biffbifford

biffbifford Updated 

In my previous ETH chart, I stated, “For my readers: I will state I have a bearish bias until I can determine the primary trendline will hold. I also feel that ETH wants to decouple from BTC for a short time. “ The Primary orange Dotted Trendline has held as support with recent candle price action demonstrating some downward probing wicks. There is no doubt the...

biffbifford Updated 

XRP on the 4hr Housekeeping: I use green trendlines for overhead resistance price levels. I use orange trendlines for support price levels and to show price distribution patterns. I use an orange dotted trendline to indicate the Primary Trendline and a dashed orange trendline to denote the secondary trendline. My charts are volume bias. Indicators:...

biffbifford Updated 

Short ETH analysis: We are nearing an inflection point. We can try and get some idea of what BTC is doing by digging deeper into the top altcoins. ETH is one of those top tokens/coins. Adjustments from my previous ETH analysis: I adjusted the primary Orange dotted trendline to reflect the new price distribution. I organized my green overhead trendlines to...

biffbifford Updated 

BTC and the Head games! We broke the primary trendline. For me that makes the trend a reference and no longer confirmed. Whenever a trend breaks, probability lends to it not holding as was evident in my LTC analysis. If you follow me, you will know I am strict when it comes to my trendlines. That is why I tell the reader how many data points my primary...

biffbifford Updated 

ETC on the 4hr – Post-Mortem. In my last ETC analysis, I stated, “I would wait to see if we get closer to the primary trendline before considering entering ETC or adding more. We are trading in a box about, $2.20 wide. The price action seems very resistant to levels just above the .50 fib level ($.4.807). I am a no go unless we can test the primary trendline...

biffbifford Updated 

ETH on the 4hr Structured price failure with some serious profit taking equals, a little pain! If you trade like me, buy a little here and a little there then you feel very little pain, if any. So, what’s going ON? Biff, I thought you said…? Ahh, words that can rarely be used against me because I trade cautious and I preach dollar cost averaging into cryptos to...

biffbifford

Please do not email me your optometry bill! First off, please forgive the housekeeping. I am trying to explain a lot of data because I have not been posting as often as I used too, so what you are seeing is my chart notes unfiltered. I normally remove 2/3’s of the mess you are currently seeing, so I ask for a pass on this clutter! LTC has moved very nicely...

biffbifford

I can only say that when I see people calling tops and bottoms, I wonder what information they possess to make such claims. After almost 30 years of trading and charting, I have never attempted to try and call bottoms or tops. I use probability to determine which prices are best to dollar cost average into a stock or crypto. All we can do as responsible chartist...

biffbifford

Cuz I am too good to be true! Pressure builds on the 100-day moving average! This is a nice squeeze play and gives a little hope to the hopeless. Color me skeptical but isn’t this how BTC has been trading for the past 6 months; blow it up, draw in new blood, and then suck their investments dry. But enough about my petty feelings. We shall leave those for a...

biffbifford Updated 

If you haven’t exposed yourself to the Volume Profile indicator before (“VP”), I would recommend you take some time to do so. XRP is making nice volatility moves and then return right back to the Point-Of-Control (“POC”) and not making any exciting advancements. If you follow me then you know XRP is my favorite crypto because of its practical use case. As you...

biffbifford

Let’s take an objected look at BTC on Bitfinex. Here are some facts: We had a nice $360.00 (USD) short-squeeze. In the past Bitcoin Universe, a move like this usually happened in one candle and was considered nothing more than a little move! But today, this was a 10-percent squeeze; nothing to sneeze about! EXCEPT, almost half has been given back. There appears...

biffbifford

This is a perfect example why I ALWAYS ask that you guys set some sell order for higher than usual prices to catch some extremes when they try and clear stops! I noted on the chart the long candle wick where the STOP chasers cleared the positions and made no follow through on the next 4-hr candle. ETH has been moving a bit different than normal. I feel like...

biffbifford

LTC on BITFINEX, 4-Hr TA Please note, I left my prior chart notes on this TA. I just changed the resistance to support price levels. You can see the price distribution pattern forming with my typical Orange Dotted Primary support falling trendline with 4-data points along with the above solid resistance falling trendline with 2-data points. We are a candle or...

biffbifford Updated 

Grabbing a second wind, I thought I would look over ETH on Coinbase. Here we look back to see the Bear Patterns and include the rectangle Poles. A bullish or bearish Flag, Pennant, symmetrical triangle should have a pole if you're trying to determine direction. We refer to this as a continuation pattern. You can see the Bearish continuation patterns and their...

biffbifford

I am feeling a little better. I was really sick! So I go to the doctor in the city and they close the main road to my house! I had to take an alternate route and ended up getting stuck in the snow. So, I am sick and shoveling SNOW! I ended up getting pulled out by an off-duty fireman who was out looking for Snow and just happened upon me. Anyway, you don't come...

biffbifford Updated 

XRP is trading in a, $0.06 (cent) range denoted by UGLY the blue rectangle in the chart. I recommended in a previous review that I am comfortable adding to my position at the base of the rectangle. That price is at or less than $0.28623 on Bitfinex. I have stated in the past that I think XRP is a decent long-term hold under $0.30 (cents). Technical Information...

biffbifford Updated 

This is some interesting price action. Please notice the Point-of -Control (POC) at $33.270 is sitting right on the right side of a symmetrical triangle. I have not seen this before. I changed this chart from a daily to a 4-Hr for more data points and short-term analysis. Technical Data: The Orange Dotted Primary Trendline is intact with firm support. The...

biffbifford

This is why you should follow me! I predicted a breakout move and while I didn't commit to a direction, I did recommend you not make an entry at the price level indicated on the last chart. I stated in my last review of BTC just hours ago: 'I need to see confirmation of the 3rd data point on the support and resistance price level to make a bull or bear call....