BAM_USD

BAM_USD

Many traders keep expecting Bitcoin to keep falling, but it doesn't want to give up. Bitcoin continues to hold the 200 weekly SMA, which has historically been the support level in a bear market. For the second time in a row, Bitcoin has formed a falling wedge pattern on the daily chart and had a successful break out. This was a great opportunity for a low...

BAM_USD

Litecoin has finally broken out of the year long downtrend on major volume, and seems to have pumped the whole crypto market! I have officially turned bullish. My chart has not changed because all the technical levels are still valid. As you can see on the daily chart, Litecoin has had a break out and has run all the way up to the resistance line / 200 day SMA. ...

BAM_USD

The blue is an overlay of the 2013/2014 Litecoin crash. The similarities are interesting, if history repeats itself it looks like a double bottom could form before breaking out of the downtrend and entering another accumulation phase. Litecoin led the last bull market so it could begin to show bullish momentum before Bitcoin this time as well. I am not...

BAM_USD

This analysis is a big picture look at what is going on with Litecoin. I have only published ideas on Bitcoin so far because it's the mothership of cryptos and is a major influencer of alt coins. However, I'm a big fan of LItecoin and thought it would be fun to post an analysis while the crypto market has been in a lull for the past few days. So without...

BAM_USD Updated 

This analysis will be short and sweet. I am short term bullish on Bitcoin at the moment based on a couple of patterns. On the 4 Hour chart you can see that an inverted head and shoulders pattern has been forming over the past few weeks. Within the right shoulder it also appears that a textbook ascending triangle is forming along with contracting volume. A...

BAM_USD Updated 

Well, well, well. It looks like Bitcoin finally decided to come down to 3k as I predicted in my previous analysis ;). Let's take a look at what happened! Recap Once Bitcoin broke through the support at 5.8K, you can see that buyers tried to step in and it retested that level, which actually turned into resistance. When we broke through the yearly support it...

BAM_USD Updated 

2019 looks like it's going to be a rough year for the stock market. There are many indicators suggesting that this is the beginning of a strong bear market. I wanted to take a longer time frame look at the stock market so I chose to go with the weekly chart for this analysis, let's get to it. Total Market Cap vs. GDP A way to look at the valuation of the...

BAM_USD

Just like the title says, this is my case for a $3,000 Bitcoin. Lets get right into it. To explain the chart above, I have plotted out important support (blue) and resistance (red) levels. As you can see, Bitcoin has broken down, out of the triangle pattern and has made another bottom around the $6,000 level. The price has made a slight recovery but it has all...

BAM_USD

Just like the title says, this is my case for a $3,000 Bitcoin.