Tag: Cryptocurrencies

UpToken (Bittrex: UPBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, UpToken began a wave one advance on November 26, 2018. The red wave one finished on December 12, 2018, and the red wave two correction ended on January 10 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, UpToken should be heading next towards the January 18 peak in the red wave five.

(Chart courtesy

Still on consolidation toward the previous big triangle bottom around 3600 zone. Possible 2nd leg up to test big channel top resistance around 3800 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :120
Dominance :53.1
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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On 4hr chart, possible consolidation till test the support of the previous triangle bottom. Possible staircase pattern 1st leg, pushing for 3700 resistance then the big channel top resistance around 3900.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 130
Total marketcap : 121
Dominance : 53
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
—
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►Sell

It has been a grueling 12 months in cryptoland there is no doubt about that. From the top at the end of 2017, you can consistently see lower highs all the way down the chart below. IN FACT, there was NEVER a time that that a higher low even presented itself to me that was “Worth” buying…until now.

After price was pressed down against the 5800 level multiple times, it was only time until it broke. Now that the puke has happened it is then over the past month or so that we should be “watching”. I know you are wondering

HyperCash (Binance: HCBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, HyperCash began a wave one advance on December 8, 2018. The red wave one finished on December 18, 2018, and the red wave two correction ended on December 25, 2018. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 12 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, HyperCash should be heading next towards the January 12 peak in the red

What caused the spike in crypto prices yesterday? ETF approval rumours?
No – I did.
I’ve mentioned before that I and I alone am the ultimate controller of BTC price. This was once again evidenced yesterday. You see: it’s been a very long time since I’ve had any fiat available with which to buy crypto. In a way that’s a good thing, it’s kept me from buying several dips which were above the $6k level.
Yesterday that changed. I woke up to a long-awaited payment in my bank account. Like a good crypto investor, I decided to use some of it to