Trends – Page 7

BITCOIN: at least two positive options…

April 1, 2019 Published by timm

Again we are in another decisive moment, BITCOIN is reaching the latest High around 4200 USD.

Everyone
is focused on this level since it represents the expected moment to
tackle with in order to know if the market is under the power of BULLS
or still under the domination of the BEARS.

Two options
can be predicted as more likely among others, one for each one of the
“fighters” however, what I see here is, anyway, a Positive reading of
the market today.

1st Option, for longs:

After having touched the bottom, BITCOIN has completed 2 Waves and is building the 3rd up:

On this

LITECOIN: Pull back expected and Next Halving

March 29, 2019 Published by timm

Litecoin has had an amazing rise lately, however there are signs of Bulls exhaustion these days.

By
one side, LITECOIN seems to have completed the 5 waves rise in a very
consistent manner, by the other, Volume has decreased dramatically with
each Higher high, which is again a sign of exhaustion.

Also, as I said a few days ago, the “relative Strength Index” shows a clear downtrend.

Both, volume and RSI seem to indicate a clear “Bearish Divergence” here, so, why not taking advantage of this situation?

Looking for a good entry point I would choose 0.618 FIBO retracement Level as the more likely

Auto Draft

March 28, 2019 Published by timm

While watching the situation of the Crypto Market, from time to time is good to deviate the focus of observation from the crypto King (BITCOIN), despite I still agree with the fact that the whole market is affected somehow by the steps of Satoshi’s creature.

That’s why, in order to get a better view, I used to check the evolution of the Total Crypto Market cap.

Below you can see the Weekly Chart, which is very similar to the BITCOIN’s chart but with some differences:

In this chart you can notice how, after having passed a long recession and having touched the Ground

Bearish Divergence on LITECOIN and BINANCE?

March 25, 2019 Published by timm

Following the last movements of BITCOIN on which we are
currently experimenting a drop on the price, we can see some signs of
“exhaustion” in the rise of some of the major altcoins that have led the
rise lately.

This is the case of LITECOIN and BINANCE Coin.

On LITECOIN:

we can be very satisfied of its performance, it has completed 5 waves, forming a promising 1st one in black. The price has grown constantly from 24 to 64 USD in the last 3 months but, unfortunately, the RSI seems to indicate a clear DIVERGENCE on the rise of the last three Highs…

EOS seems about to confirm reversal

March 23, 2019 Published by timm

Following the “party” initiated first by LITECOIN and then by BINANCE, EOS is presenting the perfect set up for confirming the reversal.

On the daily chart:

EOS has completed 4 out of the 5 waves up after touching the ground on early December.

The
3rd wave has fitted perfectly the 1.618 FIBONACCI level as expected and
the 4th corrective wave has been concluded in a short A-B-C correction.

In
order to confirm the REVERSAL, one of the 3 requisites has been met as
well since EOS is moving above the 50 Days Moving Average which has been
crossed on early February. The second requisite

BITCOIN: the “umpteenth” tentative…

March 19, 2019 Published by timm

I have the suspicious that after almost 1 month of a very
boring market BITCOIN is very close to what I call “Decision” point.
This is the point on which Bulls and Bears measures their strengths and
define which way to take next.

On the Daily Chart:

BTC is still far from the “Golden Crossing”
on which both Daily Moving Average lines (50 and 200) would meet. The
extrapolated lines project April 28th as a more likely date for that to
happen…

We have seen a series of Higher Highs which is a
good sign of recovery but what we really need

The Bull run will be driven more by the altcoins…

March 16, 2019 Published by timm

…than by BITCOIN side…

People may think that is an
obvious aspect since nowadays everybody is aware how major altcoins as
LITECOIN or BINANCE have been performed lately…

But I
remember that I envisage this behavior some weeks ago already and seems
that they are accomplishing the prevision to the perfection…

However, why am I saying that ALTCOINS will lead the Crypto Bull more than BITCOIN?

What it happened in the past was essentially the contrary. BITCOIN lead the grow and after consolidating its growth acceleration there was a huge transfer from BTC to the ALTCOINS.

But this time seems to be
different, altcoins

LITECOIN: a Bearish Divergence knocking on the “Golden Cross” Door

March 13, 2019 Published by timm

Market is keeping its boring steady state movement as BITCOIN does
while altcoins seems going back and forth alternatively day by day…

Well,
not all of them, major altcoins as BINANCE are really independent from
this behavior, In the case of BINANCE I am keeping my bullish sentiment
constant.

Also LITECOIN has demonstrated a very
interesting rise, not related to the Crypto King, BITCOIN, but,
unfortunately now I am obliged to tell you what I see in its chart which
is not bad but very necessary in order for LITECOIN to keep a proper
and sustained growth.

Where is LITECOIN now?

It is, as

LITECOIN: one more push up before correction

March 10, 2019 Published by timm

LITECOIN is following the expectations regarding “Money Flow” also according to the Elliot Waves Theory.

LTC/USD Trading pair is of course very related with how BITCOIN does, as any other altcoin but, in the case of LITECOIN, it looks to me that this market is much less manipulated, with less artificial movements driving the price action…

The following is the Chart on which I sketched the waves, FIBO levels and 50/200 Day-Moving Averages:

As you can see, LITECOIN is very close to get
the crossing of both, 50 and 200 Day Moving Averages, which, in my
opinion, will confirm the REVERSAL

BITCOIN: Volume is rising

March 9, 2019 Published by timm

Yeah! the market is experimenting a substantial increase on the Trading volume. The value today, more than 11 Billion USD, is similar to the values played by the end of December 2017 and, in my opinion, this is good, very good!

After having passed one year with an average
of less than 5B USD, since mid of February the trading volume has had a
clear increase trend and we are now in the values we all want to see.

Additionally, it is obvious for any TA analyst and Pattern Recognizing user that we are entering in another interesting area which would clarify

Tag: Trends