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Tag: cryptocurrency

Bitcoin Analysis: Consolidating Before Next Move

June 6, 2019 Published by

Bitcoin has been consolidating on top of major support at $7,500. It seems to be getting squeezed within a small wedge, currently trading around $7,700. Daily volume has died off a bit as traders are waiting for the next move.

We’ve now seen a daily candle open and close below the 21 day EMA.

Long and short positions are both dropping, suggesting a lack of confidence in direction.

In today’s video I discuss where price may be heading next, buy and sell targets, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video,

Crypto Shopping Cart – 06 June

June 6, 2019 Published by

Prices went down, but the market is clearly moving along. That can only mean one thing: time to get the Shopping Cart into gear!

BTC has made some good gains this year, but for the most part, altcoin prices remain very low compared to BTC. The whole market may have climbed by about 150%, but the alts have been slow to gain any sat value. While we can’t be certain of this, it is likely that altcoins will eventually make significant gains against BTC. I believe in BTC, I really do, but I don’t believe that it should hold over 50%

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,

KYC? No thanks!

June 5, 2019 Published by

Every day, without fail, I see crypto supporters arguing in favour of KYC.

KYC does have a place in crypto, but not nearly to the extent that is commonly believed.

Before I get into this post, I have to make a slight detour on behalf of the Americans who may be reading this. Please bear with me:

For the Americans: (generalizations to follow)

I have noticed that Americans in particular are pro-KYC, far more so than other crypto investors. I believe that this is because Americans are largely isolated from the outside world. As a large country with great wealth, American citizens can happily live their entire

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: Expected correction on-going

June 4, 2019 Published by

Still trying to understand what is causing the drop on the market these days?

I quit already from searching the reasons long time ago, I am only stick to the Psychological aspect of the market…news supporting the different scenarios often comes later on…

For “common mortals” as we are, it is really difficult to anticipate your next move based only in news and rumors, actually what usually happens is that rumors and news come in a weirdly and sudden manner and they are only reachable in a first chance for only a few…

Normally, when you read about a rumor, the rise or

Bitcoin, EOS, ETH, LTC, BNB, BAT and XRP Analysis: Bulls Trying to Hang On

June 4, 2019 Published by

In my last couple updates, I discussed the real possibility bitcoin was topping out. It’s now decisively broken below the $8,150 support. The next area of support is $7,550.

Price is currently below the 21 Day EMA. If a daily candle opens and closes below the 21 day EMA, I’d likely signal more downside to come and possibly the start of a larger correction.

In today’s video I analyze Bitcoin, EOS, BNB, BAT, LTC, ETH and XRP. We’ll discuss where prices may be heading next, key areas to watch, possible buy/sell targets and so much more. I hope you find it helpful.

Video

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

The Bitcoin Halving Event – Part 2

June 4, 2019 Published by

Yesterday I started a two part series on Bitcoin Halving. This is the second part of that series. It will make little sense if you have missed Part 1.  Part 1 is available here: https://trybe.one/archives/the-bitcoin-halving-event-part-1/

The Bitcoin Halving Event – Part 2

TRANSACTION FEES:

What happens after the very last Bitcoin has been mined? Will miners stop mining because there are no longer any block rewards? No, they won’t. That is because block rewards are only a part of what miners earn when they mine a BTC block. They also earn transaction fees.At the moment transaction fees are only worth around 10% of the block

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

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