With Coronavirus all over the news and the Fed printing money at unprecedented levels, its not surprising to see a re-surging interest in Gold over the past couple of months. Is it possible that Gold now has the momentum it needs to push new highs? If so, what are some potential price targets? For the answer, we look to Fibonacci extensions. On the price chart,…
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Ethereum is showing its first true signs of its potential to outperform Bitcoin in the months ahead after a strong rally that has resulted in the first 8/34 EMA crossover seen on the 4 Day chart since May 2018. If you are unfamiliar with why this is a bullish signal, I’d suggest reading my crash course on Moving Averages. In short, when short term averages…
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After a nasty selloff and long consolidation, the concurrency market in general appears to be finding some support. One asset in particular which has well outperformed Bitcoin in the past year might be giving patient buyers another chance to get in on the next move. Looking at the Chainlink/Bitcoin daily chart, the 200EMA has proven to be a reliable support indicator. Price data over the…
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The Bitcoin 4 Day chart is showing record amounts of volume on Coinbase Pro following a huge price crash as financial markets across the globe see record losses during the 2020 Coronavirus Pandemic. The volume measurements register higher than the infamous 2017 Bull run and most recent 2018 Bull Runs at their respective peaks. This says a lot of Bitcoin buyers are interested in the…
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Altcoins have been surging since the start of 2020, bitcoin dominance has dropped nearly 7% as coins such as Ethereum, Chainlink, and BAT see double digit gains. Looking at the bitcoin dominance chart (CRYPTOCAP) we can get clues as to when we can expect bitcoin to surge back as traders take altcoin profit to accumulate more BTC. Looking at the 16 Day chart, we have…
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In this short lesson we will review the bullish divergence trading strategy and demonstrate how it can be used to predict intraday reversals and price movements. This strategy uses a combination of indicators including multiple time frames, candle sticks, moving averages, trend lines, and relative strength. This strategy can be used on nearly any time frame you choose, but this example will use intraday charts…
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Chainlink has seen impressive price performance during crypto winter and with Bitcoin back on the rise above $10,000 a flood of retail money is now expected to enter the market as people rush to get in on the gains. This is the exact momentum that Chainlink needs to push it into a new price discovery phase, as the most recent 2 Day candle has closed…
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Monthly Chart Using basic horizontal support/resistance in combination with fibonacci extension and retracement tools, I’ve determined these levels to be significant for Basic Attention Token, taking all market history into account. $0.11 – December 2018 Lows $0.17 – September 2019 Lows $0.38 – April 2019 Highs $0.50 – January 2018 Monthly Close Basic Attention Token is currently at a significant resistance point at $0.28 with…
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We will start this TA with the daily chart. The first thing to pay attention to is the green line trend line that can be followed back to April of 2019. We saw a second form of support with this level in October of 2019 around $7600 before spiking hard to retest the red line. That resistance held and price broke down in November for…
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As we move further into 2020 its becoming more clear that the bulls are back in town. The cryptocurrency market is rising again and Bitcoin could be on its way to achieving new highs after a brutal bear market in 2018. With Bitcoin trading above $10,000 once again, its helpful to get a birds eye view of the overall market to determine where things could…
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