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Tag: crypto

Don’t Sleep On Litecoin’s Halving Event – Part 2

June 12, 2019 Published by

Litecoin is up more than 300%, trading at levels not seen since the Spring of 2018 and even has outpaced Bitcoin in 2019.  The main catalyst behind Litecoin’s meteoric rise in 2019 is no other than the Litecoin halving event on Aug. 8th, in just under 60 days.  I talked about Litecoin’s halving event 17 days ago.

The current momentum is likely coming from the halving event which is predicted to occur on August 6, just 73 days away. The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. This effectively

Don’t Sleep On Litecoin’s Halving Event – Part 2

June 12, 2019 Published by

Litecoin is up more than 300%, trading at levels not seen since the Spring of 2018 and even has outpaced Bitcoin in 2019.  The main catalyst behind Litecoin’s meteoric rise in 2019 is no other than the Litecoin halving event on Aug. 8th, in just under 60 days.  I talked about Litecoin’s halving event 17 days ago.

The current momentum is likely coming from the halving event which is predicted to occur on August 6, just 73 days away. The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. This effectively

Litecoin Rips Through 120 Sets Sights on 170???

June 11, 2019 Published by

So litecoin is outperforming the other big caps in recent days and has made an aggressive push higher.  The move is getting a bit extended but that doesn’t mean it’s about to end.  So where can it go?
Extended but extending
To be honest., I was hesitant to get long at 115 the other day because when I look at the weekly chart price looks a bit extended.  On the daily chart it looked fine though, well until now where it also looks extended.

The reason I say extended is because it has pulled far away from the 10 day moving average (blue

GVT technical analysis

June 11, 2019 Published by

GVT seen from the temporality of 1D we can observe the setup of an ascending triangle, having the resistance in the 4773, the price in the last candles has realized the breaking of the resistance of fall where it seems to have tested correctly like support after the throwback.

GVT seen from the temporality of 4H we can observe the formation of a cup & handle, the pattern should be completed by breaking the major figure reaching our take profit which is located within the price range of 5582 – 5690.

GVT seen from the temporality of 1W we can observe how

FET technical analysis

June 10, 2019 Published by

FET seen from the 3D temporality we can see how the current candle that ends session today, is closing until the moment above the resistance, to achieve close in this way, it is very possible that we see a strong bullish movement, I have also drawn a horizontal in the 2525 where you can see how the price tested the support correctly causing the current bullish movement.

FET seen from the temporality of 1D we can observe how the structure of candles is forming a known bull setup called cup & handle, to complete the setup, the price should reach our

FOMO and Sunk Cost – The Crypto Struggle Is Real

June 9, 2019 Published by

There are two things that act as worst enemies of investors.  We all know them well.
FOMO (Fear of Missing Out) and The Sunk Cost Fallacy
When the price of crypto is moving up aggressively we tend to freak out and worry about missing the ride and do things like chase price higher or buy on any little pullback.  Often times this bites us in the ass and we make a poor entry price.
Other times we hold onto something that we are up big on because it is ripping higher and any pullback is just a hiccup before things are sure to

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/9/19

June 9, 2019 Published by

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.

Source Image

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

Litecoin Testing the 120 Level Again After Short Dip

June 8, 2019 Published by

Gotta say Litecoin price action is acting more resilient than I expected.  After a quick dip down to 97 on an intraday basis price has pushed right back up to the highs in just a few days.
Sadly I had buy order down at 93 as it looked like that is where price would likely pullback to on the weekly chart.  Apparently things are strong though and the overbought condition on the weekly is sitting on the sideline for now.
Level Up or Fail
So here we are.   Looking at the daily chart you can see we are testing the 120 area.  Really

Investing Principles I Regularly Remind Myself Of

June 7, 2019 Published by

Principles are the foundation of our decision making. Having solid principles when it comes to investing is rather integral to success.
A few good Investing Principles

You have to be aggressive and defensive in investing

So what exactly does this mean? Basically, when the opportunity arises you must take big swings to make real money, but at the same time you need to make sure that if that swing misses it isn’t so big it knocks you out of the game.

You can never be more than 20% diversified within the same asset class

Easiest example – cryptocurrency. If you are only invested in crypto

ENG technical analysis

June 7, 2019 Published by

ENG seen from the temporality of 1D we can observe as in the last touch in the parabola, the structure of sails entered in an inverted ascending wedge in which it has respected very well the support of the wedge provoking the recent push of 4 sails alcistas, the current sail is touching a triple resistance, this becomes a strong signal that we will have a correction, another important point to keep in mind in this image is to see how the price has claimed the support of the 6586, we should see that the price makes us a pullback

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