoption.io. This is a binary option platform that allows you to buy EOS contracts on the underlying price of BTC, LTC, ETH, EOS, and XRP. These contracts range from 2 minutes to 10 minutes and pay out up to 70%! This is a must for traders in crypto.

Give it a whirl! And Good luck trading!!

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The Total Crypto Market Cap Tells a Clear Story

Sometimes the best thing to do for perspective and clarity is to take a 10,000 foot view.  That is exactly what we are going to do now by looking at the daily chart of total cryptocurrency market capitalization.
Market Capitalization
If you are not sure what market cap is – it is actually rather easy.   It is simply to total value of all cryptocurrency assets that are tracked.
So of the coins represent a large majority of the market cap, such as Bitcoin, while others are little blips on the map, similar to what a penny stock would be on stock market.
What is

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Bitcoin: The Pullback Was Bound to Happen, Duh.

It wasn’t a matter of it, but when.  And I will tell you what, prices got higher than I thought they would before we got a pullback.
BTC (and the big caps) dumped hard in a single hour
A few hours ago we saw BTC, ETH, and others dump hard a provide us with a big fat red candle before rallying off the lows.
BTC is currently down 800 points from yesterday’s close and we could see more downside over the next 24 hours.
Looking at the chart you can see things topped out at 8,350 or so, which happens to be a prior

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And the Leaders Continue to Lead $LTC $EOS

Cryptocurrency is ripping higher today, likely due to the fact there are more buyers and sellers as price breaks through overhead resistance. I am sure Binance deposits being open again will be the media tale, but that is all it is, just a tale.

we have been on this move for months upon months and are still hammering hard. Accumulating from late 2018 to mid March 2019 has proven to be the right move. Resistance levels are being shattered and shorted are getting squeezed. It is good to see the media stay away and I am sure they will be

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Crypto Market Action – Have You Learned from the Past?

Figured we’d change it up a bit a do a little self reflection given the recent action in the crypto market.
Lessons Learned and how to Proceed
If you have been in the crypto market the past couple years you have taken quite the ride.  We had the highest of highs and the lowest of lows.
But did you learn anything from it?
I know I have learned a few things and will be ecstatic if I can execute on them even just a little bit.
Moves seem to go further than the targets
One thing I noticed in the last bull market and then even

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BTC Hitting our Price Targets and Testing 6800 for Support

It has been quite the ride for BTC the past few days.  Upside targets of 6,800 and 7,400 were both hit before seeing a pullback to the first level.
Reformulate the Plan
Now that the above items occurred it’s time to review and know what to look for next.
Looking at the chart in this post you can see that 6,800 prior support came into play on today’s pullback and price proceeded to bounce right off of it.
That is a bullish piece of price action as attempt number one to recognize that as a support level succeeded.
Going forward this is the downside level

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