sixteenFeb18

sixteenFeb18

A fake out, in technical analysis, refers to a deceptive market move that initially appears to signal a significant shift in price direction but ultimately proves to be false. It occurs when a price breakout or breakdown occurs, luring traders into believing that a new trend is emerging, only for the price to quickly reverse and move in the opposite...

sixteenFeb18

ETHUSD is poised to emulate the trajectory of other major currencies. While BCH led the way and LTC is currently undergoing a similar process, I believe that ETH's upcoming movement will catch everyone off guard. The symmetrical triangle has been decisively broken, with confirmation already on the weekly chart and the price now positioned for takeoff....

sixteenFeb18

BTC remains above the 200 MA on the weekly chart, despite bearish attempts to break it down. The ongoing FUD surrounding the SEC's lawsuits against major exchanges has not deterred the price from staying above the 200 MA, resulting in unsuccessful attempts by the bears. If the price manages to close above the 200 MA by the end of this week, the bears are likely to...

06:53

sixteenFeb18

I am over all long on litecoin, you can do alot but ignoring the weekly ltcbtc chart might be a mistake of a life time. The markets are however shaky at the moment, and despite bitcoin taking out the $18.5 ranges low ranges recently litecoin held strong above $51, affirming the bias that the pair ltcbtc is gaining momentum. The previous lows for liteoin to be...