Category: Charts and Analysis

After a week of huge gains, ETH drops 10% early Sunday morning. Are we actually in a bull market, or is this a massive bull trap? First off, I was not expecting such a sudden move down, my longs were stopped out in profit and I missed the short opportunity. Looking at the 4 hour chart, I’ve highlighted the bearish divergence and failure swing that…

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The bull rally continues as Ethereum manages to break the historical trendline resistance that dates back to December 2017. Volume and momentum oscillators suggest that the break is clean and the market has enough steam to push price higher. Looking at the chart above, there was a beautiful price consolidation along the historical trendline which was the first clue that things could break. Most of…

This will be a short update on the market since my Bitcoin and Ethereum analysis last week. I’m mainly interested in Ethereum right now as I think the upcoming Constantinople Hard Fork will give it a performance boost over Bitcoin. So far this theory has been validated as the ETH $85 accumulation range I pointed out earlier this month held strong as Bitcoin dropped. Each…

If you’ve been following me on twitter you might know I’ve been waiting for Ethereum to fall down to the $80 range since early December, where I plan to accumulate for a swing position. This range was derived from a chart I posted around that time showing a very significant trend line that showed its first sign of support back in March/April of this year….

It’s been nearly a month now since Bitcoin first broke its major historical support around $5800, which triggered the most recent bear run down to the $3000 range (-46%). Now the bulls appear to be stepping in as RSI divergence and MACD suggest a temporary bottom may be in and we could see a rally up to some key levels. Weekly Chart Looking at the…

This is an update to my BTC analysis posted last week, summarizing the historical descending triangle and the significance of the support zone at $5875. I mentioned how Bitcoin could be ready for one more attempt to break the diagonal trend line formed since the peak at $19K earlier this year ($7100 range), otherwise it would fall straight through the floor into the $5K range….

Looking at the daily price chart, I’m observing a massive descending triangle that has been playing out since the current downtrend started back in December. There was a huge sell off for two months following the peak at $19K before bouncing hard off the resistance point around $5875. The significance of this support at $5875 cannot be stressed enough. Looking at the chart we see…

Bitcoin is the first and most widely known cryptocurrency on the planet. While it is true you can already use BTC to purchase goods and services, this method of payment is often only carried out today by the hardcore crypto enthusiast rather than the everyday consumer. As it stands now, Bitcoin and other cryptocurrencies are treated in a purely speculative way. Volatile prices, government regulations,…

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