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While the Bitcoin (BTC) price action is disappointing, there is a silver lining. The drop in Bitcoin (BTC) is providing a dip in Ethereum (ETH). We drew resistance near 194 - 197, and that resistance held. Our new focus in Ethereum (ETH) is now at tactical support near 180. Any price dips below 185 could be a chance to add to long term holdings. We may have to...

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Ravencoin (RVN) may be in the process of making a genuine breakout to the upside. Ravencoin (RVN) is breaking above a speed resistance line at 420. The next upside target could be 636. That is the location of another Fib speed resistance lines. One of the reasons that we think Ravencoin (RVN) could go on a bullish rampage is that the "previous 4th" wave is up...

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Looking at the 4-hour Ethereum (ETH) chart, we see temporary horizontal resistance between 194 and 197. It makes sense for Ethereum (ETH) to take a day or two to consolidate yesterday's impressive gains. We believe that dips in Ethereum (ETH) will be limited going forward. A pause in ETH near 194 and 197 would be an opportunity to add to long positions....

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Yesterday's Bitcoin (BTC) rally stopped at the 200-day moving average near 8600. To enhance the bull case, we wanted to see Bitcoin (BTC) burst through the 200-DMA. If Bitcoin (BTC) does break above the 200-DMA, it would be incredibly bullish. If Bitcoin (BTC) doesn't break above the 200-DMA, then the bears have a window to press Bitcoin (BTC). We prefer to...

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We noticed one of the top-performing alts of the last 24 hours was REN. RENBTC has come to a horizontal and diagonal resistance point near 675. As is the case with all these small coins, we don't think you should FOMO into a long at resistance. That said, if REN does take out 675, the next upside target 871. Bottom Line: If you are going to FOMO into anything,...

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Our bullish thesis in Ethereum (ETH) is playing out nicely. The next critical level in Ethereum (ETH) comes from an intraday chart. We are looking at an 89-minute chart. We sometimes look at 89-minute charts because 89 is a number in the Fibonacci series, and a famous Wall Street technician that we know uses this time to look at short term market movements. On...

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Naturally, the day after we publish an article about dealing with the frustration of the Bitcoin (BTC) consolidation, Bitcoin (BTC) follows our bullish theme and breaks out. Currently, Bitcoin (BTC) is resting right below its 200-day moving average near 8644. We believe Bitcoin (BTC) has the momentum to break through this moving average for two reasons. First,...

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Looking at the big move today in Ox (ZRX) on Coinbase, it is so tempting to FOMO into a long position. We think it is a positive sign that ZRX dipped and then managed to do another leg to the rally. HOWEVER, we are going to stay disciplined and wait. There is substantial resistance at 0.25. You would only FOMO into a long if a 2D bar closed above 0.25. If ZRX...

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ETHBTC is the mother of all crypto charts. If ETH breaks out above .022333, then ETH will lead, and crypto will go up. If ETHBTC can breakout above this level, it would signal that big coins below Bitcoin (BTC) on the market cap are ready to read a significant move higher. We continue to believe that any potential major advance in crypto will need to be led by...

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For Bitcoin (BTC) to breakout to the upside, people have to willing to buy it above 8300. I know that sounds like an obvious statement, but it is something to consider when looking at the Bitcoin (BTC) daily chart. We have a set of Fib speed resistance lines that are working very well for us. Looking at the chart above, Bitcoin (BTC) is pressing against...

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Over the last month, we have had success with one simple rule: Don't chase altcoins when they rally. That thinking has worked like a charm in smaller altcoins. That said, looking at the EOS chart, it may be time to start buying small dips and go with the recent rally. Reason: The EOS two-day chart shows a bounce off a stable support zone. It looks a lot like the...

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Today's price action in Ethereum (ETH) is very positive. We have previously mentioned how the support zone between 160 and 170 is so vital for Ethereum (ETH). The 160-170 area was the takeoff point where the rally in early in 2019 began. Thus, horizontal support there is excellent, and we are happy it is holding. We also like that yesterday's decline reversed...

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Looking at this morning's rally, it feels good. It feels like it's going to the moon. On Sunday (10/5), Bitcoin (BTC) looked so bad it looked like it was going to 7400. For Bitcoin analysis this morning, we are looking at a 2D chart of XBTUSD on BitMEX. XBTUSD is sitting right below a significant Fib speed resistance line and directly below a major horizontal...

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As tempting as it might be to jump on the Enjin Coin (ENJ) up move, we think you should hold off. Enjin Coin (ENJ) is hitting big resistance from a big reaction low in July and a significant resistance cluster near 805. If Enjin Coin (ENJ) can rise above that level on volume, there could be a move to a previous fourth wave at 905. Bottom Line : Don't chase...

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One of the keys to the bull case for Ethereum (ETH), is for Ethereum (ETH) to start outperforming Bitcoin (BTC); preferably on a crypto market rally. At present, we are watching .022163 on the ETHBTC chart. That level is the peak of a previous 4th wave up. If Ethereum (ETH) vs. Bitcoin (BTC) can rally past that level, then we believe a significant rally in crypto...

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Here's our plan in Bitcoin (BTC): We think it is ok to have a small long position. On a burst above 8560-8600, we would be more aggressive. 8562 is the critical level. 8562 is the 50% retracement of the recent rally. Support below the market is near the 62% retracement near 7400. Bottom Line: Bitcoin (BTC) would be a juicy buy at 7400, but we honestly don't...

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Looking at Chainlink (LINK), the nice rally has taken the altcoin to retest the fourth wave from the previous 4th wave. Typically, when a bear market corrects, it can make a sharp move to a "previous 4th." For Chainlink (LINK), that level is 24678. If Chainlink can somehow break above that level, it would be very bullish. However, if Chainlink fails at that...

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We like 89-minute charts when we have to get granular on a coin. Looking at the 89-minute bar of Ethereum (ETH), we noticed that ETH has broken below a parallel channel. That may mean a flush to a trend line at 165. Conversely, If Ethereum (ETH) was ever able to get a daily close back above 180, ETH likely turns around and breaks out of the top side of the...