Given the velocity of this pump, I'm inclined to draw my fibs as seen above. Reaction was perfect from the .382, which suits a very bullish impulse. I highlighted $7335: the -.618 extension, which is the 1:1 measured move from the impulse (.382+.618 = 1, who knew). Looking left, this level acted as support and resistance; and was the bottom of the bearish...
Ethereum, like most other cryptocurrencies, remains in a deep correction from it's ATH in January. I see no signs of a reversal yet, but anticipate one soon. ETH remains a favorite of crypto investors. In my experience it is perhaps the most universally-liked crypto; with nearly unanimous bullish long-term sentiment. From a fundamentals standpoint, the developers...
Despite wild swings, BTC is behaving beautifully from a technical standpoint. On the 15m, BTC is consolidating in a range defined by a double top and double bottom. Within this we find 3 ceiling tests, among other nice bounces. This ranging presents a tempting opportunity for swing traders intending to catch the impending breakout. Overview First we must...