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Tag: crypto

Litecoin Pauses Before The Next Leg Higher

July 1, 2019 Published by

Litecoin has begun trending on the upside trend, signaling a major bull run after finding a strong support above $125 price. Hence, LTC price is likely to break above the $135 resistance. Lately, Litecoin saw a sharp rise in the market, accelerating above Bitcoin, Ethereum, Ripple XRP to become stable against the US Dollar. After finding a crucial support above $125 price, LTC/USD trade pair has recently bounced back on the upside, rising above $130 price. LTC/USD trading pair is accelerating high in the market even above Bitcoin, Ethereum, Ripple XRP. Litecoin, as at press time, has tested the $131.40 level and it is currently moving high in the market.After trading low around $129 level, the altcoin recently climbed above $131 resistance level with 12% added value in the last 24 hours, and it is moving close to $135 as it continues to trend high in the market.

Source

The buyers have taken out the sellers at the daily supply at $137, with additional buyers for back up at the $115 level.

Because momentum is still to the upside and because of the upcoming halving (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), look for price to move to the next level of major sellers at daily supply at $187.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Classic Example of When NOT TO BUY a Cryptocurrency

June 30, 2019 Published by

When the price of a coin is pushing ever higher people get excited and want in on the action.  I suppose that is when the FOMO kicks in.

Vertical Line Equals Do Not Buy

The example for today happens to be ChainLink (LINK) which has ripped higher for several reasons, one of which is just being listed on Coinbase the other day.

Here is the chart from 10 hours ago – wow look at it go.  I better get in it’s going straight to 10 right!?!

Here is a chart from the time of this post:

And that is why you don’t buy a coins that has gone vertical in price appreciation.

Buy the dips and sell the rips!

Bitcoin Isn’t For The Faint Of Heart

June 29, 2019 Published by

People who got in Bitcoin for the first time in the last 1-2 due to FOMO got burned again (just like in late 2018) when price collapsed on Weds.  

Bitcoin soared as much as 39% this week to $13,852, the highest since January 2018. But it hit a brick wall around 4:30 p.m. New York time Wednesday, plunging more than $1,800 within about 10 minutes. Moments later, prominent cryptocurrency exchange Coinbase Inc. reported an outage on its consumer site, which was resolved in under an hour. Swings continued Thursday, with the coin anywhere from down 15% to up 4.8%.It was down

TRX technical analysis

June 28, 2019 Published by

TRX seen from the temporality of 1D we can see how the movement of the candles have formed an upward channel where the price has been forming peaks and lows ever higher, in the current structure of candles the price has formed a double roof that I have indicated within the blue circles, this is a sign of reversal of trend, the neck line is located at 0.029, I have indicated a possible scenario if the neck line of the double roof is broken, where it is possible to run a pullback and recover the support to continue rising.

TRX seen

XRP technical analysis

June 26, 2019 Published by

XRP seen from the temporality of 1D we can see how the price has made the break of the symmetric triangle with its subsequent throwback to the support where it has tested correctly to continue to rise, the price should rise to our target indicated in the chart, around 0.57 – 0.58, the price should not fall from the support as this would be generating an invalidation in the movement.

XRP seen from the temporality of 4h we can observe more closely the current structure of the movement, after concluding point E has formed the first bullish wave and then make

NEO technical analysis

June 25, 2019 Published by

NEO seen from the temporality of 1D we can observe the bullish movement that has taken NEO from the $5, forming the setup of seven points that concludes with the wave number two, in the graph I have pointed out the points where the price has touched in the advance of the tedency forming this way a support and a resistance with expansive properties, currently has reached the sixth point, the price is finding resistance at that point, so we should soon see a correction movement in the price that is very likely to reach the area marked by a

Binance Coin May Be The Most Technically Sound Price Action There Is Right Now!

June 25, 2019 Published by

Have to say, the binance (BNB) price chart is clean and orderly.  It has just been a steady ascent for quite some time now without any real crazy rips or dips.
Consistently riding the moving average
Looking at the chart you can see how it continually grinds higher and then pulls back to the 10 day moving average.   Sometimes it will push below it for a couple days, but often it does not.  Either way it ends up pushing back above it and riding it higher.

This thing is in full uptrend mode as long as price maintains 35.50 or above.

Is XRP and Bitcoin Friends Now???

June 25, 2019 Published by

The recent resurgence in the bitcoin price, which has soared more than 200% so far this year, and pushed up the wider cryptocurrency market including Ripple’s XRP, has triggered some fence-mending between the two camps with the Ripple chief executive Brad Garlinghouse making a “turnaround” on bitcoin and declaring he is “long” on bitcoin.“I don’t think that there will be one crypto to rule them all,” Garlinghouse said, speaking at the Fortune Brainstorm Finance 2019 conference. “I own bitcoin and am long bitcoin.”Bitcoin has risen over 200% since the start of 2019 after losing some 80% of its value

Is XRP and Bitcoin Friends Now???

June 25, 2019 Published by

The recent resurgence in the bitcoin price, which has soared more than 200% so far this year, and pushed up the wider cryptocurrency market including Ripple’s XRP, has triggered some fence-mending between the two camps with the Ripple chief executive Brad Garlinghouse making a “turnaround” on bitcoin and declaring he is “long” on bitcoin.“I don’t think that there will be one crypto to rule them all,” Garlinghouse said, speaking at the Fortune Brainstorm Finance 2019 conference. “I own bitcoin and am long bitcoin.”Bitcoin has risen over 200% since the start of 2019 after losing some 80% of its value

ONT technical analysis

June 24, 2019 Published by

ONT seen from the temporality of 1D we can observe an upward pattern that should conclude with the fifth wave reaching the price range located between 2.16 – 2.23, the bulls have been showing buying power creating this way higher and higher that will end up pushing the price above the resistance located at 1.64.

ONT seen from the temporality of 4H we can observe how the price has broken the resistance in diagonal (indicated in the graph of above in red color) doing its later throwback to test it like support, we can see also more closely the setup of

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