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Tag: cryptocurrency

BTC and more – 12 April

June 12, 2019 Published by

 
I have publicly stated that I expect BTC to drop in price soon, based mainly on an extended period of reduced volume. Perhaps BTC didn’t hear me, because so far it appears to be ignoring my prediction.
Contrary to the medium-term decline in volume, BTC has undergone a short-term volume increase and has now formed a potentially bullish converging triangle pattern. It’s a short-term pattern, so I wouldn’t read too much into it and it doesn’t invalidate any predictions of a medium-term drop, but it does indicate that BTC’s next movement is probably a bullish one.
If BTC does rise a few

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

World Series of Crypto Trading

June 11, 2019 Published by

 
I’ve just entered the World Series of Crypto Trading
and I suggest that you enter it too.
 

From https://wsoc.io

The World Series of Crypto Trading (WSOC) takes place on the Waves platform. I love platform coins, but as much as I want to, I can’t hold them all. WAVES is a cryptocurrency which has so far (unfortunately) escaped being added to my portfolio. In hindsight I should have bought WAVES long ago, instead of several other unsuccessful coins which I did buy.

One of the nicest things about Waves is that it has its own DEX, and that is where the WSOC trading will

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

Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP Analysis: Waiting for Larger Move

June 10, 2019 Published by

Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very little volume. This continues to suggest many traders are either sidelined or holding, waiting for a larger move.

Price has been unable to decisively (daily candle open and close) break above the 21 day EMA….which is now confirmed resistance. A decisive break above would be significant in my opinion.

Zooming in on the 4 hour chart, we can see the 8, 21 and

Bitcoin: Waiting to Exhale

June 10, 2019 Published by

 
If you caught the film/book reference in the title then I have bad news for you: you’re old. Like me.
It has recently come to my attention that BTC looks poised to fall in price.
Nothing Earth shattering, just a regular, healthy price retracement.
If you follow me on Twitter then you should have seen this over the weekend:
 

From https://twitter.com/brain_bit

 

Like I said in that Tweet, I’m expecting a drop in the region of $1.5k – $2k. I base this on a variety of factors: reigning market sentiment, support levels, volume and historical retracement behaviour. Also as I said in the Tweet, this is

The $TWTR Ripper! Held the line, now off to the races?

June 7, 2019 Published by

Twitter surprised on the last earning and gapped up over 15+% that day. I believe that this was the day that TWTR had turned the corner. The chart had been setting up for quite some time and the base that TWTR was building was growing. After the earnings report I wanted to see TWTR go sideways and hold some levels…

As you can see a couple days ago TWTR (Monday) lost the two most important levels of 36 and 35 since the earnings gap. The gap was filled and I thought that the boys may be puking the earnings gains. If

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

Bitcoin, EOS, LTC, ETH, BNB and XRP Analysis: Bulls Put Up a Fight

June 7, 2019 Published by

Yesterday we discussed how bitcoin would likely retest the $7,500 support. I had my doubts this support would hold a second time, but bulls proved again they’re not out of the fight. We watched a textbook double bottom bounce as price rallied to about $8,000 before finding resistance. It’s currently trading around $7,950 on Coinbase. Daily volume is stagnant, suggesting traders are still taking a watch and wait approach.

In today’s video I analyze Bitcoin, EOS, ETH, LTC, BNB and XRP. We’ll discuss where prices might be heading next, key areas to watch, traps to avoid and so much more. I

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

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