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Tag: crypto

MITH technical analysis

June 6, 2019 Published by

MITH seen from the temporality of 1D we can see how the current candle has found support in the 494 making a double floor, however, we can also see that the price when reaching the resistance of the 546 was rejected causing the current sales force, if the candle closes below the aforementioned support, it is very possible that we find a good entry in the support below the 401, with this would be forming a very bullish setup when claiming the support of the 494.

MITH seen from the temporality of 1W we can see how the previous bearish candle

OMG technical analysis

June 5, 2019 Published by

OMG seen from the temporality of 1D we can see the setup of a symmetrical triangle, the diagonal bull has formed two minima with bullish inclination, signal of a greater force on the part of the bulls to reverse the current trend, we could see that the candle touches a third time the diagonal or only that enters the area of demand indicated in the chart within a gray rectangle, that new point should push the price up to achieve the break of the figure and reach our first take profit located within the price range of 309 – 315,

NEO technical analysis

June 4, 2019 Published by

NEO seen from the temporality of 1D we can observe how the price maintains an upward movement inside an ascending wedge, one would expect that the price will find rebound just in the support located in the 1477, as we see it marked in the graph of above with a horizontal red color, to continue with the upward setup, the price should follow the trajectory that I have drawn in the image, this is a classic movement of 7 touches inside the setup, the minima to maintain a position each time higher in inclination (signal that new bulls are incorporated

Bitcoin Will Likely Consolidate or Pullback Over Coming Weeks

June 4, 2019 Published by

I know we all want to be bitcoin bulls right now, and sure price could push for 10k at anytime.  However, the orderly price action, the better for the long-term price action speaks otherwise and I’m going to walk that path.  I am the scaredycat after all!
The Weekly Chart Tells a Clear Story

Looking at the daily chart you really don’t see this.  When we look at the weekly the picture becomes clear.
After 5 straight weeks higher we got a nice doji candle last week.  This shows us indecision and that buyers may have run out of gas for a bit.
Since

RVN technical analysis

June 3, 2019 Published by

RVN seen from the temporality of 1D we can observe how the structure of candles remain within an inverted ascending wedge, this type of bullish setup is very common to see them at the beginning of a new bullish wave, within this setup the structure of candles are contracting within a small channel, while the volume is increasing, which ends up causing the breaking of the figure with an accelerated bullish movement.

We can observe how the current candle is testing the resistance located at 889, should not have major problems to overcome this position, our first take profit is located

“We Need To Shut Bitcoin And All Other Cryptocurrencies Down – Here’s Why”

June 3, 2019 Published by

That is the title to a forbes article from a year ago that I posted about.  Wanted to revisit it as we have seen another year of growth in the crypto space.
I’ll revisit a couple items from the piece, but you are welcome to view the article yourself.
Read the full article here: We Need To Shut Bitcoin And All Other Cryptocurrencies Down
Permissionless vs. Permissioned Blockchain
Seems the author’s biggest argument was in regard to this. Which is ironic because if he believes in Permissioned Blockchains then why do we need to shut all crypto down?
An except from the article…
The Problem with Permissionlessness
The problem with

Litecoin: Price Consolidation is a Good Thing!

June 3, 2019 Published by

Price is consolidating the in recent days on litecoin.   We are going to look at the daily and weekly charts to see why this is actually a very good thing for longer-term upside.
Daily Point of View

Looking at the daily chart we can see ltc is now consolidating at the 108-110 area.  The level that was a prior resistance.  This price action is constructive as essentially price is forming a bit of a stair step pattern (though the price moves did pullback some first)
Only the daily chart it does not look like price is extended and most bulls are probably thinking,

I Told You The Smart Money Was Coming

June 2, 2019 Published by

I have been preaching for months about how the Smart Money was coming into the Crypto space because when it comes to trading, the Smart Money buy low and sell high, while the retail investor buys high and sells low.  

Bitcoin Smart Money Sentiment 8/9/18 – Smart Money Continues To Enter The Crypto Space

Evidence Smart Money Crypto Infrastructure Is Being Built

Be Patient…The Smart Money Is Coming

I recently came across an article on Cointelgraph that quantified what I was saying:

The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating

Litecoin Still Trading Like a Champ!

May 31, 2019 Published by

The price action of Litecoin of late has been solid.  Basically it has held the levels it needs to hold to have the full bullish designation remain intact.
Another moment of truth
Right now LTC is testing the 108 area that it breach a few days back.  After breaking though a level a successful test is actually desired and bullish.   It also makes for a more orderly move.
So that is where price is right now.  The question is will it succeed.  So far it is holding in steady but that doesn’t guarantee it will continue to do so.
The good news is this

BTC’s Big Volume Candles Control the Action

May 31, 2019 Published by

Anyone who was watching today so a heck of a price swing out of BTC.  Price pushed through 9,000 only to give it back minutes later to begin a near-term sell off.
Shaking Weak Hands?
Many people have theories about candles like these, they press through a commonly watched level to trigger buy or sell orders only to whip right back in the expected direction.
Look at the hourly chart I have posted here.  That first big volume big body red candle is a clear indication of that.  Anyone who was short BTC using the most recent high as their stop got owned

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