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We see two dominant themes running through the crypto markets. The first is the 4% swings in Bitcoin (BTC) feels like it is frustrating both bulls and bears Bulls who chased Bitcoin (BTC) above 9k, we stopped out overnight. This move was a payback of sorts for what happened to bears. Bears pressed shorts below 8700 only to see Bitcoin (BTC) rip up and stop them...

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We are pleased to see our favorite altcoin, Cosmos (ATOM), is in the green today. Frequently, when you get "glad" about anything in markets, it's time to take profits. Now may be good a time to take money off the table in Cosmos (ATOM). We think there is resistance near the 38% retracement of the most recent down move. Bottom Line: Assuming the crypto market...

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Recently, we have been constructive on Ethereum (ETH) vs. Bitcoin (BTC). We felt ETHBTC could head back to its recent highs at .022 and stretch beyond that. While ETHBTC is up today, we did not imagine the spread trade idea fulfilling itself with Bitcoin (BTC) dropping. The crucial next hurdle for ETHBTC is at the 50-day moving average at .021. We want to see...

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With news this morning about FBI testimony before Congress saying Bitcoin and crypto make it harder to fight crime, the 50-day moving average in XBTUSD near 8625 becomes a critical inflection point. If bulls show up to buy the dip, then Bitcoin (BTC) may weather the storm. The biggest reason for Bitcoin weathering the storm is that government agencies have...

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Bitcoin (BTC) is facing technical resistance. It faces opposition on Bitcoin (BTC) charts near 9500 and charts of total crypto market cap. The other thing that may hold Bitcoin (BTC) is that the U.S. Dollar is rallying vs. other fiat currencies. This analysis is our first attempt on Trading View of Looking at another market to get clues on crypto. Right now, it...

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In terms an analyzing Ethereum (ETH), one thing does stand out in the listless range. Currently, we want to watch the 50-day moving average at 182. We need bulls to show up at that level. Sellers have the advantage at 190 and above. We discuss that in our John Wick piece yesterday. Bottom Line: What needs to happen now is to see if bulls can manage to show up...

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The test of any upward moving market is whether or not buyers show up on a dip. Looking at Litecoin (LTC), today's decline has brought LTC back to a Fib speed line it had broken above a few days ago. We think it is essential for LTC to hold above 61. If it doesn't, it could a repeat of the false breakout the last time LTC tried to press through this line. We also...

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In the search for something to say about Bitcoin (BTC), we took a look at total crypto market cap (TOTAL). At $250 billion, there is a tremendous horizontal resistance at that level. That is going to make it hard for Bitcoin to go any higher without an active bullish catalyst. This resistance is not a bummer. It just may mean alts, particularly smaller alts,...

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You may have noticed that we are done telling people not to chase altcoins. That's one thing. It's another thing to say to people to buy an altcoin at resistance. That seems crazy, and it does not always work. In the case of Komodo (KMD), it might. We are noticing that Komodo (KMD) has already taken out its previous 4th. That means it has moved past the point...

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Is it us, or do you feel like the fictional fighter John Wick is somehow standing sentry at 190 in Ethereum (ETH)? Every time ETH tries to make progress above 190, it comes back off the same day. This price action creates candlesticks wicks. Wicks form when there is a big difference between the high/low and the close. Hence our John Wick analogy. We say a...

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Over the last two months, we have not been in favor of chasing big up moves in altcoins. As you may know, we have dramatically changed our tune and believe you can buy dips in alts. We always disclaim the statement by saying you should buy on dips in "quality" alts. When it comes to Stellar (XLM), we don't know about the fundamental quality. Technically, it has...

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We remember being immensely disappointed near the lows as to how ETH was performing. In retrospect, we realize that we should have "faded ourselves" because the recent bottom in ETHBTC could be a significant bottom. Looking at the wave structure, the recent decline looks like a simple A-B-C correction. To us, this could set up a more substantial move. This move...

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Looking at Bitcoin (BTC) on BitMEX, we see that the range is becoming clear. The higher end of the range on a 4-hour bar is 9640. Bitcoin (BTC) ran up there yesterday but got rejected. The lower end of the range seems to be 9000. That feels like an application of the theory that an even number provides psychological support. Bottom Line: We are ok with the...

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Litecoin. It's been a great leading indicator of big moves this year, both up and down. Even though Litecoin is nothing more than a Bitcoin (BTC) test net, crypto fans should be hoping Litecoin (LTC) can get going again. The critical level in Litecoin is at a Fib speed resistance line near 63. Bottom Line: A real breakout in Litecoin (LTC) above 63 could get...

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Ethereum (ETH) chart, we are rerunning it. With the jump in Ethereum (ETH) and a melt-up in other asset classes, like stocks, we think the Fed may be pumping a lot of money into the system to ensure everyone has a Happy Holidays. Nobody needs problems like a shortage of dollars via short term loans at the Holidays. Bottom Line: We think there is a decent chance...

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Looking at Bitcoin (BTC) futures, we see some positive signs. The best one is a Fib speed line has been acting as support for several days. To us, this means that Bitcoin (BTC0 is finding support from large buyers. We get the sense that big players who own Bitcoin (BTC) are not going to sell, especially since the China statement was so bullish for crypto as a...

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Before discussing NEO, let's start with a disclaimer. As we understand it, people don't think this is the most exceptional project - with or without the Chinese announcement about wanting to dominate blockchain. With that out of the way, it looks like bulls may be in charge of the market. NEO right now is holding support from a bullish breaker. It is also not...

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We took a look at Ethereum's (ETH) monthly chart. The good news is the bullish breaker held as support. The "bad" news is that Fib time analysis points to January as the optimal time for a potential take off. This contradicts the work in a recent piece suggesting gratification may come soon. How are we reconciling these differences? Assuming we are right about an...