This analysis is going to be a pure review of the technical factors surrounding Bitcoin since there’s been a furor of price action over the past few weeks. Let’s start off by taking a look at the EMAs for Bitcoin on the daily resolution: Dissecting the chart above: 1. The golden line = EMA50 2. The purple line = EMA-200 One of the annotations on the chart...
After hitting the needle on its head (once again) for Bitcoin in our last price analysis, we’re going to go ahead and use this opportunity to deliver a follow-up on the price to get a grasp of where Bitcoin may be headed next (if anywhere, at all). There were a million reasons to be ambivalent about Bitcoin’s price action and, as expected, it is having trouble...
One thing that we have not looked at in quite a while, is Daniel Larimer’s coin! EOS. Let’s see how they’re doing. For this price analysis, we’re going to stick with the USD charts and the USD charts only. EOS is in a situation that’s somewhat similar to what we saw with Bitcoin Cash where the price is leaning right against a diagonal support. In addition,...
It has been way too long since we’ve had a Binance Coin price analysis! This one is a bit interesting because so much of the positive price action for Binance Coin has been predicated upon F..A, rather than strict technicals. In addition, the volume for Binance Coin has been through the roof as well this year and $BNB is the best performing coin out of all major...
At first look, Litecoin’s price action is extremely bullish. First, we can see that the price for Litecoin has soared through the roof since the end of 2018. There are a host of other notable observations that can be made for Litecoin as well, but let’s check out what a ‘zoomed out’ view of the daily resolution brings us first: From the chart above, we can...
Analysis is provided for on all of my social media channels (check the link). This is another rare idea that has been posted without charts underneath it because I did not take the time to actually get the links for all of those charts. Sent everything into the Discord, ask one of them for it. Thanks! If I'm wrong, then RIP me for life :( Feeling very...
We were able to successfully predict Bitcoin’s price action before. But at this point, it appears as though long positions are actually becoming increasingly more dangerous by the minute. The purpose of this price analysis will be to explain this all below. Let’s start with the weekly resolution for Bitcoin, because we haven’t looked at that one in quite a...
Disclaimer: Not only is this not financial advice, the author feels that it would be wildly irresponsible to continue to invest in the markets given the high propensity of a black swan event occurring in light of information pertaining to Bitfinex/Tether. However, there are those that still wish to continue their forays into the markets, so this investment...
Looking at Monero on the H4 resolution, here’s the first thing that I’m seeing: Looks like the price of Monero (USD) was bumping up against this overhead horizontal resistance for a little while before eventually breaking through (with volume). That large bump in the volume indicates that the price has broken through the resistance to the other side. We...
Its been a little while since we've covered Litecoin and it appears that Litecoin is still the 'it kid' on the block as of right now, so let's see how its going. It is super hard to look at the chart above and not see a massive bull pennant staring you back in the face. This is the H4 resolution by the way. It is super hard to look at the chart above and...
We're not going to post a bunch of lofty charts for this one. This is the moment of truth for $XRP. Either it goes crazy and jumps through the roof, or it drops through this super long-term support point and the losses are massive. This is a *major buy* idea.
Here’s the first chart that’s noteworthy for Stratis: The golden line in the chart above = EMA-50. As we can see, the price has interacted positively with the EMA-50 after crossing above it on the H4 resolution. The volume is below the 10 period average for the last few periods, which isn’t really concerning because the price appears to be consolidating...
Since Ethereum has been surging over the last few hours, let’s go ahead and check out its price action to see what may be next for investors. The first thing that we can observe on the price chart for Ethereum on the daily resolution is that the EMA-200 (purple line) is looming directly overhead to serve as a resistance for further price action. This is...
Since there has been some more slight movement for Bitcoin, we’re going to go ahead and take a look at the charts and see if we can detect any interesting developments in the indicators or the patterns that would lead us to believe that something will happen that is not in accordance with our prior forecast. Bitcoin Price Analysis The chart above shows...
Its been a little while since we’ve conducted a full price analysis, so we’re going to take another look at where Bitcoin may be headed in the coming hours, days, and weeks. Fortunately, we were successful in our last analysis of Bitcoin, which you can find here: In the picture above, we can see where the price has failed to breach the ‘resistance area’...
Ripple is one of the more interesting coins to do T.A. on because there is a lot going on in terms of fundamental analysis with Ripple/XRP. There is a war between major proponents (Brad Garlinghouse + Hodor + Ripple Community) and opponents (Frances Coppola + Messari/Ryan + Swift Network) and both are pretty resolute in their stances. As to whether this has led...
We recently posted a Bitcoin price analysis a few days ago here: The trade ended up busting. One of the reasons for why the trade idea busted is because the S/L was placed way too tightly the last time. Even though the content of the trading idea itself acknowledged that $4.2k was a suitable overhead resistance, the S/L for the idea was set at an even lower...
We’re making a slight shift from looking at BTC markets to checking out what’s going on with the Monero USD pairing. Let’s start with the daily resolution. The long-term downtrend resistance still presents an overhead impediment to further price action. This overhead resistance spans back to March 4th, 2018. At the bottom of the chart we can see a slight...