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Tag: Cryptocurrencies

BITCOIN – IHS looking to become invalid, possible mini ascending triangle consolidation

January 4, 2019 Published by

Been making lower lows on 4hr chart testing possible horizontal channel bottom 3850 zone might go even to low 3800 to see if the buy volume come in. Possible IHS on daily probably gonna be out of valid timeframe soon. Possible mini ascending triangle bounce back to test 4000 for the 3 times if it hold and more narrow consolidation till apex.
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :141
Total marketcap :129
Dominance :51.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 4: Byteball Bytes

January 4, 2019 Published by

Byteball Bytes (Bittrex: GBYTEBTC) has broken out of the wedge pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bytes began a wave one advance on November 23, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 11, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Bytes should be heading next towards the December 11, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Bytes is currently in the

BITCOIN: still one more move upwards before going lower…

January 3, 2019 Published by

Why? well, basically because I think we are really attending a long 5-3-5 correction, on which the first 5 waves have been identified (Left blue ellipse) and the 3 middle waves are almost completed (Middle Green Ellipse).

To view it clearer we can have a look at the hourly chart:

Still one last sub-wave upwards is missing in order to complete the final “B” leg of the 5-3-5 (A-B-C) correction.

My expectations is that “B” will reach a slightly higher value than the level of the “A” magenta wave, so around 4000 USD… and still can happen because RSI indicator shows that BITCOIN

BITCOIN – 50% more move to go

January 3, 2019 Published by

On 4hr chart still in consolidation preparing for next move, will it finish up the down wedge breakout estimate target price move to 4300 ? bias likely more upside to go, might have light pullback to test support before that.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :132
Dominance :51.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 3: EOS

January 3, 2019 Published by

EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Here is a closer look at the breakout.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.
 

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The target of the EOS project

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

January 3, 2019 Published by

Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.

We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.

Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.

In today’s video analysis I discuss,

BITCOIN: “Proof of Keys” event…

January 2, 2019 Published by

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis

Index to crypto with Bit Brain – Edition VII – 2018

January 2, 2019 Published by

2018 is over and that means that it’s time for me to publish my final “Index” post of 2018 posts.

For those new to the awesome Bit Brain blog; I publish a monthly index of my posts from the past 30 days or so. It gives you an idea of what I wrote, lets you visit any gems which you may have missed and best of all: has a series of links that should make it easy enough to go back in time to find any of my posts.

I haven’t done Index posts for the last quarter of 2018, mainly because

STEEM – testing 730 resistance again

January 2, 2019 Published by

possible completion of double bottom on 4hr chart or a mini ascending triangle, estimated breakout price target to test 765 despite strong seller wall around 750, might take awhile to climb up with the amount of slow bleed unload last few days.
on daily chart, bigger double bottom W pattern, neckline zone around 830, maybe we will hit again when btc retest 4400. Or steem might just do it’s usual flash spike of 100+ to 300+ pts and selloff quickly thereafter.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :86
Volume

BITCOIN – wedge breakout testing channel top

January 2, 2019 Published by

Look like the past few days bias is valid, breakout of down wedge and tested the possible down channel top resistance around 4000 zone. Let see if it can break this resistance and head higher to 4400 zone to complete the IHS.

News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :131
Dominance :51.2
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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