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We moved to a negative stance in Bitcoin (BTC) just in time. Right now, we see Bitcoin (BTC) resting near a point in June, which was the takeoff point for the final leg of the rally. While this level seems to provide helpful visual support, we don't think it qualifies as a good horizontal support point. Realistically, the next meaningful horizontal support...

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SOLVE is moving like a hot altcoin. To date, the percentage moves have been impressive. It is tough to get a read on an altcoin that suddenly wakes up and starts ripping like this. In this particular case, it appears FOMO has already set in. If we are correct that a massive chase is on, that could lead to a move to the 200-day moving average (black line). That...

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The market is making us face the possibility that our bullish Ethereum (ETH) thesis may not be correct. We are not giving up right now, but we do want our readers to be ready if Ethereum (ETH) goes down. If Ethereum (ETH) does move lower, the ETH contract at BitMEX could play an important role in hedging. So, we decided to take a look at that chart. We found two...

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We are concerned that the next big move in Bitcoin (BTC) could be down. Bitcoin (BTC) has been unable to rally up to above its 21-day or its 200-day moving average. Each rally gets more and lame. Each day that passes, this listless dead price action reminds us more and more about what happened in the fall of 2018. We think active traders can try to be short here,...

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Privacy fans will no doubt be intrigued by the rally in Monero (XMR) today. The catalyst for the rally in Monero (XMR) is supposedly related to the fact that Bitcoin, not a privacy coin, was involved in a justice department bust of a massive online child porn operation. According to news, the NY firm Chainalysis helped investigators read transactions on the...

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For the last several days, we have approached the Ethereum (ETH) story by looking at ETHBTC. Our thesis is that we are looking for Ethereum to lead any future crypto rally. Evidence that Ethereum (ETH) is leading would be created by a move in ETHBTC above the point where the last decline started. Elliot Wave practitioners call this point the previous 4th. We are...

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When we woke up this morning, we were so grateful to see that Bitcoin (BTC) had not moved. There was some fear on our part that we might wake up to see Bitcoin (BTC) at 7400. Ranges, in general, make most people miserable. Everybody is buying at the top and selling at the bottom. We have tried to stay neutral. The reason: The first step in making money is not...

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Like our Bitcoin Cash (BCH) idea from yesterday, we now present some adverse developments in Litecoin (LTC). Litecoin (LTC) appears to be doing the exact inverse of what it did back in February. In that case, LTC burst through the 200-week moving average and the consolidated above the average for three weeks. Then, in the fourth week, a significant move up...

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Research is all about themes and imagination. As I'm sure you know, our most prominent theme was Ethereum (ETH) has the power to lead a crypto rally. We also believed that Ethereum (ETH) had the potential to lead the market and outperform Bitcoin (BTC) in a rising market. Looking at the chart of Ethereum (ETH) vs. Bitcoin (BTC), we are seeing ETHBTC is wedged...

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The crypto crowd is an enthusiastic crowd that loves to take risk. We understand that people want clear ideas and a strong call on where Bitcoin (BTC) is going. Unfortunately, there just is no clear read on the chart right now. Bitcoin (BTC) is below key pivot points like the 21-day moving average and a Fib speed resistance line. That's not good. The only...

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We want to be bullish in the crypto space. As we have tried to maintain a positive or neutral stance, we have ignored the growing bearish picture in Bitcoin Cash (BCH). You could call Bitcoin Cash (BCH) a lot of different things. Some of those things are nasty, given how the coin fits into the crypto "political" picture. Keeping emotions out the picture, we are...

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Every time we get excited about a takeoff in Ethereum (ETH), it seems we get disappointed. The crypto space needs Ethereum (ETH), and it needs Ethereum (ETH) vs. Bitcoin (BTC) to move up soon. We want to see the positive stochastics picture start to make a difference in ETHBTC. Bottom Line: Ethereum still looks ok, but the rest of the crypto market trades...

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We remain neutral on Bitcoin (BTC) for three reasons. First, nobody wants to pay more than 8500 for Bitcoin (BTC). Two, Bitcoin (BTC) has been unable to break its 21-day or 200-day moving averages. Third, stocks are doing better. If fast money chases equities, it may not chase crypto. Bottom Line: We don't want to see Bitcoin (BTC) below 8100. If there are...

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Looking at the chart of ZRX, we like what we see. ZRX's most recent dip was met with buyers as ZRX stayed above its 21-day moving average (green line) after its break out. Buyers eventually pushed ZRX through resistance near 0.26. We also like that ZRX built a base on top of the 200-day moving average. The fact that ZRX is up today shows it is using the 200-DMA...

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In Ethereum (ETH), all we can do is reiterate what we have been saying for a few weeks. We are bullish Ethereum (ETH). We think Ethereum (ETH) is going to outperform Bitcoin (BTC) in any rally phase. We also think that Ethereum (ETH) can rally even if Bitcoin (BTC) sits still. Bottom Line: We are looking for Ethereum (ETH) to lead the crypto market higher....

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Let's start today with a simple statement: We would love to bullish Bitcoin (BTC). We think Bitcoin (BTC) has a lot of potential on the upside. But here's the problem. Bitcoin (BTC) can not achieve a technical breakout. Specifically, Bitcoin (BTC) has not been able to climb above it's 200-day moving average near 8752. More importantly, Bitcoin (BTC) has not been...

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Up until recently, we have advocated not chasing altcoins on rallies. The recent move in Matic Network (MATIC) is making us consider changing our tune. Right now, Matic Network is at resistance near 212. We don't recommend paying up to join this rally at this time. However, with Bitcoin (BTC) stalling near 8500, we see a shift where certain quality altcoins may...

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Despite all the optimism we have about Bitcoin (BTC) and crypto, we have to face the facts. As of now, Bitcoin (BTC) has met resistance and failed badly at an intersection of two moving averages. Bitcoin (BTC) has been unable to rise above the 21-day moving average (green) line. The 21-day moving average is a key indicator of short term momentum. If an...