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Looking at CME Bitcoin (BTC) futures, we see a crucial inflection point at 8250. We noticed that Bitcoin (BTC) made major moves lower from this point in May and July of 2018. We also saw that 8250 is the location of a gap from back in June. Bottom Line: Bitcoin futures are always an essential thing for crypto players to keep an eye on. Bitcoin (BTC) is at a...

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Looking closely at the chart of Raven (RVNBTC), we some potentially bullish developments. RVNBTC has broken out above it's 21-day moving average. It is also holding above the 21-DMA. The 21-DMA is a major moving average because it is usually a sign of the strength of a trend. Right now, RVNBTC is spending more time above its 21-day moving average than it has in...

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When we look at the chart of ETH, we like what we see. Right now, bulls and bears are battling right on top of the support zone between 160 - 170. We view it as good for the bulls that there is a temporary stalemate near this 170 level. One of the keys for ETH is to see if ETHUSD can survive a significant decline in other risk assets. We noticed stocks (QQQ) are...

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If you are a trader or even a long term player, you may be thinking about buying dips in Bitcoin. Looking at the four-hour bar chart of XBTUSD on BitMEX, we see three support points that interest us. The first is a horizontal support block between 8144 and 8230. There is also diagonal support at that zone from a set of Fib speed resistance fan lines. If that...

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BNBUSD is trying to bottom. The best thing that could happen would be for 15 to hold as support. The next best thing that could happen is BNBUSD could achieve a weekly close above 17. 17 is the 62% retracement of the move from inception to the 2019 high. Bottom Line: We may or may not be in dreamland on this, but we drew an Elliot Wave map on what BNB could...

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Looking at the 2-day chart of Ethereum, we think the future is simple. If ETHUSD achieves a 2D close above the 200-day moving average at 185, then it will confirm the major down trend line (green) is broken. Bottom Line: In our view, if a 2-day bar closes above 185, that has the potential to start a monster move in ETHUSD.

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Looking at the Bitcoin 2-day chart, the focus is on 8587. That level is the 50% retracement of the big part of this year's uptrend. If BTCUSD can achieve a close of a 2-day candle above 8587, then the wave work shows a move to 16k is very likely. Bulls could then pile in on dips. Conversely, if BTCUSD fails badly at 8587, that would be a very worrisome sign....

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Cosmos could be entering a new bull phase. The fact that ATOMBTC recovered after a brief dip means there could be a lot more upside in this altcoin. We believe the minimum upside target could be the 23% retracement at 3382. We believe the up move may continue until ATOMBTC reaches what Elliot wave practitioners call "the previous 4th." In English, that means...

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We have made no bones about it. We like ETHUSD. In many ways, the crash brought ETH to critical horizontal support between 155- 170. The overbought condition has been relieved, and ETHUSD is ready to smoke higher. We also like the fact that ETH is breaking back above the green trend line. That is the primary downtrend line in ETH drawn off the 2017 high....

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You've heard of running with the bulls in Spain. In crypto, we have the running of the stops. In our view, the recent decline in Bitcoin and the new low last night has been nothing more than a giant stop hunt. The mini-crash below both the 200-day and the 50% retracement of the recent rally (8500) has flushed out weak longs and has set Bitcoin up for what we...

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In this case, KMDBTC has rallied to the 38% retracement of its last thrust lower over the previous month. The 38% retracement level is at 714. There is additional horizontal resistance at 725. Where KMDBTC is different from other altcoins we have looked at, is there is a scenario where you FOMO into a long. If KMDBTC closes a 4H bar above the 50% retracement...

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In ETHUSD, we continue to favor a straightforward approach. The 160-170 zone is support. On Gann charts (not shown), we see support near 152. We also believe that ETHUSD is a victim of selling by miners in BTCUSD and BCHUSD. Bottom Line: We can like ETH all we want, but Mr. Market is the ultimate judge. You can't be long until we see if BTCUSD holds 8k or if...

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Here are the bullish and bearish arguments: The Bullish Arguement : Everyone is now in fear mode. Stops have triggered below the 200-day moving average near 8350. There is no bounce. BTCUSD trades so bad, institutions would not be brave enough to buy. We see support near the 7900-8000 level on Gann charts (not shown). The 14-day RSI is at very oversold levels....

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We noticed a significant trading breakout might be taking place in LOOMBTC. The recent trend is for altcoins to retrace 23% of their recent down moves. Like many bear market rallies, these up moves have been tremendous and very short-lived. So, you have to jump on the up move while you can. In this case, LOOMBTC has taken out previous support near 362 and could...

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In Ethereum , we are going to keep it simple. The 160-170 area is an excellent support zone . We are optimistic that it holds, but we know what will happen to the ETHUSD and the entire crypto market if it doesn't. We looked at the daily chart, and the 9-day RSI has sunk to oversold levels. This could be bullish. Bottom Line: If we got bullish any crypto here,...

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As you may have heard in the news, people are starting to discuss downside targets in Bitcoin well below current prices. To help our readers, we decided to draw a map highlighting the big navigation points for BTCUSD. Bitcoin is currently sitting on the 200-day moving average (black line). Right now, that level is 8372. This level is important. If the drop in...

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Chainlink made us feel "good" as one of our most essential themes played. Specifically, don't chase altcoins that have already rallied a lot. In particular, we noted that a rally to the 23% of the recent down move in any altcoin is likely just a bear market rally. With Chainlink, we can see that people FOMO'd in above the 23% only to see prices come back,...

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We have to start over in ETHUSD. It seems there's a confluence of indicators in the 160-170. That zone contains prior highs from Jan and Feb and the late August low. The 160-170 area is also the location of a diagonal Fib speed resistance line. If ETH can't hold up here, then it may be a repeat of July. In that case, ETHUSD broke above the Fib speed line and then...